SYZ vs. RB

Last updated Jun 4, 2026

SYZ (Lazard US Systematic Small Cap Equity ETF) and RB (ProShares Russell 2000 Dynamic Daily Buffer ETF) are both exchange-traded funds - SYZ is a Small Cap Blend Equities fund actively managed by Lazard, while RB is a Defined Outcome fund tracking the Russell 2000. SYZ is actively managed, while RB is passively managed. A 0.76 correlation means they provide meaningful diversification when combined. SYZ charges 0.60%/yr vs 0.58%/yr for RB.

Performance

SYZ vs. RB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard US Systematic Small Cap Equity ETF (SYZ) and ProShares Russell 2000 Dynamic Daily Buffer ETF (RB). 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 RB's 6.76% return.

SYZ

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

RB

• 1D: -0.17%
• 1M: 1.63%
• YTD: 6.76%
• 6M: 8.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SYZ vs. RB - Yearly Performance Comparison

	2026 (YTD)	2025
SYZ Lazard US Systematic Small Cap Equity ETF	17.30%	0.89%
RB ProShares Russell 2000 Dynamic Daily Buffer ETF	6.76%	7.98%

Correlation

The correlation between SYZ and RB is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 16, 2025	0.76

Return for Risk

SYZ vs. RB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard US Systematic Small Cap Equity ETF (SYZ) and ProShares Russell 2000 Dynamic Daily Buffer ETF (RB). 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	RB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	3.15	-1.55

Drawdowns

SYZ vs. RB - Drawdown Comparison

The maximum SYZ drawdown since its inception was -8.00%, which is greater than RB's maximum drawdown of -1.70%. Use the drawdown chart below to compare losses from any high point for SYZ and RB.

Drawdown Indicators

	SYZ	RB	Difference
Max Drawdown Largest peak-to-trough decline	-8.00%	-1.70%	-6.30%
Current Drawdown Current decline from peak	-1.04%	-0.47%	-0.57%
Average Drawdown Average peak-to-trough decline	-2.09%	-0.41%	-1.68%

Volatility

Volatility by Period

	SYZ	RB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.65%	6.21%	+10.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.65%	6.21%	+10.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.65%	6.21%	+10.44%

SYZ vs. RB - Expense Ratio Comparison

SYZ has a 0.60% expense ratio, which is higher than RB's 0.58% expense ratio.

Dividends

SYZ vs. RB - Dividend Comparison

SYZ's dividend yield for the trailing twelve months is around 0.14%, less than RB's 2.00% yield.

Position	TTM	2025
RB ProShares Russell 2000 Dynamic Daily Buffer ETF	2.00%	1.78%
SYZ Lazard US Systematic Small Cap Equity ETF	0.14%	0.00%

Frequently Asked Questions

Can I hold both SYZ and RB in my portfolio?

SYZ and RB have a correlation of 0.76, 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 RB?

On fees, RB is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SYZ or RB?

RB is cheaper with a 0.58% expense ratio, compared with 0.60% for SYZ.

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

RB has the higher dividend yield at 2.00%, compared with 0.14% for SYZ.

What is the main difference between SYZ and RB?

SYZ is categorized as Small Cap Blend Equities, while RB is Defined Outcome. They also come from different issuers: Lazard and ProShares. Their fees differ too: 0.60% for SYZ and 0.58% for RB.