LZFIX vs. LEAIX
LZFIX (Lazard Equity Franchise Portfolio) and LEAIX (Lazard Emerging Markets Equity Advantage Portfolio) are both mutual funds - LZFIX is a Large Cap Value Equities fund managed by Lazard, while LEAIX is a Emerging Markets Equities fund managed by Lazard. Over the past 5 years, LZFIX returned 4.69%/yr vs 8.68%/yr for LEAIX. Their 0.50 correlation means their historical movements had little consistent relationship. LZFIX charges 0.99%/yr vs 0.91%/yr for LEAIX.
Performance
LZFIX vs. LEAIX - Performance Comparison
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Returns By Period
In the year-to-date period, LZFIX achieves a 5.14% return, which is significantly lower than LEAIX's 17.83% 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%
LEAIX
- 1D
- 3.60%
- 1M
- -4.21%
- 6M
- 7.46%
- YTD
- 17.83%
- 1Y
- 36.23%
- 3Y*
- 20.19%
- 5Y*
- 8.68%
- 10Y*
- 10.02%
- ALL TIME*
- 10.96%
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. LEAIX - 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% |
LEAIX Lazard Emerging Markets Equity Advantage Portfolio | 17.83% | 33.74% | 11.41% | 12.67% | -21.01% | 0.96% | 17.39% | 13.54% |
Correlation
The correlation between LZFIX and LEAIX is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.50 |
Over the past year, the correlation between LZFIX and LEAIX has dropped to 0.09 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
LZFIX vs. LEAIX — Risk / Return Rank
LZFIX
LEAIX
LZFIX vs. LEAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Equity Franchise Portfolio (LZFIX) and Lazard Emerging Markets Equity Advantage Portfolio (LEAIX). 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 | LEAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.30 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.32 | -2.45 |
| Martin ratioReturn relative to average drawdown | -0.22 | 7.54 | -7.76 |
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Drawdowns
LZFIX vs. LEAIX - Drawdown Comparison
The maximum LZFIX drawdown since its inception was -41.91%, which is greater than LEAIX's maximum drawdown of -37.24%. Use the drawdown chart below to compare losses from any high point for LZFIX and LEAIX.
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Drawdown Indicators
| LZFIX | LEAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.91% | -37.24% | -4.67% |
Max Drawdown (1Y)Largest decline over 1 year | -19.87% | -14.30% | -5.57% |
Max Drawdown (3Y)Largest decline over 3 years | -21.51% | -16.21% | -5.30% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -33.37% | +11.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.24% | — |
Current DrawdownCurrent decline from peak | -7.45% | -11.22% | +3.77% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -11.44% | +4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 4.40% | +7.25% |
Volatility
LZFIX vs. LEAIX - Volatility Comparison
The current volatility for Lazard Equity Franchise Portfolio (LZFIX) is 7.71%, while Lazard Emerging Markets Equity Advantage Portfolio (LEAIX) has a volatility of 8.85%. This indicates that LZFIX experiences smaller price fluctuations and is considered to be less risky than LEAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZFIX | LEAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 8.85% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 18.32% | -5.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.60% | 20.28% | -3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.10% | 16.84% | +1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.12% | 17.77% | +3.35% |
LZFIX vs. LEAIX - Expense Ratio Comparison
LZFIX has a 0.99% expense ratio, which is higher than LEAIX's 0.91% expense ratio.
Dividends
LZFIX vs. LEAIX - Dividend Comparison
LZFIX's dividend yield for the trailing twelve months is around 19.85%, more than LEAIX's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LEAIX Lazard Emerging Markets Equity Advantage Portfolio | 1.62% | 1.90% | 1.52% | 1.93% | 3.42% | 8.01% | 0.84% | 1.92% | 2.43% | 1.15% | 1.62% |
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% |
Frequently Asked Questions
LZFIX and LEAIX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LEAIX has higher volatility (8.85%) compared to LZFIX (7.71%). In terms of maximum drawdown, LZFIX dropped -41.91% vs LEAIX's -37.24%.
LEAIX currently has the higher Sharpe Ratio (1.64 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.
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