LZIEX vs. VIHAX
LZIEX (Lazard International Equity Portfolio) and VIHAX (Vanguard International High Dividend Yield Index Fund Admiral Shares) are both mutual funds - LZIEX is a Foreign Large Cap Equities fund managed by Lazard, while VIHAX is a Large Cap Value Equities fund tracking the FTSE All-World ex US High Dividend Yield Index. Over the past 10 years, LZIEX returned 8.30%/yr vs 11.25%/yr for VIHAX. Their correlation of 0.91 means they have usually moved in the same direction. LZIEX charges 0.82%/yr vs 0.16%/yr for VIHAX.
Performance
LZIEX vs. VIHAX - 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 VIHAX's 18.05% return. Over the past 10 years, LZIEX has underperformed VIHAX with an annualized return of 8.30%, while VIHAX has yielded a comparatively higher 11.25% 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%
VIHAX
- 1D
- 2.01%
- 1M
- 4.98%
- 6M
- 11.54%
- YTD
- 18.05%
- 1Y
- 35.31%
- 3Y*
- 21.69%
- 5Y*
- 14.15%
- 10Y*
- 11.25%
- ALL TIME*
- 11.29%
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. VIHAX - 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% |
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares | 18.05% | 38.01% | 6.96% | 16.81% | -6.88% | 15.01% | -0.73% | 20.03% | -12.38% | 22.40% |
Correlation
The correlation between LZIEX and VIHAX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2016 | 0.91 |
The correlation between LZIEX and VIHAX has been stable across timeframes, ranging from 0.89 to 0.91 - a consistent structural relationship.
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Return for Risk
LZIEX vs. VIHAX — Risk / Return Rank
LZIEX
VIHAX
LZIEX vs. VIHAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard International Equity Portfolio (LZIEX) and Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX). 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 | VIHAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.52 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 3.62 | -1.75 |
| Martin ratioReturn relative to average drawdown | 6.43 | 13.83 | -7.40 |
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Drawdowns
LZIEX vs. VIHAX - Drawdown Comparison
The maximum LZIEX drawdown since its inception was -55.35%, which is greater than VIHAX's maximum drawdown of -38.80%. Use the drawdown chart below to compare losses from any high point for LZIEX and VIHAX.
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Drawdown Indicators
| LZIEX | VIHAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.35% | -38.80% | -16.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -9.53% | -2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -13.71% | -12.29% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | -30.42% | -23.92% | -6.50% |
Max Drawdown (10Y)Largest decline over 10 years | -35.12% | -38.80% | +3.68% |
Current DrawdownCurrent decline from peak | -0.14% | 0.00% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -5.94% | -5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.45% | 2.49% | +0.96% |
Volatility
LZIEX vs. VIHAX - Volatility Comparison
Lazard International Equity Portfolio (LZIEX) has a higher volatility of 4.17% compared to Vanguard International High Dividend Yield Index Fund Admiral Shares (VIHAX) at 3.47%. This indicates that LZIEX's price experiences larger fluctuations and is considered to be riskier than VIHAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZIEX | VIHAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 3.47% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 12.50% | 10.27% | +2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.71% | 12.15% | +2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.89% | 13.77% | +2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.90% | 15.55% | +0.35% |
LZIEX vs. VIHAX - Expense Ratio Comparison
LZIEX has a 0.82% expense ratio, which is higher than VIHAX's 0.16% expense ratio.
Dividends
LZIEX vs. VIHAX - Dividend Comparison
LZIEX's dividend yield for the trailing twelve months is around 11.11%, more than VIHAX's 3.43% 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% |
VIHAX Vanguard International High Dividend Yield Index Fund Admiral Shares | 3.43% | 3.69% | 4.85% | 4.58% | 4.70% | 4.30% | 3.22% | 5.63% | 4.28% | 3.16% | 2.37% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, LZIEX and VIHAX 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.
LZIEX has higher volatility (4.17%) compared to VIHAX (3.47%). In terms of maximum drawdown, LZIEX dropped -55.35% vs VIHAX's -38.80%.
VIHAX currently has the higher Sharpe Ratio (2.85 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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