LZFIX vs. FGIPX
LZFIX (Lazard Equity Franchise Portfolio) and FGIPX (Nomura Growth and Income Fund Institutional Class) are both Large Cap Value Equities funds. Over the past 5 years, LZFIX returned 3.66%/yr vs 17.33%/yr for FGIPX. A 0.76 correlation means they provide meaningful diversification when combined. LZFIX charges 0.99%/yr vs 0.77%/yr for FGIPX.
Performance
LZFIX vs. FGIPX - 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 FGIPX's 20.32% return.
LZFIX
- 1D
- 1.40%
- 1M
- 6.02%
- 6M
- 1.40%
- YTD
- 0.28%
- 1Y
- -8.96%
- 3Y*
- 1.10%
- 5Y*
- 3.66%
- 10Y*
- —
FGIPX
- 1D
- 0.45%
- 1M
- 0.55%
- 6M
- 16.58%
- YTD
- 20.32%
- 1Y
- 39.84%
- 3Y*
- 25.51%
- 5Y*
- 17.33%
- 10Y*
- 12.99%
LZFIX vs. FGIPX - 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% |
FGIPX Nomura Growth and Income Fund Institutional Class | 20.32% | 30.18% | 15.44% | 12.17% | 3.28% | 21.73% | -4.59% | 13.84% |
Correlation
The correlation between LZFIX and FGIPX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.76 |
Over the past year, the correlation between LZFIX and FGIPX has dropped to 0.39 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
LZFIX vs. FGIPX — Risk / Return Rank
LZFIX
FGIPX
LZFIX vs. FGIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Equity Franchise Portfolio (LZFIX) and Nomura Growth and Income Fund Institutional Class (FGIPX). 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 | FGIPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.01 | ||
| Sortino ratioReturn per unit of downside risk | -5.47 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.61 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 5.59 | -6.03 |
| Martin ratioReturn relative to average drawdown | -0.74 | 21.15 | -21.89 |
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Drawdowns
LZFIX vs. FGIPX - Drawdown Comparison
The maximum LZFIX drawdown since its inception was -41.91%, which is greater than FGIPX's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for LZFIX and FGIPX.
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Drawdown Indicators
| LZFIX | FGIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.91% | -37.32% | -4.59% |
Max Drawdown (1Y)Largest decline over 1 year | -20.87% | -7.26% | -13.61% |
Max Drawdown (3Y)Largest decline over 3 years | -21.51% | -13.27% | -8.24% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -16.19% | -5.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.32% | — |
Current DrawdownCurrent decline from peak | -11.73% | 0.00% | -11.73% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -4.15% | -2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.46% | 1.92% | +10.54% |
Volatility
LZFIX vs. FGIPX - Volatility Comparison
Lazard Equity Franchise Portfolio (LZFIX) has a higher volatility of 5.33% compared to Nomura Growth and Income Fund Institutional Class (FGIPX) at 3.70%. This indicates that LZFIX's price experiences larger fluctuations and is considered to be riskier than FGIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZFIX | FGIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 3.70% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 11.79% | 8.78% | +3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 11.88% | +3.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.89% | 14.90% | +2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.05% | 17.05% | +4.00% |
LZFIX vs. FGIPX - Expense Ratio Comparison
LZFIX has a 0.99% expense ratio, which is higher than FGIPX's 0.77% expense ratio.
Dividends
LZFIX vs. FGIPX - Dividend Comparison
LZFIX's dividend yield for the trailing twelve months is around 20.82%, more than FGIPX's 9.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGIPX Nomura Growth and Income Fund Institutional Class | 9.58% | 11.68% | 12.69% | 7.50% | 7.35% | 12.20% | 2.13% | 52.72% | 25.63% | 5.58% | 4.22% | 5.88% |
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 FGIPX have a correlation of 0.39, 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 FGIPX (3.70%). In terms of maximum drawdown, LZFIX dropped -41.91% vs FGIPX's -37.32%.
FGIPX currently has the higher Sharpe Ratio (3.42 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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