LZFIX vs. TWEIX
LZFIX (Lazard Equity Franchise Portfolio) and TWEIX (American Century Equity Income Fund) are both mutual funds - LZFIX is a Large Cap Value Equities fund managed by Lazard, while TWEIX is a Dividend fund managed by American Century. Over the past 5 years, LZFIX returned 4.56%/yr vs 7.98%/yr for TWEIX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. LZFIX charges 0.99%/yr vs 0.94%/yr for TWEIX.
Performance
LZFIX vs. TWEIX - 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 TWEIX's 13.18% 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%
TWEIX
- 1D
- 0.00%
- 1M
- 2.27%
- 6M
- 8.31%
- YTD
- 13.18%
- 1Y
- 19.64%
- 3Y*
- 11.74%
- 5Y*
- 7.98%
- 10Y*
- 8.99%
- ALL TIME*
- 10.15%
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. TWEIX - 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% |
TWEIX American Century Equity Income Fund | 13.18% | 11.84% | 10.51% | 3.92% | -3.06% | 16.83% | 1.10% | 12.24% |
Correlation
The correlation between LZFIX and TWEIX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.77 |
Over the past year, the correlation between LZFIX and TWEIX has dropped to 0.56 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
LZFIX vs. TWEIX — Risk / Return Rank
LZFIX
TWEIX
LZFIX vs. TWEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Equity Franchise Portfolio (LZFIX) and American Century Equity Income Fund (TWEIX). 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 | TWEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -3.37 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.39 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.96 | -3.01 |
| Martin ratioReturn relative to average drawdown | -0.08 | 9.77 | -9.85 |
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Drawdowns
LZFIX vs. TWEIX - Drawdown Comparison
The maximum LZFIX drawdown since its inception was -41.91%, which is greater than TWEIX's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for LZFIX and TWEIX.
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Drawdown Indicators
| LZFIX | TWEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.91% | -39.30% | -2.61% |
Max Drawdown (1Y)Largest decline over 1 year | -19.87% | -6.43% | -13.44% |
Max Drawdown (3Y)Largest decline over 3 years | -21.51% | -10.16% | -11.35% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -13.69% | -8.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.82% | — |
Current DrawdownCurrent decline from peak | -8.06% | -0.63% | -7.43% |
Average DrawdownAverage peak-to-trough decline | -7.15% | -4.14% | -3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 1.94% | +9.71% |
Volatility
LZFIX vs. TWEIX - Volatility Comparison
Lazard Equity Franchise Portfolio (LZFIX) has a higher volatility of 7.38% compared to American Century Equity Income Fund (TWEIX) at 2.85%. This indicates that LZFIX's price experiences larger fluctuations and is considered to be riskier than TWEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZFIX | TWEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 2.85% | +4.53% |
Volatility (6M)Calculated over the trailing 6-month period | 13.19% | 6.56% | +6.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.52% | 8.58% | +7.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.09% | 10.74% | +7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.12% | 13.32% | +7.80% |
LZFIX vs. TWEIX - Expense Ratio Comparison
LZFIX has a 0.99% expense ratio, which is higher than TWEIX's 0.94% expense ratio.
Dividends
LZFIX vs. TWEIX - Dividend Comparison
LZFIX's dividend yield for the trailing twelve months is around 19.99%, more than TWEIX's 9.31% 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% |
TWEIX American Century Equity Income Fund | 9.31% | 10.35% | 11.51% | 8.02% | 8.76% | 6.83% | 2.00% | 7.38% | 8.79% | 11.95% | 7.88% | 10.49% |
Frequently Asked Questions
LZFIX and TWEIX have a correlation of 0.56, 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 TWEIX (2.85%). In terms of maximum drawdown, LZFIX dropped -41.91% vs TWEIX's -39.30%.
TWEIX currently has the higher Sharpe Ratio (2.23 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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