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Launched · SEC filings

Lazard US Systematic Small Cap Equity ETF

SYZNasdaqB

$29.39+0.02 (+0.08%)

At close: Oct 13, 2026, 4:00 PM

B55/ 100

Rank 16 of 41 in US Active Small-Cap

B55/100Rank 16 of 41inUS Active Small-Cap
Intraday session: up, 9 prints from 29.36 to 29.39. Range 29.25 to 29.39. Use the arrow keys to read each point.29.2529.2729.3029.3229.3510 AM12 PM2 PM4 PM
Expense ratio
0.60%
Fund size
$66M
1Y total return
+23.1%
Yield · Last 12 months
Data unavailable
Holdings
489
Avg volume · 30D
0M sh
NAV per share
$29.29
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 49, Risk 76, Mission 90, Tradability 29, Holdings 81, Durability 60. Strongest: Mission (90). Weakest: Tradability (29). 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.
    C49 out of 100
    Rank 21 of 41

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A90 out of 100
    Rank 1 of 10

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A76 out of 100
    Rank 1 of 38

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D29 out of 100
    Rank 30 of 41

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A81 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.
    B60 out of 100
    Rank 17 of 41

Our read on SYZ

ETF.net Research

BLazard took a small cap strategy running since 2014, converted it from a mutual fund into an ETF in 2025, and runs it on "Automated Fundamental Analysts": code that sifts the whole US small cap universe the way a human analyst would.

Stated mandate

The Portfolio seeks long-term capital appreciation.

Why people hold it

  1. 01Not a brand-new launch in an ETF wrapper. The strategy dates to 2014 and moved into the ETF structure in September 2025, carrying a decade-plus of live history with it.lazard.com
  2. 02The systematic engine surveys the entire investable US small cap universe, aiming at a corner of the market where thin sell-side coverage is the whole pitch.lazard.comlazardassetmanagement.com
  3. 03What sits in the portfolio lines up closely with the value-leaning small cap mandate in the prospectus, spread across a long list of names rather than a handful of concentrated bets.

Worth knowing

  1. 01At 0.74% a year, it costs more than the typical active US small cap ETF. Systematic rivals like AVUV and AVSC charge 0.25%.
  2. 02Small asset base and light trading volume, so bid-ask spreads tend to run wider than in the category's heavyweights.
  3. 03Fully active: there's no index to fall back on, so the model's stock selection drives the outcome and the fund can diverge from standard small cap benchmarks in either direction.

SYZ Holdings

As of Oct 12, 2026
Asset class
Stocks
Holdings
489
Top-10 weight
8%
Largest holding
MLI0.9%

Geography

  • United States88.87%
  • Canada2.63%
  • Israel1.83%
  • Bermuda1.09%
  • Singapore0.84%
  • United Kingdom0.79%
  • Cayman Islands0.74%
  • Panama0.59%
  • Other countries (8)2.61%
The fund’s holdings, weight-ordered — page 1 of 33.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001MLIMueller Industries Inc0.91%9,399$571K207
002—Lazard Govt Mny Mmkt Ins Lzixx0.83%525,051$525K6
003TILEInterface Inc0.79%14,263$495K137
004DTDynatrace Inc0.78%7,724$490K189
005OPLNOpenlane Inc0.76%13,097$481K130
006XPXp Inc Class A0.74%14,547$469K100
007DIODDiodes Inc0.70%4,645$441K133
008ARWArrow Electronics Inc0.68%1,868$426K171
009ADEAAdeia Inc0.66%17,520$419K130
010DGIIDigi International Inc0.65%5,440$411K124
011VIAVViavi Solutions Inc0.65%9,045$411K148
012TKRTimken Co0.64%3,470$403K156
013SSentinelone Inc Class A0.63%15,049$395K124
014FTDRFrontdoor Inc0.61%4,820$385K144
015MCRIMonarch Casino & Resort Inc0.61%3,348$383K127

Showing 1–15 of 489 holdings

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$12,314
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. SYZ $12,314. SPY $12,044. Use the arrow keys to read each point.$9,502$11,415$13,328Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+16.7%
1 month−1.4%
3 months−2.8%
1 year+23.1%
3 yearsHistory unavailableper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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+16.7%
2025+0.9%

History from Sep 15, 2025

SYZ in the news

Filtered to SYZ · US Active Small-Cap

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

SYZ Risk

How much the fund’s monthly returns vary, scaled to a year.
14.8%
Annualised · 12 months to Sep 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.
0.84
vs 3-month T-bills · 12 months to Sep 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%
12 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.

SYZ Cost

Expense ratio0.60%
  • The middle half of US Active Small-Cap funds
  • Median 0.55%

20 of the 39 US Active Small-Cap funds charge less.

SYZ costs $60.00 a year on $10,000. The median US Active Small-Cap fund costs $55.00.

Other funds in US Active Small-Cap

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