LZFIX vs. LISIX
LZFIX (Lazard Equity Franchise Portfolio) and LISIX (Lazard International Strategic Equity Portfolio R6) are both mutual funds - LZFIX is a Large Cap Value Equities fund managed by Lazard, while LISIX is a Foreign Large Cap Equities fund managed by Lazard. Over the past 5 years, LZFIX returned 4.69%/yr vs 5.55%/yr for LISIX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. LZFIX charges 0.99%/yr vs 0.80%/yr for LISIX.
Performance
LZFIX vs. LISIX - 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 LISIX's 10.98% 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%
LISIX
- 1D
- 3.48%
- 1M
- -1.09%
- 6M
- 5.28%
- YTD
- 10.98%
- 1Y
- 18.01%
- 3Y*
- 12.49%
- 5Y*
- 5.55%
- 10Y*
- 7.49%
- ALL TIME*
- 6.65%
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. LISIX - 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% |
LISIX Lazard International Strategic Equity Portfolio R6 | 10.98% | 25.70% | -1.42% | 17.08% | -16.89% | 6.07% | 10.58% | 10.73% |
Correlation
The correlation between LZFIX and LISIX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.70 |
Over the past year, the correlation between LZFIX and LISIX has dropped to 0.31 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.
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Return for Risk
LZFIX vs. LISIX — Risk / Return Rank
LZFIX
LISIX
LZFIX vs. LISIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Equity Franchise Portfolio (LZFIX) and Lazard International Strategic Equity Portfolio R6 (LISIX). 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 | LISIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.19 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 1.38 | -1.51 |
| Martin ratioReturn relative to average drawdown | -0.22 | 5.31 | -5.53 |
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Drawdowns
LZFIX vs. LISIX - Drawdown Comparison
The maximum LZFIX drawdown since its inception was -41.91%, smaller than the maximum LISIX drawdown of -55.70%. Use the drawdown chart below to compare losses from any high point for LZFIX and LISIX.
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Drawdown Indicators
| LZFIX | LISIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.91% | -55.70% | +13.79% |
Max Drawdown (1Y)Largest decline over 1 year | -19.87% | -12.28% | -7.59% |
Max Drawdown (3Y)Largest decline over 3 years | -21.51% | -16.26% | -5.25% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -32.52% | +10.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.01% | — |
Current DrawdownCurrent decline from peak | -7.45% | -2.61% | -4.84% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -10.42% | +3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 3.18% | +8.47% |
Volatility
LZFIX vs. LISIX - Volatility Comparison
Lazard Equity Franchise Portfolio (LZFIX) has a higher volatility of 7.71% compared to Lazard International Strategic Equity Portfolio R6 (LISIX) at 5.93%. This indicates that LZFIX's price experiences larger fluctuations and is considered to be riskier than LISIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZFIX | LISIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 5.93% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 15.24% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.60% | 16.98% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.10% | 17.91% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.12% | 17.20% | +3.92% |
LZFIX vs. LISIX - Expense Ratio Comparison
LZFIX has a 0.99% expense ratio, which is higher than LISIX's 0.80% expense ratio.
Dividends
LZFIX vs. LISIX - Dividend Comparison
LZFIX's dividend yield for the trailing twelve months is around 19.85%, less than LISIX's 25.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LISIX Lazard International Strategic Equity Portfolio R6 | 25.92% | 28.77% | 13.47% | 1.46% | 1.39% | 8.82% | 1.01% | 1.85% | 9.01% | 1.30% | 1.60% | 1.16% |
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 LISIX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LZFIX has higher volatility (7.71%) compared to LISIX (5.93%). In terms of maximum drawdown, LZFIX dropped -41.91% vs LISIX's -55.70%.
LISIX currently has the higher Sharpe Ratio (1.00 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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