NEAGX vs. IMCG
Compare and contrast key facts about Needham Aggressive Growth Fund (NEAGX) and iShares Morningstar Mid-Cap Growth ETF (IMCG).
NEAGX is managed by Needham. It was launched on Sep 4, 2001. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEAGX or IMCG.
Key characteristics
| NEAGX | IMCG | |
|---|---|---|
| YTD Return | 11.74% | 11.23% |
| 1Y Return | 24.44% | 22.27% |
| 3Y Return (Ann) | 7.68% | 0.75% |
| 5Y Return (Ann) | 21.31% | 12.24% |
| 10Y Return (Ann) | 13.81% | 11.57% |
| Sharpe Ratio | 1.10 | 1.45 |
| Daily Std Dev | 21.78% | 15.20% |
| Max Drawdown | -41.80% | -58.96% |
| Current Drawdown | -9.92% | -4.22% |
Correlation
The correlation between NEAGX and IMCG is 0.83, 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. IMCG - Performance Comparison
The year-to-date returns for both stocks are quite close, with NEAGX having a 11.74% return and IMCG slightly lower at 11.23%. Over the past 10 years, NEAGX has outperformed IMCG with an annualized return of 13.81%, while IMCG has yielded a comparatively lower 11.57% 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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NEAGX vs. IMCG - Expense Ratio Comparison
NEAGX has a 1.86% expense ratio, which is higher than IMCG's 0.06% expense ratio.
Risk-Adjusted Performance
NEAGX vs. IMCG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Needham Aggressive Growth Fund (NEAGX) and iShares Morningstar Mid-Cap Growth ETF (IMCG). 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
NEAGX vs. IMCG - Dividend Comparison
NEAGX has not paid dividends to shareholders, while IMCG's dividend yield for the trailing twelve months is around 0.80%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.80% | 0.85% | 0.91% | 0.41% | 0.09% | 0.29% | 0.35% | 0.45% | 0.52% | 0.38% | 0.60% | 0.36% |
Drawdowns
NEAGX vs. IMCG - Drawdown Comparison
The maximum NEAGX drawdown since its inception was -41.80%, smaller than the maximum IMCG drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for NEAGX and IMCG. For additional features, visit the drawdowns tool.
Volatility
NEAGX vs. IMCG - Volatility Comparison
Needham Aggressive Growth Fund (NEAGX) has a higher volatility of 7.25% compared to iShares Morningstar Mid-Cap Growth ETF (IMCG) at 4.09%. This indicates that NEAGX's price experiences larger fluctuations and is considered to be riskier than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.