NEEIX vs. NEEGX

Last updated Jun 4, 2026

NEEIX (Needham Growth Fund Institutional Class) and NEEGX (Needham Growth Fund) are both Mid Cap Growth Equities funds from Needham. Over the past 5 years, NEEIX returned 16.33%/yr vs 14.97%/yr for NEEGX. With a 1.00 correlation, they move nearly in lockstep. NEEIX charges 1.21%/yr vs 1.78%/yr for NEEGX.

Performance

NEEIX vs. NEEGX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with NEEIX having a 59.61% return and NEEGX slightly lower at 59.35%.

NEEIX

• 1D: 4.73%
• 1M: 16.98%
• YTD: 59.61%
• 6M: 57.27%
• 1Y: 98.30%
• 3Y*: 30.88%
• 5Y*: 16.33%
• 10Y*: —

NEEGX

• 1D: 4.73%
• 1M: 16.94%
• YTD: 59.35%
• 6M: 56.93%
• 1Y: 97.40%
• 3Y*: 28.72%
• 5Y*: 14.97%
• 10Y*: 16.37%

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

NEEIX vs. NEEGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEEIX Needham Growth Fund Institutional Class	59.61%	9.32%	19.26%	27.30%	-33.26%	28.13%	42.39%	43.15%	-10.13%	8.47%
NEEGX Needham Growth Fund	59.35%	8.76%	14.45%	26.85%	-33.57%	27.63%	41.73%	42.33%	-10.56%	7.91%

Correlation

The correlation between NEEIX and NEEGX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	1.00

The correlation between NEEIX and NEEGX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

NEEIX vs. NEEGX — Risk / Return Rank

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

NEEIX

NEEIX Risk / Return Rank: 93
NEEIX Sharpe Ratio Rank: 98
NEEIX Sortino Ratio Rank: 88
NEEIX Omega Ratio Rank: 83
NEEIX Calmar Ratio Rank: 98
NEEIX Martin Ratio Rank: 97

NEEGX

NEEGX Risk / Return Rank: 93
NEEGX Sharpe Ratio Rank: 98
NEEGX Sortino Ratio Rank: 89
NEEGX Omega Ratio Rank: 84
NEEGX Calmar Ratio Rank: 98
NEEGX Martin Ratio Rank: 97

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. NEEGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Needham Growth Fund Institutional Class (NEEIX) and Needham Growth Fund (NEEGX). 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.

	NEEIX	NEEGX	Difference
Sharpe ratio: Return per unit of total volatility	3.83	3.79	+0.04
Sortino ratio: Return per unit of downside risk	4.35	4.32	+0.03
Omega ratio: Gain probability vs. loss probability	1.57	1.56	+0.01
Calmar ratio: Return relative to maximum drawdown	7.85	7.75	+0.10
Martin ratio: Return relative to average drawdown	26.70	26.32	+0.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NEEIX vs. NEEGX - Sharpe Ratio Comparison

The current NEEIX Sharpe Ratio is 3.83, which is comparable to the NEEGX Sharpe Ratio of 3.79. The chart below compares the historical Sharpe Ratios of NEEIX and NEEGX, 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

	NEEIX	NEEGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.83	3.79	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.53	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.59	+0.08

Drawdowns

NEEIX vs. NEEGX - Drawdown Comparison

The maximum NEEIX drawdown since its inception was -43.11%, smaller than the maximum NEEGX drawdown of -53.60%. Use the drawdown chart below to compare losses from any high point for NEEIX and NEEGX.

Drawdown Indicators

	NEEIX	NEEGX	Difference
Max Drawdown Largest peak-to-trough decline	-43.11%	-53.60%	+10.49%
Max Drawdown (1Y) Largest decline over 1 year	-13.22%	-13.27%	+0.05%
Max Drawdown (3Y) Largest decline over 3 years	-36.13%	-38.66%	+2.53%
Max Drawdown (5Y) Largest decline over 5 years	-43.11%	-43.35%	+0.24%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.35%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.87%	-10.89%	+0.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.88%	3.90%	-0.02%

Volatility

NEEIX vs. NEEGX - Volatility Comparison

Needham Growth Fund Institutional Class (NEEIX) and Needham Growth Fund (NEEGX) have volatilities of 9.69% and 9.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NEEIX	NEEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.69%	9.71%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	20.89%	20.91%	-0.02%
Volatility (1Y) Calculated over the trailing 1-year period	27.10%	27.12%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.31%	28.30%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.79%	25.29%	+0.50%

NEEIX vs. NEEGX - Expense Ratio Comparison

NEEIX has a 1.21% expense ratio, which is lower than NEEGX's 1.78% expense ratio.

Dividends

NEEIX vs. NEEGX - Dividend Comparison

NEEIX's dividend yield for the trailing twelve months is around 4.49%, less than NEEGX's 4.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NEEGX Needham Growth Fund	4.75%	7.57%	3.92%	0.00%	1.78%	6.92%	5.73%	11.31%	17.79%	9.70%	4.22%	6.74%
NEEIX Needham Growth Fund Institutional Class	4.49%	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

Can I hold both NEEIX and NEEGX in my portfolio?

With a correlation of 1.00, NEEIX and NEEGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, NEEIX or NEEGX?

NEEGX has higher volatility (9.71%) compared to NEEIX (9.69%). In terms of maximum drawdown, NEEIX dropped -43.11% vs NEEGX's -53.60%.

Which has better risk-adjusted returns?

NEEIX currently has the higher Sharpe Ratio (3.83 vs 3.79), 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.