NEAGX vs. ^GSPC
Compare and contrast key facts about Needham Aggressive Growth Fund (NEAGX) and S&P 500 (^GSPC).
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: NEAGX or ^GSPC.
Performance
NEAGX vs. ^GSPC - Performance Comparison
Returns By Period
In the year-to-date period, NEAGX achieves a 18.53% return, which is significantly lower than ^GSPC's 25.15% return. Over the past 10 years, NEAGX has underperformed ^GSPC with an annualized return of 7.60%, while ^GSPC has yielded a comparatively higher 11.21% annualized return.
NEAGX
18.53%
5.92%
-2.42%
29.33%
18.85%
7.60%
^GSPC
25.15%
2.97%
12.53%
31.00%
13.95%
11.21%
Key characteristics
| NEAGX | ^GSPC | |
|---|---|---|
| Sharpe Ratio | 1.29 | 2.53 |
| Sortino Ratio | 1.91 | 3.39 |
| Omega Ratio | 1.22 | 1.47 |
| Calmar Ratio | 1.79 | 3.65 |
| Martin Ratio | 4.82 | 16.21 |
| Ulcer Index | 6.08% | 1.91% |
| Daily Std Dev | 22.65% | 12.23% |
| Max Drawdown | -53.03% | -56.78% |
| Current Drawdown | -4.44% | -0.53% |
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Correlation
The correlation between NEAGX and ^GSPC is 0.81, 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.
Risk-Adjusted Performance
NEAGX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Needham Aggressive Growth Fund (NEAGX) and S&P 500 (^GSPC). 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.
Drawdowns
NEAGX vs. ^GSPC - Drawdown Comparison
The maximum NEAGX drawdown since its inception was -53.03%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for NEAGX and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
NEAGX vs. ^GSPC - Volatility Comparison
Needham Aggressive Growth Fund (NEAGX) has a higher volatility of 7.99% compared to S&P 500 (^GSPC) at 3.97%. This indicates that NEAGX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.