NEEGX vs. NVDA
NEEGX (Needham Growth Fund) is Mid Cap Growth Equities fund managed by Needham, while NVDA (NVIDIA Corporation) is a stock. Over the past 10 years, NEEGX returned 17.07%/yr vs 67.94%/yr for NVDA. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
NEEGX vs. NVDA - Performance Comparison
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Returns By Period
In the year-to-date period, NEEGX achieves a 65.21% return, which is significantly higher than NVDA's 7.39% return. Over the past 10 years, NEEGX has underperformed NVDA with an annualized return of 17.07%, while NVDA has yielded a comparatively higher 67.94% annualized return.
NEEGX
- 1D
- 1.92%
- 1M
- 12.74%
- YTD
- 65.21%
- 6M
- 61.80%
- 1Y
- 99.86%
- 3Y*
- 30.16%
- 5Y*
- 15.00%
- 10Y*
- 17.07%
NVDA
- 1D
- -4.13%
- 1M
- -6.99%
- YTD
- 7.39%
- 6M
- 5.85%
- 1Y
- 38.94%
- 3Y*
- 68.08%
- 5Y*
- 59.90%
- 10Y*
- 67.94%
NEEGX vs. NVDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEEGX Needham Growth Fund | 65.21% | 8.76% | 14.45% | 26.85% | -33.57% | 27.63% | 41.73% | 42.33% | -10.56% | 8.33% |
NVDA NVIDIA Corporation | 7.39% | 38.92% | 171.25% | 239.02% | -50.26% | 125.48% | 122.30% | 76.94% | -30.82% | 81.99% |
Correlation
The correlation between NEEGX and NVDA is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 1999 | 0.60 |
The correlation between NEEGX and NVDA shifts across timeframes, from 0.48 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NEEGX vs. NVDA — Risk / Return Rank
NEEGX
NVDA
NEEGX vs. NVDA - Risk-Adjusted Trends 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.
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 | NVDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.35 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.20 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 7.51 | 1.94 | +5.58 |
| Martin ratioReturn relative to average drawdown | 25.00 | 4.51 | +20.49 |
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Drawdowns
NEEGX vs. NVDA - Drawdown Comparison
The maximum NEEGX drawdown since its inception was -53.60%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for NEEGX and NVDA.
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Drawdown Indicators
| NEEGX | NVDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.60% | -89.72% | +36.12% |
Max Drawdown (1Y)Largest decline over 1 year | -13.27% | -20.21% | +6.94% |
Max Drawdown (3Y)Largest decline over 3 years | -38.66% | -36.88% | -1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -43.35% | -66.34% | +22.99% |
Max Drawdown (10Y)Largest decline over 10 years | -43.35% | -66.34% | +22.99% |
Current DrawdownCurrent decline from peak | 0.00% | -15.04% | +15.04% |
Average DrawdownAverage peak-to-trough decline | -10.88% | -36.16% | +25.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 8.66% | -4.68% |
Volatility
NEEGX vs. NVDA - Volatility Comparison
Needham Growth Fund (NEEGX) and NVIDIA Corporation (NVDA) have volatilities of 12.90% and 13.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEEGX | NVDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.90% | 13.29% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 22.94% | 26.92% | -3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.97% | 35.50% | -6.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.72% | 51.84% | -23.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.53% | 49.87% | -24.34% |
Dividends
NEEGX vs. NVDA - Dividend Comparison
NEEGX's dividend yield for the trailing twelve months is around 4.58%, more than NVDA's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEEGX Needham Growth Fund | 4.58% | 7.57% | 3.92% | 0.00% | 1.78% | 6.92% | 5.73% | 11.31% | 17.79% | 9.70% | 4.22% | 6.74% |
NVDA NVIDIA Corporation | 0.14% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
Frequently Asked Questions
NEEGX and NVDA have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDA has higher volatility (13.29%) compared to NEEGX (12.90%). In terms of maximum drawdown, NEEGX dropped -53.60% vs NVDA's -89.72%.
NEEGX currently has the higher Sharpe Ratio (3.45 vs 1.10), 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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