HFCGX vs. NEAGX
Compare and contrast key facts about Hennessy Cornerstone Growth Fund (HFCGX) and Needham Aggressive Growth Fund (NEAGX).
HFCGX is managed by Hennessy. It was launched on Nov 1, 1996. NEAGX is managed by Needham. It was launched on Sep 4, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HFCGX or NEAGX.
Key characteristics
| HFCGX | NEAGX | |
|---|---|---|
| YTD Return | 29.49% | 11.74% |
| 1Y Return | 39.46% | 24.44% |
| 3Y Return (Ann) | 17.27% | 7.68% |
| 5Y Return (Ann) | 19.62% | 21.31% |
| 10Y Return (Ann) | 9.95% | 13.81% |
| Sharpe Ratio | 1.78 | 1.10 |
| Daily Std Dev | 22.29% | 21.78% |
| Max Drawdown | -62.35% | -41.80% |
| Current Drawdown | -1.61% | -9.92% |
Correlation
The correlation between HFCGX and NEAGX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
HFCGX vs. NEAGX - Performance Comparison
In the year-to-date period, HFCGX achieves a 29.49% return, which is significantly higher than NEAGX's 11.74% return. Over the past 10 years, HFCGX has underperformed NEAGX with an annualized return of 9.95%, while NEAGX has yielded a comparatively higher 13.81% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HFCGX vs. NEAGX - Expense Ratio Comparison
HFCGX has a 1.34% expense ratio, which is lower than NEAGX's 1.86% expense ratio.
Risk-Adjusted Performance
HFCGX vs. NEAGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hennessy Cornerstone Growth Fund (HFCGX) and Needham Aggressive Growth Fund (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.
Dividends
HFCGX vs. NEAGX - Dividend Comparison
HFCGX's dividend yield for the trailing twelve months is around 0.29%, while NEAGX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
HFCGX Hennessy Cornerstone Growth Fund | 0.29% | 0.38% | 3.58% | 26.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% | 0.00% |
NEAGX Needham Aggressive Growth Fund | 0.00% | 0.00% | 0.00% | 7.10% | 3.91% | 10.64% | 16.57% | 5.17% | 6.72% | 11.88% | 3.02% |
Drawdowns
HFCGX vs. NEAGX - Drawdown Comparison
The maximum HFCGX drawdown since its inception was -62.35%, which is greater than NEAGX's maximum drawdown of -41.80%. Use the drawdown chart below to compare losses from any high point for HFCGX and NEAGX. For additional features, visit the drawdowns tool.
Volatility
HFCGX vs. NEAGX - Volatility Comparison
Hennessy Cornerstone Growth Fund (HFCGX) and Needham Aggressive Growth Fund (NEAGX) have volatilities of 7.25% and 7.25%, 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.