LZIEX vs. LISIX
LZIEX (Lazard International Equity Portfolio) and LISIX (Lazard International Strategic Equity Portfolio R6) are both Foreign Large Cap Equities funds from Lazard. Over the past 10 years, LZIEX returned 8.30%/yr vs 7.49%/yr for LISIX. Their 0.97 correlation means they have historically moved very closely together. LZIEX charges 0.82%/yr vs 0.80%/yr for LISIX.
Performance
LZIEX vs. LISIX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with LZIEX having a 11.20% return and LISIX slightly lower at 10.98%. Over the past 10 years, LZIEX has outperformed LISIX with an annualized return of 8.30%, while LISIX has yielded a comparatively lower 7.49% annualized return.
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%
LISIX
- 1D
- 3.48%
- 1M
- -1.09%
- 6M
- 5.28%
- YTD
- 10.98%
- 1Y
- 18.01%
- 3Y*
- 12.49%
- 5Y*
- 5.55%
- 10Y*
- 7.49%
- ALL TIME*
- 6.65%
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 |
LZIEX vs. LISIX - 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% |
LISIX Lazard International Strategic Equity Portfolio R6 | 10.98% | 25.70% | -1.42% | 17.08% | -16.89% | 6.07% | 10.58% | 21.56% | -10.48% | 27.87% |
Correlation
The correlation between LZIEX and LISIX is 0.93, 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. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2005 | 0.97 |
The correlation between LZIEX and LISIX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
LZIEX vs. LISIX — Risk / Return Rank
LZIEX
LISIX
LZIEX vs. LISIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard International Equity Portfolio (LZIEX) and Lazard International Strategic Equity Portfolio R6 (LISIX). 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 | LISIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.19 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 1.38 | +0.49 |
| Martin ratioReturn relative to average drawdown | 6.43 | 5.31 | +1.12 |
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Drawdowns
LZIEX vs. LISIX - Drawdown Comparison
The maximum LZIEX drawdown since its inception was -55.35%, roughly equal to the maximum LISIX drawdown of -55.70%. Use the drawdown chart below to compare losses from any high point for LZIEX and LISIX.
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Drawdown Indicators
| LZIEX | LISIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.35% | -55.70% | +0.35% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -12.28% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -13.71% | -16.26% | +2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -30.42% | -32.52% | +2.10% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | -36.01% | +0.89% |
Current DrawdownCurrent decline from peak | -0.14% | -2.61% | +2.47% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -10.42% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 3.18% | +0.27% |
Volatility
LZIEX vs. LISIX - Volatility Comparison
The current volatility for Lazard International Equity Portfolio (LZIEX) is 4.17%, while Lazard International Strategic Equity Portfolio R6 (LISIX) has a volatility of 5.93%. This indicates that LZIEX experiences smaller price fluctuations and is considered to be less risky than LISIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZIEX | LISIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 5.93% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 15.24% | -2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.71% | 16.98% | -2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 17.91% | -2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.90% | 17.20% | -1.30% |
LZIEX vs. LISIX - Expense Ratio Comparison
LZIEX has a 0.82% expense ratio, which is higher than LISIX's 0.80% expense ratio.
Dividends
LZIEX vs. LISIX - Dividend Comparison
LZIEX's dividend yield for the trailing twelve months is around 11.11%, less than LISIX's 25.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LISIX Lazard International Strategic Equity Portfolio R6 | 25.92% | 28.77% | 13.47% | 1.46% | 1.39% | 8.82% | 1.01% | 1.85% | 9.01% | 1.30% | 1.60% | 1.16% |
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
With a correlation of 0.93, LZIEX and LISIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
LISIX has higher volatility (5.93%) compared to LZIEX (4.17%). In terms of maximum drawdown, LZIEX dropped -55.35% vs LISIX's -55.70%.
LZIEX currently has the higher Sharpe Ratio (1.51 vs 1.00), 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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