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.
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
Key characteristics
NESGX:
0.60
^NDX:
1.39
NESGX:
1.07
^NDX:
1.89
NESGX:
1.12
^NDX:
1.25
NESGX:
0.33
^NDX:
1.89
NESGX:
2.74
^NDX:
6.47
NESGX:
6.29%
^NDX:
3.97%
NESGX:
28.17%
^NDX:
18.50%
NESGX:
-65.82%
^NDX:
-82.90%
NESGX:
-41.37%
^NDX:
0.00%
Returns By Period
In the year-to-date period, NESGX achieves a -0.16% return, which is significantly lower than ^NDX's 5.25% return. Over the past 10 years, NESGX has underperformed ^NDX with an annualized return of 2.38%, while ^NDX has yielded a comparatively higher 17.47% annualized return.
NESGX
-0.16%
-4.60%
0.00%
9.63%
0.64%
2.38%
^NDX
5.25%
3.14%
11.88%
25.04%
17.95%
17.47%
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Risk-Adjusted Performance
NESGX vs. ^NDX — Risk-Adjusted Performance Rank
NESGX
^NDX
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 8.12% compared to NASDAQ 100 (^NDX) at 5.12%. 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.