FAMFX vs. NEAIX
FAMFX (FAM Small Cap Fund) and NEAIX (Needham Aggressive Growth Fund Institutional Class) are both Small Cap Growth Equities funds. Over the past 5 years, FAMFX returned 2.79%/yr vs 17.76%/yr for NEAIX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. FAMFX charges 1.27%/yr vs 1.20%/yr for NEAIX.
Performance
FAMFX vs. NEAIX - Performance Comparison
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Returns By Period
In the year-to-date period, FAMFX achieves a 2.21% return, which is significantly lower than NEAIX's 32.18% return.
FAMFX
- 1D
- -1.82%
- 1M
- 1.53%
- 6M
- 2.84%
- YTD
- 2.21%
- 1Y
- -3.18%
- 3Y*
- 2.48%
- 5Y*
- 2.79%
- 10Y*
- 7.30%
- ALL TIME*
- 9.24%
NEAIX
- 1D
- 4.76%
- 1M
- -12.09%
- 6M
- 19.43%
- YTD
- 32.18%
- 1Y
- 49.74%
- 3Y*
- 24.92%
- 5Y*
- 17.76%
- 10Y*
- —
- ALL TIME*
- 19.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
FAMFX FAM Small Cap Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
FAMFX vs. NEAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAMFX FAM Small Cap Fund | 2.21% | -11.60% | 12.43% | 20.10% | -12.42% | 27.72% | 10.10% | 26.89% | -8.54% | 4.56% |
NEAIX Needham Aggressive Growth Fund Institutional Class | 32.18% | 26.99% | 14.86% | 38.37% | -27.02% | 38.46% | 52.49% | 44.68% | -15.64% | 10.07% |
Correlation
The correlation between FAMFX and NEAIX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.68 |
Over the past year, the correlation between FAMFX and NEAIX has dropped to 0.32 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
FAMFX vs. NEAIX — Risk / Return Rank
FAMFX
NEAIX
FAMFX vs. NEAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FAM Small Cap Fund (FAMFX) and Needham Aggressive Growth Fund Institutional Class (NEAIX). 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.
| FAMFX | NEAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.25 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 1.94 | -2.26 |
| Martin ratioReturn relative to average drawdown | -0.57 | 8.42 | -8.98 |
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Drawdowns
FAMFX vs. NEAIX - Drawdown Comparison
The maximum FAMFX drawdown since its inception was -39.66%, which is greater than NEAIX's maximum drawdown of -35.93%. Use the drawdown chart below to compare losses from any high point for FAMFX and NEAIX.
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Drawdown Indicators
| FAMFX | NEAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.66% | -35.93% | -3.73% |
Max Drawdown (1Y)Largest decline over 1 year | -21.49% | -24.09% | +2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -28.71% | -28.21% | -0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -28.71% | -35.93% | +7.22% |
Max Drawdown (10Y)Largest decline over 10 years | -39.66% | — | — |
Current DrawdownCurrent decline from peak | -16.95% | -20.48% | +3.53% |
Average DrawdownAverage peak-to-trough decline | -6.11% | -8.60% | +2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.17% | 5.53% | +6.64% |
Volatility
FAMFX vs. NEAIX - Volatility Comparison
The current volatility for FAM Small Cap Fund (FAMFX) is 6.60%, while Needham Aggressive Growth Fund Institutional Class (NEAIX) has a volatility of 13.04%. This indicates that FAMFX experiences smaller price fluctuations and is considered to be less risky than NEAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FAMFX | NEAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.60% | 13.04% | -6.44% |
Volatility (6M)Calculated over the trailing 6-month period | 13.91% | 26.26% | -12.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.35% | 30.84% | -12.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.91% | 25.66% | -6.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.56% | 25.07% | -5.51% |
FAMFX vs. NEAIX - Expense Ratio Comparison
FAMFX has a 1.27% expense ratio, which is higher than NEAIX's 1.20% expense ratio.
Dividends
FAMFX vs. NEAIX - Dividend Comparison
FAMFX's dividend yield for the trailing twelve months is around 3.34%, more than NEAIX's 1.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAMFX FAM Small Cap Fund | 3.34% | 3.41% | 4.43% | 6.44% | 0.36% | 6.55% | 0.00% | 0.47% | 10.85% | 2.15% | 2.99% | 0.24% |
NEAIX Needham Aggressive Growth Fund Institutional Class | 1.52% | 2.01% | 0.00% | 0.00% | 0.00% | 6.84% | 3.80% | 10.42% | 16.35% | 5.14% | 0.00% | 0.00% |
Frequently Asked Questions
FAMFX and NEAIX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEAIX has higher volatility (13.04%) compared to FAMFX (6.60%). In terms of maximum drawdown, FAMFX dropped -39.66% vs NEAIX's -35.93%.
NEAIX currently has the higher Sharpe Ratio (1.51 vs -0.38), 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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