BGRIX vs. NEEIX
BGRIX (Baron Growth Fund Institutional Shares) and NEEIX (Needham Growth Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 5 years, BGRIX returned -4.37%/yr vs 10.88%/yr for NEEIX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. BGRIX charges 1.05%/yr vs 1.21%/yr for NEEIX.
Performance
BGRIX vs. NEEIX - Performance Comparison
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Returns By Period
In the year-to-date period, BGRIX achieves a -6.83% return, which is significantly lower than NEEIX's 38.99% return.
BGRIX
- 1D
- 0.77%
- 1M
- 2.33%
- 6M
- 1.19%
- YTD
- -6.83%
- 1Y
- -15.40%
- 3Y*
- -4.53%
- 5Y*
- -4.37%
- 10Y*
- 7.46%
- ALL TIME*
- 10.49%
NEEIX
- 1D
- 2.27%
- 1M
- -7.20%
- 6M
- 20.42%
- YTD
- 38.99%
- 1Y
- 54.45%
- 3Y*
- 21.63%
- 5Y*
- 10.88%
- 10Y*
- —
- ALL TIME*
- 15.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BGRIX vs. NEEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGRIX Baron Growth Fund Institutional Shares | -6.83% | -14.21% | 4.90% | 14.97% | -22.35% | 20.13% | 33.10% | 40.54% | -2.68% | 27.45% |
NEEIX Needham Growth Fund Institutional Class | 38.99% | 9.32% | 19.26% | 27.30% | -33.26% | 28.13% | 42.39% | 43.15% | -10.13% | 8.47% |
Correlation
The correlation between BGRIX and NEEIX is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.65 |
The correlation between BGRIX and NEEIX shifts across timeframes, from -0.08 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BGRIX vs. NEEIX — Risk / Return Rank
BGRIX
NEEIX
BGRIX vs. NEEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Growth Fund Institutional Shares (BGRIX) and Needham Growth Fund Institutional Class (NEEIX). 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.
| BGRIX | NEEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -3.00 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.29 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 2.47 | -3.02 |
| Martin ratioReturn relative to average drawdown | -0.93 | 9.95 | -10.88 |
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Drawdowns
BGRIX vs. NEEIX - Drawdown Comparison
The maximum BGRIX drawdown since its inception was -41.12%, roughly equal to the maximum NEEIX drawdown of -43.11%. Use the drawdown chart below to compare losses from any high point for BGRIX and NEEIX.
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Drawdown Indicators
| BGRIX | NEEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.12% | -43.11% | +1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -23.63% | -23.12% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -32.70% | -36.13% | +3.43% |
Max Drawdown (5Y)Largest decline over 5 years | -34.60% | -43.11% | +8.51% |
Max Drawdown (10Y)Largest decline over 10 years | -41.12% | — | — |
Current DrawdownCurrent decline from peak | -26.33% | -16.09% | -10.24% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -10.83% | +3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.61% | 5.72% | +8.89% |
Volatility
BGRIX vs. NEEIX - Volatility Comparison
The current volatility for Baron Growth Fund Institutional Shares (BGRIX) is 10.20%, while Needham Growth Fund Institutional Class (NEEIX) has a volatility of 11.80%. This indicates that BGRIX experiences smaller price fluctuations and is considered to be less risky than NEEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGRIX | NEEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 11.80% | -1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 19.45% | 26.81% | -7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.85% | 32.47% | -9.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.91% | 29.45% | -8.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 26.32% | -4.85% |
BGRIX vs. NEEIX - Expense Ratio Comparison
BGRIX has a 1.05% expense ratio, which is lower than NEEIX's 1.21% expense ratio.
Dividends
BGRIX vs. NEEIX - Dividend Comparison
BGRIX's dividend yield for the trailing twelve months is around 21.17%, more than NEEIX's 5.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRIX Baron Growth Fund Institutional Shares | 21.17% | 19.72% | 11.30% | 1.69% | 5.72% | 7.38% | 4.45% | 3.55% | 8.12% | 11.36% | 12.56% | 9.37% |
NEEIX Needham Growth Fund Institutional Class | 5.15% | 7.16% | 7.48% | 0.00% | 1.72% | 6.70% | 5.58% | 11.09% | 17.58% | 9.64% | 0.00% | 0.00% |
Frequently Asked Questions
BGRIX and NEEIX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEEIX has higher volatility (11.80%) compared to BGRIX (10.20%). In terms of maximum drawdown, BGRIX dropped -41.12% vs NEEIX's -43.11%.
NEEIX currently has the higher Sharpe Ratio (1.76 vs -0.60), 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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