LZEMX vs. RLEMX
LZEMX (Lazard Emerging Markets Equity Portfolio) and RLEMX (Lazard Emerging Markets Equity Portfolio Class R6) are both Emerging Markets Equities funds from Lazard. Over the past 10 years, LZEMX returned 9.95%/yr vs 9.96%/yr for RLEMX. Their 1.00 correlation means they have historically moved very closely together. LZEMX charges 1.06%/yr vs 1.38%/yr for RLEMX.
Performance
LZEMX vs. RLEMX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with LZEMX having a 26.32% return and RLEMX slightly lower at 26.30%. Both investments have delivered pretty close results over the past 10 years, with LZEMX having a 9.95% annualized return and RLEMX not far ahead at 9.96%.
LZEMX
- 1D
- 0.67%
- 1M
- 4.05%
- 6M
- 14.13%
- YTD
- 26.32%
- 1Y
- 47.52%
- 3Y*
- 27.13%
- 5Y*
- 14.21%
- 10Y*
- 9.95%
- ALL TIME*
- 7.82%
RLEMX
- 1D
- 0.67%
- 1M
- 4.05%
- 6M
- 14.16%
- YTD
- 26.30%
- 1Y
- 47.54%
- 3Y*
- 27.13%
- 5Y*
- 14.22%
- 10Y*
- 9.96%
- ALL TIME*
- 11.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
LZEMX vs. RLEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LZEMX Lazard Emerging Markets Equity Portfolio | 26.32% | 41.35% | 7.60% | 22.44% | -14.86% | 5.37% | -0.07% | 18.06% | -18.11% | 28.02% |
RLEMX Lazard Emerging Markets Equity Portfolio Class R6 | 26.30% | 41.38% | 7.60% | 22.42% | -14.86% | 5.43% | -0.02% | 17.99% | -18.11% | 28.02% |
Correlation
The correlation between LZEMX and RLEMX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 1.00 |
The correlation between LZEMX and RLEMX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
LZEMX vs. RLEMX — Risk / Return Rank
LZEMX
RLEMX
LZEMX vs. RLEMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Equity Portfolio (LZEMX) and Lazard Emerging Markets Equity Portfolio Class R6 (RLEMX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LZEMX | RLEMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.59 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.78 | 4.77 | 0.00 |
| Martin ratioReturn relative to average drawdown | 16.20 | 16.19 | +0.02 |
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Drawdowns
LZEMX vs. RLEMX - Drawdown Comparison
The maximum LZEMX drawdown since its inception was -60.08%, which is greater than RLEMX's maximum drawdown of -44.12%. Use the drawdown chart below to compare losses from any high point for LZEMX and RLEMX.
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Drawdown Indicators
| LZEMX | RLEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.08% | -44.12% | -15.96% |
Max Drawdown (1Y)Largest decline over 1 year | -10.42% | -10.41% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -14.27% | -14.25% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -29.13% | -29.17% | +0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -44.08% | -44.12% | +0.04% |
Current DrawdownCurrent decline from peak | -0.51% | -0.51% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -10.36% | -6.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 3.07% | -0.01% |
Volatility
LZEMX vs. RLEMX - Volatility Comparison
Lazard Emerging Markets Equity Portfolio (LZEMX) and Lazard Emerging Markets Equity Portfolio Class R6 (RLEMX) have volatilities of 5.20% and 5.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZEMX | RLEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 5.19% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 12.92% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.79% | 14.79% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.58% | 14.59% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 16.39% | -0.02% |
LZEMX vs. RLEMX - Expense Ratio Comparison
LZEMX has a 1.06% expense ratio, which is lower than RLEMX's 1.38% expense ratio.
Dividends
LZEMX vs. RLEMX - Dividend Comparison
LZEMX's dividend yield for the trailing twelve months is around 1.62%, which matches RLEMX's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LZEMX Lazard Emerging Markets Equity Portfolio | 1.62% | 2.05% | 3.11% | 3.76% | 5.92% | 4.89% | 2.11% | 2.45% | 2.10% | 1.99% | 1.48% | 2.14% |
RLEMX Lazard Emerging Markets Equity Portfolio Class R6 | 1.62% | 2.05% | 3.10% | 3.76% | 5.92% | 4.89% | 2.11% | 2.45% | 2.10% | 1.99% | 1.48% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, LZEMX and RLEMX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
LZEMX has higher volatility (5.20%) compared to RLEMX (5.19%). In terms of maximum drawdown, LZEMX dropped -60.08% vs RLEMX's -44.12%.
LZEMX currently has the higher Sharpe Ratio (3.37 vs 3.37), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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