LZSIX vs. LZIEX
LZSIX (Lazard International Equity Select Portfolio R6) and LZIEX (Lazard International Equity Portfolio) are both Foreign Large Cap Equities funds from Lazard. Over the past 10 years, LZSIX returned 7.03%/yr vs 8.52%/yr for LZIEX. Their correlation of 0.93 means they have usually moved in the same direction. LZSIX charges 0.87%/yr vs 0.82%/yr for LZIEX.
Performance
LZSIX vs. LZIEX - Performance Comparison
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Returns By Period
In the year-to-date period, LZSIX achieves a 15.99% return, which is significantly higher than LZIEX's 13.33% return. Over the past 10 years, LZSIX has underperformed LZIEX with an annualized return of 7.03%, while LZIEX has yielded a comparatively higher 8.52% annualized return.
LZSIX
- 1D
- 1.09%
- 1M
- 0.68%
- 6M
- 8.62%
- YTD
- 15.99%
- 1Y
- 26.31%
- 3Y*
- 14.90%
- 5Y*
- 6.64%
- 10Y*
- 7.03%
- ALL TIME*
- 5.02%
LZIEX
- 1D
- 1.58%
- 1M
- 1.77%
- 6M
- 5.67%
- YTD
- 13.33%
- 1Y
- 24.53%
- 3Y*
- 18.54%
- 5Y*
- 9.41%
- 10Y*
- 8.52%
- ALL TIME*
- 6.63%
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 |
LZSIX vs. LZIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LZSIX Lazard International Equity Select Portfolio R6 | 15.99% | 24.70% | 2.11% | 12.08% | -15.56% | 3.27% | 8.33% | 20.32% | -14.54% | 28.31% |
LZIEX Lazard International Equity Portfolio | 13.33% | 34.14% | 5.30% | 16.49% | -15.00% | 6.14% | 8.76% | 21.20% | -13.71% | 22.82% |
Correlation
The correlation between LZSIX and LZIEX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since May 30, 2001 | 0.93 |
The correlation between LZSIX and LZIEX has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
LZSIX vs. LZIEX — Risk / Return Rank
LZSIX
LZIEX
LZSIX vs. LZIEX - 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 Equity Portfolio (LZIEX). 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.
| LZSIX | LZIEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.06 | +0.29 |
| Martin ratioReturn relative to average drawdown | 8.96 | 7.09 | +1.87 |
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Drawdowns
LZSIX vs. LZIEX - Drawdown Comparison
The maximum LZSIX drawdown since its inception was -55.86%, roughly equal to the maximum LZIEX drawdown of -55.35%. Use the drawdown chart below to compare losses from any high point for LZSIX and LZIEX.
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Drawdown Indicators
| LZSIX | LZIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.86% | -55.35% | -0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -11.88% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -15.40% | -13.71% | -1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -27.92% | -30.42% | +2.50% |
Max Drawdown (10Y)Largest decline over 10 years | -36.77% | -35.12% | -1.65% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -11.64% | -11.18% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 3.45% | -0.49% |
Volatility
LZSIX vs. LZIEX - Volatility Comparison
Lazard International Equity Select Portfolio R6 (LZSIX) and Lazard International Equity Portfolio (LZIEX) have volatilities of 4.31% and 4.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LZSIX | LZIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 4.17% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 13.12% | 12.63% | +0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 14.78% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.12% | 15.91% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.67% | 15.92% | -0.25% |
LZSIX vs. LZIEX - Expense Ratio Comparison
LZSIX has a 0.87% expense ratio, which is higher than LZIEX's 0.82% expense ratio.
Dividends
LZSIX vs. LZIEX - Dividend Comparison
LZSIX's dividend yield for the trailing twelve months is around 2.16%, less than LZIEX's 10.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LZIEX Lazard International Equity Portfolio | 10.90% | 12.35% | 8.26% | 3.78% | 6.12% | 17.81% | 1.03% | 2.07% | 7.93% | 1.42% | 1.06% | 0.72% |
LZSIX Lazard International Equity Select Portfolio R6 | 2.16% | 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
With a correlation of 0.95, LZSIX and LZIEX 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.
LZSIX has higher volatility (4.31%) compared to LZIEX (4.17%). In terms of maximum drawdown, LZSIX dropped -55.86% vs LZIEX's -55.35%.
LZSIX currently has the higher Sharpe Ratio (1.75 vs 1.66), 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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