LZFIX vs. AVERX
LZFIX (Lazard Equity Franchise Portfolio) and AVERX (Ave Maria Value Focused Fund) are both Large Cap Value Equities funds. Over the past year, LZFIX returned -8.96% vs 19.83% for AVERX. At a 0.34 correlation, their price movements are largely independent. LZFIX charges 0.99%/yr vs 1.26%/yr for AVERX.
Performance
LZFIX vs. AVERX - Performance Comparison
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Returns By Period
In the year-to-date period, LZFIX achieves a 0.28% return, which is significantly lower than AVERX's 18.47% return.
LZFIX
- 1D
- 1.40%
- 1M
- 6.02%
- 6M
- 1.40%
- YTD
- 0.28%
- 1Y
- -8.96%
- 3Y*
- 1.10%
- 5Y*
- 3.66%
- 10Y*
- —
AVERX
- 1D
- 1.33%
- 1M
- 1.09%
- 6M
- 9.81%
- YTD
- 18.47%
- 1Y
- 19.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LZFIX vs. AVERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
LZFIX Lazard Equity Franchise Portfolio | 0.28% | -3.98% |
AVERX Ave Maria Value Focused Fund | 18.47% | 0.37% |
Correlation
The correlation between LZFIX and AVERX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.34 |
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Return for Risk
LZFIX vs. AVERX — Risk / Return Rank
LZFIX
AVERX
LZFIX vs. AVERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Equity Franchise Portfolio (LZFIX) and Ave Maria Value Focused Fund (AVERX). 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.
| LZFIX | AVERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.17 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 1.45 | -1.89 |
| Martin ratioReturn relative to average drawdown | -0.74 | 3.66 | -4.39 |
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Drawdowns
LZFIX vs. AVERX - Drawdown Comparison
The maximum LZFIX drawdown since its inception was -41.91%, which is greater than AVERX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for LZFIX and AVERX.
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Drawdown Indicators
| LZFIX | AVERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.91% | -13.39% | -28.52% |
Max Drawdown (1Y)Largest decline over 1 year | -20.87% | -13.39% | -7.48% |
Max Drawdown (3Y)Largest decline over 3 years | -21.51% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | — | — |
Current DrawdownCurrent decline from peak | -11.73% | -7.83% | -3.90% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -6.10% | -1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.46% | 5.31% | +7.15% |
Volatility
LZFIX vs. AVERX - Volatility Comparison
The current volatility for Lazard Equity Franchise Portfolio (LZFIX) is 5.33%, while Ave Maria Value Focused Fund (AVERX) has a volatility of 6.03%. This indicates that LZFIX experiences smaller price fluctuations and is considered to be less risky than AVERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZFIX | AVERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 6.03% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 11.79% | 14.70% | -2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 19.87% | -4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.89% | 18.99% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.05% | 18.99% | +2.06% |
LZFIX vs. AVERX - Expense Ratio Comparison
LZFIX has a 0.99% expense ratio, which is lower than AVERX's 1.26% expense ratio.
Dividends
LZFIX vs. AVERX - Dividend Comparison
LZFIX's dividend yield for the trailing twelve months is around 20.82%, more than AVERX's 0.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVERX Ave Maria Value Focused Fund | 0.34% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LZFIX Lazard Equity Franchise Portfolio | 20.82% | 20.87% | 14.95% | 8.68% | 12.81% | 15.59% | 1.12% | 5.78% |
Frequently Asked Questions
LZFIX and AVERX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVERX has higher volatility (6.03%) compared to LZFIX (5.33%). In terms of maximum drawdown, LZFIX dropped -41.91% vs AVERX's -13.39%.
AVERX currently has the higher Sharpe Ratio (0.98 vs -0.59), 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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