NEAGX vs. FGSIX
NEAGX (Needham Aggressive Growth Fund Retail Class) and FGSIX (Federated MDT Mid Cap Growth Fund Institutional Shares) are both mutual funds - NEAGX is a Small Cap Growth Equities fund actively managed by Needham, while FGSIX is a Mid Cap Growth Equities fund actively managed by Federated. Both are actively managed. Over the past 10 years, NEAGX returned 19.85%/yr vs 15.02%/yr for FGSIX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. NEAGX charges 1.64%/yr vs 0.85%/yr for FGSIX.
Performance
NEAGX vs. FGSIX - Performance Comparison
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Returns By Period
In the year-to-date period, NEAGX achieves a 33.20% return, which is significantly higher than FGSIX's -0.82% return. Over the past 10 years, NEAGX has outperformed FGSIX with an annualized return of 19.85%, while FGSIX has yielded a comparatively lower 15.02% annualized return.
NEAGX
- 1D
- 0.99%
- 1M
- -11.25%
- 6M
- 19.05%
- YTD
- 33.20%
- 1Y
- 50.65%
- 3Y*
- 24.73%
- 5Y*
- 17.37%
- 10Y*
- 19.85%
- ALL TIME*
- 12.98%
FGSIX
- 1D
- -0.17%
- 1M
- -1.69%
- 6M
- 0.35%
- YTD
- -0.82%
- 1Y
- -1.78%
- 3Y*
- 15.90%
- 5Y*
- 8.16%
- 10Y*
- 15.02%
- ALL TIME*
- 13.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NEAGX vs. FGSIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEAGX Needham Aggressive Growth Fund Retail Class | 33.20% | 26.40% | 14.31% | 37.65% | -27.53% | 37.56% | 51.53% | 43.82% | -16.09% | 8.75% |
FGSIX Federated MDT Mid Cap Growth Fund Institutional Shares | -0.82% | 10.87% | 33.37% | 27.44% | -24.39% | 22.77% | 35.86% | 28.34% | -3.00% | 24.70% |
Correlation
The correlation between NEAGX and FGSIX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.48 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2010 | 0.77 |
Over the past year, the correlation between NEAGX and FGSIX has dropped to 0.30 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
NEAGX vs. FGSIX — Risk / Return Rank
NEAGX
FGSIX
NEAGX vs. FGSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Needham Aggressive Growth Fund Retail Class (NEAGX) and Federated MDT Mid Cap Growth Fund Institutional Shares (FGSIX). 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.
| NEAGX | FGSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.99 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | -0.15 | +2.14 |
| Martin ratioReturn relative to average drawdown | 8.42 | -0.40 | +8.82 |
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Drawdowns
NEAGX vs. FGSIX - Drawdown Comparison
The maximum NEAGX drawdown since its inception was -41.80%, which is greater than FGSIX's maximum drawdown of -37.16%. Use the drawdown chart below to compare losses from any high point for NEAGX and FGSIX.
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Drawdown Indicators
| NEAGX | FGSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.80% | -37.16% | -4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -24.12% | -13.36% | -10.76% |
Max Drawdown (3Y)Largest decline over 3 years | -28.49% | -24.46% | -4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -36.31% | -35.67% | -0.64% |
Max Drawdown (10Y)Largest decline over 10 years | -36.31% | -37.16% | +0.85% |
Current DrawdownCurrent decline from peak | -19.72% | -5.07% | -14.65% |
Average DrawdownAverage peak-to-trough decline | -8.67% | -7.04% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 5.04% | +0.64% |
Volatility
NEAGX vs. FGSIX - Volatility Comparison
Needham Aggressive Growth Fund Retail Class (NEAGX) has a higher volatility of 12.98% compared to Federated MDT Mid Cap Growth Fund Institutional Shares (FGSIX) at 4.95%. This indicates that NEAGX's price experiences larger fluctuations and is considered to be riskier than FGSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEAGX | FGSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.98% | 4.95% | +8.03% |
Volatility (6M)Calculated over the trailing 6-month period | 26.28% | 13.46% | +12.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.85% | 17.65% | +13.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.65% | 22.52% | +3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.70% | 22.26% | +2.44% |
NEAGX vs. FGSIX - Expense Ratio Comparison
NEAGX has a 1.64% expense ratio, which is higher than FGSIX's 0.85% expense ratio.
Dividends
NEAGX vs. FGSIX - Dividend Comparison
NEAGX's dividend yield for the trailing twelve months is around 1.61%, less than FGSIX's 4.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGSIX Federated MDT Mid Cap Growth Fund Institutional Shares | 4.60% | 4.56% | 4.02% | 0.00% | 2.17% | 24.31% | 6.77% | 7.83% | 14.02% | 13.59% | 1.11% | 24.86% |
NEAGX Needham Aggressive Growth Fund Retail Class | 1.61% | 2.14% | 0.00% | 0.00% | 0.00% | 7.10% | 3.91% | 10.64% | 16.57% | 5.17% | 6.72% | 11.88% |
Frequently Asked Questions
NEAGX and FGSIX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEAGX has higher volatility (12.98%) compared to FGSIX (4.95%). In terms of maximum drawdown, NEAGX dropped -41.80% vs FGSIX's -37.16%.
NEAGX currently has the higher Sharpe Ratio (1.55 vs -0.12), 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.
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