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NEAGX vs. OBMCX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

NEAGX vs. OBMCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Needham Aggressive Growth Fund (NEAGX) and Oberweis Micro Cap Fund (OBMCX). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%JuneJulyAugustSeptemberOctoberNovember
-2.42%
20.81%
NEAGX
OBMCX

Returns By Period

In the year-to-date period, NEAGX achieves a 18.53% return, which is significantly lower than OBMCX's 30.12% return. Over the past 10 years, NEAGX has underperformed OBMCX with an annualized return of 7.60%, while OBMCX has yielded a comparatively higher 10.07% annualized return.


NEAGX

YTD

18.53%

1M

5.92%

6M

-2.42%

1Y

29.33%

5Y (annualized)

18.85%

10Y (annualized)

7.60%

OBMCX

YTD

30.12%

1M

12.02%

6M

20.81%

1Y

45.65%

5Y (annualized)

17.76%

10Y (annualized)

10.07%

Key characteristics


NEAGXOBMCX
Sharpe Ratio1.291.97
Sortino Ratio1.912.67
Omega Ratio1.221.32
Calmar Ratio1.791.67
Martin Ratio4.8211.07
Ulcer Index6.08%4.12%
Daily Std Dev22.65%23.13%
Max Drawdown-53.03%-81.09%
Current Drawdown-4.44%0.00%

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NEAGX vs. OBMCX - Expense Ratio Comparison

NEAGX has a 1.86% expense ratio, which is higher than OBMCX's 1.48% expense ratio.


NEAGX
Needham Aggressive Growth Fund
Expense ratio chart for NEAGX: current value at 1.86% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.86%
Expense ratio chart for OBMCX: current value at 1.48% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.48%

Correlation

-0.50.00.51.00.8

The correlation between NEAGX and OBMCX 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. OBMCX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Needham Aggressive Growth Fund (NEAGX) and Oberweis Micro Cap Fund (OBMCX). 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.


Sharpe ratio
The chart of Sharpe ratio for NEAGX, currently valued at 1.29, compared to the broader market-1.000.001.002.003.004.005.001.291.97
The chart of Sortino ratio for NEAGX, currently valued at 1.91, compared to the broader market0.005.0010.001.912.67
The chart of Omega ratio for NEAGX, currently valued at 1.22, compared to the broader market1.002.003.004.001.221.32
The chart of Calmar ratio for NEAGX, currently valued at 1.79, compared to the broader market0.005.0010.0015.0020.001.791.67
The chart of Martin ratio for NEAGX, currently valued at 4.82, compared to the broader market0.0020.0040.0060.0080.00100.004.8211.07
NEAGX
OBMCX

The current NEAGX Sharpe Ratio is 1.29, which is lower than the OBMCX Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of NEAGX and OBMCX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.000.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.29
1.97
NEAGX
OBMCX

Dividends

NEAGX vs. OBMCX - Dividend Comparison

Neither NEAGX nor OBMCX has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

NEAGX vs. OBMCX - Drawdown Comparison

The maximum NEAGX drawdown since its inception was -53.03%, smaller than the maximum OBMCX drawdown of -81.09%. Use the drawdown chart below to compare losses from any high point for NEAGX and OBMCX. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-4.44%
0
NEAGX
OBMCX

Volatility

NEAGX vs. OBMCX - Volatility Comparison

Needham Aggressive Growth Fund (NEAGX) has a higher volatility of 7.99% compared to Oberweis Micro Cap Fund (OBMCX) at 7.20%. This indicates that NEAGX's price experiences larger fluctuations and is considered to be riskier than OBMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%5.00%6.00%7.00%8.00%9.00%10.00%11.00%JuneJulyAugustSeptemberOctoberNovember
7.99%
7.20%
NEAGX
OBMCX