BQMGX vs. NEEIX
BQMGX (Bright Rock Mid Cap Growth Fund) and NEEIX (Needham Growth Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 5 years, BQMGX returned 2.47%/yr vs 10.28%/yr for NEEIX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. BQMGX charges 1.07%/yr vs 1.21%/yr for NEEIX.
Performance
BQMGX vs. NEEIX - Performance Comparison
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Returns By Period
In the year-to-date period, BQMGX achieves a 1.02% return, which is significantly lower than NEEIX's 35.91% return.
BQMGX
- 1D
- 0.34%
- 1M
- 0.46%
- 6M
- -0.54%
- YTD
- 1.02%
- 1Y
- -1.20%
- 3Y*
- 4.86%
- 5Y*
- 2.47%
- 10Y*
- 8.98%
- ALL TIME*
- 9.44%
NEEIX
- 1D
- 0.82%
- 1M
- -9.25%
- 6M
- 17.09%
- YTD
- 35.91%
- 1Y
- 53.25%
- 3Y*
- 19.26%
- 5Y*
- 10.28%
- 10Y*
- —
- ALL TIME*
- 15.07%
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 |
BQMGX vs. NEEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BQMGX Bright Rock Mid Cap Growth Fund | 1.02% | -0.29% | 14.16% | 13.00% | -19.44% | 23.02% | 19.62% | 32.05% | -6.68% | 22.16% |
NEEIX Needham Growth Fund Institutional Class | 35.91% | 9.32% | 19.26% | 27.30% | -33.26% | 28.13% | 42.39% | 43.15% | -10.13% | 8.47% |
Correlation
The correlation between BQMGX and NEEIX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.75 |
Over the past year, the correlation between BQMGX and NEEIX has dropped to 0.40 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
BQMGX vs. NEEIX — Risk / Return Rank
BQMGX
NEEIX
BQMGX vs. NEEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bright Rock Mid Cap Growth Fund (BQMGX) 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.
| BQMGX | NEEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.27 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 2.21 | -2.41 |
| Martin ratioReturn relative to average drawdown | -0.42 | 9.05 | -9.47 |
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Drawdowns
BQMGX vs. NEEIX - Drawdown Comparison
The maximum BQMGX drawdown since its inception was -36.05%, smaller than the maximum NEEIX drawdown of -43.11%. Use the drawdown chart below to compare losses from any high point for BQMGX and NEEIX.
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Drawdown Indicators
| BQMGX | NEEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.05% | -43.11% | +7.06% |
Max Drawdown (1Y)Largest decline over 1 year | -11.62% | -23.12% | +11.50% |
Max Drawdown (3Y)Largest decline over 3 years | -18.72% | -36.13% | +17.41% |
Max Drawdown (5Y)Largest decline over 5 years | -25.92% | -43.11% | +17.19% |
Max Drawdown (10Y)Largest decline over 10 years | -36.05% | — | — |
Current DrawdownCurrent decline from peak | -5.13% | -17.95% | +12.82% |
Average DrawdownAverage peak-to-trough decline | -5.88% | -10.83% | +4.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 5.64% | -0.13% |
Volatility
BQMGX vs. NEEIX - Volatility Comparison
The current volatility for Bright Rock Mid Cap Growth Fund (BQMGX) is 3.29%, while Needham Growth Fund Institutional Class (NEEIX) has a volatility of 12.55%. This indicates that BQMGX 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
| BQMGX | NEEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 12.55% | -9.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.38% | 26.85% | -17.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.41% | 32.46% | -20.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 29.42% | -12.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.92% | 26.31% | -8.39% |
BQMGX vs. NEEIX - Expense Ratio Comparison
BQMGX has a 1.07% expense ratio, which is lower than NEEIX's 1.21% expense ratio.
Dividends
BQMGX vs. NEEIX - Dividend Comparison
BQMGX's dividend yield for the trailing twelve months is around 4.08%, less than NEEIX's 5.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BQMGX Bright Rock Mid Cap Growth Fund | 4.08% | 4.12% | 5.99% | 0.00% | 5.90% | 8.05% | 5.27% | 3.50% | 0.00% | 0.08% | 1.07% | 5.80% |
NEEIX Needham Growth Fund Institutional Class | 5.27% | 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
BQMGX and NEEIX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEEIX has higher volatility (12.55%) compared to BQMGX (3.29%). In terms of maximum drawdown, BQMGX dropped -36.05% vs NEEIX's -43.11%.
NEEIX currently has the higher Sharpe Ratio (1.58 vs -0.19), 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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