LZSIX vs. LISIX

Last updated Jun 4, 2026

LZSIX (Lazard International Equity Select Portfolio R6) and LISIX (Lazard International Strategic Equity Portfolio R6) are both Foreign Large Cap Equities funds from Lazard. Over the past 10 years, LZSIX returned 6.86%/yr vs 7.47%/yr for LISIX. Their correlation of 0.95 suggests significant overlap in exposure. LZSIX charges 0.87%/yr vs 0.80%/yr for LISIX.

Performance

LZSIX vs. LISIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard International Equity Select Portfolio R6 (LZSIX) and Lazard International Strategic Equity Portfolio R6 (LISIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LZSIX achieves a 13.42% return, which is significantly higher than LISIX's 11.97% return. Over the past 10 years, LZSIX has underperformed LISIX with an annualized return of 6.86%, while LISIX has yielded a comparatively higher 7.47% annualized return.

LZSIX

• 1D: 0.62%
• 1M: 4.91%
• YTD: 13.42%
• 6M: 15.57%
• 1Y: 25.06%
• 3Y*: 14.59%
• 5Y*: 5.71%
• 10Y*: 6.86%

LISIX

• 1D: 0.41%
• 1M: 5.15%
• YTD: 11.97%
• 6M: 13.14%
• 1Y: 21.90%
• 3Y*: 14.01%
• 5Y*: 5.43%
• 10Y*: 7.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LZSIX vs. LISIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LZSIX Lazard International Equity Select Portfolio R6	13.42%	24.70%	2.11%	12.08%	-15.56%	3.27%	8.33%	20.32%	-14.54%	28.31%
LISIX Lazard International Strategic Equity Portfolio R6	11.97%	25.70%	-1.42%	17.08%	-16.89%	6.07%	10.58%	21.56%	-10.48%	27.87%

Correlation

The correlation between LZSIX and LISIX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Nov 1, 2005	0.95

The correlation between LZSIX and LISIX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

LZSIX vs. LISIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LZSIX

LZSIX Risk / Return Rank: 35
LZSIX Sharpe Ratio Rank: 36
LZSIX Sortino Ratio Rank: 35
LZSIX Omega Ratio Rank: 35
LZSIX Calmar Ratio Rank: 33
LZSIX Martin Ratio Rank: 38

LISIX

LISIX Risk / Return Rank: 25
LISIX Sharpe Ratio Rank: 24
LISIX Sortino Ratio Rank: 25
LISIX Omega Ratio Rank: 24
LISIX Calmar Ratio Rank: 22
LISIX Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LZSIX vs. LISIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard International Equity Select Portfolio R6 (LZSIX) 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.

	LZSIX	LISIX	Difference
Sharpe ratio: Return per unit of total volatility	1.74	1.40	+0.34
Sortino ratio: Return per unit of downside risk	2.46	2.09	+0.38
Omega ratio: Gain probability vs. loss probability	1.31	1.26	+0.06
Calmar ratio: Return relative to maximum drawdown	2.15	1.71	+0.45
Martin ratio: Return relative to average drawdown	8.27	6.85	+1.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LZSIX vs. LISIX - Sharpe Ratio Comparison

The current LZSIX Sharpe Ratio is 1.74, which is comparable to the LISIX Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of LZSIX and LISIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LZSIX	LISIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	1.40	+0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.31	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	0.43	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.35	-0.08

Drawdowns

LZSIX vs. LISIX - Drawdown Comparison

The maximum LZSIX drawdown since its inception was -55.86%, roughly equal to the maximum LISIX drawdown of -55.70%. Use the drawdown chart below to compare losses from any high point for LZSIX and LISIX.

Drawdown Indicators

	LZSIX	LISIX	Difference
Max Drawdown Largest peak-to-trough decline	-55.86%	-55.70%	-0.16%
Max Drawdown (1Y) Largest decline over 1 year	-11.29%	-12.28%	+0.99%
Max Drawdown (3Y) Largest decline over 3 years	-15.40%	-16.26%	+0.86%
Max Drawdown (5Y) Largest decline over 5 years	-28.56%	-32.52%	+3.96%
Max Drawdown (10Y) Largest decline over 10 years	-36.77%	-36.01%	-0.76%
Current Drawdown Current decline from peak	0.00%	-0.07%	+0.07%
Average Drawdown Average peak-to-trough decline	-11.71%	-10.49%	-1.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	3.06%	-0.12%

Volatility

LZSIX vs. LISIX - Volatility Comparison

The current volatility for Lazard International Equity Select Portfolio R6 (LZSIX) is 4.56%, while Lazard International Strategic Equity Portfolio R6 (LISIX) has a volatility of 5.76%. This indicates that LZSIX 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.

Volatility by Period

	LZSIX	LISIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	5.76%	-1.20%
Volatility (6M) Calculated over the trailing 6-month period	11.47%	12.80%	-1.33%
Volatility (1Y) Calculated over the trailing 1-year period	14.01%	15.02%	-1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.88%	17.58%	-2.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.83%	17.28%	-1.45%

LZSIX vs. LISIX - Expense Ratio Comparison

LZSIX has a 0.87% expense ratio, which is higher than LISIX's 0.80% expense ratio.

Dividends

LZSIX vs. LISIX - Dividend Comparison

LZSIX's dividend yield for the trailing twelve months is around 2.20%, less than LISIX's 25.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LISIX Lazard International Strategic Equity Portfolio R6	25.69%	28.77%	13.47%	1.46%	1.39%	8.82%	1.01%	1.85%	9.01%	1.30%	1.60%	1.16%
LZSIX Lazard International Equity Select Portfolio R6	2.20%	2.50%	1.74%	1.48%	2.22%	3.39%	0.98%	2.18%	3.22%	0.66%	1.15%	1.17%

Frequently Asked Questions

Can I hold both LZSIX and LISIX in my portfolio?

With a correlation of 0.94, LZSIX 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.

Which is riskier, LZSIX or LISIX?

LISIX has higher volatility (5.76%) compared to LZSIX (4.56%). In terms of maximum drawdown, LZSIX dropped -55.86% vs LISIX's -55.70%.

Which has better risk-adjusted returns?

LZSIX currently has the higher Sharpe Ratio (1.74 vs 1.40), 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.