WCFOX vs. LZISX

Last updated Aug 1, 2026

WCFOX (WCM Focused International Opportunities Fund) and LZISX (Lazard International Small Cap Equity Portfolio) are both Foreign Small & Mid Cap Equities funds. Over the past 5 years, WCFOX returned 4.13%/yr vs 4.72%/yr for LZISX. Their correlation of 0.84 means they have usually moved in the same direction. WCFOX charges 1.50%/yr vs 1.14%/yr for LZISX.

Performance

WCFOX vs. LZISX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WCM Focused International Opportunities Fund (WCFOX) and Lazard International Small Cap Equity Portfolio (LZISX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WCFOX achieves a 9.66% return, which is significantly lower than LZISX's 18.32% return.

WCFOX

• 1D: 3.83%
• 1M: -4.48%
• 6M: 3.38%
• YTD: 9.66%
• 1Y: 16.07%
• 3Y*: 17.67%
• 5Y*: 4.13%
• 10Y*: —
• ALL TIME*: 5.69%

LZISX

• 1D: 3.55%
• 1M: -6.00%
• 6M: 8.86%
• YTD: 18.32%
• 1Y: 26.20%
• 3Y*: 16.73%
• 5Y*: 4.72%
• 10Y*: 7.17%
• ALL TIME*: 6.87%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LZISX Lazard International Small Cap Equity Portfolio	$0.00	$0.00	$0.00
WCFOX WCM Focused International Opportunities Fund	$0.00	$0.00	$0.00

WCFOX vs. LZISX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WCFOX WCM Focused International Opportunities Fund	9.66%	31.45%	6.14%	25.65%	-35.42%	7.30%
LZISX Lazard International Small Cap Equity Portfolio	18.32%	35.95%	-3.68%	11.59%	-26.34%	0.26%

Correlation

The correlation between WCFOX and LZISX is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (All Time) Calculated using the full available price history since May 25, 2021	0.84

The correlation between WCFOX and LZISX has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.

Return for Risk

WCFOX vs. LZISX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WCFOX

WCFOX Risk / Return Rank: 19
WCFOX Sharpe Ratio Rank: 17
WCFOX Sortino Ratio Rank: 18
WCFOX Omega Ratio Rank: 19
WCFOX Calmar Ratio Rank: 20
WCFOX Martin Ratio Rank: 21

LZISX

LZISX Risk / Return Rank: 47
LZISX Sharpe Ratio Rank: 41
LZISX Sortino Ratio Rank: 41
LZISX Omega Ratio Rank: 39
LZISX Calmar Ratio Rank: 61
LZISX Martin Ratio Rank: 51

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WCFOX vs. LZISX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WCM Focused International Opportunities Fund (WCFOX) and Lazard International Small Cap Equity Portfolio (LZISX). 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.

	WCFOX	LZISX	Difference
Sharpe ratio: Return per unit of total volatility	0.67	1.24	-0.57
Sortino ratio: Return per unit of downside risk	1.08	1.78	-0.70
Omega ratio: Gain probability vs. loss probability	1.14	1.22	-0.08
Calmar ratio: Return relative to maximum drawdown	0.99	2.11	-1.12
Martin ratio: Return relative to average drawdown	3.10	7.16	-4.07

WCFOX vs. LZISX - Sharpe Ratio Comparison

The current WCFOX Sharpe Ratio is 0.67, which is lower than the LZISX Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of WCFOX and LZISX, 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

WCFOX vs. LZISX - Drawdown Comparison

The maximum WCFOX drawdown since its inception was -49.83%, smaller than the maximum LZISX drawdown of -65.43%. Use the drawdown chart below to compare losses from any high point for WCFOX and LZISX.

Drawdown Indicators

	WCFOX	LZISX	Difference
Max Drawdown Largest peak-to-trough decline	-49.83%	-65.43%	+15.60%
Max Drawdown (1Y) Largest decline over 1 year	-15.13%	-12.57%	-2.56%
Max Drawdown (3Y) Largest decline over 3 years	-19.34%	-15.88%	-3.46%
Max Drawdown (5Y) Largest decline over 5 years	-49.83%	-42.01%	-7.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-44.80%	—
Current Drawdown Current decline from peak	-8.33%	-9.47%	+1.14%
Average Drawdown Average peak-to-trough decline	-21.16%	-14.73%	-6.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.82%	3.70%	+1.12%

Volatility

WCFOX vs. LZISX - Volatility Comparison

WCM Focused International Opportunities Fund (WCFOX) has a higher volatility of 8.09% compared to Lazard International Small Cap Equity Portfolio (LZISX) at 7.67%. This indicates that WCFOX's price experiences larger fluctuations and is considered to be riskier than LZISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WCFOX	LZISX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.09%	7.67%	+0.42%
Volatility (6M) Calculated over the trailing 6-month period	20.03%	17.74%	+2.29%
Volatility (1Y) Calculated over the trailing 1-year period	22.30%	21.48%	+0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.91%	18.02%	+3.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.68%	17.04%	+4.64%

WCFOX vs. LZISX - Expense Ratio Comparison

WCFOX has a 1.50% expense ratio, which is higher than LZISX's 1.14% expense ratio.

Dividends

WCFOX vs. LZISX - Dividend Comparison

WCFOX's dividend yield for the trailing twelve months is around 0.30%, less than LZISX's 1.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LZISX Lazard International Small Cap Equity Portfolio	1.62%	1.91%	1.89%	2.08%	5.44%	36.78%	2.07%	2.10%	4.62%	0.00%	2.96%	0.69%
WCFOX WCM Focused International Opportunities Fund	0.30%	0.33%	3.57%	0.24%	0.00%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WCFOX and LZISX in my portfolio?

WCFOX and LZISX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WCFOX or LZISX?

WCFOX has higher volatility (8.09%) compared to LZISX (7.67%). In terms of maximum drawdown, WCFOX dropped -49.83% vs LZISX's -65.43%.

Which has better risk-adjusted returns?

LZISX currently has the higher Sharpe Ratio (1.24 vs 0.67), 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.