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.
Key characteristics
| NEAGX | ^GSPC | |
|---|---|---|
| YTD Return | 14.63% | 25.48% |
| 1Y Return | 25.45% | 33.14% |
| 3Y Return (Ann) | 3.57% | 8.55% |
| 5Y Return (Ann) | 17.63% | 13.96% |
| 10Y Return (Ann) | 6.81% | 11.39% |
| Sharpe Ratio | 1.32 | 2.91 |
| Sortino Ratio | 1.96 | 3.88 |
| Omega Ratio | 1.23 | 1.55 |
| Calmar Ratio | 1.82 | 4.20 |
| Martin Ratio | 5.05 | 18.80 |
| Ulcer Index | 5.90% | 1.90% |
| Daily Std Dev | 22.50% | 12.27% |
| Max Drawdown | -53.03% | -56.78% |
| Current Drawdown | -7.59% | -0.27% |
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.
Performance
NEAGX vs. ^GSPC - Performance Comparison
In the year-to-date period, NEAGX achieves a 14.63% return, which is significantly lower than ^GSPC's 25.48% return. Over the past 10 years, NEAGX has underperformed ^GSPC with an annualized return of 6.81%, while ^GSPC has yielded a comparatively higher 11.39% 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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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 6.79% compared to S&P 500 (^GSPC) at 3.75%. 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.