NEEGX vs. META
Compare and contrast key facts about Needham Growth Fund (NEEGX) and Meta Platforms, Inc. (META).
NEEGX is managed by Needham. It was launched on Jan 2, 1996.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEEGX or META.
Key characteristics
| NEEGX | META | |
|---|---|---|
| YTD Return | 22.36% | 58.43% |
| 1Y Return | 38.62% | 87.13% |
| 3Y Return (Ann) | 3.28% | 16.43% |
| 5Y Return (Ann) | 15.41% | 24.24% |
| 10Y Return (Ann) | 11.05% | 22.04% |
| Sharpe Ratio | 1.39 | 2.28 |
| Daily Std Dev | 26.89% | 36.77% |
| Max Drawdown | -53.60% | -76.74% |
| Current Drawdown | -9.43% | 0.00% |
Correlation
The correlation between NEEGX and META is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
NEEGX vs. META - Performance Comparison
In the year-to-date period, NEEGX achieves a 22.36% return, which is significantly lower than META's 58.43% return. Over the past 10 years, NEEGX has underperformed META with an annualized return of 11.05%, while META has yielded a comparatively higher 22.04% 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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Risk-Adjusted Performance
NEEGX vs. META - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Needham Growth Fund (NEEGX) and Meta Platforms, Inc. (META). 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
NEEGX vs. META - Dividend Comparison
NEEGX has not paid dividends to shareholders, while META's dividend yield for the trailing twelve months is around 0.27%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEEGX Needham Growth Fund | 0.00% | 0.00% | 1.78% | 6.92% | 5.73% | 11.31% | 17.79% | 9.70% | 4.22% | 6.74% | 6.67% | 0.57% |
META Meta Platforms, Inc. | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NEEGX vs. META - Drawdown Comparison
The maximum NEEGX drawdown since its inception was -53.60%, smaller than the maximum META drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for NEEGX and META. For additional features, visit the drawdowns tool.
Volatility
NEEGX vs. META - Volatility Comparison
Needham Growth Fund (NEEGX) has a higher volatility of 7.72% compared to Meta Platforms, Inc. (META) at 7.03%. This indicates that NEEGX's price experiences larger fluctuations and is considered to be riskier than META based on this measure. The chart below showcases a comparison of their rolling one-month volatility.