FDEGX vs. NEEIX
FDEGX (Fidelity Growth Strategies Fund) and NEEIX (Needham Growth Fund Institutional Class) are both Mid Cap Growth Equities funds. Both are actively managed. Over the past 5 years, FDEGX returned 4.78%/yr vs 10.28%/yr for NEEIX. Their correlation of 0.85 means they have usually moved in the same direction. FDEGX charges 0.69%/yr vs 1.21%/yr for NEEIX.
Performance
FDEGX vs. NEEIX - Performance Comparison
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Returns By Period
In the year-to-date period, FDEGX achieves a 4.13% return, which is significantly lower than NEEIX's 35.91% return.
FDEGX
- 1D
- 0.48%
- 1M
- -6.20%
- 6M
- 3.37%
- YTD
- 4.13%
- 1Y
- -5.01%
- 3Y*
- 11.67%
- 5Y*
- 4.78%
- 10Y*
- 11.32%
- 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 |
FDEGX vs. NEEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDEGX Fidelity Growth Strategies Fund | 4.13% | 2.88% | 26.57% | 20.93% | -26.50% | 21.30% | 29.34% | 36.59% | -6.92% | 21.03% |
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 FDEGX and NEEIX is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.85 |
The correlation between FDEGX and NEEIX has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.
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Return for Risk
FDEGX vs. NEEIX — Risk / Return Rank
FDEGX
NEEIX
FDEGX vs. NEEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Growth Strategies Fund (FDEGX) 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.
| FDEGX | NEEIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.27 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 2.21 | -2.54 |
| Martin ratioReturn relative to average drawdown | -0.80 | 9.05 | -9.85 |
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Drawdowns
FDEGX vs. NEEIX - Drawdown Comparison
The maximum FDEGX drawdown since its inception was -85.96%, which is greater than NEEIX's maximum drawdown of -43.11%. Use the drawdown chart below to compare losses from any high point for FDEGX and NEEIX.
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Drawdown Indicators
| FDEGX | NEEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.96% | -43.11% | -42.85% |
Max Drawdown (1Y)Largest decline over 1 year | -20.45% | -23.12% | +2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -26.04% | -36.13% | +10.09% |
Max Drawdown (5Y)Largest decline over 5 years | -36.62% | -43.11% | +6.49% |
Max Drawdown (10Y)Largest decline over 10 years | -36.62% | — | — |
Current DrawdownCurrent decline from peak | -10.69% | -17.95% | +7.26% |
Average DrawdownAverage peak-to-trough decline | -36.68% | -10.83% | -25.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.45% | 5.64% | +2.81% |
Volatility
FDEGX vs. NEEIX - Volatility Comparison
The current volatility for Fidelity Growth Strategies Fund (FDEGX) is 7.75%, while Needham Growth Fund Institutional Class (NEEIX) has a volatility of 12.55%. This indicates that FDEGX 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
| FDEGX | NEEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.75% | 12.55% | -4.80% |
Volatility (6M)Calculated over the trailing 6-month period | 18.44% | 26.85% | -8.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.04% | 32.46% | -8.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.73% | 29.42% | -5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.23% | 26.31% | -4.08% |
FDEGX vs. NEEIX - Expense Ratio Comparison
FDEGX has a 0.69% expense ratio, which is lower than NEEIX's 1.21% expense ratio.
Dividends
FDEGX vs. NEEIX - Dividend Comparison
FDEGX has not paid dividends to shareholders, while NEEIX's dividend yield for the trailing twelve months is around 5.27%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDEGX Fidelity Growth Strategies Fund | 0.00% | 0.00% | 7.89% | 0.05% | 0.00% | 14.15% | 8.37% | 3.65% | 0.75% | 0.05% | 0.59% | 0.13% |
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
FDEGX and NEEIX have a correlation of 0.85, 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 FDEGX (7.75%). In terms of maximum drawdown, FDEGX dropped -85.96% vs NEEIX's -43.11%.
NEEIX currently has the higher Sharpe Ratio (1.58 vs -0.28), 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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