BFGIX vs. NEEGX
BFGIX (Baron Focused Growth Fund Institutional Shares) and NEEGX (Needham Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, BFGIX returned 20.58%/yr vs 14.06%/yr for NEEGX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. BFGIX charges 1.05%/yr vs 1.78%/yr for NEEGX.
Performance
BFGIX vs. NEEGX - Performance Comparison
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Returns By Period
In the year-to-date period, BFGIX achieves a 0.07% return, which is significantly lower than NEEGX's 34.50% return. Over the past 10 years, BFGIX has outperformed NEEGX with an annualized return of 20.58%, while NEEGX has yielded a comparatively lower 14.06% annualized return.
BFGIX
- 1D
- -2.25%
- 1M
- -8.17%
- 6M
- 3.74%
- YTD
- 0.07%
- 1Y
- 16.90%
- 3Y*
- 16.97%
- 5Y*
- 11.13%
- 10Y*
- 20.58%
- ALL TIME*
- 16.62%
NEEGX
- 1D
- 5.86%
- 1M
- -10.02%
- 6M
- 17.12%
- YTD
- 34.50%
- 1Y
- 51.33%
- 3Y*
- 16.90%
- 5Y*
- 8.81%
- 10Y*
- 14.06%
- ALL TIME*
- 12.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
NEEGX Needham Growth Fund | $0.00 | $0.00 | $0.00 |
BFGIX vs. NEEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BFGIX Baron Focused Growth Fund Institutional Shares | 0.07% | 22.26% | 29.85% | 27.78% | -28.05% | 19.00% | 122.92% | 30.34% | 4.08% | 26.58% |
NEEGX Needham Growth Fund | 34.50% | 8.76% | 14.45% | 26.85% | -33.57% | 27.63% | 41.73% | 42.33% | -10.56% | 8.33% |
Correlation
The correlation between BFGIX and NEEGX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 29, 2009 | 0.74 |
Over the past year, the correlation between BFGIX and NEEGX has dropped to 0.31 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
BFGIX vs. NEEGX — Risk / Return Rank
BFGIX
NEEGX
BFGIX vs. NEEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Focused Growth Fund Institutional Shares (BFGIX) and Needham Growth Fund (NEEGX). 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.
| BFGIX | NEEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.24 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 2.00 | -1.13 |
| Martin ratioReturn relative to average drawdown | 2.85 | 8.32 | -5.47 |
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Drawdowns
BFGIX vs. NEEGX - Drawdown Comparison
The maximum BFGIX drawdown since its inception was -43.62%, smaller than the maximum NEEGX drawdown of -53.60%. Use the drawdown chart below to compare losses from any high point for BFGIX and NEEGX.
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Drawdown Indicators
| BFGIX | NEEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.62% | -53.60% | +9.98% |
Max Drawdown (1Y)Largest decline over 1 year | -16.48% | -23.15% | +6.67% |
Max Drawdown (3Y)Largest decline over 3 years | -20.97% | -38.66% | +17.69% |
Max Drawdown (5Y)Largest decline over 5 years | -35.71% | -43.35% | +7.64% |
Max Drawdown (10Y)Largest decline over 10 years | -43.62% | -43.35% | -0.27% |
Current DrawdownCurrent decline from peak | -13.64% | -18.65% | +5.01% |
Average DrawdownAverage peak-to-trough decline | -7.86% | -10.88% | +3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.02% | 5.68% | -0.66% |
Volatility
BFGIX vs. NEEGX - Volatility Comparison
The current volatility for Baron Focused Growth Fund Institutional Shares (BFGIX) is 7.16%, while Needham Growth Fund (NEEGX) has a volatility of 12.98%. This indicates that BFGIX experiences smaller price fluctuations and is considered to be less risky than NEEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BFGIX | NEEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.16% | 12.98% | -5.82% |
Volatility (6M)Calculated over the trailing 6-month period | 17.27% | 26.85% | -9.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.13% | 32.47% | -9.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.00% | 29.42% | -6.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.28% | 25.90% | -1.62% |
BFGIX vs. NEEGX - Expense Ratio Comparison
BFGIX has a 1.05% expense ratio, which is lower than NEEGX's 1.78% expense ratio.
Dividends
BFGIX vs. NEEGX - Dividend Comparison
BFGIX has not paid dividends to shareholders, while NEEGX's dividend yield for the trailing twelve months is around 5.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFGIX Baron Focused Growth Fund Institutional Shares | 0.00% | 0.00% | 0.00% | 0.00% | 11.79% | 15.01% | 2.78% | 1.74% | 1.05% | 2.07% | 5.92% | 6.01% |
NEEGX Needham Growth Fund | 5.63% | 7.57% | 3.92% | 0.00% | 1.78% | 6.92% | 5.73% | 11.31% | 17.79% | 9.70% | 4.22% | 6.74% |
Frequently Asked Questions
BFGIX and NEEGX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEEGX has higher volatility (12.98%) compared to BFGIX (7.16%). In terms of maximum drawdown, BFGIX dropped -43.62% vs NEEGX's -53.60%.
NEEGX currently has the higher Sharpe Ratio (1.42 vs 0.62), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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