LZEMX vs. LCAIX
Compare and contrast key facts about Lazard Emerging Markets Equity Portfolio (LZEMX) and Lazard Opportunistic Strategies Portfolio (LCAIX).
LZEMX is managed by Lazard. It was launched on Jul 14, 1994. LCAIX is managed by Lazard. It was launched on Mar 25, 2008.
Performance
LZEMX vs. LCAIX - Performance Comparison
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LZEMX vs. LCAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LZEMX Lazard Emerging Markets Equity Portfolio | 5.00% | 41.35% | 7.60% | 22.44% | -14.86% | 5.37% | -0.07% | 18.06% | -18.11% | 28.02% |
LCAIX Lazard Opportunistic Strategies Portfolio | -3.45% | 14.10% | 11.73% | 10.32% | -14.93% | 12.99% | 9.47% | 15.16% | -12.77% | 17.76% |
Returns By Period
In the year-to-date period, LZEMX achieves a 5.00% return, which is significantly higher than LCAIX's -3.45% return. Over the past 10 years, LZEMX has outperformed LCAIX with an annualized return of 9.23%, while LCAIX has yielded a comparatively lower 6.09% annualized return.
LZEMX
- 1D
- -0.53%
- 1M
- -9.45%
- YTD
- 5.00%
- 6M
- 15.58%
- 1Y
- 39.76%
- 3Y*
- 21.92%
- 5Y*
- 10.81%
- 10Y*
- 9.23%
LCAIX
- 1D
- 0.10%
- 1M
- -6.49%
- YTD
- -3.45%
- 6M
- -1.77%
- 1Y
- 10.92%
- 3Y*
- 9.89%
- 5Y*
- 4.69%
- 10Y*
- 6.09%
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LZEMX vs. LCAIX - Expense Ratio Comparison
LZEMX has a 1.06% expense ratio, which is higher than LCAIX's 1.02% expense ratio.
Return for Risk
LZEMX vs. LCAIX — Risk / Return Rank
LZEMX
LCAIX
LZEMX vs. LCAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Equity Portfolio (LZEMX) and Lazard Opportunistic Strategies Portfolio (LCAIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| LZEMX | LCAIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.74 | 0.84 | +1.90 |
Sortino ratioReturn per unit of downside risk | 3.49 | 1.24 | +2.25 |
Omega ratioGain probability vs. loss probability | 1.53 | 1.18 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 3.47 | 0.94 | +2.54 |
Martin ratioReturn relative to average drawdown | 13.04 | 4.28 | +8.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LZEMX | LCAIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.74 | 0.84 | +1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.38 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.52 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.33 | +0.05 |
Correlation
The correlation between LZEMX and LCAIX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
LZEMX vs. LCAIX - Dividend Comparison
LZEMX's dividend yield for the trailing twelve months is around 1.95%, less than LCAIX's 15.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LZEMX Lazard Emerging Markets Equity Portfolio | 1.95% | 2.05% | 3.11% | 3.76% | 5.92% | 4.89% | 2.11% | 2.45% | 2.10% | 1.99% | 1.48% | 2.14% |
LCAIX Lazard Opportunistic Strategies Portfolio | 15.10% | 14.58% | 10.24% | 3.04% | 3.64% | 4.32% | 2.11% | 1.97% | 6.02% | 7.72% | 1.67% | 2.94% |
Drawdowns
LZEMX vs. LCAIX - Drawdown Comparison
The maximum LZEMX drawdown since its inception was -60.08%, which is greater than LCAIX's maximum drawdown of -40.62%. Use the drawdown chart below to compare losses from any high point for LZEMX and LCAIX.
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Drawdown Indicators
| LZEMX | LCAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.08% | -40.62% | -19.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.61% | -9.69% | -0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -30.55% | -19.17% | -11.38% |
Max Drawdown (10Y)Largest decline over 10 years | -44.08% | -22.99% | -21.09% |
Current DrawdownCurrent decline from peak | -10.42% | -7.03% | -3.39% |
Average DrawdownAverage peak-to-trough decline | -16.71% | -6.94% | -9.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 2.13% | +0.70% |
Volatility
LZEMX vs. LCAIX - Volatility Comparison
Lazard Emerging Markets Equity Portfolio (LZEMX) has a higher volatility of 5.92% compared to Lazard Opportunistic Strategies Portfolio (LCAIX) at 3.95%. This indicates that LZEMX's price experiences larger fluctuations and is considered to be riskier than LCAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZEMX | LCAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 3.95% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 9.63% | 7.52% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.26% | 13.07% | +1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.09% | 12.34% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.33% | 11.84% | +4.49% |