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 | 11.27% | 17.79% |
| 1Y Return | 23.57% | 26.42% |
| 3Y Return (Ann) | 7.51% | 8.24% |
| 5Y Return (Ann) | 21.20% | 13.48% |
| 10Y Return (Ann) | 13.75% | 10.85% |
| Sharpe Ratio | 1.10 | 2.06 |
| Daily Std Dev | 21.78% | 12.69% |
| Max Drawdown | -41.80% | -56.78% |
| Current Drawdown | -10.30% | -0.86% |
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 11.27% return, which is significantly lower than ^GSPC's 17.79% return. Over the past 10 years, NEAGX has outperformed ^GSPC with an annualized return of 13.75%, while ^GSPC has yielded a comparatively lower 10.85% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 -41.80%, 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 7.18% compared to S&P 500 (^GSPC) at 3.99%. 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.