LZFIX vs. LDMIX
LZFIX (Lazard Equity Franchise Portfolio) and LDMIX (Lazard Developing Markets Equity Portfolio) are both mutual funds - LZFIX is a Large Cap Value Equities fund managed by Lazard, while LDMIX is a Emerging Markets Equities fund managed by Lazard. Over the past 5 years, LZFIX returned 4.69%/yr vs 6.58%/yr for LDMIX. Their 0.52 correlation means they have sometimes moved together and sometimes differently. LZFIX charges 0.99%/yr vs 1.15%/yr for LDMIX.
Performance
LZFIX vs. LDMIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LZFIX achieves a 5.14% return, which is significantly lower than LDMIX's 20.50% return.
LZFIX
- 1D
- -2.07%
- 1M
- 6.92%
- 6M
- 7.07%
- YTD
- 5.14%
- 1Y
- -0.37%
- 3Y*
- 2.77%
- 5Y*
- 4.69%
- 10Y*
- —
- ALL TIME*
- 6.93%
LDMIX
- 1D
- 2.79%
- 1M
- -4.52%
- 6M
- 10.68%
- YTD
- 20.50%
- 1Y
- 43.13%
- 3Y*
- 18.45%
- 5Y*
- 6.58%
- 10Y*
- 8.49%
- ALL TIME*
- 6.36%
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 |
LZFIX vs. LDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LZFIX Lazard Equity Franchise Portfolio | 5.14% | 4.09% | -3.09% | 18.84% | -5.29% | 22.88% | 1.15% | 9.25% |
LDMIX Lazard Developing Markets Equity Portfolio | 20.50% | 33.67% | 6.73% | 9.68% | -22.61% | -10.14% | 19.33% | 17.10% |
Correlation
The correlation between LZFIX and LDMIX is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.52 |
Over the past year, the correlation between LZFIX and LDMIX has dropped to 0.15 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LZFIX vs. LDMIX — Risk / Return Rank
LZFIX
LDMIX
LZFIX vs. LDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Equity Franchise Portfolio (LZFIX) and Lazard Developing Markets Equity Portfolio (LDMIX). 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 | LDMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.32 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.84 | -2.97 |
| Martin ratioReturn relative to average drawdown | -0.22 | 8.94 | -9.16 |
Loading charts...
Drawdowns
LZFIX vs. LDMIX - Drawdown Comparison
The maximum LZFIX drawdown since its inception was -41.91%, smaller than the maximum LDMIX drawdown of -51.12%. Use the drawdown chart below to compare losses from any high point for LZFIX and LDMIX.
Loading charts...
Drawdown Indicators
| LZFIX | LDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.91% | -51.12% | +9.21% |
Max Drawdown (1Y)Largest decline over 1 year | -19.87% | -14.14% | -5.73% |
Max Drawdown (3Y)Largest decline over 3 years | -21.51% | -19.55% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -37.77% | +16.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.20% | — |
Current DrawdownCurrent decline from peak | -7.45% | -11.75% | +4.30% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -19.63% | +12.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 4.49% | +7.16% |
Volatility
LZFIX vs. LDMIX - Volatility Comparison
The current volatility for Lazard Equity Franchise Portfolio (LZFIX) is 7.71%, while Lazard Developing Markets Equity Portfolio (LDMIX) has a volatility of 9.75%. This indicates that LZFIX experiences smaller price fluctuations and is considered to be less risky than LDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LZFIX | LDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 9.75% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 20.41% | -7.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.60% | 22.57% | -5.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.10% | 19.07% | -0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.12% | 19.65% | +1.47% |
LZFIX vs. LDMIX - Expense Ratio Comparison
LZFIX has a 0.99% expense ratio, which is lower than LDMIX's 1.15% expense ratio.
Dividends
LZFIX vs. LDMIX - Dividend Comparison
LZFIX's dividend yield for the trailing twelve months is around 19.85%, more than LDMIX's 0.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LDMIX Lazard Developing Markets Equity Portfolio | 0.97% | 1.17% | 0.84% | 2.24% | 0.83% | 1.00% | 0.25% | 0.54% | 0.78% | 0.20% | 0.95% | 0.56% |
LZFIX Lazard Equity Franchise Portfolio | 19.85% | 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 LDMIX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LDMIX has higher volatility (9.75%) compared to LZFIX (7.71%). In terms of maximum drawdown, LZFIX dropped -41.91% vs LDMIX's -51.12%.
LDMIX currently has the higher Sharpe Ratio (1.78 vs -0.16), 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.
Find the right allocation for LZFIX and LDMIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer