SCGVX vs. GLIFX

Last updated Jun 24, 2026

SCGVX (Sands Capital Global Growth Fund) and GLIFX (Lazard Global Listed Infrastructure Portfolio Institutional Shares) are both Global Equities funds. Over the past 10 years, SCGVX returned 11.40%/yr vs 10.77%/yr for GLIFX. At a 0.47 correlation, their price movements are largely independent. SCGVX charges 1.15%/yr vs 0.97%/yr for GLIFX.

Performance

SCGVX vs. GLIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sands Capital Global Growth Fund (SCGVX) and Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCGVX achieves a 2.13% return, which is significantly lower than GLIFX's 8.80% return. Over the past 10 years, SCGVX has outperformed GLIFX with an annualized return of 11.40%, while GLIFX has yielded a comparatively lower 10.77% annualized return.

SCGVX

• 1D: -0.88%
• 1M: 3.20%
• YTD: 2.13%
• 6M: 0.76%
• 1Y: 3.58%
• 3Y*: 12.95%
• 5Y*: -0.37%
• 10Y*: 11.40%

GLIFX

• 1D: 0.31%
• 1M: -0.73%
• YTD: 8.80%
• 6M: 9.35%
• 1Y: 16.72%
• 3Y*: 14.87%
• 5Y*: 11.63%
• 10Y*: 10.77%

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

SCGVX vs. GLIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCGVX Sands Capital Global Growth Fund	2.13%	10.68%	15.64%	31.49%	-43.49%	9.56%	49.33%	29.89%	-2.97%	38.38%
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares	8.80%	23.85%	6.71%	10.89%	-1.33%	19.91%	-4.51%	22.27%	-3.82%	20.77%

Correlation

The correlation between SCGVX and GLIFX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011	0.48

Over the past year, the correlation between SCGVX and GLIFX has dropped to 0.09 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.

Return for Risk

SCGVX vs. GLIFX — Risk / Return Rank

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

SCGVX

SCGVX Risk / Return Rank: 4
SCGVX Sharpe Ratio Rank: 5
SCGVX Sortino Ratio Rank: 5
SCGVX Omega Ratio Rank: 5
SCGVX Calmar Ratio Rank: 4
SCGVX Martin Ratio Rank: 4

GLIFX

GLIFX Risk / Return Rank: 34
GLIFX Sharpe Ratio Rank: 38
GLIFX Sortino Ratio Rank: 33
GLIFX Omega Ratio Rank: 38
GLIFX Calmar Ratio Rank: 32
GLIFX Martin Ratio Rank: 29

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.

SCGVX vs. GLIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sands Capital Global Growth Fund (SCGVX) 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.

	SCGVX	GLIFX	Difference
Sharpe ratio: Return per unit of total volatility	0.25	1.66	-1.41
Sortino ratio: Return per unit of downside risk	0.48	2.23	-1.76
Omega ratio: Gain probability vs. loss probability	1.06	1.31	-0.25
Calmar ratio: Return relative to maximum drawdown	0.23	1.99	-1.77
Martin ratio: Return relative to average drawdown	0.66	6.26	-5.60

SCGVX vs. GLIFX - Sharpe Ratio Comparison

The current SCGVX Sharpe Ratio is 0.25, which is lower than the GLIFX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of SCGVX and GLIFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCGVX vs. GLIFX - Drawdown Comparison

The maximum SCGVX drawdown since its inception was -53.96%, which is greater than GLIFX's maximum drawdown of -29.65%. Use the drawdown chart below to compare losses from any high point for SCGVX and GLIFX.

Drawdown Indicators

	SCGVX	GLIFX	Difference
Max Drawdown Largest peak-to-trough decline	-53.96%	-29.65%	-24.31%
Max Drawdown (1Y) Largest decline over 1 year	-21.39%	-9.00%	-12.39%
Max Drawdown (3Y) Largest decline over 3 years	-23.07%	-10.02%	-13.05%
Max Drawdown (5Y) Largest decline over 5 years	-53.96%	-17.15%	-36.81%
Max Drawdown (10Y) Largest decline over 10 years	-53.96%	-29.65%	-24.31%
Current Drawdown Current decline from peak	-13.74%	-4.49%	-9.25%
Average Drawdown Average peak-to-trough decline	-12.10%	-3.36%	-8.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.25%	2.86%	+4.39%

Volatility

SCGVX vs. GLIFX - Volatility Comparison

Sands Capital Global Growth Fund (SCGVX) has a higher volatility of 8.40% compared to Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) at 2.62%. This indicates that SCGVX'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.

Volatility by Period

	SCGVX	GLIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.40%	2.62%	+5.78%
Volatility (6M) Calculated over the trailing 6-month period	16.13%	9.37%	+6.76%
Volatility (1Y) Calculated over the trailing 1-year period	19.33%	10.81%	+8.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.77%	11.01%	+14.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.09%	13.31%	+9.78%

SCGVX vs. GLIFX - Expense Ratio Comparison

SCGVX has a 1.15% expense ratio, which is higher than GLIFX's 0.97% expense ratio.

Dividends

SCGVX vs. GLIFX - Dividend Comparison

SCGVX's dividend yield for the trailing twelve months is around 45.60%, more than GLIFX's 7.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares	7.22%	6.22%	4.26%	2.95%	14.81%	6.21%	2.59%	4.44%	14.29%	6.94%	1.91%	11.33%
SCGVX Sands Capital Global Growth Fund	45.60%	46.57%	9.14%	0.00%	0.00%	13.05%	3.34%	5.97%	9.05%	0.23%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SCGVX and GLIFX in my portfolio?

SCGVX and GLIFX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCGVX or GLIFX?

SCGVX has higher volatility (8.40%) compared to GLIFX (2.62%). In terms of maximum drawdown, SCGVX dropped -53.96% vs GLIFX's -29.65%.

Which has better risk-adjusted returns?

GLIFX currently has the higher Sharpe Ratio (1.66 vs 0.25), 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.