LZFIX vs. LZISX
LZFIX (Lazard Equity Franchise Portfolio) and LZISX (Lazard International Small Cap Equity Portfolio) are both mutual funds - LZFIX is a Large Cap Value Equities fund managed by Lazard, while LZISX is a Foreign Small & Mid Cap Equities fund managed by Lazard. Over the past 5 years, LZFIX returned 4.56%/yr vs 4.79%/yr for LZISX. Their 0.64 correlation means they have sometimes moved together and sometimes differently. LZFIX charges 0.99%/yr vs 1.14%/yr for LZISX.
Performance
LZFIX vs. LZISX - Performance Comparison
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Returns By Period
In the year-to-date period, LZFIX achieves a 4.44% return, which is significantly lower than LZISX's 18.70% return.
LZFIX
- 1D
- -0.66%
- 1M
- 6.21%
- 6M
- 6.97%
- YTD
- 4.44%
- 1Y
- -1.03%
- 3Y*
- 2.84%
- 5Y*
- 4.56%
- 10Y*
- —
- ALL TIME*
- 6.82%
LZISX
- 1D
- 0.32%
- 1M
- -5.70%
- 6M
- 8.36%
- YTD
- 18.70%
- 1Y
- 26.61%
- 3Y*
- 17.18%
- 5Y*
- 4.79%
- 10Y*
- 7.22%
- ALL TIME*
- 6.88%
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. LZISX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LZFIX Lazard Equity Franchise Portfolio | 4.44% | 4.09% | -3.09% | 18.84% | -5.29% | 22.88% | 1.15% | 9.25% |
LZISX Lazard International Small Cap Equity Portfolio | 18.70% | 35.95% | -3.68% | 11.59% | -26.34% | 12.36% | 13.45% | 14.24% |
Correlation
The correlation between LZFIX and LZISX is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.64 |
Over the past year, the correlation between LZFIX and LZISX has dropped to 0.25 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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Return for Risk
LZFIX vs. LZISX — Risk / Return Rank
LZFIX
LZISX
LZFIX vs. LZISX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Equity Franchise Portfolio (LZFIX) and Lazard International Small Cap Equity Portfolio (LZISX). 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 | LZISX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.23 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.19 | -2.23 |
| Martin ratioReturn relative to average drawdown | -0.08 | 7.32 | -7.40 |
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Drawdowns
LZFIX vs. LZISX - Drawdown Comparison
The maximum LZFIX drawdown since its inception was -41.91%, smaller than the maximum LZISX drawdown of -65.43%. Use the drawdown chart below to compare losses from any high point for LZFIX and LZISX.
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Drawdown Indicators
| LZFIX | LZISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.91% | -65.43% | +23.52% |
Max Drawdown (1Y)Largest decline over 1 year | -19.87% | -12.57% | -7.30% |
Max Drawdown (3Y)Largest decline over 3 years | -21.51% | -15.88% | -5.63% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -42.01% | +20.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.80% | — |
Current DrawdownCurrent decline from peak | -8.06% | -9.18% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -14.73% | +7.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 3.75% | +7.90% |
Volatility
LZFIX vs. LZISX - Volatility Comparison
Lazard Equity Franchise Portfolio (LZFIX) and Lazard International Small Cap Equity Portfolio (LZISX) have volatilities of 7.38% and 7.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZFIX | LZISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 7.62% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.19% | 17.70% | -4.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.52% | 21.46% | -4.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.09% | 18.02% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.12% | 17.04% | +4.08% |
LZFIX vs. LZISX - Expense Ratio Comparison
LZFIX has a 0.99% expense ratio, which is lower than LZISX's 1.14% expense ratio.
Dividends
LZFIX vs. LZISX - Dividend Comparison
LZFIX's dividend yield for the trailing twelve months is around 19.99%, more than LZISX's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LZFIX Lazard Equity Franchise Portfolio | 19.99% | 20.87% | 14.95% | 8.68% | 12.81% | 15.59% | 1.12% | 5.78% | 0.00% | 0.00% | 0.00% | 0.00% |
LZISX Lazard International Small Cap Equity Portfolio | 1.61% | 1.91% | 1.89% | 2.08% | 5.44% | 36.78% | 2.07% | 2.10% | 4.62% | 0.00% | 2.96% | 0.69% |
Frequently Asked Questions
LZFIX and LZISX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LZISX has higher volatility (7.62%) compared to LZFIX (7.38%). In terms of maximum drawdown, LZFIX dropped -41.91% vs LZISX's -65.43%.
LZISX currently has the higher Sharpe Ratio (1.28 vs -0.06), 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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