NESGX vs. ^NDX
Compare and contrast key facts about Needham Small Cap Growth Fund (NESGX) and NASDAQ 100 (^NDX).
NESGX is managed by Needham. It was launched on May 22, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NESGX or ^NDX.
Key characteristics
| NESGX | ^NDX | |
|---|---|---|
| YTD Return | 15.51% | 25.23% |
| 1Y Return | 45.43% | 36.09% |
| 3Y Return (Ann) | -9.03% | 9.20% |
| 5Y Return (Ann) | 2.52% | 20.68% |
| 10Y Return (Ann) | 2.01% | 17.48% |
| Sharpe Ratio | 1.55 | 2.04 |
| Sortino Ratio | 2.32 | 2.70 |
| Omega Ratio | 1.27 | 1.37 |
| Calmar Ratio | 0.77 | 2.63 |
| Martin Ratio | 6.92 | 9.50 |
| Ulcer Index | 6.48% | 3.76% |
| Daily Std Dev | 28.89% | 17.54% |
| Max Drawdown | -65.82% | -82.90% |
| Current Drawdown | -39.84% | -0.22% |
Correlation
The correlation between NESGX and ^NDX is 0.74, 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. ^NDX - Performance Comparison
In the year-to-date period, NESGX achieves a 15.51% return, which is significantly lower than ^NDX's 25.23% return. Over the past 10 years, NESGX has underperformed ^NDX with an annualized return of 2.01%, while ^NDX has yielded a comparatively higher 17.48% 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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Risk-Adjusted Performance
NESGX vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Needham Small Cap Growth Fund (NESGX) and NASDAQ 100 (^NDX). 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.
Drawdowns
NESGX vs. ^NDX - Drawdown Comparison
The maximum NESGX drawdown since its inception was -65.82%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for NESGX and ^NDX. For additional features, visit the drawdowns tool.
Volatility
NESGX vs. ^NDX - Volatility Comparison
Needham Small Cap Growth Fund (NESGX) has a higher volatility of 7.18% compared to NASDAQ 100 (^NDX) at 5.15%. This indicates that NESGX's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.