RLEMX vs. GLIFX
RLEMX (Lazard Emerging Markets Equity Portfolio Class R6) and GLIFX (Lazard Global Listed Infrastructure Portfolio Institutional Shares) are both mutual funds - RLEMX is a Emerging Markets Equities fund actively managed by Lazard, while GLIFX is a Infrastructure Equities fund managed by Lazard. Over the past 10 years, RLEMX returned 10.12%/yr vs 9.90%/yr for GLIFX. At a 0.41 correlation, their price movements are largely independent. RLEMX charges 1.38%/yr vs 0.97%/yr for GLIFX.
Performance
RLEMX vs. GLIFX - Performance Comparison
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Returns By Period
In the year-to-date period, RLEMX achieves a 24.08% return, which is significantly higher than GLIFX's 7.68% return. Both investments have delivered pretty close results over the past 10 years, with RLEMX having a 10.12% annualized return and GLIFX not far behind at 9.90%.
RLEMX
- 1D
- -0.74%
- 1M
- 2.70%
- 6M
- 14.58%
- YTD
- 24.08%
- 1Y
- 41.56%
- 3Y*
- 26.16%
- 5Y*
- 14.10%
- 10Y*
- 10.12%
- ALL TIME*
- 11.58%
GLIFX
- 1D
- -0.26%
- 1M
- -1.64%
- 6M
- 5.87%
- YTD
- 7.68%
- 1Y
- 14.18%
- 3Y*
- 13.35%
- 5Y*
- 10.89%
- 10Y*
- 9.90%
- ALL TIME*
- 10.87%
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 |
RLEMX vs. GLIFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RLEMX Lazard Emerging Markets Equity Portfolio Class R6 | 24.08% | 41.38% | 7.60% | 22.42% | -14.86% | 5.43% | -0.02% | 17.99% | -18.11% | 28.02% |
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 7.68% | 23.85% | 6.71% | 10.89% | -1.33% | 19.91% | -4.51% | 22.27% | -3.82% | 20.77% |
Correlation
The correlation between RLEMX and GLIFX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.42 |
Over the past year, the correlation between RLEMX and GLIFX has dropped to 0.15 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
RLEMX vs. GLIFX — Risk / Return Rank
RLEMX
GLIFX
RLEMX vs. GLIFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard Emerging Markets Equity Portfolio Class R6 (RLEMX) and Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX). 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.
| RLEMX | GLIFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.23 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.03 | 1.53 | +2.50 |
| Martin ratioReturn relative to average drawdown | 13.71 | 4.29 | +9.42 |
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Drawdowns
RLEMX vs. GLIFX - Drawdown Comparison
The maximum RLEMX drawdown since its inception was -44.12%, which is greater than GLIFX's maximum drawdown of -29.65%. Use the drawdown chart below to compare losses from any high point for RLEMX and GLIFX.
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Drawdown Indicators
| RLEMX | GLIFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.12% | -29.65% | -14.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.41% | -9.00% | -1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -14.25% | -10.02% | -4.23% |
Max Drawdown (5Y)Largest decline over 5 years | -29.17% | -17.15% | -12.02% |
Max Drawdown (10Y)Largest decline over 10 years | -44.12% | -29.65% | -14.47% |
Current DrawdownCurrent decline from peak | -2.25% | -5.48% | +3.23% |
Average DrawdownAverage peak-to-trough decline | -10.38% | -3.37% | -7.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 3.21% | -0.16% |
Volatility
RLEMX vs. GLIFX - Volatility Comparison
Lazard Emerging Markets Equity Portfolio Class R6 (RLEMX) has a higher volatility of 4.74% compared to Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) at 3.06%. This indicates that RLEMX's price experiences larger fluctuations and is considered to be riskier than GLIFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RLEMX | GLIFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 3.06% | +1.68% |
Volatility (6M)Calculated over the trailing 6-month period | 12.78% | 9.49% | +3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.70% | 10.89% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.58% | 11.00% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 13.18% | +3.19% |
RLEMX vs. GLIFX - Expense Ratio Comparison
RLEMX has a 1.38% expense ratio, which is higher than GLIFX's 0.97% expense ratio.
Dividends
RLEMX vs. GLIFX - Dividend Comparison
RLEMX's dividend yield for the trailing twelve months is around 1.65%, less than GLIFX's 7.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares | 7.29% | 6.22% | 4.26% | 2.95% | 14.81% | 6.21% | 2.59% | 4.44% | 14.29% | 6.94% | 1.91% | 11.33% |
RLEMX Lazard Emerging Markets Equity Portfolio Class R6 | 1.65% | 2.05% | 3.10% | 3.76% | 5.92% | 4.89% | 2.11% | 2.45% | 2.10% | 1.99% | 1.48% | 0.00% |
Frequently Asked Questions
RLEMX and GLIFX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RLEMX has higher volatility (4.74%) compared to GLIFX (3.06%). In terms of maximum drawdown, RLEMX dropped -44.12% vs GLIFX's -29.65%.
RLEMX currently has the higher Sharpe Ratio (2.86 vs 1.27), 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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