NEEIX vs. BQMGX
NEEIX (Needham Growth Fund Institutional Class) and BQMGX (Bright Rock Mid Cap Growth Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, NEEIX returned 10.10%/yr vs 2.40%/yr for BQMGX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. NEEIX charges 1.21%/yr vs 1.07%/yr for BQMGX.
Performance
NEEIX vs. BQMGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NEEIX achieves a 34.81% return, which is significantly higher than BQMGX's 0.68% return.
NEEIX
- 1D
- 5.86%
- 1M
- -9.99%
- 6M
- 17.35%
- YTD
- 34.81%
- 1Y
- 52.00%
- 3Y*
- 18.86%
- 5Y*
- 10.10%
- 10Y*
- —
- ALL TIME*
- 14.98%
BQMGX
- 1D
- -0.46%
- 1M
- 0.13%
- 6M
- -1.08%
- YTD
- 0.68%
- 1Y
- -1.53%
- 3Y*
- 4.91%
- 5Y*
- 2.40%
- 10Y*
- 8.95%
- ALL TIME*
- 9.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NEEIX vs. BQMGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEEIX Needham Growth Fund Institutional Class | 34.81% | 9.32% | 19.26% | 27.30% | -33.26% | 28.13% | 42.39% | 43.15% | -10.13% | 8.47% |
BQMGX Bright Rock Mid Cap Growth Fund | 0.68% | -0.29% | 14.16% | 13.00% | -19.44% | 23.02% | 19.62% | 32.05% | -6.68% | 22.16% |
Correlation
The correlation between NEEIX and BQMGX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.75 |
Over the past year, the correlation between NEEIX and BQMGX has dropped to 0.40 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NEEIX vs. BQMGX — Risk / Return Rank
NEEIX
BQMGX
NEEIX vs. BQMGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Needham Growth Fund Institutional Class (NEEIX) and Bright Rock Mid Cap Growth Fund (BQMGX). 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 | BQMGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 0.97 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | -0.25 | +2.28 |
| Martin ratioReturn relative to average drawdown | 8.46 | -0.53 | +8.99 |
Loading charts...
Drawdowns
NEEIX vs. BQMGX - Drawdown Comparison
The maximum NEEIX drawdown since its inception was -43.11%, which is greater than BQMGX's maximum drawdown of -36.05%. Use the drawdown chart below to compare losses from any high point for NEEIX and BQMGX.
Loading charts...
Drawdown Indicators
| NEEIX | BQMGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.11% | -36.05% | -7.06% |
Max Drawdown (1Y)Largest decline over 1 year | -23.12% | -11.62% | -11.50% |
Max Drawdown (3Y)Largest decline over 3 years | -36.13% | -18.72% | -17.41% |
Max Drawdown (5Y)Largest decline over 5 years | -43.11% | -25.92% | -17.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.05% | — |
Current DrawdownCurrent decline from peak | -18.62% | -5.45% | -13.17% |
Average DrawdownAverage peak-to-trough decline | -10.82% | -5.88% | -4.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.66% | 5.50% | +0.16% |
Volatility
NEEIX vs. BQMGX - Volatility Comparison
Needham Growth Fund Institutional Class (NEEIX) has a higher volatility of 12.98% compared to Bright Rock Mid Cap Growth Fund (BQMGX) at 3.31%. This indicates that NEEIX's price experiences larger fluctuations and is considered to be riskier than BQMGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NEEIX | BQMGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.98% | 3.31% | +9.67% |
Volatility (6M)Calculated over the trailing 6-month period | 26.84% | 9.42% | +17.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.46% | 12.41% | +20.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.43% | 16.86% | +12.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.32% | 17.92% | +8.40% |
NEEIX vs. BQMGX - Expense Ratio Comparison
NEEIX has a 1.21% expense ratio, which is higher than BQMGX's 1.07% expense ratio.
Dividends
NEEIX vs. BQMGX - Dividend Comparison
NEEIX's dividend yield for the trailing twelve months is around 5.31%, more than BQMGX's 4.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BQMGX Bright Rock Mid Cap Growth Fund | 4.09% | 4.12% | 5.99% | 0.00% | 5.90% | 8.05% | 5.27% | 3.50% | 0.00% | 0.08% | 1.07% | 5.80% |
NEEIX Needham Growth Fund Institutional Class | 5.31% | 7.16% | 7.48% | 0.00% | 1.72% | 6.70% | 5.58% | 11.09% | 17.58% | 9.64% | 0.00% | 0.00% |
Frequently Asked Questions
NEEIX and BQMGX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEEIX has higher volatility (12.98%) compared to BQMGX (3.31%). In terms of maximum drawdown, NEEIX dropped -43.11% vs BQMGX's -36.05%.
NEEIX currently has the higher Sharpe Ratio (1.44 vs -0.23), 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.
Find the right allocation for NEEIX and BQMGX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer