WAGOX vs. GLIFX

Last updated Jun 4, 2026

WAGOX (Wasatch Global Opportunities Fund) and GLIFX (Lazard Global Listed Infrastructure Portfolio Institutional Shares) are both Global Equities funds. Over the past 10 years, WAGOX returned 9.48%/yr vs 10.23%/yr for GLIFX. A 0.54 correlation means they provide meaningful diversification when combined. WAGOX charges 1.50%/yr vs 0.97%/yr for GLIFX.

Performance

WAGOX vs. GLIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wasatch Global Opportunities Fund (WAGOX) and Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WAGOX achieves a 4.80% return, which is significantly lower than GLIFX's 7.33% return. Over the past 10 years, WAGOX has underperformed GLIFX with an annualized return of 9.48%, while GLIFX has yielded a comparatively higher 10.23% annualized return.

WAGOX

• 1D: 0.26%
• 1M: 3.15%
• YTD: 4.80%
• 6M: 2.38%
• 1Y: 1.17%
• 3Y*: 6.93%
• 5Y*: -0.40%
• 10Y*: 9.48%

GLIFX

• 1D: -0.51%
• 1M: -1.97%
• YTD: 7.33%
• 6M: 7.56%
• 1Y: 15.45%
• 3Y*: 13.91%
• 5Y*: 11.29%
• 10Y*: 10.23%

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

WAGOX vs. GLIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WAGOX Wasatch Global Opportunities Fund	4.80%	-4.58%	6.60%	25.57%	-35.02%	21.43%	42.27%	33.11%	-7.41%	37.73%
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares	7.33%	23.85%	6.71%	10.89%	-1.33%	19.91%	-4.51%	22.27%	-3.82%	20.77%

Correlation

The correlation between WAGOX and GLIFX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jan 5, 2010	0.54

Over the past year, the correlation between WAGOX and GLIFX has dropped to 0.26 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.

Return for Risk

WAGOX vs. GLIFX — Risk / Return Rank

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

WAGOX

WAGOX Risk / Return Rank: 3
WAGOX Sharpe Ratio Rank: 3
WAGOX Sortino Ratio Rank: 3
WAGOX Omega Ratio Rank: 3
WAGOX Calmar Ratio Rank: 3
WAGOX Martin Ratio Rank: 3

GLIFX

GLIFX Risk / Return Rank: 24
GLIFX Sharpe Ratio Rank: 26
GLIFX Sortino Ratio Rank: 23
GLIFX Omega Ratio Rank: 27
GLIFX Calmar Ratio Rank: 22
GLIFX Martin Ratio Rank: 23

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.

WAGOX vs. GLIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wasatch Global Opportunities Fund (WAGOX) and Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX). 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.

	WAGOX	GLIFX	Difference
Sharpe ratio: Return per unit of total volatility	0.09	1.46	-1.37
Sortino ratio: Return per unit of downside risk	0.24	1.98	-1.74
Omega ratio: Gain probability vs. loss probability	1.03	1.27	-0.24
Calmar ratio: Return relative to maximum drawdown	0.08	1.74	-1.66
Martin ratio: Return relative to average drawdown	0.20	5.88	-5.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WAGOX vs. GLIFX - Sharpe Ratio Comparison

The current WAGOX Sharpe Ratio is 0.09, which is lower than the GLIFX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of WAGOX and GLIFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WAGOX	GLIFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.09	1.46	-1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	1.03	-1.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.77	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	0.84	-0.18

Drawdowns

WAGOX vs. GLIFX - Drawdown Comparison

The maximum WAGOX drawdown since its inception was -44.05%, which is greater than GLIFX's maximum drawdown of -29.65%. Use the drawdown chart below to compare losses from any high point for WAGOX and GLIFX.

Drawdown Indicators

	WAGOX	GLIFX	Difference
Max Drawdown Largest peak-to-trough decline	-44.05%	-29.65%	-14.40%
Max Drawdown (1Y) Largest decline over 1 year	-17.09%	-9.00%	-8.09%
Max Drawdown (3Y) Largest decline over 3 years	-22.43%	-10.02%	-12.41%
Max Drawdown (5Y) Largest decline over 5 years	-44.05%	-17.15%	-26.90%
Max Drawdown (10Y) Largest decline over 10 years	-44.05%	-29.65%	-14.40%
Current Drawdown Current decline from peak	-19.08%	-5.79%	-13.29%
Average Drawdown Average peak-to-trough decline	-10.12%	-3.36%	-6.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.14%	2.66%	+4.48%

Volatility

WAGOX vs. GLIFX - Volatility Comparison

Wasatch Global Opportunities Fund (WAGOX) and Lazard Global Listed Infrastructure Portfolio Institutional Shares (GLIFX) have volatilities of 4.40% and 4.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WAGOX	GLIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	4.53%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	11.48%	9.30%	+2.18%
Volatility (1Y) Calculated over the trailing 1-year period	15.37%	10.72%	+4.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.61%	10.99%	+9.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.61%	13.33%	+7.28%

WAGOX vs. GLIFX - Expense Ratio Comparison

WAGOX has a 1.50% expense ratio, which is higher than GLIFX's 0.97% expense ratio.

Dividends

WAGOX vs. GLIFX - Dividend Comparison

WAGOX's dividend yield for the trailing twelve months is around 8.91%, more than GLIFX's 6.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLIFX Lazard Global Listed Infrastructure Portfolio Institutional Shares	6.29%	6.22%	4.26%	2.95%	14.81%	6.21%	2.59%	4.44%	14.29%	6.94%	1.91%	11.33%
WAGOX Wasatch Global Opportunities Fund	8.91%	9.34%	8.83%	0.00%	2.30%	7.98%	1.96%	8.64%	18.77%	11.04%	9.13%	13.52%

Frequently Asked Questions

Can I hold both WAGOX and GLIFX in my portfolio?

WAGOX and GLIFX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WAGOX or GLIFX?

GLIFX has higher volatility (4.53%) compared to WAGOX (4.40%). In terms of maximum drawdown, WAGOX dropped -44.05% vs GLIFX's -29.65%.

Which has better risk-adjusted returns?

GLIFX currently has the higher Sharpe Ratio (1.46 vs 0.09), 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.