TEKY vs. JPY

Last updated Jun 24, 2026

TEKY (Lazard Next Gen Technologies ETF) and JPY (Lazard Japanese Equity ETF) are both exchange-traded funds - TEKY is a Technology Equities fund actively managed by Lazard, while JPY is a Japan Equities fund actively managed by Lazard. Both are actively managed. Over the past year, TEKY returned 37.15% vs 34.42% for JPY. A 0.51 correlation means they provide meaningful diversification when combined. TEKY charges 0.50%/yr vs 0.60%/yr for JPY.

Performance

TEKY vs. JPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Next Gen Technologies ETF (TEKY) and Lazard Japanese Equity ETF (JPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEKY achieves a 20.06% return, which is significantly higher than JPY's 14.88% return.

TEKY

• 1D: -4.74%
• 1M: 1.10%
• YTD: 20.06%
• 6M: 18.90%
• 1Y: 37.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

JPY

• 1D: -2.93%
• 1M: 0.59%
• YTD: 14.88%
• 6M: 14.45%
• 1Y: 34.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TEKY vs. JPY - Yearly Performance Comparison

	2026 (YTD)	2025
TEKY Lazard Next Gen Technologies ETF	20.06%	50.31%
JPY Lazard Japanese Equity ETF	14.88%	39.95%

Correlation

The correlation between TEKY and JPY is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.53
Correlation (All Time) Calculated using the full available price history since Apr 7, 2025	0.51

The correlation between TEKY and JPY has been stable across timeframes, ranging from 0.51 to 0.53 - a consistent structural relationship.

Return for Risk

TEKY vs. JPY — Risk / Return Rank

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

TEKY

TEKY Risk / Return Rank: 40
TEKY Sharpe Ratio Rank: 46
TEKY Sortino Ratio Rank: 42
TEKY Omega Ratio Rank: 43
TEKY Calmar Ratio Rank: 37
TEKY Martin Ratio Rank: 34

JPY

JPY Risk / Return Rank: 53
JPY Sharpe Ratio Rank: 55
JPY Sortino Ratio Rank: 53
JPY Omega Ratio Rank: 55
JPY Calmar Ratio Rank: 50
JPY Martin Ratio Rank: 49

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.

TEKY vs. JPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Next Gen Technologies ETF (TEKY) and Lazard Japanese Equity ETF (JPY). 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.

	TEKY	JPY	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.70	-0.23
Sortino ratio: Return per unit of downside risk	1.98	2.38	-0.40
Omega ratio: Gain probability vs. loss probability	1.26	1.31	-0.05
Calmar ratio: Return relative to maximum drawdown	1.74	2.29	-0.54
Martin ratio: Return relative to average drawdown	4.76	7.73	-2.97

TEKY vs. JPY - Sharpe Ratio Comparison

The current TEKY Sharpe Ratio is 1.47, which is comparable to the JPY Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of TEKY and JPY, 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

TEKY vs. JPY - Drawdown Comparison

The maximum TEKY drawdown since its inception was -21.43%, which is greater than JPY's maximum drawdown of -15.13%. Use the drawdown chart below to compare losses from any high point for TEKY and JPY.

Drawdown Indicators

	TEKY	JPY	Difference
Max Drawdown Largest peak-to-trough decline	-21.43%	-15.13%	-6.30%
Max Drawdown (1Y) Largest decline over 1 year	-21.43%	-15.13%	-6.30%
Current Drawdown Current decline from peak	-5.63%	-3.23%	-2.40%
Average Drawdown Average peak-to-trough decline	-4.81%	-2.53%	-2.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.83%	4.47%	+3.36%

Volatility

TEKY vs. JPY - Volatility Comparison

Lazard Next Gen Technologies ETF (TEKY) has a higher volatility of 12.26% compared to Lazard Japanese Equity ETF (JPY) at 5.98%. This indicates that TEKY's price experiences larger fluctuations and is considered to be riskier than JPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEKY	JPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.26%	5.98%	+6.28%
Volatility (6M) Calculated over the trailing 6-month period	21.10%	15.66%	+5.44%
Volatility (1Y) Calculated over the trailing 1-year period	25.37%	20.33%	+5.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.80%	21.21%	+5.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.80%	21.21%	+5.59%

TEKY vs. JPY - Expense Ratio Comparison

TEKY has a 0.50% expense ratio, which is lower than JPY's 0.60% expense ratio.

Dividends

TEKY vs. JPY - Dividend Comparison

TEKY's dividend yield for the trailing twelve months is around 0.17%, less than JPY's 1.20% yield.

Position	TTM	2025
JPY Lazard Japanese Equity ETF	1.20%	2.38%
TEKY Lazard Next Gen Technologies ETF	0.17%	0.05%

Frequently Asked Questions

Can I hold both TEKY and JPY in my portfolio?

TEKY and JPY have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEKY or JPY?

TEKY has higher volatility (12.26%) compared to JPY (5.98%). In terms of maximum drawdown, TEKY dropped -21.43% vs JPY's -15.13%.

Which ETF is better, TEKY or JPY?

On 1-year performance, TEKY leads with 37.15% vs 34.42% for JPY. On fees, TEKY is cheaper at 0.50% per year. On volatility, JPY has been the lower-risk option at 5.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TEKY or JPY?

Over the 1-year period, TEKY has performed better with a 37.15% return vs 34.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TEKY or JPY?

TEKY is cheaper with a 0.50% expense ratio, compared with 0.60% for JPY.

Which ETF pays a higher dividend yield, TEKY or JPY?

JPY has the higher dividend yield at 1.20%, compared with 0.17% for TEKY.

What is the main difference between TEKY and JPY?

TEKY is categorized as Technology Equities, while JPY is Japan Equities. Their fees differ too: 0.50% for TEKY and 0.60% for JPY.

Which has better risk-adjusted returns?

JPY currently has the higher Sharpe Ratio (1.70 vs 1.47), 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.