LZFIX vs. LZIEX
LZFIX (Lazard Equity Franchise Portfolio) and LZIEX (Lazard International Equity Portfolio) are both mutual funds - LZFIX is a Large Cap Value Equities fund managed by Lazard, while LZIEX is a Foreign Large Cap Equities fund managed by Lazard. Over the past 5 years, LZFIX returned 4.69%/yr vs 9.24%/yr for LZIEX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. LZFIX charges 0.99%/yr vs 0.82%/yr for LZIEX.
Performance
LZFIX vs. LZIEX - 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 LZIEX's 11.20% 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%
LZIEX
- 1D
- 2.26%
- 1M
- 0.97%
- 6M
- 4.88%
- YTD
- 11.20%
- 1Y
- 23.47%
- 3Y*
- 16.65%
- 5Y*
- 9.24%
- 10Y*
- 8.30%
- ALL TIME*
- 6.58%
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. LZIEX - 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% |
LZIEX Lazard International Equity Portfolio | 11.20% | 34.14% | 5.30% | 16.49% | -15.00% | 6.14% | 8.76% | 10.75% |
Correlation
The correlation between LZFIX and LZIEX is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.72 |
Over the past year, the correlation between LZFIX and LZIEX has dropped to 0.44 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
LZFIX vs. LZIEX — Risk / Return Rank
LZFIX
LZIEX
LZFIX vs. LZIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Equity Franchise Portfolio (LZFIX) and Lazard International Equity Portfolio (LZIEX). 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 | LZIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.27 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 1.87 | -2.00 |
| Martin ratioReturn relative to average drawdown | -0.22 | 6.43 | -6.66 |
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Drawdowns
LZFIX vs. LZIEX - Drawdown Comparison
The maximum LZFIX drawdown since its inception was -41.91%, smaller than the maximum LZIEX drawdown of -55.35%. Use the drawdown chart below to compare losses from any high point for LZFIX and LZIEX.
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Drawdown Indicators
| LZFIX | LZIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.91% | -55.35% | +13.44% |
Max Drawdown (1Y)Largest decline over 1 year | -19.87% | -11.88% | -7.99% |
Max Drawdown (3Y)Largest decline over 3 years | -21.51% | -13.71% | -7.80% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -30.42% | +8.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -7.45% | -0.14% | -7.31% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -11.19% | +4.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 3.45% | +8.20% |
Volatility
LZFIX vs. LZIEX - Volatility Comparison
Lazard Equity Franchise Portfolio (LZFIX) has a higher volatility of 7.71% compared to Lazard International Equity Portfolio (LZIEX) at 4.17%. This indicates that LZFIX's price experiences larger fluctuations and is considered to be riskier than LZIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZFIX | LZIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 4.17% | +3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 12.50% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.60% | 14.71% | +1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.10% | 15.89% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.12% | 15.90% | +5.22% |
LZFIX vs. LZIEX - Expense Ratio Comparison
LZFIX has a 0.99% expense ratio, which is higher than LZIEX's 0.82% expense ratio.
Dividends
LZFIX vs. LZIEX - Dividend Comparison
LZFIX's dividend yield for the trailing twelve months is around 19.85%, more than LZIEX's 11.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
LZIEX Lazard International Equity Portfolio | 11.11% | 12.35% | 8.26% | 3.78% | 6.12% | 17.81% | 1.03% | 2.07% | 7.93% | 1.42% | 1.06% | 0.72% |
Frequently Asked Questions
LZFIX and LZIEX have a correlation of 0.44, 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 LZIEX (4.17%). In terms of maximum drawdown, LZFIX dropped -41.91% vs LZIEX's -55.35%.
LZIEX currently has the higher Sharpe Ratio (1.51 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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