NESGX vs. SWPPX
Compare and contrast key facts about Needham Small Cap Growth Fund (NESGX) and Schwab S&P 500 Index Fund (SWPPX).
NESGX is managed by Needham. It was launched on May 22, 2002. SWPPX is managed by Charles Schwab.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NESGX or SWPPX.
Key characteristics
| NESGX | SWPPX | |
|---|---|---|
| YTD Return | 16.67% | 27.13% |
| 1Y Return | 50.00% | 39.87% |
| 3Y Return (Ann) | -14.99% | 10.27% |
| 5Y Return (Ann) | 2.74% | 15.99% |
| 10Y Return (Ann) | 2.02% | 13.41% |
| Sharpe Ratio | 1.63 | 3.11 |
| Sortino Ratio | 2.42 | 4.13 |
| Omega Ratio | 1.28 | 1.58 |
| Calmar Ratio | 0.80 | 4.58 |
| Martin Ratio | 7.31 | 20.69 |
| Ulcer Index | 6.48% | 1.87% |
| Daily Std Dev | 29.00% | 12.45% |
| Max Drawdown | -65.82% | -55.06% |
| Current Drawdown | -39.24% | 0.00% |
Correlation
The correlation between NESGX and SWPPX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
NESGX vs. SWPPX - Performance Comparison
In the year-to-date period, NESGX achieves a 16.67% return, which is significantly lower than SWPPX's 27.13% return. Over the past 10 years, NESGX has underperformed SWPPX with an annualized return of 2.02%, while SWPPX has yielded a comparatively higher 13.41% 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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NESGX vs. SWPPX - Expense Ratio Comparison
NESGX has a 1.85% expense ratio, which is higher than SWPPX's 0.02% expense ratio.
Risk-Adjusted Performance
NESGX vs. SWPPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Needham Small Cap Growth Fund (NESGX) and Schwab S&P 500 Index Fund (SWPPX). 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
NESGX vs. SWPPX - Dividend Comparison
NESGX has not paid dividends to shareholders, while SWPPX's dividend yield for the trailing twelve months is around 1.13%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NESGX Needham Small Cap 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% |
SWPPX Schwab S&P 500 Index Fund | 1.13% | 1.43% | 1.67% | 1.17% | 1.81% | 1.77% | 2.20% | 1.75% | 1.99% | 2.15% | 1.80% | 1.67% |
Drawdowns
NESGX vs. SWPPX - Drawdown Comparison
The maximum NESGX drawdown since its inception was -65.82%, which is greater than SWPPX's maximum drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for NESGX and SWPPX. For additional features, visit the drawdowns tool.
Volatility
NESGX vs. SWPPX - Volatility Comparison
Needham Small Cap Growth Fund (NESGX) has a higher volatility of 7.27% compared to Schwab S&P 500 Index Fund (SWPPX) at 3.91%. This indicates that NESGX's price experiences larger fluctuations and is considered to be riskier than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.