LZFIX vs. RALIX
LZFIX (Lazard Equity Franchise Portfolio) and RALIX (Lazard Real Assets Portfolio) are both mutual funds - LZFIX is a Large Cap Value Equities fund managed by Lazard, while RALIX is a Global Allocation fund managed by Lazard. Over the past 5 years, LZFIX returned 4.69%/yr vs 6.98%/yr for RALIX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. LZFIX charges 0.99%/yr vs 0.80%/yr for RALIX.
Performance
LZFIX vs. RALIX - 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 RALIX's 13.88% 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%
RALIX
- 1D
- 0.43%
- 1M
- 2.52%
- 6M
- 7.73%
- YTD
- 13.88%
- 1Y
- 22.53%
- 3Y*
- 12.25%
- 5Y*
- 6.98%
- 10Y*
- —
- ALL TIME*
- 6.94%
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. RALIX - 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% |
RALIX Lazard Real Assets Portfolio | 13.88% | 15.60% | 5.91% | 4.43% | -8.99% | 22.32% | 0.61% | 7.20% |
Correlation
The correlation between LZFIX and RALIX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.66 |
Over the past year, the correlation between LZFIX and RALIX has dropped to 0.37 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
LZFIX vs. RALIX — Risk / Return Rank
LZFIX
RALIX
LZFIX vs. RALIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Equity Franchise Portfolio (LZFIX) and Lazard Real Assets Portfolio (RALIX). 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 | RALIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.55 | ||
| Sortino ratioReturn per unit of downside risk | -3.39 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.43 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 3.91 | -4.04 |
| Martin ratioReturn relative to average drawdown | -0.22 | 12.04 | -12.26 |
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Drawdowns
LZFIX vs. RALIX - Drawdown Comparison
The maximum LZFIX drawdown since its inception was -41.91%, which is greater than RALIX's maximum drawdown of -24.00%. Use the drawdown chart below to compare losses from any high point for LZFIX and RALIX.
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Drawdown Indicators
| LZFIX | RALIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.91% | -24.00% | -17.91% |
Max Drawdown (1Y)Largest decline over 1 year | -19.87% | -5.46% | -14.41% |
Max Drawdown (3Y)Largest decline over 3 years | -21.51% | -9.72% | -11.79% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -22.03% | +0.34% |
Current DrawdownCurrent decline from peak | -7.45% | -1.22% | -6.23% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -5.70% | -1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 1.77% | +9.88% |
Volatility
LZFIX vs. RALIX - Volatility Comparison
Lazard Equity Franchise Portfolio (LZFIX) has a higher volatility of 7.71% compared to Lazard Real Assets Portfolio (RALIX) at 2.35%. This indicates that LZFIX's price experiences larger fluctuations and is considered to be riskier than RALIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZFIX | RALIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.71% | 2.35% | +5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 7.20% | +5.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.60% | 8.95% | +7.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.10% | 11.83% | +6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.12% | 11.15% | +9.97% |
LZFIX vs. RALIX - Expense Ratio Comparison
LZFIX has a 0.99% expense ratio, which is higher than RALIX's 0.80% expense ratio.
Dividends
LZFIX vs. RALIX - Dividend Comparison
LZFIX's dividend yield for the trailing twelve months is around 19.85%, more than RALIX's 8.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
RALIX Lazard Real Assets Portfolio | 8.43% | 7.04% | 3.07% | 2.93% | 7.65% | 11.84% | 3.93% | 2.24% | 5.27% | 1.69% |
Frequently Asked Questions
LZFIX and RALIX have a correlation of 0.37, 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 RALIX (2.35%). In terms of maximum drawdown, LZFIX dropped -41.91% vs RALIX's -24.00%.
RALIX currently has the higher Sharpe Ratio (2.40 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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