LZIEX vs. CAIBX

Last updated Aug 1, 2026

LZIEX (Lazard International Equity Portfolio) and CAIBX (American Funds Capital Income Builder Class A) are both mutual funds - LZIEX is a Foreign Large Cap Equities fund managed by Lazard, while CAIBX is a Diversified Portfolio fund actively managed by American Funds. Over the past 10 years, LZIEX returned 8.30%/yr vs 7.92%/yr for CAIBX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. LZIEX charges 0.82%/yr vs 0.58%/yr for CAIBX.

Performance

LZIEX vs. CAIBX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard International Equity Portfolio (LZIEX) and American Funds Capital Income Builder Class A (CAIBX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LZIEX achieves a 11.20% return, which is significantly higher than CAIBX's 10.38% return. Both investments have delivered pretty close results over the past 10 years, with LZIEX having a 8.30% annualized return and CAIBX not far behind at 7.92%.

LZIEX

• 1D: 2.26%
• 1M: 0.97%
• 6M: 4.88%
• YTD: 11.20%
• 1Y: 23.47%
• 3Y*: 16.65%
• 5Y*: 9.24%
• 10Y*: 8.30%
• ALL TIME*: 6.58%

CAIBX

• 1D: 0.76%
• 1M: 1.60%
• 6M: 6.96%
• YTD: 10.38%
• 1Y: 18.83%
• 3Y*: 14.73%
• 5Y*: 9.15%
• 10Y*: 7.92%
• ALL TIME*: 9.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CAIBX American Funds Capital Income Builder Class A	$0.00	$0.00	$0.00
LZIEX Lazard International Equity Portfolio	$0.00	$0.00	$0.00

LZIEX vs. CAIBX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LZIEX Lazard International Equity Portfolio	11.20%	34.14%	5.30%	16.49%	-15.00%	6.14%	8.76%	21.20%	-13.71%	22.82%
CAIBX American Funds Capital Income Builder Class A	10.38%	20.39%	10.24%	8.95%	-7.14%	14.99%	3.20%	17.23%	-7.28%	13.99%

Correlation

The correlation between LZIEX and CAIBX is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.82
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (10Y) Provides a long-term view across more market conditions.	0.86
Correlation (All Time) Calculated using the full available price history since Oct 29, 1991	0.76

The correlation between LZIEX and CAIBX shifts across timeframes, from 0.76 (all time) to 0.86 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

LZIEX vs. CAIBX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LZIEX

LZIEX Risk / Return Rank: 54
LZIEX Sharpe Ratio Rank: 61
LZIEX Sortino Ratio Rank: 59
LZIEX Omega Ratio Rank: 58
LZIEX Calmar Ratio Rank: 50
LZIEX Martin Ratio Rank: 44

CAIBX

CAIBX Risk / Return Rank: 86
CAIBX Sharpe Ratio Rank: 88
CAIBX Sortino Ratio Rank: 86
CAIBX Omega Ratio Rank: 85
CAIBX Calmar Ratio Rank: 83
CAIBX Martin Ratio Rank: 87

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LZIEX vs. CAIBX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard International Equity Portfolio (LZIEX) and American Funds Capital Income Builder Class A (CAIBX). 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.

	LZIEX	CAIBX	Difference
Sharpe ratio: Return per unit of total volatility	1.51	2.16	-0.65
Sortino ratio: Return per unit of downside risk	2.12	3.10	-0.98
Omega ratio: Gain probability vs. loss probability	1.27	1.41	-0.13
Calmar ratio: Return relative to maximum drawdown	1.87	2.74	-0.87
Martin ratio: Return relative to average drawdown	6.43	10.94	-4.51

LZIEX vs. CAIBX - Sharpe Ratio Comparison

The current LZIEX Sharpe Ratio is 1.51, which is lower than the CAIBX Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of LZIEX and CAIBX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LZIEX vs. CAIBX - Drawdown Comparison

The maximum LZIEX drawdown since its inception was -55.35%, which is greater than CAIBX's maximum drawdown of -43.68%. Use the drawdown chart below to compare losses from any high point for LZIEX and CAIBX.

Drawdown Indicators

	LZIEX	CAIBX	Difference
Max Drawdown Largest peak-to-trough decline	-55.35%	-43.68%	-11.67%
Max Drawdown (1Y) Largest decline over 1 year	-11.88%	-6.47%	-5.41%
Max Drawdown (3Y) Largest decline over 3 years	-13.71%	-8.89%	-4.82%
Max Drawdown (5Y) Largest decline over 5 years	-30.42%	-17.65%	-12.77%
Max Drawdown (10Y) Largest decline over 10 years	-35.12%	-25.28%	-9.84%
Current Drawdown Current decline from peak	-0.14%	0.00%	-0.14%
Average Drawdown Average peak-to-trough decline	-11.19%	-3.79%	-7.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	1.62%	+1.83%

Volatility

LZIEX vs. CAIBX - Volatility Comparison

Lazard International Equity Portfolio (LZIEX) has a higher volatility of 4.17% compared to American Funds Capital Income Builder Class A (CAIBX) at 1.97%. This indicates that LZIEX's price experiences larger fluctuations and is considered to be riskier than CAIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LZIEX	CAIBX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	1.97%	+2.20%
Volatility (6M) Calculated over the trailing 6-month period	12.50%	6.56%	+5.94%
Volatility (1Y) Calculated over the trailing 1-year period	14.71%	8.20%	+6.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.89%	9.98%	+5.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.90%	10.77%	+5.13%

LZIEX vs. CAIBX - Expense Ratio Comparison

LZIEX has a 0.82% expense ratio, which is higher than CAIBX's 0.58% expense ratio.

Dividends

LZIEX vs. CAIBX - Dividend Comparison

LZIEX's dividend yield for the trailing twelve months is around 11.11%, more than CAIBX's 7.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAIBX American Funds Capital Income Builder Class A	7.11%	7.71%	5.76%	3.47%	3.43%	3.14%	3.38%	4.10%	3.55%	4.44%	3.52%	3.62%
LZIEX Lazard International Equity Portfolio	11.11%	12.35%	8.26%	3.78%	6.12%	17.81%	1.03%	2.07%	7.93%	1.42%	1.06%	0.72%

Frequently Asked Questions

Can I hold both LZIEX and CAIBX in my portfolio?

LZIEX and CAIBX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LZIEX or CAIBX?

LZIEX has higher volatility (4.17%) compared to CAIBX (1.97%). In terms of maximum drawdown, LZIEX dropped -55.35% vs CAIBX's -43.68%.

Which has better risk-adjusted returns?

CAIBX currently has the higher Sharpe Ratio (2.16 vs 1.51), 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.