RLEMX vs. LZEMX
RLEMX (Lazard Emerging Markets Equity Portfolio Class R6) and LZEMX (Lazard Emerging Markets Equity Portfolio) are both Emerging Markets Equities funds from Lazard. Over the past 10 years, RLEMX returned 10.12%/yr vs 10.11%/yr for LZEMX. With a 1.00 correlation, they move nearly in lockstep. RLEMX charges 1.38%/yr vs 1.06%/yr for LZEMX.
Performance
RLEMX vs. LZEMX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with RLEMX having a 24.08% return and LZEMX slightly higher at 24.10%. Both investments have delivered pretty close results over the past 10 years, with RLEMX having a 10.12% annualized return and LZEMX not far behind at 10.11%.
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%
LZEMX
- 1D
- -0.74%
- 1M
- 2.70%
- 6M
- 14.55%
- YTD
- 24.10%
- 1Y
- 41.53%
- 3Y*
- 26.16%
- 5Y*
- 14.09%
- 10Y*
- 10.11%
- ALL TIME*
- 7.77%
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. LZEMX - 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% |
LZEMX Lazard Emerging Markets Equity Portfolio | 24.10% | 41.35% | 7.60% | 22.44% | -14.86% | 5.37% | -0.07% | 18.06% | -18.11% | 28.02% |
Correlation
The correlation between RLEMX and LZEMX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 1.00 |
The correlation between RLEMX and LZEMX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
RLEMX vs. LZEMX — Risk / Return Rank
RLEMX
LZEMX
RLEMX vs. LZEMX - 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 Emerging Markets Equity Portfolio (LZEMX). 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 | LZEMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.51 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.03 | 4.02 | +0.01 |
| Martin ratioReturn relative to average drawdown | 13.71 | 13.70 | +0.01 |
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Drawdowns
RLEMX vs. LZEMX - Drawdown Comparison
The maximum RLEMX drawdown since its inception was -44.12%, smaller than the maximum LZEMX drawdown of -60.08%. Use the drawdown chart below to compare losses from any high point for RLEMX and LZEMX.
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Drawdown Indicators
| RLEMX | LZEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.12% | -60.08% | +15.96% |
Max Drawdown (1Y)Largest decline over 1 year | -10.41% | -10.42% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -14.25% | -14.27% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -29.17% | -29.13% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -44.12% | -44.08% | -0.04% |
Current DrawdownCurrent decline from peak | -2.25% | -2.25% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -10.38% | -16.57% | +6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.05% | 3.05% | 0.00% |
Volatility
RLEMX vs. LZEMX - Volatility Comparison
Lazard Emerging Markets Equity Portfolio Class R6 (RLEMX) and Lazard Emerging Markets Equity Portfolio (LZEMX) have volatilities of 4.74% and 4.74%, 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
| RLEMX | LZEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 4.74% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 12.78% | 12.79% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.70% | 14.71% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.58% | 14.56% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 16.35% | +0.02% |
RLEMX vs. LZEMX - Expense Ratio Comparison
RLEMX has a 1.38% expense ratio, which is higher than LZEMX's 1.06% expense ratio.
Dividends
RLEMX vs. LZEMX - Dividend Comparison
RLEMX's dividend yield for the trailing twelve months is around 1.65%, which matches LZEMX's 1.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LZEMX Lazard Emerging Markets Equity Portfolio | 1.65% | 2.05% | 3.11% | 3.76% | 5.92% | 4.89% | 2.11% | 2.45% | 2.10% | 1.99% | 1.48% | 2.14% |
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
With a correlation of 1.00, RLEMX and LZEMX 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.
LZEMX has higher volatility (4.74%) compared to RLEMX (4.74%). In terms of maximum drawdown, RLEMX dropped -44.12% vs LZEMX's -60.08%.
RLEMX currently has the higher Sharpe Ratio (2.86 vs 2.86), 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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