NEEIX vs. BBMIX

Last updated Jul 11, 2026

NEEIX (Needham Growth Fund Institutional Class) and BBMIX (BBH Select Series - Mid Cap Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, NEEIX returned 12.66%/yr vs 2.22%/yr for BBMIX. A 0.75 correlation means they provide meaningful diversification when combined. NEEIX charges 1.21%/yr vs 0.90%/yr for BBMIX.

Performance

NEEIX vs. BBMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Needham Growth Fund Institutional Class (NEEIX) and BBH Select Series - Mid Cap Fund (BBMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NEEIX achieves a 48.79% return, which is significantly higher than BBMIX's 2.86% return.

NEEIX

• 1D: 2.34%
• 1M: -5.02%
• 6M: 36.60%
• YTD: 48.79%
• 1Y: 67.36%
• 3Y*: 25.83%
• 5Y*: 12.66%
• 10Y*: —

BBMIX

• 1D: 0.00%
• 1M: 0.00%
• 6M: 2.86%
• YTD: 2.86%
• 1Y: -3.85%
• 3Y*: 5.06%
• 5Y*: 2.22%
• 10Y*: —

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

NEEIX vs. BBMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NEEIX Needham Growth Fund Institutional Class	48.79%	9.32%	19.26%	27.30%	-33.26%	21.04%
BBMIX BBH Select Series - Mid Cap Fund	2.86%	-6.45%	11.41%	26.01%	-24.76%	13.50%

Correlation

The correlation between NEEIX and BBMIX is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (All Time) Calculated using the full available price history since May 24, 2021	0.75

Over the past year, the correlation between NEEIX and BBMIX has dropped to 0.35 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.

Return for Risk

NEEIX vs. BBMIX — Risk / Return Rank

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

NEEIX

NEEIX Risk / Return Rank: 83
NEEIX Sharpe Ratio Rank: 83
NEEIX Sortino Ratio Rank: 70
NEEIX Omega Ratio Rank: 71
NEEIX Calmar Ratio Rank: 96
NEEIX Martin Ratio Rank: 93

BBMIX

BBMIX Risk / Return Rank: 1
BBMIX Sharpe Ratio Rank: 1
BBMIX Sortino Ratio Rank: 1
BBMIX Omega Ratio Rank: 1
BBMIX Calmar Ratio Rank: 1
BBMIX Martin Ratio Rank: 1

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.

NEEIX vs. BBMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Needham Growth Fund Institutional Class (NEEIX) and BBH Select Series - Mid Cap Fund (BBMIX). 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.

	NEEIX	BBMIX	Difference
Sharpe ratio: Return per unit of total volatility	2.16	-0.49	+2.65
Sortino ratio: Return per unit of downside risk	2.65	-0.64	+3.29
Omega ratio: Gain probability vs. loss probability	1.35	0.90	+0.45
Calmar ratio: Return relative to maximum drawdown	5.03	-0.59	+5.62
Martin ratio: Return relative to average drawdown	15.42	-0.87	+16.28

NEEIX vs. BBMIX - Sharpe Ratio Comparison

The current NEEIX Sharpe Ratio is 2.16, which is higher than the BBMIX Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of NEEIX and BBMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NEEIX vs. BBMIX - Drawdown Comparison

The maximum NEEIX drawdown since its inception was -43.11%, which is greater than BBMIX's maximum drawdown of -28.90%. Use the drawdown chart below to compare losses from any high point for NEEIX and BBMIX.

Drawdown Indicators

	NEEIX	BBMIX	Difference
Max Drawdown Largest peak-to-trough decline	-43.11%	-28.90%	-14.21%
Max Drawdown (1Y) Largest decline over 1 year	-13.22%	-8.89%	-4.33%
Max Drawdown (3Y) Largest decline over 3 years	-36.13%	-23.79%	-12.34%
Max Drawdown (5Y) Largest decline over 5 years	-43.11%	-28.90%	-14.21%
Current Drawdown Current decline from peak	-10.17%	-11.28%	+1.11%
Average Drawdown Average peak-to-trough decline	-10.80%	-10.52%	-0.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.30%	5.45%	-1.15%

Volatility

NEEIX vs. BBMIX - Volatility Comparison

Needham Growth Fund Institutional Class (NEEIX) has a higher volatility of 14.95% compared to BBH Select Series - Mid Cap Fund (BBMIX) at 0.00%. This indicates that NEEIX's price experiences larger fluctuations and is considered to be riskier than BBMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NEEIX	BBMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.95%	0.00%	+14.95%
Volatility (6M) Calculated over the trailing 6-month period	25.28%	4.83%	+20.45%
Volatility (1Y) Calculated over the trailing 1-year period	30.82%	10.74%	+20.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.15%	19.67%	+9.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.18%	19.47%	+6.71%

NEEIX vs. BBMIX - Expense Ratio Comparison

NEEIX has a 1.21% expense ratio, which is higher than BBMIX's 0.90% expense ratio.

Dividends

NEEIX vs. BBMIX - Dividend Comparison

NEEIX's dividend yield for the trailing twelve months is around 4.81%, while BBMIX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BBMIX BBH Select Series - Mid Cap Fund	0.00%	0.00%	0.32%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NEEIX Needham Growth Fund Institutional Class	4.81%	7.16%	7.48%	0.00%	1.72%	6.70%	5.58%	11.09%	17.58%	9.64%

Frequently Asked Questions

Can I hold both NEEIX and BBMIX in my portfolio?

NEEIX and BBMIX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NEEIX or BBMIX?

NEEIX has higher volatility (14.95%) compared to BBMIX (0.00%). In terms of maximum drawdown, NEEIX dropped -43.11% vs BBMIX's -28.90%.

Which has better risk-adjusted returns?

NEEIX currently has the higher Sharpe Ratio (2.16 vs -0.49), 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.