OBMCX vs. NEAGX
Compare and contrast key facts about Oberweis Micro Cap Fund (OBMCX) and Needham Aggressive Growth Fund (NEAGX).
OBMCX is managed by Oberweis. It was launched on Dec 29, 1995. NEAGX is managed by Needham. It was launched on Sep 4, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OBMCX or NEAGX.
Key characteristics
| OBMCX | NEAGX | |
|---|---|---|
| YTD Return | 15.24% | 11.27% |
| 1Y Return | 24.79% | 23.57% |
| 3Y Return (Ann) | 11.26% | 7.51% |
| 5Y Return (Ann) | 20.88% | 21.20% |
| 10Y Return (Ann) | 15.96% | 13.75% |
| Sharpe Ratio | 1.04 | 1.10 |
| Daily Std Dev | 23.25% | 21.78% |
| Max Drawdown | -67.42% | -41.80% |
| Current Drawdown | -4.31% | -10.30% |
Correlation
The correlation between OBMCX and NEAGX is 0.81, 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
OBMCX vs. NEAGX - Performance Comparison
In the year-to-date period, OBMCX achieves a 15.24% return, which is significantly higher than NEAGX's 11.27% return. Over the past 10 years, OBMCX has outperformed NEAGX with an annualized return of 15.96%, while NEAGX has yielded a comparatively lower 13.75% 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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OBMCX vs. NEAGX - Expense Ratio Comparison
OBMCX has a 1.48% expense ratio, which is lower than NEAGX's 1.86% expense ratio.
Risk-Adjusted Performance
OBMCX vs. NEAGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Oberweis Micro Cap Fund (OBMCX) and Needham Aggressive Growth Fund (NEAGX). 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
OBMCX vs. NEAGX - Dividend Comparison
Neither OBMCX nor NEAGX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
OBMCX Oberweis Micro Cap Fund | 0.00% | 0.00% | 1.37% | 24.35% | 0.00% | 0.00% | 19.67% | 11.76% | 0.05% | 3.07% | 8.03% |
NEAGX Needham Aggressive Growth Fund | 0.00% | 0.00% | 0.00% | 7.10% | 3.91% | 10.64% | 16.57% | 5.17% | 6.72% | 11.88% | 3.02% |
Drawdowns
OBMCX vs. NEAGX - Drawdown Comparison
The maximum OBMCX drawdown since its inception was -67.42%, which is greater than NEAGX's maximum drawdown of -41.80%. Use the drawdown chart below to compare losses from any high point for OBMCX and NEAGX. For additional features, visit the drawdowns tool.
Volatility
OBMCX vs. NEAGX - Volatility Comparison
Oberweis Micro Cap Fund (OBMCX) and Needham Aggressive Growth Fund (NEAGX) have volatilities of 7.42% and 7.18%, 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.