NEEGX vs. RING
Compare and contrast key facts about Needham Growth Fund (NEEGX) and iShares MSCI Global Gold Miners ETF (RING).
NEEGX is managed by Needham. It was launched on Jan 2, 1996. RING is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Gold Miners Investable Market Index. It was launched on Jan 31, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NEEGX or RING.
Key characteristics
| NEEGX | RING | |
|---|---|---|
| YTD Return | 18.62% | 20.96% |
| 1Y Return | 39.19% | 42.84% |
| 3Y Return (Ann) | -2.51% | 2.85% |
| 5Y Return (Ann) | 10.44% | 7.96% |
| 10Y Return (Ann) | 3.16% | 8.08% |
| Sharpe Ratio | 1.46 | 1.29 |
| Sortino Ratio | 2.13 | 1.83 |
| Omega Ratio | 1.25 | 1.23 |
| Calmar Ratio | 1.04 | 0.77 |
| Martin Ratio | 5.41 | 5.57 |
| Ulcer Index | 7.09% | 7.55% |
| Daily Std Dev | 26.35% | 32.47% |
| Max Drawdown | -60.83% | -79.47% |
| Current Drawdown | -12.20% | -33.49% |
Correlation
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.
Performance
NEEGX vs. RING - Performance Comparison
In the year-to-date period, NEEGX achieves a 18.62% return, which is significantly lower than RING's 20.96% return. Over the past 10 years, NEEGX has underperformed RING with an annualized return of 3.16%, while RING has yielded a comparatively higher 8.08% 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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NEEGX vs. RING - Expense Ratio Comparison
NEEGX has a 1.78% expense ratio, which is higher than RING's 0.39% expense ratio.
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.
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 1.59%.
| 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% |
RING iShares MSCI Global Gold Miners ETF | 1.59% | 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.
Volatility
NEEGX vs. RING - Volatility Comparison
The current volatility for Needham Growth Fund (NEEGX) is 6.14%, while iShares MSCI Global Gold Miners ETF (RING) has a volatility of 11.00%. 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.