SYZ vs. FESM
Compare and contrast key facts about Lazard US Systematic Small Cap Equity ETF (SYZ) and Fidelity Enhanced Small Cap ETF (FESM).
SYZ and FESM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SYZ is an actively managed fund by Lazard. It was launched on Oct 29, 2021. FESM is an actively managed fund by Fidelity. It was launched on Dec 20, 2007.
Performance
SYZ vs. FESM - Performance Comparison
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SYZ vs. FESM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SYZ Lazard US Systematic Small Cap Equity ETF | 4.69% | 0.89% |
FESM Fidelity Enhanced Small Cap ETF | 2.39% | 4.95% |
Returns By Period
In the year-to-date period, SYZ achieves a 4.69% return, which is significantly higher than FESM's 2.39% return.
SYZ
- 1D
- 0.29%
- 1M
- -2.59%
- YTD
- 4.69%
- 6M
- 5.95%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FESM
- 1D
- 0.78%
- 1M
- -2.49%
- YTD
- 2.39%
- 6M
- 5.61%
- 1Y
- 29.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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SYZ vs. FESM - Expense Ratio Comparison
SYZ has a 0.60% expense ratio, which is higher than FESM's 0.28% expense ratio.
Return for Risk
SYZ vs. FESM — Risk / Return Rank
SYZ
FESM
SYZ vs. FESM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard US Systematic Small Cap Equity ETF (SYZ) and Fidelity Enhanced Small Cap ETF (FESM). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| SYZ | FESM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.99 | -0.37 |
Correlation
The correlation between SYZ and FESM is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SYZ vs. FESM - Dividend Comparison
SYZ's dividend yield for the trailing twelve months is around 0.16%, less than FESM's 0.62% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SYZ Lazard US Systematic Small Cap Equity ETF | 0.16% | 0.00% | 0.00% | 0.00% |
FESM Fidelity Enhanced Small Cap ETF | 0.62% | 0.82% | 1.08% | 0.06% |
Drawdowns
SYZ vs. FESM - Drawdown Comparison
The maximum SYZ drawdown since its inception was -8.00%, smaller than the maximum FESM drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for SYZ and FESM.
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Drawdown Indicators
| SYZ | FESM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.00% | -26.93% | +18.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.18% | — |
Current DrawdownCurrent decline from peak | -4.12% | -5.79% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -5.05% | +2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.57% | — |
Volatility
SYZ vs. FESM - Volatility Comparison
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Volatility by Period
| SYZ | FESM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.86% | 23.00% | -6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.86% | 21.47% | -4.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.86% | 21.47% | -4.61% |