LZISX vs. OAKEX
LZISX (Lazard International Small Cap Equity Portfolio) and OAKEX (Oakmark International Small Cap Fund) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, LZISX returned 7.17%/yr vs 8.24%/yr for OAKEX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. LZISX charges 1.14%/yr vs 1.34%/yr for OAKEX.
Performance
LZISX vs. OAKEX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LZISX achieves a 18.32% return, which is significantly higher than OAKEX's 4.97% return. Over the past 10 years, LZISX has underperformed OAKEX with an annualized return of 7.17%, while OAKEX has yielded a comparatively higher 8.24% annualized return.
LZISX
- 1D
- 3.55%
- 1M
- -6.00%
- 6M
- 8.86%
- YTD
- 18.32%
- 1Y
- 26.20%
- 3Y*
- 16.73%
- 5Y*
- 4.72%
- 10Y*
- 7.17%
- ALL TIME*
- 6.87%
OAKEX
- 1D
- 1.23%
- 1M
- 6.92%
- 6M
- 3.84%
- YTD
- 4.97%
- 1Y
- 8.33%
- 3Y*
- 10.57%
- 5Y*
- 5.38%
- 10Y*
- 8.24%
- ALL TIME*
- 7.44%
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 |
LZISX vs. OAKEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LZISX Lazard International Small Cap Equity Portfolio | 18.32% | 35.95% | -3.68% | 11.59% | -26.34% | 12.36% | 13.45% | 25.49% | -24.90% | 36.67% |
OAKEX Oakmark International Small Cap Fund | 4.97% | 29.51% | -3.00% | 19.59% | -14.50% | 17.90% | 5.00% | 31.91% | -23.71% | 26.03% |
Correlation
The correlation between LZISX and OAKEX is 0.55, 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. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 1995 | 0.75 |
Over the past year, the correlation between LZISX and OAKEX has dropped to 0.55 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LZISX vs. OAKEX — Risk / Return Rank
LZISX
OAKEX
LZISX vs. OAKEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard International Small Cap Equity Portfolio (LZISX) and Oakmark International Small Cap Fund (OAKEX). 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.
| LZISX | OAKEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.09 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 0.41 | +1.70 |
| Martin ratioReturn relative to average drawdown | 7.16 | 1.13 | +6.03 |
Loading charts...
Drawdowns
LZISX vs. OAKEX - Drawdown Comparison
The maximum LZISX drawdown since its inception was -65.43%, smaller than the maximum OAKEX drawdown of -70.12%. Use the drawdown chart below to compare losses from any high point for LZISX and OAKEX.
Loading charts...
Drawdown Indicators
| LZISX | OAKEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.43% | -70.12% | +4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -12.57% | -17.18% | +4.61% |
Max Drawdown (3Y)Largest decline over 3 years | -15.88% | -17.18% | +1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -42.01% | -38.40% | -3.61% |
Max Drawdown (10Y)Largest decline over 10 years | -44.80% | -49.61% | +4.81% |
Current DrawdownCurrent decline from peak | -9.47% | -0.43% | -9.04% |
Average DrawdownAverage peak-to-trough decline | -14.73% | -13.45% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 6.26% | -2.56% |
Volatility
LZISX vs. OAKEX - Volatility Comparison
Lazard International Small Cap Equity Portfolio (LZISX) has a higher volatility of 7.67% compared to Oakmark International Small Cap Fund (OAKEX) at 4.14%. This indicates that LZISX's price experiences larger fluctuations and is considered to be riskier than OAKEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| LZISX | OAKEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.67% | 4.14% | +3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 17.74% | 12.06% | +5.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.48% | 15.16% | +6.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.02% | 17.73% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.04% | 18.29% | -1.25% |
LZISX vs. OAKEX - Expense Ratio Comparison
LZISX has a 1.14% expense ratio, which is lower than OAKEX's 1.34% expense ratio.
Dividends
LZISX vs. OAKEX - Dividend Comparison
LZISX's dividend yield for the trailing twelve months is around 1.62%, less than OAKEX's 5.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LZISX Lazard International Small Cap Equity Portfolio | 1.62% | 1.91% | 1.89% | 2.08% | 5.44% | 36.78% | 2.07% | 2.10% | 4.62% | 0.00% | 2.96% | 0.69% |
OAKEX Oakmark International Small Cap Fund | 5.00% | 5.24% | 6.38% | 1.83% | 1.89% | 0.61% | 1.87% | 0.21% | 8.93% | 3.64% | 3.09% | 5.06% |
Frequently Asked Questions
LZISX and OAKEX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LZISX has higher volatility (7.67%) compared to OAKEX (4.14%). In terms of maximum drawdown, LZISX dropped -65.43% vs OAKEX's -70.12%.
LZISX currently has the higher Sharpe Ratio (1.24 vs 0.47), 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.
Find the right allocation for LZISX and OAKEX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer