ASMNX vs. NESGX

Last updated Jun 25, 2026

ASMNX (AQR Small Cap Momentum Style Fund Class N) and NESGX (Needham Small Cap Growth Fund) are both Small Cap Growth Equities funds. Their correlation of 0.81 suggests significant overlap in exposure. ASMNX charges 0.88%/yr vs 1.85%/yr for NESGX.

Performance

ASMNX vs. NESGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AQR Small Cap Momentum Style Fund Class N (ASMNX) and Needham Small Cap Growth Fund (NESGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASMNX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NESGX

• 1D: -3.98%
• 1M: 6.08%
• YTD: 76.09%
• 6M: 71.96%
• 1Y: 105.84%
• 3Y*: 32.64%
• 5Y*: 8.43%
• 10Y*: 19.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASMNX vs. NESGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASMNX AQR Small Cap Momentum Style Fund Class N	17.21%	16.62%	16.62%	18.09%	-19.78%	15.05%	25.80%	25.69%	-12.36%	17.21%
NESGX Needham Small Cap Growth Fund	76.09%	10.50%	12.76%	5.68%	-30.21%	10.59%	71.90%	54.42%	-5.43%	11.96%

Correlation

The correlation between ASMNX and NESGX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.81

The correlation between ASMNX and NESGX has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.

Return for Risk

ASMNX vs. NESGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASMNX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

NESGX

NESGX Risk / Return Rank: 93
NESGX Sharpe Ratio Rank: 98
NESGX Sortino Ratio Rank: 90
NESGX Omega Ratio Rank: 85
NESGX Calmar Ratio Rank: 97
NESGX Martin Ratio Rank: 98

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.

ASMNX vs. NESGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AQR Small Cap Momentum Style Fund Class N (ASMNX) and Needham Small Cap Growth Fund (NESGX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ASMNX	NESGX	Difference
Sharpe ratio: Return per unit of total volatility	—	3.58	—
Sortino ratio: Return per unit of downside risk	—	3.98	—
Omega ratio: Gain probability vs. loss probability	—	1.52	—
Calmar ratio: Return relative to maximum drawdown	—	6.57	—
Martin ratio: Return relative to average drawdown	—	26.72	—

Drawdowns

Drawdown Indicators

	ASMNX	NESGX	Difference
Max Drawdown Largest peak-to-trough decline	—	-50.29%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-17.16%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-35.27%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-50.05%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.29%	—
Current Drawdown Current decline from peak	—	-4.36%	—
Average Drawdown Average peak-to-trough decline	—	-11.64%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.21%	—

Volatility

Volatility by Period

	ASMNX	NESGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.67%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	31.56%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	29.62%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	26.04%	—

ASMNX vs. NESGX - Expense Ratio Comparison

ASMNX has a 0.88% expense ratio, which is lower than NESGX's 1.85% expense ratio.

Dividends

ASMNX vs. NESGX - Dividend Comparison

ASMNX's dividend yield for the trailing twelve months is around 7.75%, while NESGX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASMNX AQR Small Cap Momentum Style Fund Class N	7.75%	8.05%	19.09%	3.54%	0.27%	24.51%	5.45%	3.83%	29.34%	9.61%	0.00%	0.97%
NESGX Needham Small Cap Growth Fund	0.00%	0.00%	0.00%	0.00%	4.16%	25.09%	13.69%	8.43%	22.26%	8.94%	6.67%	2.52%

Frequently Asked Questions

Can I hold both ASMNX and NESGX in my portfolio?

ASMNX and NESGX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.