NESIX vs. NESGX
NESIX (Needham Small Cap Growth Fund Institutional) and NESGX (Needham Small Cap Growth Fund) are both Small Cap Growth Equities funds from Needham. Over the past 5 years, NESIX returned 6.15%/yr vs 5.57%/yr for NESGX. Their 1.00 correlation means they have historically moved very closely together. NESIX charges 1.18%/yr vs 1.85%/yr for NESGX.
Performance
NESIX vs. NESGX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with NESIX having a 56.00% return and NESGX slightly lower at 55.46%.
NESIX
- 1D
- 1.73%
- 1M
- -8.85%
- 6M
- 38.72%
- YTD
- 56.00%
- 1Y
- 78.30%
- 3Y*
- 25.24%
- 5Y*
- 6.15%
- 10Y*
- —
- ALL TIME*
- 17.53%
NESGX
- 1D
- 1.73%
- 1M
- -8.87%
- 6M
- 38.32%
- YTD
- 55.46%
- 1Y
- 77.26%
- 3Y*
- 24.51%
- 5Y*
- 5.57%
- 10Y*
- 17.79%
- ALL TIME*
- 12.83%
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 |
NESIX vs. NESGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NESIX Needham Small Cap Growth Fund Institutional | 56.00% | 11.16% | 13.47% | 5.85% | -29.71% | 11.36% | 73.06% | 55.28% | -4.87% | 12.63% |
NESGX Needham Small Cap Growth Fund | 55.46% | 10.50% | 12.76% | 5.68% | -30.21% | 10.59% | 71.90% | 54.42% | -5.43% | 11.96% |
Correlation
The correlation between NESIX and NESGX is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 1.00 |
The correlation between NESIX and NESGX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
NESIX vs. NESGX — Risk / Return Rank
NESIX
NESGX
NESIX vs. NESGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Needham Small Cap Growth Fund Institutional (NESIX) and Needham Small Cap Growth Fund (NESGX). 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.
| NESIX | NESGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.33 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 3.31 | +0.05 |
| Martin ratioReturn relative to average drawdown | 12.96 | 12.74 | +0.21 |
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Drawdowns
NESIX vs. NESGX - Drawdown Comparison
The maximum NESIX drawdown since its inception was -49.61%, roughly equal to the maximum NESGX drawdown of -50.29%. Use the drawdown chart below to compare losses from any high point for NESIX and NESGX.
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Drawdown Indicators
| NESIX | NESGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.61% | -50.29% | +0.68% |
Max Drawdown (1Y)Largest decline over 1 year | -22.10% | -22.14% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -35.21% | -35.27% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -49.61% | -50.05% | +0.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.29% | — |
Current DrawdownCurrent decline from peak | -16.63% | -16.68% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -14.87% | -11.64% | -3.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.72% | 5.74% | -0.02% |
Volatility
NESIX vs. NESGX - Volatility Comparison
Needham Small Cap Growth Fund Institutional (NESIX) and Needham Small Cap Growth Fund (NESGX) have volatilities of 13.44% and 13.44%, 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.
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Volatility by Period
| NESIX | NESGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.44% | 13.44% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 26.18% | 26.17% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.35% | 34.33% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.17% | 30.16% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.86% | 26.40% | +0.46% |
NESIX vs. NESGX - Expense Ratio Comparison
NESIX has a 1.18% expense ratio, which is lower than NESGX's 1.85% expense ratio.
Dividends
NESIX vs. NESGX - Dividend Comparison
Neither NESIX nor NESGX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NESGX Needham Small Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 4.16% | 25.09% | 13.69% | 8.43% | 22.26% | 8.94% | 6.67% | 2.52% |
NESIX Needham Small Cap Growth Fund Institutional | 0.00% | 0.00% | 0.00% | 0.00% | 3.93% | 23.92% | 13.26% | 8.25% | 21.96% | 8.89% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 1.00, NESIX and NESGX 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.
NESGX has higher volatility (13.44%) compared to NESIX (13.44%). In terms of maximum drawdown, NESIX dropped -49.61% vs NESGX's -50.29%.
NESIX currently has the higher Sharpe Ratio (2.17 vs 2.14), 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.
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