FGSIX vs. NEAGX
FGSIX (Federated MDT Mid Cap Growth Fund Institutional Shares) and NEAGX (Needham Aggressive Growth Fund Retail Class) are both mutual funds - FGSIX is a Mid Cap Growth Equities fund actively managed by Federated, while NEAGX is a Small Cap Growth Equities fund actively managed by Needham. Both are actively managed. Over the past 10 years, FGSIX returned 14.83%/yr vs 19.67%/yr for NEAGX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. FGSIX charges 0.85%/yr vs 1.64%/yr for NEAGX.
Performance
FGSIX vs. NEAGX - Performance Comparison
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Returns By Period
In the year-to-date period, FGSIX achieves a -0.65% return, which is significantly lower than NEAGX's 31.89% return. Over the past 10 years, FGSIX has underperformed NEAGX with an annualized return of 14.83%, while NEAGX has yielded a comparatively higher 19.67% annualized return.
FGSIX
- 1D
- 2.56%
- 1M
- -1.52%
- 6M
- 0.26%
- YTD
- -0.65%
- 1Y
- -1.62%
- 3Y*
- 15.84%
- 5Y*
- 8.19%
- 10Y*
- 14.83%
- ALL TIME*
- 13.50%
NEAGX
- 1D
- 4.76%
- 1M
- -12.12%
- 6M
- 19.20%
- YTD
- 31.89%
- 1Y
- 49.17%
- 3Y*
- 24.32%
- 5Y*
- 17.14%
- 10Y*
- 19.67%
- ALL TIME*
- 12.93%
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 |
FGSIX vs. NEAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGSIX Federated MDT Mid Cap Growth Fund Institutional Shares | -0.65% | 10.87% | 33.37% | 27.44% | -24.39% | 22.77% | 35.86% | 28.34% | -3.00% | 24.70% |
NEAGX Needham Aggressive Growth Fund Retail Class | 31.89% | 26.40% | 14.31% | 37.65% | -27.53% | 37.56% | 51.53% | 43.82% | -16.09% | 8.75% |
Correlation
The correlation between FGSIX and NEAGX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2010 | 0.77 |
Over the past year, the correlation between FGSIX and NEAGX has dropped to 0.30 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
FGSIX vs. NEAGX — Risk / Return Rank
FGSIX
NEAGX
FGSIX vs. NEAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federated MDT Mid Cap Growth Fund Institutional Shares (FGSIX) and Needham Aggressive Growth Fund Retail Class (NEAGX). 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.
| FGSIX | NEAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.25 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 1.91 | -1.99 |
| Martin ratioReturn relative to average drawdown | -0.21 | 8.29 | -8.50 |
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Drawdowns
FGSIX vs. NEAGX - Drawdown Comparison
The maximum FGSIX drawdown since its inception was -37.16%, smaller than the maximum NEAGX drawdown of -41.80%. Use the drawdown chart below to compare losses from any high point for FGSIX and NEAGX.
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Drawdown Indicators
| FGSIX | NEAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.16% | -41.80% | +4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -13.36% | -24.12% | +10.76% |
Max Drawdown (3Y)Largest decline over 3 years | -24.46% | -28.49% | +4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -35.67% | -36.31% | +0.64% |
Max Drawdown (10Y)Largest decline over 10 years | -37.16% | -36.31% | -0.85% |
Current DrawdownCurrent decline from peak | -4.91% | -20.51% | +15.60% |
Average DrawdownAverage peak-to-trough decline | -7.04% | -8.67% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.03% | 5.54% | -0.51% |
Volatility
FGSIX vs. NEAGX - Volatility Comparison
The current volatility for Federated MDT Mid Cap Growth Fund Institutional Shares (FGSIX) is 4.97%, while Needham Aggressive Growth Fund Retail Class (NEAGX) has a volatility of 13.05%. This indicates that FGSIX experiences smaller price fluctuations and is considered to be less risky than NEAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FGSIX | NEAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.97% | 13.05% | -8.08% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 26.27% | -12.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.66% | 30.84% | -13.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.53% | 25.66% | -3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.26% | 24.70% | -2.44% |
FGSIX vs. NEAGX - Expense Ratio Comparison
FGSIX has a 0.85% expense ratio, which is lower than NEAGX's 1.64% expense ratio.
Dividends
FGSIX vs. NEAGX - Dividend Comparison
FGSIX's dividend yield for the trailing twelve months is around 4.59%, more than NEAGX's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGSIX Federated MDT Mid Cap Growth Fund Institutional Shares | 4.59% | 4.56% | 4.02% | 0.00% | 2.17% | 24.31% | 6.77% | 7.83% | 14.02% | 13.59% | 1.11% | 24.86% |
NEAGX Needham Aggressive Growth Fund Retail Class | 1.62% | 2.14% | 0.00% | 0.00% | 0.00% | 7.10% | 3.91% | 10.64% | 16.57% | 5.17% | 6.72% | 11.88% |
Frequently Asked Questions
FGSIX and NEAGX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEAGX has higher volatility (13.05%) compared to FGSIX (4.97%). In terms of maximum drawdown, FGSIX dropped -37.16% vs NEAGX's -41.80%.
NEAGX currently has the higher Sharpe Ratio (1.49 vs -0.06), 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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