LZFIX vs. MALVX
LZFIX (Lazard Equity Franchise Portfolio) and MALVX (BlackRock Advantage Large Cap Value Fund) are both Large Cap Value Equities funds. Over the past 5 years, LZFIX returned 3.66%/yr vs 12.90%/yr for MALVX. A 0.79 correlation means they provide meaningful diversification when combined. LZFIX charges 0.99%/yr vs 0.54%/yr for MALVX.
Performance
LZFIX vs. MALVX - Performance Comparison
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Returns By Period
In the year-to-date period, LZFIX achieves a 0.28% return, which is significantly lower than MALVX's 20.82% return.
LZFIX
- 1D
- 1.40%
- 1M
- 6.02%
- 6M
- 1.40%
- YTD
- 0.28%
- 1Y
- -8.96%
- 3Y*
- 1.10%
- 5Y*
- 3.66%
- 10Y*
- —
MALVX
- 1D
- 0.23%
- 1M
- 2.55%
- 6M
- 17.29%
- YTD
- 20.82%
- 1Y
- 34.61%
- 3Y*
- 20.91%
- 5Y*
- 12.90%
- 10Y*
- 12.74%
LZFIX vs. MALVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LZFIX Lazard Equity Franchise Portfolio | 0.28% | 4.09% | -3.09% | 18.84% | -5.29% | 22.88% | 1.15% | 9.25% |
MALVX BlackRock Advantage Large Cap Value Fund | 20.82% | 18.38% | 15.39% | 13.74% | -8.68% | 26.51% | 3.91% | 11.63% |
Correlation
The correlation between LZFIX and MALVX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.79 |
Over the past year, the correlation between LZFIX and MALVX has dropped to 0.46 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
LZFIX vs. MALVX — Risk / Return Rank
LZFIX
MALVX
LZFIX vs. MALVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Equity Franchise Portfolio (LZFIX) and BlackRock Advantage Large Cap Value Fund (MALVX). 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 | MALVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.70 | ||
| Sortino ratioReturn per unit of downside risk | -5.07 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.57 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | 5.36 | -5.80 |
| Martin ratioReturn relative to average drawdown | -0.74 | 24.39 | -25.12 |
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Drawdowns
LZFIX vs. MALVX - Drawdown Comparison
The maximum LZFIX drawdown since its inception was -41.91%, smaller than the maximum MALVX drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for LZFIX and MALVX.
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Drawdown Indicators
| LZFIX | MALVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.91% | -55.21% | +13.30% |
Max Drawdown (1Y)Largest decline over 1 year | -20.87% | -6.53% | -14.34% |
Max Drawdown (3Y)Largest decline over 3 years | -21.51% | -16.13% | -5.38% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -19.73% | -1.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.12% | — |
Current DrawdownCurrent decline from peak | -11.73% | 0.00% | -11.73% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -8.72% | +1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.46% | 1.43% | +11.03% |
Volatility
LZFIX vs. MALVX - Volatility Comparison
Lazard Equity Franchise Portfolio (LZFIX) has a higher volatility of 5.33% compared to BlackRock Advantage Large Cap Value Fund (MALVX) at 3.85%. This indicates that LZFIX's price experiences larger fluctuations and is considered to be riskier than MALVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZFIX | MALVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 3.85% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 11.79% | 8.90% | +2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.50% | 11.29% | +4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.89% | 14.81% | +3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.05% | 17.25% | +3.80% |
LZFIX vs. MALVX - Expense Ratio Comparison
LZFIX has a 0.99% expense ratio, which is higher than MALVX's 0.54% expense ratio.
Dividends
LZFIX vs. MALVX - Dividend Comparison
LZFIX's dividend yield for the trailing twelve months is around 20.82%, more than MALVX's 7.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LZFIX Lazard Equity Franchise Portfolio | 20.82% | 20.87% | 14.95% | 8.68% | 12.81% | 15.59% | 1.12% | 5.78% | 0.00% | 0.00% | 0.00% | 0.00% |
MALVX BlackRock Advantage Large Cap Value Fund | 7.64% | 9.23% | 14.33% | 2.84% | 5.96% | 17.48% | 1.68% | 3.92% | 12.95% | 0.43% | 1.38% | 1.01% |
Frequently Asked Questions
LZFIX and MALVX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LZFIX has higher volatility (5.33%) compared to MALVX (3.85%). In terms of maximum drawdown, LZFIX dropped -41.91% vs MALVX's -55.21%.
MALVX currently has the higher Sharpe Ratio (3.11 vs -0.59), 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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