NEEGX vs. PKSFX

Last updated Jun 3, 2026

NEEGX (Needham Growth Fund) and PKSFX (Virtus KAR Small-Cap Core Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, NEEGX returned 15.84%/yr vs 14.70%/yr for PKSFX. A 0.77 correlation means they provide meaningful diversification when combined. NEEGX charges 1.78%/yr vs 1.00%/yr for PKSFX.

Performance

NEEGX vs. PKSFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Needham Growth Fund (NEEGX) and Virtus KAR Small-Cap Core Fund (PKSFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NEEGX achieves a 52.15% return, which is significantly higher than PKSFX's 3.27% return. Over the past 10 years, NEEGX has outperformed PKSFX with an annualized return of 15.84%, while PKSFX has yielded a comparatively lower 14.70% annualized return.

NEEGX

• 1D: 0.43%
• 1M: 11.34%
• YTD: 52.15%
• 6M: 52.72%
• 1Y: 93.06%
• 3Y*: 26.75%
• 5Y*: 13.68%
• 10Y*: 15.84%

PKSFX

• 1D: 0.06%
• 1M: -2.75%
• YTD: 3.27%
• 6M: 4.61%
• 1Y: 4.72%
• 3Y*: 10.80%
• 5Y*: 7.68%
• 10Y*: 14.70%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NEEGX vs. PKSFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEEGX Needham Growth Fund	52.15%	8.76%	14.45%	26.85%	-33.57%	27.63%	41.73%	42.33%	-10.56%	8.33%
PKSFX Virtus KAR Small-Cap Core Fund	3.27%	-2.58%	13.67%	32.32%	-10.77%	19.03%	21.38%	40.21%	-1.99%	34.98%

Correlation

The correlation between NEEGX and PKSFX is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 21, 1996	0.77

Over the past year, the correlation between NEEGX and PKSFX has dropped to 0.54 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

Return for Risk

NEEGX vs. PKSFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NEEGX

NEEGX Risk / Return Rank: 91
NEEGX Sharpe Ratio Rank: 96
NEEGX Sortino Ratio Rank: 85
NEEGX Omega Ratio Rank: 80
NEEGX Calmar Ratio Rank: 97
NEEGX Martin Ratio Rank: 96

PKSFX

PKSFX Risk / Return Rank: 4
PKSFX Sharpe Ratio Rank: 4
PKSFX Sortino Ratio Rank: 4
PKSFX Omega Ratio Rank: 4
PKSFX Calmar Ratio Rank: 4
PKSFX Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NEEGX vs. PKSFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Needham Growth Fund (NEEGX) and Virtus KAR Small-Cap Core Fund (PKSFX). 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.

	NEEGX	PKSFX	Difference
Sharpe ratio Return per unit of total volatility	3.50	0.27	+3.23
Sortino ratio Return per unit of downside risk	4.05	0.53	+3.52
Omega ratio Gain probability vs. loss probability	1.53	1.06	+0.47
Calmar ratio Return relative to maximum drawdown	6.83	0.37	+6.46
Martin ratio Return relative to average drawdown	23.25	0.77	+22.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NEEGX vs. PKSFX - Sharpe Ratio Comparison

The current NEEGX Sharpe Ratio is 3.50, which is higher than the PKSFX Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of NEEGX and PKSFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NEEGX	PKSFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.50	0.27	+3.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.43	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.78	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.56	+0.03

Drawdowns

NEEGX vs. PKSFX - Drawdown Comparison

The maximum NEEGX drawdown since its inception was -53.60%, roughly equal to the maximum PKSFX drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for NEEGX and PKSFX.

Drawdown Indicators

	NEEGX	PKSFX	Difference
Max Drawdown Largest peak-to-trough decline	-53.60%	-54.46%	+0.86%
Max Drawdown (1Y) Largest decline over 1 year	-13.27%	-11.19%	-2.08%
Max Drawdown (3Y) Largest decline over 3 years	-38.66%	-21.82%	-16.84%
Max Drawdown (5Y) Largest decline over 5 years	-43.35%	-22.02%	-21.33%
Max Drawdown (10Y) Largest decline over 10 years	-43.35%	-33.45%	-9.90%
Current Drawdown Current decline from peak	0.00%	-7.88%	+7.88%
Average Drawdown Average peak-to-trough decline	-10.90%	-7.17%	-3.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.90%	5.32%	-1.42%

Volatility

NEEGX vs. PKSFX - Volatility Comparison

Needham Growth Fund (NEEGX) has a higher volatility of 8.81% compared to Virtus KAR Small-Cap Core Fund (PKSFX) at 4.28%. This indicates that NEEGX's price experiences larger fluctuations and is considered to be riskier than PKSFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NEEGX	PKSFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.81%	4.28%	+4.53%
Volatility (6M) Calculated over the trailing 6-month period	20.49%	10.99%	+9.50%
Volatility (1Y) Calculated over the trailing 1-year period	26.80%	15.34%	+11.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.23%	17.94%	+10.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.24%	18.83%	+6.41%

NEEGX vs. PKSFX - Expense Ratio Comparison

NEEGX has a 1.78% expense ratio, which is higher than PKSFX's 1.00% expense ratio.

Dividends

NEEGX vs. PKSFX - Dividend Comparison

NEEGX's dividend yield for the trailing twelve months is around 4.97%, less than PKSFX's 13.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NEEGX Needham Growth Fund	4.97%	7.57%	3.92%	0.00%	1.78%	6.92%	5.73%	11.31%	17.79%	9.70%	4.22%	6.74%
PKSFX Virtus KAR Small-Cap Core Fund	13.85%	14.30%	4.07%	4.12%	6.65%	12.05%	7.45%	4.03%	4.33%	0.17%	5.69%	19.83%

Frequently Asked Questions

Can I hold both NEEGX and PKSFX in my portfolio?

NEEGX and PKSFX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NEEGX or PKSFX?

NEEGX has higher volatility (8.81%) compared to PKSFX (4.28%). In terms of maximum drawdown, NEEGX dropped -53.60% vs PKSFX's -54.46%.

Which has better risk-adjusted returns?

NEEGX currently has the higher Sharpe Ratio (3.50 vs 0.27), 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.