SYZ vs. GLIX

Last updated Jun 4, 2026

SYZ (Lazard US Systematic Small Cap Equity ETF) and GLIX (Lazard Listed Infrastructure ETF) are both exchange-traded funds - SYZ is a Small Cap Blend Equities fund actively managed by Lazard, while GLIX is a Utilities Equities fund actively managed by Lazard. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. SYZ charges 0.60%/yr vs 0.96%/yr for GLIX.

Performance

SYZ vs. GLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard US Systematic Small Cap Equity ETF (SYZ) and Lazard Listed Infrastructure ETF (GLIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SYZ achieves a 17.30% return, which is significantly higher than GLIX's 9.30% return.

SYZ

• 1D: -1.04%
• 1M: 2.63%
• YTD: 17.30%
• 6M: 17.99%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLIX

• 1D: 0.22%
• 1M: -0.28%
• YTD: 9.30%
• 6M: 8.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SYZ vs. GLIX - Yearly Performance Comparison

	2026 (YTD)	2025
SYZ Lazard US Systematic Small Cap Equity ETF	17.30%	1.20%
GLIX Lazard Listed Infrastructure ETF	9.30%	0.49%

Correlation

The correlation between SYZ and GLIX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025	0.33

Return for Risk

SYZ vs. GLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard US Systematic Small Cap Equity ETF (SYZ) and Lazard Listed Infrastructure ETF (GLIX). 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.

Sharpe Ratios by Period

	SYZ	GLIX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	1.29	+0.31

Drawdowns

SYZ vs. GLIX - Drawdown Comparison

The maximum SYZ drawdown since its inception was -8.00%, roughly equal to the maximum GLIX drawdown of -7.82%. Use the drawdown chart below to compare losses from any high point for SYZ and GLIX.

Drawdown Indicators

	SYZ	GLIX	Difference
Max Drawdown Largest peak-to-trough decline	-8.00%	-7.82%	-0.18%
Current Drawdown Current decline from peak	-1.04%	-3.80%	+2.76%
Average Drawdown Average peak-to-trough decline	-2.09%	-2.06%	-0.03%

Volatility

Volatility by Period

	SYZ	GLIX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.65%	11.94%	+4.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.65%	11.94%	+4.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.65%	11.94%	+4.71%

SYZ vs. GLIX - Expense Ratio Comparison

SYZ has a 0.60% expense ratio, which is lower than GLIX's 0.96% expense ratio.

Dividends

SYZ vs. GLIX - Dividend Comparison

SYZ's dividend yield for the trailing twelve months is around 0.14%, less than GLIX's 1.66% yield.

Position	TTM	2025
GLIX Lazard Listed Infrastructure ETF	1.66%	1.30%
SYZ Lazard US Systematic Small Cap Equity ETF	0.14%	0.00%

Frequently Asked Questions

Can I hold both SYZ and GLIX in my portfolio?

SYZ and GLIX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SYZ or GLIX?

On fees, SYZ is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SYZ or GLIX?

SYZ is cheaper with a 0.60% expense ratio, compared with 0.96% for GLIX.

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

GLIX has the higher dividend yield at 1.66%, compared with 0.14% for SYZ.

What is the main difference between SYZ and GLIX?

SYZ is categorized as Small Cap Blend Equities, while GLIX is Utilities Equities. Their fees differ too: 0.60% for SYZ and 0.96% for GLIX.