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Needham Small Cap Growth Fund Institutional (NESIX...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Fund Info

Issuer
Needham
Inception Date
Dec 30, 2016
Distribution Policy
Accumulating
Asset Class
Equity
Asset Class Size
Small-Cap
Asset Class Style
Growth

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Needham Small Cap Growth Fund Institutional, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Needham Small Cap Growth Fund Institutional (NESIX) has returned 9.63% so far this year and 48.73% over the past 12 months.


Needham Small Cap Growth Fund Institutional

1D
-4.46%
1M
-7.08%
YTD
9.63%
6M
12.40%
1Y
48.73%
3Y*
11.47%
5Y*
1.26%
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jan 3, 2017, NESIX's average daily return is +0.07%, while the average monthly return is +1.35%. At this rate, your investment would double in approximately 4.3 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +22.5%, while the worst month was Apr 2022 at -16.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.

On a daily basis, NESIX closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +13.0%, while the worst single day was Apr 3, 2025 at -10.4%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202611.36%5.94%-7.08%9.63%
20251.98%-7.91%-12.75%-4.46%11.02%11.79%2.66%1.68%6.90%8.28%-7.56%2.43%11.16%
2024-8.41%10.31%2.56%-8.11%18.86%-3.46%5.90%-2.04%-0.20%-4.99%8.36%-2.57%13.47%
202312.86%-2.32%-4.15%-14.65%10.74%2.81%3.92%-10.97%-2.89%-13.74%14.09%16.58%5.85%
2022-9.54%-1.82%-0.23%-16.24%-3.05%-8.91%7.28%2.16%-11.10%5.92%4.56%-0.61%-29.71%
20218.48%3.74%-4.37%1.26%4.58%5.47%0.66%-0.40%-3.77%0.10%-5.20%1.21%11.36%

Benchmark Metrics

Needham Small Cap Growth Fund Institutional has an annualized alpha of 2.79%, beta of 1.06, and R² of 0.55 versus S&P 500 Index. Calculated based on daily prices since January 04, 2017.

  • This fund captured 113.36% of S&P 500 Index gains and 105.61% of its losses — amplifying both gains and losses, but participating more in upside than downside.
  • This fund generated an annualized alpha of 2.79% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
  • With beta of 1.06 and R² of 0.55, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

Alpha
2.79%
Beta
1.06
0.55
Upside Capture
113.36%
Downside Capture
105.61%

Expense Ratio

NESIX has a high expense ratio of 1.18%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

NESIX ranks 77 for risk / return — better than 77% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


NESIX Risk / Return Rank: 7777
Overall Rank
NESIX Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
NESIX Sortino Ratio Rank: 7575
Sortino Ratio Rank
NESIX Omega Ratio Rank: 6565
Omega Ratio Rank
NESIX Calmar Ratio Rank: 8989
Calmar Ratio Rank
NESIX Martin Ratio Rank: 8282
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Needham Small Cap Growth Fund Institutional (NESIX) and compare them to a chosen benchmark (S&P 500 Index).


NESIXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.34

0.90

+0.45

Sortino ratio

Return per unit of downside risk

1.91

1.39

+0.52

Omega ratio

Gain probability vs. loss probability

1.25

1.21

+0.04

Calmar ratio

Return relative to maximum drawdown

2.44

1.40

+1.04

Martin ratio

Return relative to average drawdown

8.21

6.61

+1.61

Explore NESIX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Needham Small Cap Growth Fund Institutional provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.


0.00%5.00%10.00%15.00%20.00%$0.00$1.00$2.00$3.00$4.00$5.00$6.00201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM202520242023202220212020201920182017
Dividend$0.00$0.00$0.00$0.00$0.64$5.82$3.53$1.48$2.76$1.40

Dividend yield

0.00%0.00%0.00%0.00%3.93%23.92%13.26%8.25%21.96%8.89%

Monthly Dividends

The table displays the monthly dividend distributions for Needham Small Cap Growth Fund Institutional. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.64$0.00$0.64
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$5.82$0.00$5.82

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Needham Small Cap Growth Fund Institutional. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Needham Small Cap Growth Fund Institutional was 49.61%, occurring on Oct 30, 2023. Recovery took 558 trading sessions.

The current Needham Small Cap Growth Fund Institutional drawdown is 9.15%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-49.61%Nov 8, 2021498Oct 30, 2023558Jan 22, 20261056
-31.53%Jan 17, 202042Mar 18, 202029Apr 29, 202071
-21.99%Oct 4, 201856Dec 24, 201836Feb 15, 201992
-16.24%Feb 17, 202160May 12, 2021124Nov 5, 2021184
-12.37%Nov 29, 201749Feb 8, 201881Jun 6, 2018130

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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