LZSCX vs. VSCIX
LZSCX (Lazard US Small-Mid Cap Equity Portfolio R6) and VSCIX (Vanguard Small-Cap Index Fund Institutional Shares) are both Small Cap Blend Equities funds. Over the past 10 years, LZSCX returned 8.83%/yr vs 11.07%/yr for VSCIX. Their 0.95 correlation means they have historically moved very closely together. LZSCX charges 0.94%/yr vs 0.03%/yr for VSCIX.
Performance
LZSCX vs. VSCIX - Performance Comparison
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Returns By Period
In the year-to-date period, LZSCX achieves a 16.48% return, which is significantly higher than VSCIX's 15.18% return. Over the past 10 years, LZSCX has underperformed VSCIX with an annualized return of 8.83%, while VSCIX has yielded a comparatively higher 11.07% annualized return.
LZSCX
- 1D
- 0.15%
- 1M
- -3.42%
- 6M
- 9.00%
- YTD
- 16.48%
- 1Y
- 29.41%
- 3Y*
- 11.49%
- 5Y*
- 5.78%
- 10Y*
- 8.83%
- ALL TIME*
- 9.45%
VSCIX
- 1D
- -0.24%
- 1M
- -1.80%
- 6M
- 9.27%
- YTD
- 15.18%
- 1Y
- 25.85%
- 3Y*
- 14.01%
- 5Y*
- 7.44%
- 10Y*
- 11.07%
- ALL TIME*
- 9.24%
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 |
LZSCX vs. VSCIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LZSCX Lazard US Small-Mid Cap Equity Portfolio R6 | 16.48% | 2.46% | 13.77% | 10.16% | -15.20% | 20.08% | 6.43% | 30.01% | -13.49% | 14.25% |
VSCIX Vanguard Small-Cap Index Fund Institutional Shares | 15.18% | 8.85% | 12.96% | 19.52% | -17.60% | 17.74% | 19.07% | 27.40% | -9.33% | 16.25% |
Correlation
The correlation between LZSCX and VSCIX is 0.94, 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. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.97 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 1997 | 0.95 |
The correlation between LZSCX and VSCIX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
LZSCX vs. VSCIX — Risk / Return Rank
LZSCX
VSCIX
LZSCX vs. VSCIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard US Small-Mid Cap Equity Portfolio R6 (LZSCX) and Vanguard Small-Cap Index Fund Institutional Shares (VSCIX). 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.
| LZSCX | VSCIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.13 | 2.67 | -0.54 |
| Martin ratioReturn relative to average drawdown | 7.61 | 9.78 | -2.18 |
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Drawdowns
LZSCX vs. VSCIX - Drawdown Comparison
The maximum LZSCX drawdown since its inception was -58.08%, roughly equal to the maximum VSCIX drawdown of -59.66%. Use the drawdown chart below to compare losses from any high point for LZSCX and VSCIX.
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Drawdown Indicators
| LZSCX | VSCIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.08% | -59.66% | +1.58% |
Max Drawdown (1Y)Largest decline over 1 year | -12.49% | -8.97% | -3.52% |
Max Drawdown (3Y)Largest decline over 3 years | -29.89% | -25.25% | -4.64% |
Max Drawdown (5Y)Largest decline over 5 years | -29.89% | -28.13% | -1.76% |
Max Drawdown (10Y)Largest decline over 10 years | -43.64% | -41.81% | -1.83% |
Current DrawdownCurrent decline from peak | -6.02% | -2.58% | -3.44% |
Average DrawdownAverage peak-to-trough decline | -9.01% | -10.07% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 2.44% | +1.06% |
Volatility
LZSCX vs. VSCIX - Volatility Comparison
Lazard US Small-Mid Cap Equity Portfolio R6 (LZSCX) has a higher volatility of 4.63% compared to Vanguard Small-Cap Index Fund Institutional Shares (VSCIX) at 3.29%. This indicates that LZSCX's price experiences larger fluctuations and is considered to be riskier than VSCIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZSCX | VSCIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 3.29% | +1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 15.41% | 11.97% | +3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.88% | 16.47% | +4.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.72% | 20.67% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.43% | 21.52% | +0.91% |
LZSCX vs. VSCIX - Expense Ratio Comparison
LZSCX has a 0.94% expense ratio, which is higher than VSCIX's 0.03% expense ratio.
Dividends
LZSCX vs. VSCIX - Dividend Comparison
LZSCX's dividend yield for the trailing twelve months is around 4.27%, more than VSCIX's 1.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LZSCX Lazard US Small-Mid Cap Equity Portfolio R6 | 4.27% | 4.98% | 17.48% | 8.00% | 4.28% | 15.21% | 0.57% | 3.22% | 17.28% | 12.69% | 2.37% | 6.80% |
VSCIX Vanguard Small-Cap Index Fund Institutional Shares | 1.23% | 1.34% | 1.31% | 1.55% | 1.55% | 1.25% | 1.15% | 1.40% | 1.68% | 1.36% | 1.50% | 1.49% |
Frequently Asked Questions
With a correlation of 0.94, LZSCX and VSCIX 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.
LZSCX has higher volatility (4.63%) compared to VSCIX (3.29%). In terms of maximum drawdown, LZSCX dropped -58.08% vs VSCIX's -59.66%.
VSCIX currently has the higher Sharpe Ratio (1.46 vs 1.28), 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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