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.
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
Key characteristics
NEAGX:
-0.24
^GSPC:
0.48
NEAGX:
-0.16
^GSPC:
0.80
NEAGX:
0.98
^GSPC:
1.12
NEAGX:
-0.25
^GSPC:
0.49
NEAGX:
-0.69
^GSPC:
1.90
NEAGX:
10.35%
^GSPC:
4.90%
NEAGX:
29.04%
^GSPC:
19.37%
NEAGX:
-53.03%
^GSPC:
-56.78%
NEAGX:
-11.93%
^GSPC:
-7.82%
Returns By Period
In the year-to-date period, NEAGX achieves a -4.43% return, which is significantly lower than ^GSPC's -3.70% return. Over the past 10 years, NEAGX has underperformed ^GSPC with an annualized return of 6.35%, while ^GSPC has yielded a comparatively higher 10.43% annualized return.
NEAGX
-4.43%
23.15%
-6.63%
-6.95%
14.92%
6.35%
^GSPC
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
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Risk-Adjusted Performance
NEAGX vs. ^GSPC — Risk-Adjusted Performance Rank
NEAGX
^GSPC
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 -53.03%, 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 13.39% compared to S&P 500 (^GSPC) at 11.21%. 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.