LZFIX vs. FBLEX
LZFIX (Lazard Equity Franchise Portfolio) and FBLEX (Fidelity Series Stock Selector Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 5 years, LZFIX returned 3.66%/yr vs 12.77%/yr for FBLEX. Their correlation of 0.82 suggests significant overlap in exposure. LZFIX charges 0.99%/yr vs 0.01%/yr for FBLEX.
Performance
LZFIX vs. FBLEX - 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 FBLEX's 12.41% return.
LZFIX
- 1D
- 1.40%
- 1M
- 6.02%
- 6M
- 1.40%
- YTD
- 0.28%
- 1Y
- -8.96%
- 3Y*
- 1.10%
- 5Y*
- 3.66%
- 10Y*
- —
FBLEX
- 1D
- 0.32%
- 1M
- 2.53%
- 6M
- 9.40%
- YTD
- 12.41%
- 1Y
- 23.26%
- 3Y*
- 18.88%
- 5Y*
- 12.77%
- 10Y*
- 12.05%
LZFIX vs. FBLEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LZFIX Lazard Equity Franchise Portfolio | 0.28% | 4.09% | -3.09% | 18.84% | -5.29% | 22.88% | 1.15% | 9.25% |
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 12.41% | 17.06% | 18.04% | 15.60% | -4.82% | 26.83% | 4.34% | 13.51% |
Correlation
The correlation between LZFIX and FBLEX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.82 |
Over the past year, the correlation between LZFIX and FBLEX has dropped to 0.58 - well below their long-term average of 0.82, suggesting their price drivers have been diverging.
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Return for Risk
LZFIX vs. FBLEX — Risk / Return Rank
LZFIX
FBLEX
LZFIX vs. FBLEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Equity Franchise Portfolio (LZFIX) and Fidelity Series Stock Selector Large Cap Value Fund (FBLEX). 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 | FBLEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.77 | ||
| Sortino ratioReturn per unit of downside risk | -3.87 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.39 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 3.42 | -3.86 |
| Martin ratioReturn relative to average drawdown | -0.74 | 13.82 | -14.56 |
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Drawdowns
LZFIX vs. FBLEX - Drawdown Comparison
The maximum LZFIX drawdown since its inception was -41.91%, which is greater than FBLEX's maximum drawdown of -39.73%. Use the drawdown chart below to compare losses from any high point for LZFIX and FBLEX.
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Drawdown Indicators
| LZFIX | FBLEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.91% | -39.73% | -2.18% |
Max Drawdown (1Y)Largest decline over 1 year | -20.87% | -6.89% | -13.98% |
Max Drawdown (3Y)Largest decline over 3 years | -21.51% | -14.71% | -6.80% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -19.00% | -2.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.73% | — |
Current DrawdownCurrent decline from peak | -11.73% | 0.00% | -11.73% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -3.80% | -3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.46% | 1.70% | +10.76% |
Volatility
LZFIX vs. FBLEX - Volatility Comparison
Lazard Equity Franchise Portfolio (LZFIX) has a higher volatility of 5.33% compared to Fidelity Series Stock Selector Large Cap Value Fund (FBLEX) at 3.04%. This indicates that LZFIX's price experiences larger fluctuations and is considered to be riskier than FBLEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZFIX | FBLEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 3.04% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 11.79% | 8.17% | +3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 10.84% | +4.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.89% | 14.77% | +3.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.05% | 17.33% | +3.72% |
LZFIX vs. FBLEX - Expense Ratio Comparison
LZFIX has a 0.99% expense ratio, which is higher than FBLEX's 0.01% expense ratio.
Dividends
LZFIX vs. FBLEX - Dividend Comparison
LZFIX's dividend yield for the trailing twelve months is around 20.82%, more than FBLEX's 9.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBLEX Fidelity Series Stock Selector Large Cap Value Fund | 9.88% | 9.95% | 12.63% | 5.05% | 12.66% | 14.51% | 3.85% | 5.65% | 10.97% | 7.09% | 2.47% | 13.81% |
LZFIX Lazard Equity Franchise Portfolio | 20.82% | 20.87% | 14.95% | 8.68% | 12.81% | 15.59% | 1.12% | 5.78% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LZFIX and FBLEX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LZFIX has higher volatility (5.33%) compared to FBLEX (3.04%). In terms of maximum drawdown, LZFIX dropped -41.91% vs FBLEX's -39.73%.
FBLEX currently has the higher Sharpe Ratio (2.18 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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