- Issuer
- Needham
- Inception Date
- Dec 30, 2016
- Category
- Small Cap Growth Equities
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
NESIX Performance Chart
Needham Small Cap Growth Fund Institutional (NESIX) is up 84.6% since the beginning of the year. NESIX is currently trading at $40 per share. Investors who bought $1,000 worth of NESIX shares 5 years ago would now be looking at an investment worth $1,662.
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Returns By Period
Needham Small Cap Growth Fund Institutional (NESIX) has returned 84.62% so far this year and 126.23% over the past 12 months.
Needham Small Cap Growth Fund Institutional
- 1D
- 3.45%
- 1M
- 10.97%
- YTD
- 84.62%
- 6M
- 79.78%
- 1Y
- 126.23%
- 3Y*
- 33.61%
- 5Y*
- 10.69%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
NESIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2017, NESIX's average daily return is +0.09%, while the average monthly return is +1.81%. At this rate, an investment would double in approximately 3.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2026 with a return of +27.6%, 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 52% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.36% | 5.94% | -2.09% | 27.58% | 17.13% | 6.95% | 84.62% | ||||||
| 2025 | 1.98% | -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% |
| 2023 | 12.86% | -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% |
| 2021 | 8.48% | 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 6.35%, beta of 1.07, and R2 of 0.55 versus S&P 500 Index. Calculated based on daily prices since January 03, 2017.
- This fund captured 124.37% of S&P 500 Index gains and 100.63% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 6.35% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.07 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
- 6.35%
- Beta
- 1.07
- R²
- 0.55
- Upside Capture
- 124.37%
- Downside Capture
- 100.63%
Expense Ratio
NESIX has a high expense ratio of 1.18%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
NESIX ranks 95 for risk / return — in the top 95% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Needham Small Cap Growth Fund Institutional (NESIX) and compare them to S&P 500 Index.
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.
| NESIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.37 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 7.25 | 2.78 | +4.46 |
| Martin ratioReturn relative to average drawdown | 29.54 | 12.44 | +17.10 |
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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $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.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -49.61%Oct 2023 | 1y 11mo | 2y 2mo | 4y 2moNov 2021 - Jan 2026 |
COVID crash2020 | -31.53%Mar 2020 | 2mo 1d | 1mo 12d | 3mo 13dJan 2020 - Apr 2020 |
Rate-hike selloffLate 2018 | -21.99%Dec 2018 | 2mo 21d | 1mo 23d | 4mo 14dOct 2018 - Feb 2019 |
2021 correction2021 | -16.24%May 2021 | 2mo 24d | 5mo 27d | 8mo 21dFeb 2021 - Nov 2021 |
2018 correction2018 | -12.37%Feb 2018 | 2mo 11d | 3mo 28d | 6mo 9dNov 2017 - Jun 2018 |
Drawdown Indicators
| NESIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.61% | -56.78% | +7.17% |
Max Drawdown (1Y)Largest decline over 1 year | -17.12% | -9.10% | -8.02% |
Max Drawdown (3Y)Largest decline over 3 years | -35.21% | -18.90% | -16.31% |
Max Drawdown (5Y)Largest decline over 5 years | -49.61% | -25.43% | -24.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -14.93% | -10.71% | -4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 2.03% | +2.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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