LZFIX vs. PKAIX
LZFIX (Lazard Equity Franchise Portfolio) and PKAIX (PIMCO RAE US Fund) are both Large Cap Value Equities funds. Over the past 5 years, LZFIX returned 4.56%/yr vs 16.59%/yr for PKAIX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. LZFIX charges 0.99%/yr vs 0.40%/yr for PKAIX.
Performance
LZFIX vs. PKAIX - 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 PKAIX's 30.43% 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%
PKAIX
- 1D
- 0.11%
- 1M
- 5.64%
- 6M
- 22.61%
- YTD
- 30.43%
- 1Y
- 47.25%
- 3Y*
- 24.25%
- 5Y*
- 16.59%
- 10Y*
- 14.45%
- ALL TIME*
- 13.23%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
PKAIX PIMCO RAE US Fund | $0.00 | $0.00 | $0.00 |
LZFIX vs. PKAIX - 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% |
PKAIX PIMCO RAE US Fund | 30.43% | 17.19% | 16.28% | 17.02% | -3.36% | 27.74% | 3.94% | 13.60% |
Correlation
The correlation between LZFIX and PKAIX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.76 |
Over the past year, the correlation between LZFIX and PKAIX has dropped to 0.48 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
LZFIX vs. PKAIX — Risk / Return Rank
LZFIX
PKAIX
LZFIX vs. PKAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Equity Franchise Portfolio (LZFIX) and PIMCO RAE US Fund (PKAIX). 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 | PKAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.62 | ||
| Sortino ratioReturn per unit of downside risk | -4.72 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.64 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 8.94 | -8.98 |
| Martin ratioReturn relative to average drawdown | -0.08 | 28.37 | -28.45 |
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Drawdowns
LZFIX vs. PKAIX - Drawdown Comparison
The maximum LZFIX drawdown since its inception was -41.91%, which is greater than PKAIX's maximum drawdown of -38.56%. Use the drawdown chart below to compare losses from any high point for LZFIX and PKAIX.
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Drawdown Indicators
| LZFIX | PKAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.91% | -38.56% | -3.35% |
Max Drawdown (1Y)Largest decline over 1 year | -19.87% | -5.15% | -14.72% |
Max Drawdown (3Y)Largest decline over 3 years | -21.51% | -20.31% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -20.64% | -1.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.56% | — |
Current DrawdownCurrent decline from peak | -8.06% | -0.11% | -7.95% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -4.66% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 1.62% | +10.03% |
Volatility
LZFIX vs. PKAIX - Volatility Comparison
Lazard Equity Franchise Portfolio (LZFIX) has a higher volatility of 7.38% compared to PIMCO RAE US Fund (PKAIX) at 2.25%. This indicates that LZFIX's price experiences larger fluctuations and is considered to be riskier than PKAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZFIX | PKAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 2.25% | +5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.19% | 9.03% | +4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.52% | 12.91% | +3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.09% | 17.68% | +0.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.12% | 18.81% | +2.31% |
LZFIX vs. PKAIX - Expense Ratio Comparison
LZFIX has a 0.99% expense ratio, which is higher than PKAIX's 0.40% expense ratio.
Dividends
LZFIX vs. PKAIX - Dividend Comparison
LZFIX's dividend yield for the trailing twelve months is around 19.99%, more than PKAIX's 10.56% 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% |
PKAIX PIMCO RAE US Fund | 10.56% | 13.77% | 16.77% | 6.65% | 8.09% | 10.03% | 3.20% | 4.91% | 6.85% | 5.85% | 5.33% | 3.49% |
Frequently Asked Questions
LZFIX and PKAIX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LZFIX has higher volatility (7.38%) compared to PKAIX (2.25%). In terms of maximum drawdown, LZFIX dropped -41.91% vs PKAIX's -38.56%.
PKAIX currently has the higher Sharpe Ratio (3.57 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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