LAZ vs SPY
Comparison between Lazard Ltd - Class A (LAZ, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed LAZ, delivering a return of +13.8% compared to +5.7%
LAZ vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
LAZ vs SPY - Historical Returns
Returns include dividend reinvestment.
LAZ vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | LAZ | SPY |
|---|---|---|
| 2026 | -3.25% | +8.80% |
| 2025 | -0.21% | +18.00% |
| 2024 | +49.20% | +25.59% |
| 2023 | +5.79% | +26.72% |
| 2022 | -18.46% | -18.64% |
| 2021 | +9.09% | +30.52% |
| 2020 | +9.82% | +17.28% |
| 2019 | +12.93% | +31.09% |
| 2018 | -25.60% | -5.24% |
| 2017 | +34.30% | +20.78% |
| 2016 | +0.12% | +13.59% |
| 2015 | -5.98% | +1.31% |
| 2014 | +14.56% | +14.56% |
| 2013 | +48.85% | +29.00% |
| 2012 | +14.15% | +14.17% |
| 2011 | -33.01% | +0.85% |
| 2010 | -0.04% | +13.14% |
| 2009 | +29.47% | +22.67% |
| 2008 | -23.11% | -36.25% |
| 2007 | -13.95% | +5.32% |
| 2006 | +49.28% | +13.85% |
| 2005 | +33.62% | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
LAZ vs SPY Drawdown Comparison
The maximum drawdown for LAZ was -62.70%, occurring on Oct 3, 2011. Recovery took 1742 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current LAZ drawdown is -17.05%. The current SPY drawdown is -0.92%.
| Rank | LAZ | SPY |
|---|---|---|
| #1 | -62.70% May 2, 2007 - Apr 2, 2014 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -59.54% Feb 1, 2018 - Aug 11, 2021 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -50.55% Jul 21, 2015 - Dec 4, 2017 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -44.24% Nov 6, 2024 - Apr 8, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -43.47% Oct 25, 2021 - Jul 25, 2024 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -28.94% May 10, 2006 - Dec 5, 2006 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -20.27% Sep 17, 2014 - Apr 2, 2015 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -14.19% Feb 22, 2007 - May 2, 2007 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -14.11% May 6, 2005 - Jun 1, 2005 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -12.83% Jun 1, 2005 - Jul 20, 2005 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -12.44% Apr 19, 2006 - May 10, 2006 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -12.34% Jul 31, 2024 - Aug 23, 2024 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -9.80% Apr 2, 2014 - Apr 24, 2014 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -9.70% Jun 18, 2015 - Jul 21, 2015 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -9.06% Aug 30, 2024 - Sep 19, 2024 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between LAZ and SPY is 0.90 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
LAZ vs SPY dividend yield comparison.
| Year | LAZ | SPY |
|---|---|---|
| 2026 | 2.12% | 0.24% |
| 2025 | 4.12% | 1.07% |
| 2024 | 3.89% | 1.21% |
| 2023 | 5.75% | 1.40% |
| 2022 | 5.60% | 1.65% |
| 2021 | 4.31% | 1.20% |
| 2020 | 4.44% | 1.52% |
| 2019 | 5.88% | 1.75% |
| 2018 | 8.21% | 2.04% |
| 2017 | 5.35% | 1.80% |
| 2016 | 6.55% | 2.03% |
| 2015 | 5.22% | 2.06% |
| 2014 | 2.40% | 1.87% |
| 2013 | 2.21% | 1.81% |
| 2012 | 3.22% | 2.18% |
| 2011 | 2.32% | 2.05% |
| 2010 | 1.27% | 1.80% |
| 2009 | 1.19% | 1.95% |
| 2008 | 1.34% | 3.02% |
| 2007 | 0.88% | 1.85% |
| 2006 | 0.76% | 1.73% |
| 2005 | 0.45% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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