RALIX vs. GIMFX

Last updated Apr 1, 2026

Compare and contrast key facts about Lazard Real Assets Portfolio (RALIX) and GMO Implementation Fund (GIMFX).

RALIX is managed by Lazard. It was launched on Dec 29, 2016. GIMFX is managed by GMO. It was launched on Feb 29, 2012.

Performance

RALIX vs. GIMFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Real Assets Portfolio (RALIX) and GMO Implementation Fund (GIMFX). The values are adjusted to include any dividend payments, if applicable.

RALIX vs. GIMFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RALIX Lazard Real Assets Portfolio	7.89%	15.60%	5.91%	4.43%	-8.99%	22.32%	0.61%	16.07%	-7.59%	8.60%
GIMFX GMO Implementation Fund	4.96%	25.37%	2.67%	14.75%	-1.24%	4.05%	-7.25%	13.24%	-5.58%	13.55%

Returns By Period

In the year-to-date period, RALIX achieves a 7.89% return, which is significantly higher than GIMFX's 4.96% return.

RALIX

• 1D: 0.44%
• 1M: -4.28%
• YTD: 7.89%
• 6M: 11.43%
• 1Y: 18.18%
• 3Y*: 11.26%
• 5Y*: 8.13%
• 10Y*: —

GIMFX

• 1D: 0.25%
• 1M: -5.36%
• YTD: 4.96%
• 6M: 11.65%
• 1Y: 25.30%
• 3Y*: 14.62%
• 5Y*: 8.53%
• 10Y*: 6.46%

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

RALIX vs. GIMFX - Expense Ratio Comparison

RALIX has a 0.80% expense ratio, which is higher than GIMFX's 0.02% expense ratio.

RALIX

Lazard Real Assets Portfolio

GIMFX

GMO Implementation Fund

Return for Risk

RALIX vs. GIMFX — Risk / Return Rank

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

RALIX

RALIX Risk / Return Rank: 86
RALIX Sharpe Ratio Rank: 86
RALIX Sortino Ratio Rank: 83
RALIX Omega Ratio Rank: 85
RALIX Calmar Ratio Rank: 82
RALIX Martin Ratio Rank: 91

GIMFX

GIMFX Risk / Return Rank: 96
GIMFX Sharpe Ratio Rank: 98
GIMFX Sortino Ratio Rank: 97
GIMFX Omega Ratio Rank: 96
GIMFX Calmar Ratio Rank: 96
GIMFX Martin Ratio Rank: 96

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.

RALIX vs. GIMFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Real Assets Portfolio (RALIX) and GMO Implementation Fund (GIMFX). 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.

	RALIX	GIMFX	Difference
Sharpe ratio Return per unit of total volatility	1.69	2.85	-1.15
Sortino ratio Return per unit of downside risk	2.18	3.70	-1.52
Omega ratio Gain probability vs. loss probability	1.35	1.57	-0.22
Calmar ratio Return relative to maximum drawdown	2.01	3.48	-1.48
Martin ratio Return relative to average drawdown	10.58	13.93	-3.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RALIX vs. GIMFX - Sharpe Ratio Comparison

The current RALIX Sharpe Ratio is 1.69, which is lower than the GIMFX Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of RALIX and GIMFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RALIX	GIMFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	2.85	-1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	1.01	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.64	-0.05

Correlation

The correlation between RALIX and GIMFX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

RALIX vs. GIMFX - Dividend Comparison

RALIX's dividend yield for the trailing twelve months is around 8.17%, more than GIMFX's 4.07% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
RALIX Lazard Real Assets Portfolio	8.17%	7.04%	3.07%	2.93%	7.65%	11.84%	3.93%	2.24%	5.27%	1.69%	0.00%
GIMFX GMO Implementation Fund	4.07%	4.28%	3.39%	5.93%	3.59%	3.28%	2.25%	3.99%	4.59%	2.95%	1.98%

Drawdowns

RALIX vs. GIMFX - Drawdown Comparison

The maximum RALIX drawdown since its inception was -24.00%, smaller than the maximum GIMFX drawdown of -25.87%. Use the drawdown chart below to compare losses from any high point for RALIX and GIMFX.

Drawdown Indicators

	RALIX	GIMFX	Difference
Max Drawdown Largest peak-to-trough decline	-24.00%	-25.87%	+1.87%
Max Drawdown (1Y) Largest decline over 1 year	-9.39%	-6.79%	-2.60%
Max Drawdown (5Y) Largest decline over 5 years	-22.03%	-14.02%	-8.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-25.87%	—
Current Drawdown Current decline from peak	-4.28%	-5.36%	+1.08%
Average Drawdown Average peak-to-trough decline	-5.85%	-4.33%	-1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	1.75%	+0.03%

Volatility

RALIX vs. GIMFX - Volatility Comparison

The current volatility for Lazard Real Assets Portfolio (RALIX) is 2.88%, while GMO Implementation Fund (GIMFX) has a volatility of 3.70%. This indicates that RALIX experiences smaller price fluctuations and is considered to be less risky than GIMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RALIX	GIMFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.88%	3.70%	-0.82%
Volatility (6M) Calculated over the trailing 6-month period	6.40%	5.81%	+0.59%
Volatility (1Y) Calculated over the trailing 1-year period	11.13%	8.81%	+2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.76%	8.46%	+3.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.20%	8.93%	+2.27%