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Launched · SEC filings

Lazard US Systematic Small Cap Equity ETF

SYZNasdaqLazardB

$29.51+0.16 (+0.53%)

At close: Nov 2, 2026, 4:00 PM ET

B55/ 100

Rank 16 of 41 in US Active Small-Cap

B55/100Rank 16 of 41inUS Active Small-Cap
Intraday session: up, 79 prints from 29.36 to 29.51. Range 29.37 to 29.85. Use the arrow keys to read each point.29.6029.7029.8010 AM12 PM2 PM4 PM
Expense ratio
0.61%
Fund size
$66M
1Y total return
+20.6%
Yield · Last 12 months
No data
Holdings
497
Avg volume · 30D
5.09K sh
52W range
low $23.39high $31.22
Launched
Filings
SEC EDGAR

The ETF.net SYZ Grade

B

Score 55 out of 100

Category
US Active Small-Cap⁠
Rank
16 of 41
Six-pillar profile for SYZ. Scores out of 100: Cost 44, Risk 78, Mission 89, Tradability 39, Holdings 82, Durability 62. Strongest: Mission (89). Weakest: Tradability (39). Leans toward Mission.

Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C44 out of 100
    Rank 23 of 41

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A89 out of 100
    Rank 1 of 10

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A78 out of 100
    Rank 3 of 39

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D39 out of 100
    Rank 24 of 41

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A82 out of 100
    Rank 5 of 41

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B62 out of 100
    Rank 17 of 41

Our read on SYZ

ETF.net Research

In short

BLazard points automated analysts at the whole US small cap universe and holds 200 to 500 of them. Systematic stock picking at near index breadth, in a strategy that began life in 2021 as a mutual fund.

Stated mandate

The Portfolio seeks long-term capital appreciation.

Why people hold it

  • Active but wide: the prospectus targets 200 to 500 small caps, so no single name steers the whole fund.sec.gov
  • The pitch is machine-run fundamentals. Lazard's automated analysts sweep the small cap universe for valuation and operating shifts instead of a handful of hand-picked bets.lazardassetmanagement.com
  • At 0.61%, with no waiver propping that number up, the fee sits near its category median, and the portfolio hews closely to the small cap mandate it advertises.
  • Stands in the upper half of a crowded active US small cap field.

Worth knowing

  • Cheaper options share the aisle: AVSC runs 0.25% and FESM 0.28%, neither on a waiver.
  • Thinly traded and modest in size, so the spread between buy and sell prices can run wider than in the category's giants.
  • Short life as an ETF. The strategy ran as a mutual fund from 2021 and only moved into the ETF wrapper in 2025.lazard.com

SYZ Performance

Launched Oct 28, 2021

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
SYZ$12,064
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. SYZ $12,064. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SYZ. Periods over one year show the average yearly return.
PeriodSYZ
Year to date+16.6%
1 month+1.2%
3 months−2.3%
1 year+20.6%
3 yearsHistory unavailableper yearNo data
5 yearsHistory unavailableper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SYZ
YearReturn barSYZ
2026 YTD+16.6%
2025+0.9%

History from Sep 15, 2025

SYZ in the news

SYZ Dividends

Last payment
$0.06 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Mar 20, 2026 $0.04; Jun 18, 2026 $0.03; Sep 18, 2026 $0.06. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 21, 2026$0.06
Jun 18, 2026Jun 22, 2026$0.03
Mar 20, 2026Mar 23, 2026$0.04

$10,000 in SYZ 1 year ago paid $53.71 in dividends.

SYZ Risk

Risk pillarA78 out of 100Rank 3 of 39 in US Active Small-Cap
How much the fund’s monthly returns vary, scaled to a year.
14.2%
Annualised · 13 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.87
vs 3-month T-bills · 13 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−8.0%
13 months · trough Nov 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.01
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

SYZ Cost

Compare SYZ and AVSC

Overpaying vs AVSC, cheapest in US Active Small-Cap

$6,839

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SYZ 0.61%

    $11,998

  • AVSC 0.25% Cheapest

    $5,159

$10,000
30 years

Cost over time

  • SYZ 0.61%
  • AVSC 0.25%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530SYZ $11,998AVSC $5,159

Year by year

YearSYZAVSCOverpaying
10$1,093$455$638
20$4,181$1,769$2,412
30$11,998$5,159$6,839

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