FTXFX vs. NESGX

Last updated Jun 4, 2026

FTXFX (FullerThaler Behavioral Small-Cap Growth Fund Class R6) and NESGX (Needham Small Cap Growth Fund) are both Small Cap Growth Equities funds. Over the past 5 years, FTXFX returned 16.38%/yr vs 10.36%/yr for NESGX. Their correlation of 0.82 suggests significant overlap in exposure. FTXFX charges 0.93%/yr vs 1.85%/yr for NESGX.

Performance

FTXFX vs. NESGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FullerThaler Behavioral Small-Cap Growth Fund Class R6 (FTXFX) and Needham Small Cap Growth Fund (NESGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTXFX achieves a 35.63% return, which is significantly lower than NESGX's 81.77% return.

FTXFX

• 1D: 2.74%
• 1M: 8.06%
• YTD: 35.63%
• 6M: 33.39%
• 1Y: 66.40%
• 3Y*: 31.46%
• 5Y*: 16.38%
• 10Y*: —

NESGX

• 1D: 4.01%
• 1M: 22.89%
• YTD: 81.77%
• 6M: 79.23%
• 1Y: 124.03%
• 3Y*: 33.11%
• 5Y*: 10.36%
• 10Y*: 20.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTXFX vs. NESGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
FTXFX FullerThaler Behavioral Small-Cap Growth Fund Class R6	35.63%	12.57%	28.99%	33.29%	-27.42%	25.60%	51.45%	19.27%	-3.62%
NESGX Needham Small Cap Growth Fund	81.77%	10.50%	12.76%	5.68%	-30.21%	10.59%	71.90%	54.42%	-8.63%

Correlation

The correlation between FTXFX and NESGX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jan 16, 2018	0.82

The correlation between FTXFX and NESGX has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.

Return for Risk

FTXFX vs. NESGX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTXFX

FTXFX Risk / Return Rank: 77
FTXFX Sharpe Ratio Rank: 80
FTXFX Sortino Ratio Rank: 57
FTXFX Omega Ratio Rank: 57
FTXFX Calmar Ratio Rank: 94
FTXFX Martin Ratio Rank: 95

NESGX

NESGX Risk / Return Rank: 95
NESGX Sharpe Ratio Rank: 99
NESGX Sortino Ratio Rank: 93
NESGX Omega Ratio Rank: 87
NESGX Calmar Ratio Rank: 98
NESGX Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTXFX vs. NESGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FullerThaler Behavioral Small-Cap Growth Fund Class R6 (FTXFX) and Needham Small Cap Growth Fund (NESGX). 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.

	FTXFX	NESGX	Difference
Sharpe ratio: Return per unit of total volatility	2.64	4.36	-1.72
Sortino ratio: Return per unit of downside risk	3.20	4.69	-1.49
Omega ratio: Gain probability vs. loss probability	1.42	1.61	-0.19
Calmar ratio: Return relative to maximum drawdown	5.57	7.69	-2.12
Martin ratio: Return relative to average drawdown	22.64	31.87	-9.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTXFX vs. NESGX - Sharpe Ratio Comparison

The current FTXFX Sharpe Ratio is 2.64, which is lower than the NESGX Sharpe Ratio of 4.36. The chart below compares the historical Sharpe Ratios of FTXFX and NESGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FTXFX	NESGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.64	4.36	-1.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.36	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.61	+0.06

Drawdowns

FTXFX vs. NESGX - Drawdown Comparison

The maximum FTXFX drawdown since its inception was -44.96%, smaller than the maximum NESGX drawdown of -50.29%. Use the drawdown chart below to compare losses from any high point for FTXFX and NESGX.

Drawdown Indicators

	FTXFX	NESGX	Difference
Max Drawdown Largest peak-to-trough decline	-44.96%	-50.29%	+5.33%
Max Drawdown (1Y) Largest decline over 1 year	-12.37%	-17.16%	+4.79%
Max Drawdown (3Y) Largest decline over 3 years	-32.36%	-35.27%	+2.91%
Max Drawdown (5Y) Largest decline over 5 years	-39.55%	-50.05%	+10.50%
Max Drawdown (10Y) Largest decline over 10 years	—	-50.29%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-12.43%	-11.66%	-0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	4.13%	-1.09%

Volatility

FTXFX vs. NESGX - Volatility Comparison

FullerThaler Behavioral Small-Cap Growth Fund Class R6 (FTXFX) and Needham Small Cap Growth Fund (NESGX) have volatilities of 8.52% and 8.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FTXFX	NESGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.52%	8.70%	-0.18%
Volatility (6M) Calculated over the trailing 6-month period	20.55%	21.09%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	26.10%	30.24%	-4.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.76%	29.27%	-2.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.70%	25.83%	+1.87%

FTXFX vs. NESGX - Expense Ratio Comparison

FTXFX has a 0.93% expense ratio, which is lower than NESGX's 1.85% expense ratio.

Dividends

FTXFX vs. NESGX - Dividend Comparison

Neither FTXFX nor NESGX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTXFX FullerThaler Behavioral Small-Cap Growth Fund Class R6	0.00%	0.00%	0.00%	0.00%	0.00%	16.94%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NESGX Needham Small Cap Growth Fund	0.00%	0.00%	0.00%	0.00%	4.16%	25.09%	13.69%	8.43%	22.26%	8.94%	6.67%	2.52%

Frequently Asked Questions

Can I hold both FTXFX and NESGX in my portfolio?

FTXFX and NESGX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FTXFX or NESGX?

NESGX has higher volatility (8.70%) compared to FTXFX (8.52%). In terms of maximum drawdown, FTXFX dropped -44.96% vs NESGX's -50.29%.

Which has better risk-adjusted returns?

NESGX currently has the higher Sharpe Ratio (4.36 vs 2.64), 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.