RB vs. SYZ

Last updated Jun 24, 2026

RB (ProShares Russell 2000 Dynamic Daily Buffer ETF) and SYZ (Lazard US Systematic Small Cap Equity ETF) are both exchange-traded funds - RB is a Defined Outcome fund tracking the Russell 2000, while SYZ is a Small Cap Blend Equities fund actively managed by Lazard. RB is passively managed, while SYZ is actively managed. A 0.76 correlation means they provide meaningful diversification when combined. RB charges 0.58%/yr vs 0.60%/yr for SYZ.

Performance

RB vs. SYZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Russell 2000 Dynamic Daily Buffer ETF (RB) and Lazard US Systematic Small Cap Equity ETF (SYZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RB achieves a 8.33% return, which is significantly lower than SYZ's 19.52% return.

RB

• 1D: -0.14%
• 1M: 1.83%
• YTD: 8.33%
• 6M: 8.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SYZ

• 1D: -0.80%
• 1M: 3.17%
• YTD: 19.52%
• 6M: 17.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RB vs. SYZ - Yearly Performance Comparison

	2026 (YTD)	2025
RB ProShares Russell 2000 Dynamic Daily Buffer ETF	8.33%	8.01%
SYZ Lazard US Systematic Small Cap Equity ETF	19.52%	0.54%

Correlation

The correlation between RB and SYZ is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025	0.76

Return for Risk

RB vs. SYZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Russell 2000 Dynamic Daily Buffer ETF (RB) and Lazard US Systematic Small Cap Equity ETF (SYZ). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

RB vs. SYZ - Drawdown Comparison

The maximum RB drawdown since its inception was -2.09%, smaller than the maximum SYZ drawdown of -8.00%. Use the drawdown chart below to compare losses from any high point for RB and SYZ.

Drawdown Indicators

	RB	SYZ	Difference
Max Drawdown Largest peak-to-trough decline	-2.09%	-8.00%	+5.91%
Current Drawdown Current decline from peak	-0.14%	-0.80%	+0.66%
Average Drawdown Average peak-to-trough decline	-0.43%	-2.01%	+1.58%

Volatility

Volatility by Period

	RB	SYZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	6.55%	16.89%	-10.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.55%	16.89%	-10.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.55%	16.89%	-10.34%

RB vs. SYZ - Expense Ratio Comparison

RB has a 0.58% expense ratio, which is lower than SYZ's 0.60% expense ratio.

Dividends

RB vs. SYZ - Dividend Comparison

RB's dividend yield for the trailing twelve months is around 1.97%, more than SYZ's 0.24% yield.

Position	TTM	2025
RB ProShares Russell 2000 Dynamic Daily Buffer ETF	1.97%	1.78%
SYZ Lazard US Systematic Small Cap Equity ETF	0.24%	0.00%

Frequently Asked Questions

Can I hold both RB and SYZ in my portfolio?

RB and SYZ have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RB or SYZ?

On fees, RB is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RB or SYZ?

RB is cheaper with a 0.58% expense ratio, compared with 0.60% for SYZ.

Which ETF pays a higher dividend yield, RB or SYZ?

RB has the higher dividend yield at 1.97%, compared with 0.24% for SYZ.

What is the main difference between RB and SYZ?

RB is categorized as Defined Outcome, while SYZ is Small Cap Blend Equities. They also come from different issuers: ProShares and Lazard. Their fees differ too: 0.58% for RB and 0.60% for SYZ.