LZFIX vs. UMNIX
Compare and contrast key facts about Lazard Equity Franchise Portfolio (LZFIX) and Lazard US Short Duration Fixed Income Portfolio (UMNIX).
LZFIX is managed by Lazard. It was launched on Sep 29, 2017. UMNIX is managed by Lazard. It was launched on Feb 28, 2011.
Performance
LZFIX vs. UMNIX - Performance Comparison
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LZFIX vs. UMNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LZFIX Lazard Equity Franchise Portfolio | -8.06% | 4.09% | -3.09% | 18.84% | -5.29% | 22.88% | 1.15% | 9.25% |
UMNIX Lazard US Short Duration Fixed Income Portfolio | 0.15% | 5.02% | 3.88% | 3.53% | -2.72% | -0.44% | 2.47% | 2.14% |
Returns By Period
In the year-to-date period, LZFIX achieves a -8.06% return, which is significantly lower than UMNIX's 0.15% return.
LZFIX
- 1D
- 2.16%
- 1M
- -6.76%
- YTD
- -8.06%
- 6M
- -14.08%
- 1Y
- -10.52%
- 3Y*
- 0.66%
- 5Y*
- 3.30%
- 10Y*
- —
UMNIX
- 1D
- 0.10%
- 1M
- -0.52%
- YTD
- 0.15%
- 6M
- 1.03%
- 1Y
- 3.21%
- 3Y*
- 3.76%
- 5Y*
- 1.84%
- 10Y*
- 1.74%
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LZFIX vs. UMNIX - Expense Ratio Comparison
LZFIX has a 0.99% expense ratio, which is higher than UMNIX's 0.40% expense ratio.
Return for Risk
LZFIX vs. UMNIX — Risk / Return Rank
LZFIX
UMNIX
LZFIX vs. UMNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Equity Franchise Portfolio (LZFIX) and Lazard US Short Duration Fixed Income Portfolio (UMNIX). 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.
| LZFIX | UMNIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.66 | 1.71 | -2.37 |
Sortino ratioReturn per unit of downside risk | -0.83 | 2.91 | -3.74 |
Omega ratioGain probability vs. loss probability | 0.90 | 1.39 | -0.49 |
Calmar ratioReturn relative to maximum drawdown | -0.48 | 3.42 | -3.90 |
Martin ratioReturn relative to average drawdown | -1.07 | 10.72 | -11.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LZFIX | UMNIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | 1.71 | -2.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.95 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 1.02 | -0.78 |
Correlation
The correlation between LZFIX and UMNIX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
LZFIX vs. UMNIX - Dividend Comparison
LZFIX's dividend yield for the trailing twelve months is around 22.70%, more than UMNIX's 3.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LZFIX Lazard Equity Franchise Portfolio | 22.70% | 20.87% | 14.95% | 8.68% | 12.81% | 15.59% | 1.12% | 5.78% | 0.00% | 0.00% | 0.00% | 0.00% |
UMNIX Lazard US Short Duration Fixed Income Portfolio | 3.27% | 3.94% | 3.48% | 2.70% | 1.30% | 0.16% | 1.22% | 2.48% | 2.00% | 1.53% | 1.30% | 1.06% |
Drawdowns
LZFIX vs. UMNIX - Drawdown Comparison
The maximum LZFIX drawdown since its inception was -41.91%, which is greater than UMNIX's maximum drawdown of -4.13%. Use the drawdown chart below to compare losses from any high point for LZFIX and UMNIX.
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Drawdown Indicators
| LZFIX | UMNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.91% | -4.13% | -37.78% |
Max Drawdown (1Y)Largest decline over 1 year | -21.51% | -1.04% | -20.47% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -4.06% | -17.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -4.13% | — |
Current DrawdownCurrent decline from peak | -19.06% | -0.72% | -18.34% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -0.85% | -5.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.76% | 0.33% | +9.43% |
Volatility
LZFIX vs. UMNIX - Volatility Comparison
Lazard Equity Franchise Portfolio (LZFIX) has a higher volatility of 4.70% compared to Lazard US Short Duration Fixed Income Portfolio (UMNIX) at 0.50%. This indicates that LZFIX's price experiences larger fluctuations and is considered to be riskier than UMNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZFIX | UMNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 0.50% | +4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 10.82% | 1.22% | +9.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 1.91% | +14.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.66% | 1.94% | +15.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.23% | 1.53% | +19.70% |