THMZ vs. GLIX

Last updated Jun 24, 2026

THMZ (Lazard Equity Megatrends ETF) and GLIX (Lazard Listed Infrastructure ETF) are both exchange-traded funds - THMZ is a Global Equities fund actively managed by Lazard, while GLIX is a Utilities Equities fund actively managed by Lazard. Both are actively managed. At a 0.16 correlation, their price movements are largely independent. THMZ charges 0.50%/yr vs 0.96%/yr for GLIX.

Performance

THMZ vs. GLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard Equity Megatrends ETF (THMZ) 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, THMZ achieves a 0.98% return, which is significantly lower than GLIX's 11.86% return.

THMZ

• 1D: -2.36%
• 1M: -0.88%
• YTD: 0.98%
• 6M: 0.66%
• 1Y: 12.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLIX

• 1D: 0.57%
• 1M: 1.47%
• YTD: 11.86%
• 6M: 12.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

THMZ vs. GLIX - Yearly Performance Comparison

	2026 (YTD)	2025
THMZ Lazard Equity Megatrends ETF	0.98%	1.57%
GLIX Lazard Listed Infrastructure ETF	11.86%	0.49%

Correlation

The correlation between THMZ and GLIX is 0.16, 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 6, 2025	0.16

Return for Risk

THMZ vs. GLIX — Risk / Return Rank

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

THMZ

THMZ Risk / Return Rank: 22
THMZ Sharpe Ratio Rank: 23
THMZ Sortino Ratio Rank: 22
THMZ Omega Ratio Rank: 22
THMZ Calmar Ratio Rank: 19
THMZ Martin Ratio Rank: 24

GLIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

THMZ vs. GLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard Equity Megatrends ETF (THMZ) 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.

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.

	THMZ	GLIX	Difference
Sharpe ratio: Return per unit of total volatility	0.77	—	—
Sortino ratio: Return per unit of downside risk	1.16	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	0.79	—	—
Martin ratio: Return relative to average drawdown	2.82	—	—

Drawdowns

THMZ vs. GLIX - Drawdown Comparison

The maximum THMZ drawdown since its inception was -15.99%, which is greater than GLIX's maximum drawdown of -7.82%. Use the drawdown chart below to compare losses from any high point for THMZ and GLIX.

Drawdown Indicators

	THMZ	GLIX	Difference
Max Drawdown Largest peak-to-trough decline	-15.99%	-7.82%	-8.17%
Max Drawdown (1Y) Largest decline over 1 year	-15.99%	—	—
Current Drawdown Current decline from peak	-2.88%	-1.55%	-1.33%
Average Drawdown Average peak-to-trough decline	-2.58%	-2.05%	-0.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.47%	—	—

Volatility

Volatility by Period

	THMZ	GLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.52%	11.88%	+4.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.16%	11.88%	+7.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.16%	11.88%	+7.28%

THMZ vs. GLIX - Expense Ratio Comparison

THMZ has a 0.50% expense ratio, which is lower than GLIX's 0.96% expense ratio.

Dividends

THMZ vs. GLIX - Dividend Comparison

THMZ's dividend yield for the trailing twelve months is around 0.24%, less than GLIX's 2.03% yield.

Position	TTM	2025
GLIX Lazard Listed Infrastructure ETF	2.03%	1.30%
THMZ Lazard Equity Megatrends ETF	0.24%	0.30%

Frequently Asked Questions

Can I hold both THMZ and GLIX in my portfolio?

THMZ and GLIX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, THMZ or GLIX?

On fees, THMZ is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, THMZ or GLIX?

THMZ is cheaper with a 0.50% expense ratio, compared with 0.96% for GLIX.

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

GLIX has the higher dividend yield at 2.03%, compared with 0.24% for THMZ.

What is the main difference between THMZ and GLIX?

THMZ is categorized as Global Equities, while GLIX is Utilities Equities. Their fees differ too: 0.50% for THMZ and 0.96% for GLIX.