NEEGX vs. HMDYX
NEEGX (Needham Growth Fund) and HMDYX (The Hartford MidCap Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, NEEGX returned 14.25%/yr vs 8.24%/yr for HMDYX. Their correlation of 0.85 means they have usually moved in the same direction. NEEGX charges 1.78%/yr vs 0.79%/yr for HMDYX.
Performance
NEEGX vs. HMDYX - Performance Comparison
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Returns By Period
In the year-to-date period, NEEGX achieves a 35.60% return, which is significantly higher than HMDYX's 2.18% return. Over the past 10 years, NEEGX has outperformed HMDYX with an annualized return of 14.25%, while HMDYX has yielded a comparatively lower 8.24% annualized return.
NEEGX
- 1D
- 0.82%
- 1M
- -9.28%
- 6M
- 16.86%
- YTD
- 35.60%
- 1Y
- 52.57%
- 3Y*
- 17.29%
- 5Y*
- 8.99%
- 10Y*
- 14.25%
- ALL TIME*
- 12.62%
HMDYX
- 1D
- -0.63%
- 1M
- -5.82%
- 6M
- 0.81%
- YTD
- 2.18%
- 1Y
- -0.90%
- 3Y*
- 3.33%
- 5Y*
- -0.97%
- 10Y*
- 8.24%
- ALL TIME*
- 10.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
NEEGX Needham Growth Fund | $0.00 | $0.00 | $0.00 |
NEEGX vs. HMDYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEEGX Needham Growth Fund | 35.60% | 8.76% | 14.45% | 26.85% | -33.57% | 27.63% | 41.73% | 42.33% | -10.56% | 8.33% |
HMDYX The Hartford MidCap Fund | 2.18% | -0.48% | 6.17% | 14.70% | -24.01% | 9.89% | 25.10% | 38.80% | -7.56% | 24.41% |
Correlation
The correlation between NEEGX and HMDYX is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1997 | 0.86 |
The correlation between NEEGX and HMDYX has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.
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Return for Risk
NEEGX vs. HMDYX — Risk / Return Rank
NEEGX
HMDYX
NEEGX vs. HMDYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Needham Growth Fund (NEEGX) and The Hartford MidCap Fund (HMDYX). 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.
| NEEGX | HMDYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.00 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | -0.15 | +2.32 |
| Martin ratioReturn relative to average drawdown | 8.91 | -0.41 | +9.31 |
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Drawdowns
NEEGX vs. HMDYX - Drawdown Comparison
The maximum NEEGX drawdown since its inception was -53.60%, which is greater than HMDYX's maximum drawdown of -50.76%. Use the drawdown chart below to compare losses from any high point for NEEGX and HMDYX.
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Drawdown Indicators
| NEEGX | HMDYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.60% | -50.76% | -2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -23.15% | -15.91% | -7.24% |
Max Drawdown (3Y)Largest decline over 3 years | -38.66% | -26.77% | -11.89% |
Max Drawdown (5Y)Largest decline over 5 years | -43.35% | -32.92% | -10.43% |
Max Drawdown (10Y)Largest decline over 10 years | -43.35% | -37.98% | -5.37% |
Current DrawdownCurrent decline from peak | -17.98% | -8.80% | -9.18% |
Average DrawdownAverage peak-to-trough decline | -10.88% | -8.86% | -2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.65% | 5.66% | -0.01% |
Volatility
NEEGX vs. HMDYX - Volatility Comparison
Needham Growth Fund (NEEGX) has a higher volatility of 12.54% compared to The Hartford MidCap Fund (HMDYX) at 6.43%. This indicates that NEEGX's price experiences larger fluctuations and is considered to be riskier than HMDYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEEGX | HMDYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.54% | 6.43% | +6.11% |
Volatility (6M)Calculated over the trailing 6-month period | 26.85% | 16.80% | +10.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.47% | 20.41% | +12.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.41% | 21.95% | +7.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.90% | 21.63% | +4.27% |
NEEGX vs. HMDYX - Expense Ratio Comparison
NEEGX has a 1.78% expense ratio, which is higher than HMDYX's 0.79% expense ratio.
Dividends
NEEGX vs. HMDYX - Dividend Comparison
NEEGX's dividend yield for the trailing twelve months is around 5.58%, less than HMDYX's 18.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HMDYX The Hartford MidCap Fund | 18.18% | 18.58% | 4.80% | 1.73% | 7.40% | 10.29% | 9.17% | 8.60% | 11.42% | 3.95% | 2.61% | 7.05% |
NEEGX Needham Growth Fund | 5.58% | 7.57% | 3.92% | 0.00% | 1.78% | 6.92% | 5.73% | 11.31% | 17.79% | 9.70% | 4.22% | 6.74% |
Frequently Asked Questions
NEEGX and HMDYX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEEGX has higher volatility (12.54%) compared to HMDYX (6.43%). In terms of maximum drawdown, NEEGX dropped -53.60% vs HMDYX's -50.76%.
NEEGX currently has the higher Sharpe Ratio (1.55 vs -0.11), 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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