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NEEGX vs. RING
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

NEEGX vs. RING - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Needham Growth Fund (NEEGX) and iShares MSCI Global Gold Miners ETF (RING). The values are adjusted to include any dividend payments, if applicable.

-20.00%-10.00%0.00%10.00%20.00%30.00%JuneJulyAugustSeptemberOctoberNovember
-13.11%
11.23%
NEEGX
RING

Returns By Period

In the year-to-date period, NEEGX achieves a 13.03% return, which is significantly lower than RING's 28.21% return. Over the past 10 years, NEEGX has underperformed RING with an annualized return of 2.58%, while RING has yielded a comparatively higher 8.37% annualized return.


NEEGX

YTD

13.03%

1M

-6.34%

6M

-11.50%

1Y

25.00%

5Y (annualized)

9.42%

10Y (annualized)

2.58%

RING

YTD

28.21%

1M

-14.13%

6M

13.03%

1Y

40.15%

5Y (annualized)

9.43%

10Y (annualized)

8.37%

Key characteristics


NEEGXRING
Sharpe Ratio0.951.24
Sortino Ratio1.471.77
Omega Ratio1.181.22
Calmar Ratio0.760.74
Martin Ratio3.294.98
Ulcer Index7.73%8.10%
Daily Std Dev26.67%32.44%
Max Drawdown-60.83%-79.47%
Current Drawdown-16.33%-29.51%

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NEEGX vs. RING - Expense Ratio Comparison

NEEGX has a 1.78% expense ratio, which is higher than RING's 0.39% expense ratio.


NEEGX
Needham Growth Fund
Expense ratio chart for NEEGX: current value at 1.78% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.78%
Expense ratio chart for RING: current value at 0.39% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.39%

Correlation

-0.50.00.51.00.2

The correlation between NEEGX and RING is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

NEEGX vs. RING - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Needham Growth Fund (NEEGX) and iShares MSCI Global Gold Miners ETF (RING). 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.


Sharpe ratio
The chart of Sharpe ratio for NEEGX, currently valued at 0.95, compared to the broader market-1.000.001.002.003.004.005.000.951.24
The chart of Sortino ratio for NEEGX, currently valued at 1.47, compared to the broader market0.005.0010.001.471.77
The chart of Omega ratio for NEEGX, currently valued at 1.18, compared to the broader market1.002.003.004.001.181.22
The chart of Calmar ratio for NEEGX, currently valued at 0.76, compared to the broader market0.005.0010.0015.0020.000.760.74
The chart of Martin ratio for NEEGX, currently valued at 3.29, compared to the broader market0.0020.0040.0060.0080.00100.003.294.98
NEEGX
RING

The current NEEGX Sharpe Ratio is 0.95, which is comparable to the RING Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of NEEGX and RING, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
0.95
1.24
NEEGX
RING

Dividends

NEEGX vs. RING - Dividend Comparison

NEEGX has not paid dividends to shareholders, while RING's dividend yield for the trailing twelve months is around 1.50%.


TTM20232022202120202019201820172016201520142013
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%
RING
iShares MSCI Global Gold Miners ETF
1.50%2.01%2.29%2.38%0.82%0.83%0.70%0.42%1.42%0.97%0.85%1.48%

Drawdowns

NEEGX vs. RING - Drawdown Comparison

The maximum NEEGX drawdown since its inception was -60.83%, smaller than the maximum RING drawdown of -79.47%. Use the drawdown chart below to compare losses from any high point for NEEGX and RING. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-16.33%
-29.51%
NEEGX
RING

Volatility

NEEGX vs. RING - Volatility Comparison

The current volatility for Needham Growth Fund (NEEGX) is 9.04%, while iShares MSCI Global Gold Miners ETF (RING) has a volatility of 11.18%. This indicates that NEEGX experiences smaller price fluctuations and is considered to be less risky than RING based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%JuneJulyAugustSeptemberOctoberNovember
9.04%
11.18%
NEEGX
RING