LZIEX vs. PTSIX
LZIEX (Lazard International Equity Portfolio) and PTSIX (PIMCO RAE PLUS International Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, LZIEX returned 8.30%/yr vs 10.40%/yr for PTSIX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.82% expense ratio.
Performance
LZIEX vs. PTSIX - Performance Comparison
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Returns By Period
In the year-to-date period, LZIEX achieves a 11.20% return, which is significantly lower than PTSIX's 19.48% return. Over the past 10 years, LZIEX has underperformed PTSIX with an annualized return of 8.30%, while PTSIX has yielded a comparatively higher 10.40% 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%
PTSIX
- 1D
- 1.11%
- 1M
- 5.39%
- 6M
- 11.31%
- YTD
- 19.48%
- 1Y
- 36.12%
- 3Y*
- 19.10%
- 5Y*
- 11.21%
- 10Y*
- 10.40%
- ALL TIME*
- 9.55%
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. PTSIX - 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% |
PTSIX PIMCO RAE PLUS International Fund | 19.48% | 35.74% | 2.54% | 18.35% | -11.35% | 10.70% | 0.48% | 18.29% | -16.33% | 28.37% |
Correlation
The correlation between LZIEX and PTSIX is 0.66, 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. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2011 | 0.71 |
The correlation between LZIEX and PTSIX has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.
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Return for Risk
LZIEX vs. PTSIX — Risk / Return Rank
LZIEX
PTSIX
LZIEX vs. PTSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard International Equity Portfolio (LZIEX) and PIMCO RAE PLUS International Fund (PTSIX). 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 | PTSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.54 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 3.98 | -2.11 |
| Martin ratioReturn relative to average drawdown | 6.43 | 13.29 | -6.86 |
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Drawdowns
LZIEX vs. PTSIX - Drawdown Comparison
The maximum LZIEX drawdown since its inception was -55.35%, which is greater than PTSIX's maximum drawdown of -46.94%. Use the drawdown chart below to compare losses from any high point for LZIEX and PTSIX.
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Drawdown Indicators
| LZIEX | PTSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.35% | -46.94% | -8.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -9.12% | -2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -13.71% | -15.62% | +1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -30.42% | -29.41% | -1.01% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | -46.94% | +11.82% |
Current DrawdownCurrent decline from peak | -0.14% | 0.00% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -9.40% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 2.72% | +0.73% |
Volatility
LZIEX vs. PTSIX - Volatility Comparison
Lazard International Equity Portfolio (LZIEX) has a higher volatility of 4.17% compared to PIMCO RAE PLUS International Fund (PTSIX) at 3.48%. This indicates that LZIEX's price experiences larger fluctuations and is considered to be riskier than PTSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZIEX | PTSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 3.48% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 9.46% | +3.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.71% | 11.99% | +2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 15.00% | +0.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.90% | 15.80% | +0.10% |
LZIEX vs. PTSIX - Expense Ratio Comparison
Both LZIEX and PTSIX have an expense ratio of 0.82%.
Dividends
LZIEX vs. PTSIX - Dividend Comparison
LZIEX's dividend yield for the trailing twelve months is around 11.11%, more than PTSIX's 8.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PTSIX PIMCO RAE PLUS International Fund | 8.90% | 3.62% | 7.01% | 3.18% | 67.07% | 223.75% | 7.45% | 3.49% | 29.39% | 7.86% | 0.84% | 3.54% |
Frequently Asked Questions
LZIEX and PTSIX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LZIEX has higher volatility (4.17%) compared to PTSIX (3.48%). In terms of maximum drawdown, LZIEX dropped -55.35% vs PTSIX's -46.94%.
PTSIX currently has the higher Sharpe Ratio (3.03 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.
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