RALIX vs. LZFIX
RALIX (Lazard Real Assets Portfolio) and LZFIX (Lazard Equity Franchise Portfolio) are both mutual funds - RALIX is a Global Allocation fund managed by Lazard, while LZFIX is a Large Cap Value Equities fund managed by Lazard. Over the past 5 years, RALIX returned 6.98%/yr vs 4.69%/yr for LZFIX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. RALIX charges 0.80%/yr vs 0.99%/yr for LZFIX.
Performance
RALIX vs. LZFIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RALIX achieves a 13.88% return, which is significantly higher than LZFIX's 5.14% return.
RALIX
- 1D
- 0.43%
- 1M
- 2.52%
- 6M
- 7.73%
- YTD
- 13.88%
- 1Y
- 22.53%
- 3Y*
- 12.25%
- 5Y*
- 6.98%
- 10Y*
- —
- ALL TIME*
- 6.94%
LZFIX
- 1D
- -2.07%
- 1M
- 6.92%
- 6M
- 7.07%
- YTD
- 5.14%
- 1Y
- -0.37%
- 3Y*
- 2.77%
- 5Y*
- 4.69%
- 10Y*
- —
- ALL TIME*
- 6.93%
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 |
RALIX vs. LZFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
RALIX Lazard Real Assets Portfolio | 13.88% | 15.60% | 5.91% | 4.43% | -8.99% | 22.32% | 0.61% | 7.20% |
LZFIX Lazard Equity Franchise Portfolio | 5.14% | 4.09% | -3.09% | 18.84% | -5.29% | 22.88% | 1.15% | 9.25% |
Correlation
The correlation between RALIX and LZFIX is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.62 |
Correlation (All Time) Calculated using the full available price history since May 14, 2019 | 0.66 |
Over the past year, the correlation between RALIX and LZFIX has dropped to 0.37 - well below their long-term average of 0.66, 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
RALIX vs. LZFIX — Risk / Return Rank
RALIX
LZFIX
RALIX vs. LZFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Real Assets Portfolio (RALIX) and Lazard Equity Franchise Portfolio (LZFIX). 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.
| RALIX | LZFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.55 | ||
| Sortino ratioReturn per unit of downside risk | +3.39 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.99 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | -0.13 | +4.04 |
| Martin ratioReturn relative to average drawdown | 12.04 | -0.22 | +12.26 |
Loading charts...
Drawdowns
RALIX vs. LZFIX - Drawdown Comparison
The maximum RALIX drawdown since its inception was -24.00%, smaller than the maximum LZFIX drawdown of -41.91%. Use the drawdown chart below to compare losses from any high point for RALIX and LZFIX.
Loading charts...
Drawdown Indicators
| RALIX | LZFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.00% | -41.91% | +17.91% |
Max Drawdown (1Y)Largest decline over 1 year | -5.46% | -19.87% | +14.41% |
Max Drawdown (3Y)Largest decline over 3 years | -9.72% | -21.51% | +11.79% |
Max Drawdown (5Y)Largest decline over 5 years | -22.03% | -21.69% | -0.34% |
Current DrawdownCurrent decline from peak | -1.22% | -7.45% | +6.23% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -7.15% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.77% | 11.65% | -9.88% |
Volatility
RALIX vs. LZFIX - Volatility Comparison
The current volatility for Lazard Real Assets Portfolio (RALIX) is 2.35%, while Lazard Equity Franchise Portfolio (LZFIX) has a volatility of 7.71%. This indicates that RALIX experiences smaller price fluctuations and is considered to be less risky than LZFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RALIX | LZFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.35% | 7.71% | -5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 7.20% | 13.18% | -5.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.95% | 16.60% | -7.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.83% | 18.10% | -6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.15% | 21.12% | -9.97% |
RALIX vs. LZFIX - Expense Ratio Comparison
RALIX has a 0.80% expense ratio, which is lower than LZFIX's 0.99% expense ratio.
Dividends
RALIX vs. LZFIX - Dividend Comparison
RALIX's dividend yield for the trailing twelve months is around 8.43%, less than LZFIX's 19.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
LZFIX Lazard Equity Franchise Portfolio | 19.85% | 20.87% | 14.95% | 8.68% | 12.81% | 15.59% | 1.12% | 5.78% | 0.00% | 0.00% |
RALIX Lazard Real Assets Portfolio | 8.43% | 7.04% | 3.07% | 2.93% | 7.65% | 11.84% | 3.93% | 2.24% | 5.27% | 1.69% |
Frequently Asked Questions
RALIX and LZFIX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LZFIX has higher volatility (7.71%) compared to RALIX (2.35%). In terms of maximum drawdown, RALIX dropped -24.00% vs LZFIX's -41.91%.
RALIX currently has the higher Sharpe Ratio (2.40 vs -0.16), 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 RALIX and LZFIX
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