HISCX vs. NEAIX

Last updated Aug 1, 2026

HISCX (Hartford Small Cap Growth HLS Fund) and NEAIX (Needham Aggressive Growth Fund Institutional Class) are both Small Cap Growth Equities funds. Over the past 5 years, HISCX returned 3.19%/yr vs 17.76%/yr for NEAIX. Their correlation of 0.85 means they have usually moved in the same direction. HISCX charges 0.64%/yr vs 1.20%/yr for NEAIX.

Performance

HISCX vs. NEAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Small Cap Growth HLS Fund (HISCX) and Needham Aggressive Growth Fund Institutional Class (NEAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HISCX achieves a 16.88% return, which is significantly lower than NEAIX's 32.18% return.

HISCX

• 1D: 2.86%
• 1M: -4.42%
• 6M: 11.96%
• YTD: 16.88%
• 1Y: 31.09%
• 3Y*: 12.68%
• 5Y*: 3.19%
• 10Y*: 9.64%
• ALL TIME*: 7.70%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
HISCX Hartford Small Cap Growth HLS Fund	$0.00	$0.00	$0.00
NEAIX Needham Aggressive Growth Fund Institutional Class	$0.00	$0.00	$0.00

HISCX vs. NEAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HISCX Hartford Small Cap Growth HLS Fund	16.88%	6.50%	13.13%	18.42%	-29.00%	4.25%	33.20%	35.53%	-11.71%	20.07%
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 HISCX and NEAIX is 0.89, 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.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.87
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017	0.85

The correlation between HISCX and NEAIX has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.

Return for Risk

HISCX vs. NEAIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HISCX

HISCX Risk / Return Rank: 45
HISCX Sharpe Ratio Rank: 39
HISCX Sortino Ratio Rank: 40
HISCX Omega Ratio Rank: 36
HISCX Calmar Ratio Rank: 57
HISCX Martin Ratio Rank: 53

NEAIX

NEAIX Risk / Return Rank: 60
NEAIX Sharpe Ratio Rank: 64
NEAIX Sortino Ratio Rank: 56
NEAIX Omega Ratio Rank: 55
NEAIX Calmar Ratio Rank: 55
NEAIX Martin Ratio Rank: 69

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HISCX vs. NEAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Small Cap Growth HLS Fund (HISCX) 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.

	HISCX	NEAIX	Difference
Sharpe ratio: Return per unit of total volatility	1.21	1.51	-0.30
Sortino ratio: Return per unit of downside risk	1.79	2.00	-0.21
Omega ratio: Gain probability vs. loss probability	1.21	1.25	-0.04
Calmar ratio: Return relative to maximum drawdown	2.04	1.94	+0.10
Martin ratio: Return relative to average drawdown	7.38	8.42	-1.04

HISCX vs. NEAIX - Sharpe Ratio Comparison

The current HISCX Sharpe Ratio is 1.21, which is comparable to the NEAIX Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of HISCX and NEAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HISCX vs. NEAIX - Drawdown Comparison

The maximum HISCX drawdown since its inception was -82.02%, which is greater than NEAIX's maximum drawdown of -35.93%. Use the drawdown chart below to compare losses from any high point for HISCX and NEAIX.

Drawdown Indicators

	HISCX	NEAIX	Difference
Max Drawdown Largest peak-to-trough decline	-82.02%	-35.93%	-46.09%
Max Drawdown (1Y) Largest decline over 1 year	-13.26%	-24.09%	+10.83%
Max Drawdown (3Y) Largest decline over 3 years	-30.31%	-28.21%	-2.10%
Max Drawdown (5Y) Largest decline over 5 years	-39.40%	-35.93%	-3.47%
Max Drawdown (10Y) Largest decline over 10 years	-40.25%	—	—
Current Drawdown Current decline from peak	-6.45%	-20.48%	+14.03%
Average Drawdown Average peak-to-trough decline	-32.10%	-8.60%	-23.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.67%	5.53%	-1.86%

Volatility

HISCX vs. NEAIX - Volatility Comparison

The current volatility for Hartford Small Cap Growth HLS Fund (HISCX) is 6.30%, while Needham Aggressive Growth Fund Institutional Class (NEAIX) has a volatility of 13.04%. This indicates that HISCX 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.

Volatility by Period

	HISCX	NEAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.30%	13.04%	-6.74%
Volatility (6M) Calculated over the trailing 6-month period	17.53%	26.26%	-8.73%
Volatility (1Y) Calculated over the trailing 1-year period	22.26%	30.84%	-8.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.97%	25.66%	-1.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.94%	25.07%	-1.13%

HISCX vs. NEAIX - Expense Ratio Comparison

HISCX has a 0.64% expense ratio, which is lower than NEAIX's 1.20% expense ratio.

Dividends

HISCX vs. NEAIX - Dividend Comparison

HISCX's dividend yield for the trailing twelve months is around 20.69%, more than NEAIX's 1.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HISCX Hartford Small Cap Growth HLS Fund	20.69%	24.18%	0.29%	0.00%	22.03%	8.72%	2.93%	19.12%	7.80%	0.04%	4.39%
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%

Frequently Asked Questions

Can I hold both HISCX and NEAIX in my portfolio?

HISCX and NEAIX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HISCX or NEAIX?

NEAIX has higher volatility (13.04%) compared to HISCX (6.30%). In terms of maximum drawdown, HISCX dropped -82.02% vs NEAIX's -35.93%.

Which has better risk-adjusted returns?

NEAIX currently has the higher Sharpe Ratio (1.51 vs 1.21), 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.