NEEGX vs. NVDA
Compare and contrast key facts about Needham Growth Fund (NEEGX) and NVIDIA Corporation (NVDA).
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 NVDA.
Key characteristics
| NEEGX | NVDA | |
|---|---|---|
| YTD Return | 18.62% | 199.51% |
| 1Y Return | 39.19% | 205.09% |
| 3Y Return (Ann) | -2.51% | 70.07% |
| 5Y Return (Ann) | 10.44% | 95.71% |
| 10Y Return (Ann) | 3.16% | 77.92% |
| Sharpe Ratio | 1.46 | 4.00 |
| Sortino Ratio | 2.13 | 3.97 |
| Omega Ratio | 1.25 | 1.51 |
| Calmar Ratio | 1.04 | 7.65 |
| Martin Ratio | 5.41 | 24.12 |
| Ulcer Index | 7.09% | 8.58% |
| Daily Std Dev | 26.35% | 51.74% |
| Max Drawdown | -60.83% | -89.73% |
| Current Drawdown | -12.20% | -0.40% |
Correlation
The correlation between NEEGX and NVDA is 0.60, 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. NVDA - Performance Comparison
In the year-to-date period, NEEGX achieves a 18.62% return, which is significantly lower than NVDA's 199.51% return. Over the past 10 years, NEEGX has underperformed NVDA with an annualized return of 3.16%, while NVDA has yielded a comparatively higher 77.92% 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. NVDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Needham Growth Fund (NEEGX) and NVIDIA Corporation (NVDA). 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. NVDA - Dividend Comparison
NEEGX has not paid dividends to shareholders, while NVDA's dividend yield for the trailing twelve months is around 0.02%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEEGX Needham Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVDA NVIDIA Corporation | 0.02% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% | 1.70% | 1.94% |
Drawdowns
NEEGX vs. NVDA - Drawdown Comparison
The maximum NEEGX drawdown since its inception was -60.83%, smaller than the maximum NVDA drawdown of -89.73%. Use the drawdown chart below to compare losses from any high point for NEEGX and NVDA. For additional features, visit the drawdowns tool.
Volatility
NEEGX vs. NVDA - Volatility Comparison
The current volatility for Needham Growth Fund (NEEGX) is 6.14%, while NVIDIA Corporation (NVDA) has a volatility of 11.39%. This indicates that NEEGX experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.