NEAGX vs. OBMCX
Compare and contrast key facts about Needham Aggressive Growth Fund (NEAGX) and Oberweis Micro Cap Fund (OBMCX).
NEAGX is managed by Needham. It was launched on Sep 4, 2001. OBMCX is managed by Oberweis. It was launched on Dec 29, 1995.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEAGX or OBMCX.
Key characteristics
| NEAGX | OBMCX | |
|---|---|---|
| YTD Return | 11.74% | 15.53% |
| 1Y Return | 24.44% | 24.57% |
| 3Y Return (Ann) | 7.68% | 11.37% |
| 5Y Return (Ann) | 21.31% | 20.86% |
| 10Y Return (Ann) | 13.81% | 16.00% |
| Sharpe Ratio | 1.10 | 1.06 |
| Daily Std Dev | 21.78% | 23.25% |
| Max Drawdown | -41.80% | -67.42% |
| Current Drawdown | -9.92% | -4.06% |
Correlation
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.
Performance
NEAGX vs. OBMCX - Performance Comparison
In the year-to-date period, NEAGX achieves a 11.74% return, which is significantly lower than OBMCX's 15.53% return. Over the past 10 years, NEAGX has underperformed OBMCX with an annualized return of 13.81%, while OBMCX has yielded a comparatively higher 16.00% 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. OBMCX - Expense Ratio Comparison
NEAGX has a 1.86% expense ratio, which is higher than OBMCX's 1.48% expense ratio.
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.
Dividends
NEAGX vs. OBMCX - Dividend Comparison
Neither NEAGX nor OBMCX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
OBMCX Oberweis Micro Cap Fund | 0.00% | 0.00% | 1.37% | 24.35% | 0.00% | 0.00% | 19.67% | 11.76% | 0.05% | 3.07% | 8.03% |
Drawdowns
NEAGX vs. OBMCX - Drawdown Comparison
The maximum NEAGX drawdown since its inception was -41.80%, smaller than the maximum OBMCX drawdown of -67.42%. Use the drawdown chart below to compare losses from any high point for NEAGX and OBMCX. For additional features, visit the drawdowns tool.
Volatility
NEAGX vs. OBMCX - Volatility Comparison
Needham Aggressive Growth Fund (NEAGX) and Oberweis Micro Cap Fund (OBMCX) have volatilities of 7.25% and 7.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.