CIPIX vs. NEEGX
CIPIX (Champlain Mid Cap Fund Institutional Class) and NEEGX (Needham Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, CIPIX returned 9.22%/yr vs 14.06%/yr for NEEGX. Their correlation of 0.81 means they have usually moved in the same direction. CIPIX charges 0.84%/yr vs 1.78%/yr for NEEGX.
Performance
CIPIX vs. NEEGX - Performance Comparison
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Returns By Period
In the year-to-date period, CIPIX achieves a 2.75% return, which is significantly lower than NEEGX's 34.50% return. Over the past 10 years, CIPIX has underperformed NEEGX with an annualized return of 9.22%, while NEEGX has yielded a comparatively higher 14.06% annualized return.
CIPIX
- 1D
- -0.19%
- 1M
- -0.93%
- 6M
- 3.60%
- YTD
- 2.75%
- 1Y
- 3.68%
- 3Y*
- 4.34%
- 5Y*
- 0.10%
- 10Y*
- 9.22%
- ALL TIME*
- 9.78%
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 |
CIPIX vs. NEEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIPIX Champlain Mid Cap Fund Institutional Class | 2.75% | 1.66% | 5.93% | 15.66% | -26.32% | 24.78% | 29.40% | 26.56% | 3.65% | 13.98% |
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 CIPIX and NEEGX is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011 | 0.81 |
Over the past year, the correlation between CIPIX and NEEGX has dropped to 0.49 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
CIPIX vs. NEEGX — Risk / Return Rank
CIPIX
NEEGX
CIPIX vs. NEEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Champlain Mid Cap Fund Institutional Class (CIPIX) 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.
| CIPIX | NEEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.43 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.24 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.00 | 2.00 | -2.00 |
| Martin ratioReturn relative to average drawdown | -0.01 | 8.32 | -8.33 |
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Drawdowns
CIPIX vs. NEEGX - Drawdown Comparison
The maximum CIPIX drawdown since its inception was -33.84%, smaller than the maximum NEEGX drawdown of -53.60%. Use the drawdown chart below to compare losses from any high point for CIPIX and NEEGX.
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Drawdown Indicators
| CIPIX | NEEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.84% | -53.60% | +19.76% |
Max Drawdown (1Y)Largest decline over 1 year | -14.65% | -23.15% | +8.50% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -38.66% | +15.96% |
Max Drawdown (5Y)Largest decline over 5 years | -33.02% | -43.35% | +10.33% |
Max Drawdown (10Y)Largest decline over 10 years | -33.84% | -43.35% | +9.51% |
Current DrawdownCurrent decline from peak | -7.65% | -18.65% | +11.00% |
Average DrawdownAverage peak-to-trough decline | -7.32% | -10.88% | +3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.71% | 5.68% | +0.03% |
Volatility
CIPIX vs. NEEGX - Volatility Comparison
The current volatility for Champlain Mid Cap Fund Institutional Class (CIPIX) is 3.65%, while Needham Growth Fund (NEEGX) has a volatility of 12.98%. This indicates that CIPIX 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
| CIPIX | NEEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 12.98% | -9.33% |
Volatility (6M)Calculated over the trailing 6-month period | 11.39% | 26.85% | -15.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.14% | 32.47% | -17.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.12% | 29.42% | -10.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.81% | 25.90% | -7.09% |
CIPIX vs. NEEGX - Expense Ratio Comparison
CIPIX has a 0.84% expense ratio, which is lower than NEEGX's 1.78% expense ratio.
Dividends
CIPIX vs. NEEGX - Dividend Comparison
CIPIX's dividend yield for the trailing twelve months is around 16.77%, more than NEEGX's 5.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIPIX Champlain Mid Cap Fund Institutional Class | 16.77% | 17.23% | 7.33% | 0.31% | 1.39% | 9.92% | 4.49% | 4.01% | 6.57% | 0.14% | 4.28% | 8.40% |
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
CIPIX and NEEGX have a correlation of 0.49, 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 CIPIX (3.65%). In terms of maximum drawdown, CIPIX dropped -33.84% vs NEEGX's -53.60%.
NEEGX currently has the higher Sharpe Ratio (1.42 vs -0.00), 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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