NEAIX vs. BSCFX
NEAIX (Needham Aggressive Growth Fund Institutional Class) and BSCFX (Baron Small Cap Fund) are both Small Cap Growth Equities funds. Over the past 5 years, NEAIX returned 18.00%/yr vs 0.49%/yr for BSCFX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. NEAIX charges 1.20%/yr vs 1.29%/yr for BSCFX.
Performance
NEAIX vs. BSCFX - Performance Comparison
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Returns By Period
In the year-to-date period, NEAIX achieves a 33.50% return, which is significantly higher than BSCFX's 0.94% return.
NEAIX
- 1D
- 1.00%
- 1M
- -11.22%
- 6M
- 19.29%
- YTD
- 33.50%
- 1Y
- 51.23%
- 3Y*
- 25.33%
- 5Y*
- 18.00%
- 10Y*
- —
- ALL TIME*
- 19.67%
BSCFX
- 1D
- 0.40%
- 1M
- -3.68%
- 6M
- 0.68%
- YTD
- 0.94%
- 1Y
- -0.88%
- 3Y*
- 6.09%
- 5Y*
- 0.49%
- 10Y*
- 10.22%
- ALL TIME*
- 9.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BSCFX Baron Small Cap Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
NEAIX vs. BSCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEAIX Needham Aggressive Growth Fund Institutional Class | 33.50% | 26.99% | 14.86% | 38.37% | -27.02% | 38.46% | 52.49% | 44.68% | -15.64% | 10.07% |
BSCFX Baron Small Cap Fund | 0.94% | -0.92% | 13.11% | 26.90% | -31.19% | 15.42% | 40.38% | 34.60% | -7.39% | 27.34% |
Correlation
The correlation between NEAIX and BSCFX is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.80 |
Over the past year, the correlation between NEAIX and BSCFX has dropped to 0.59 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
NEAIX vs. BSCFX — Risk / Return Rank
NEAIX
BSCFX
NEAIX vs. BSCFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Needham Aggressive Growth Fund Institutional Class (NEAIX) and Baron Small Cap Fund (BSCFX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NEAIX | BSCFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 0.99 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | -0.15 | +2.16 |
| Martin ratioReturn relative to average drawdown | 8.54 | -0.37 | +8.92 |
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Drawdowns
NEAIX vs. BSCFX - Drawdown Comparison
The maximum NEAIX drawdown since its inception was -35.93%, smaller than the maximum BSCFX drawdown of -55.59%. Use the drawdown chart below to compare losses from any high point for NEAIX and BSCFX.
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Drawdown Indicators
| NEAIX | BSCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.93% | -55.59% | +19.66% |
Max Drawdown (1Y)Largest decline over 1 year | -24.09% | -15.00% | -9.09% |
Max Drawdown (3Y)Largest decline over 3 years | -28.21% | -26.91% | -1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -35.93% | -37.94% | +2.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.58% | — |
Current DrawdownCurrent decline from peak | -19.69% | -8.41% | -11.28% |
Average DrawdownAverage peak-to-trough decline | -8.60% | -11.07% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.67% | 5.96% | -0.29% |
Volatility
NEAIX vs. BSCFX - Volatility Comparison
Needham Aggressive Growth Fund Institutional Class (NEAIX) has a higher volatility of 12.97% compared to Baron Small Cap Fund (BSCFX) at 4.64%. This indicates that NEAIX's price experiences larger fluctuations and is considered to be riskier than BSCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEAIX | BSCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.97% | 4.64% | +8.33% |
Volatility (6M)Calculated over the trailing 6-month period | 26.27% | 13.83% | +12.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.84% | 18.24% | +12.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.66% | 22.44% | +3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.06% | 22.38% | +2.68% |
NEAIX vs. BSCFX - Expense Ratio Comparison
NEAIX has a 1.20% expense ratio, which is lower than BSCFX's 1.29% expense ratio.
Dividends
NEAIX vs. BSCFX - Dividend Comparison
NEAIX's dividend yield for the trailing twelve months is around 1.51%, less than BSCFX's 9.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCFX Baron Small Cap Fund | 9.84% | 9.50% | 13.96% | 3.04% | 5.90% | 12.47% | 11.17% | 9.60% | 10.91% | 13.57% | 22.41% | 12.56% |
NEAIX Needham Aggressive Growth Fund Institutional Class | 1.51% | 2.01% | 0.00% | 0.00% | 0.00% | 6.84% | 3.80% | 10.42% | 16.35% | 5.14% | 0.00% | 0.00% |
Frequently Asked Questions
NEAIX and BSCFX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEAIX has higher volatility (12.97%) compared to BSCFX (4.64%). In terms of maximum drawdown, NEAIX dropped -35.93% vs BSCFX's -55.59%.
NEAIX currently has the higher Sharpe Ratio (1.57 vs -0.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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