EISMX vs. NEEIX
EISMX (Eaton Vance Atlanta Capital SMID-Cap Fund) and NEEIX (Needham Growth Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 5 years, EISMX returned 5.08%/yr vs 10.10%/yr for NEEIX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. EISMX charges 0.88%/yr vs 1.21%/yr for NEEIX.
Performance
EISMX vs. NEEIX - Performance Comparison
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Returns By Period
In the year-to-date period, EISMX achieves a 5.24% return, which is significantly lower than NEEIX's 34.81% return.
EISMX
- 1D
- -1.07%
- 1M
- 3.30%
- 6M
- 3.91%
- YTD
- 5.24%
- 1Y
- 2.39%
- 3Y*
- 6.91%
- 5Y*
- 5.08%
- 10Y*
- 10.34%
- ALL TIME*
- 10.64%
NEEIX
- 1D
- 5.86%
- 1M
- -9.99%
- 6M
- 17.35%
- YTD
- 34.81%
- 1Y
- 52.00%
- 3Y*
- 18.86%
- 5Y*
- 10.10%
- 10Y*
- —
- ALL TIME*
- 14.98%
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 |
EISMX vs. NEEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | 5.24% | -5.66% | 17.64% | 14.01% | -8.77% | 22.02% | 11.31% | 34.37% | -5.55% | 24.71% |
NEEIX Needham Growth Fund Institutional Class | 34.81% | 9.32% | 19.26% | 27.30% | -33.26% | 28.13% | 42.39% | 43.15% | -10.13% | 8.47% |
Correlation
The correlation between EISMX and NEEIX 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. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.69 |
Over the past year, the correlation between EISMX and NEEIX has dropped to 0.31 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
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Return for Risk
EISMX vs. NEEIX — Risk / Return Rank
EISMX
NEEIX
EISMX vs. NEEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX) 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.
| EISMX | NEEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.25 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 2.03 | -2.12 |
| Martin ratioReturn relative to average drawdown | -0.20 | 8.46 | -8.66 |
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Drawdowns
EISMX vs. NEEIX - Drawdown Comparison
The maximum EISMX drawdown since its inception was -45.32%, which is greater than NEEIX's maximum drawdown of -43.11%. Use the drawdown chart below to compare losses from any high point for EISMX and NEEIX.
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Drawdown Indicators
| EISMX | NEEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.32% | -43.11% | -2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -12.69% | -23.12% | +10.43% |
Max Drawdown (3Y)Largest decline over 3 years | -19.39% | -36.13% | +16.74% |
Max Drawdown (5Y)Largest decline over 5 years | -19.81% | -43.11% | +23.30% |
Max Drawdown (10Y)Largest decline over 10 years | -39.95% | — | — |
Current DrawdownCurrent decline from peak | -6.45% | -18.62% | +12.17% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -10.82% | +4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.40% | 5.66% | +0.74% |
Volatility
EISMX vs. NEEIX - Volatility Comparison
The current volatility for Eaton Vance Atlanta Capital SMID-Cap Fund (EISMX) is 5.63%, while Needham Growth Fund Institutional Class (NEEIX) has a volatility of 12.98%. This indicates that EISMX 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
| EISMX | NEEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 12.98% | -7.35% |
Volatility (6M)Calculated over the trailing 6-month period | 12.13% | 26.84% | -14.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.19% | 32.46% | -16.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.21% | 29.43% | -12.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.87% | 26.32% | -7.45% |
EISMX vs. NEEIX - Expense Ratio Comparison
EISMX has a 0.88% expense ratio, which is lower than NEEIX's 1.21% expense ratio.
Dividends
EISMX vs. NEEIX - Dividend Comparison
EISMX's dividend yield for the trailing twelve months is around 6.11%, more than NEEIX's 5.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EISMX Eaton Vance Atlanta Capital SMID-Cap Fund | 6.11% | 6.43% | 7.26% | 2.78% | 10.37% | 10.49% | 9.80% | 6.52% | 7.20% | 3.30% | 3.58% | 6.70% |
NEEIX Needham Growth Fund Institutional Class | 5.31% | 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
EISMX and NEEIX 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.
NEEIX has higher volatility (12.98%) compared to EISMX (5.63%). In terms of maximum drawdown, EISMX dropped -45.32% vs NEEIX's -43.11%.
NEEIX currently has the higher Sharpe Ratio (1.44 vs -0.08), 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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