PMVAX vs. NEEGX
PMVAX (Putnam Sustainable Future Fund) and NEEGX (Needham Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, PMVAX returned 8.85%/yr vs 14.06%/yr for NEEGX. Their correlation of 0.83 means they have usually moved in the same direction. PMVAX charges 1.00%/yr vs 1.78%/yr for NEEGX.
Performance
PMVAX vs. NEEGX - Performance Comparison
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Returns By Period
In the year-to-date period, PMVAX achieves a 1.73% return, which is significantly lower than NEEGX's 34.50% return. Over the past 10 years, PMVAX has underperformed NEEGX with an annualized return of 8.85%, while NEEGX has yielded a comparatively higher 14.06% annualized return.
PMVAX
- 1D
- 2.58%
- 1M
- -4.05%
- 6M
- 4.28%
- YTD
- 1.73%
- 1Y
- 1.86%
- 3Y*
- 9.24%
- 5Y*
- -1.18%
- 10Y*
- 8.85%
- ALL TIME*
- 9.24%
NEEGX
- 1D
- 5.86%
- 1M
- -10.02%
- 6M
- 17.12%
- YTD
- 34.50%
- 1Y
- 51.33%
- 3Y*
- 16.90%
- 5Y*
- 8.81%
- 10Y*
- 14.06%
- ALL TIME*
- 12.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
NEEGX Needham Growth Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
PMVAX vs. NEEGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMVAX Putnam Sustainable Future Fund | 1.73% | 2.64% | 14.87% | 28.60% | -33.93% | 5.99% | 52.93% | 29.77% | -7.08% | 10.61% |
NEEGX Needham Growth Fund | 34.50% | 8.76% | 14.45% | 26.85% | -33.57% | 27.63% | 41.73% | 42.33% | -10.56% | 8.33% |
Correlation
The correlation between PMVAX and NEEGX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 1999 | 0.83 |
The correlation between PMVAX and NEEGX has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.
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Return for Risk
PMVAX vs. NEEGX — Risk / Return Rank
PMVAX
NEEGX
PMVAX vs. NEEGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Sustainable Future Fund (PMVAX) and Needham Growth Fund (NEEGX). 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.
| PMVAX | NEEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.24 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 2.00 | -2.03 |
| Martin ratioReturn relative to average drawdown | -0.09 | 8.32 | -8.41 |
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Drawdowns
PMVAX vs. NEEGX - Drawdown Comparison
The maximum PMVAX drawdown since its inception was -61.94%, which is greater than NEEGX's maximum drawdown of -53.60%. Use the drawdown chart below to compare losses from any high point for PMVAX and NEEGX.
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Drawdown Indicators
| PMVAX | NEEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.94% | -53.60% | -8.34% |
Max Drawdown (1Y)Largest decline over 1 year | -14.96% | -23.15% | +8.19% |
Max Drawdown (3Y)Largest decline over 3 years | -27.38% | -38.66% | +11.28% |
Max Drawdown (5Y)Largest decline over 5 years | -44.20% | -43.35% | -0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -44.20% | -43.35% | -0.85% |
Current DrawdownCurrent decline from peak | -9.36% | -18.65% | +9.29% |
Average DrawdownAverage peak-to-trough decline | -10.98% | -10.88% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 5.68% | -0.35% |
Volatility
PMVAX vs. NEEGX - Volatility Comparison
The current volatility for Putnam Sustainable Future Fund (PMVAX) is 5.64%, while Needham Growth Fund (NEEGX) has a volatility of 12.98%. This indicates that PMVAX experiences smaller price fluctuations and is considered to be less risky than NEEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMVAX | NEEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 12.98% | -7.34% |
Volatility (6M)Calculated over the trailing 6-month period | 14.31% | 26.85% | -12.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 32.47% | -14.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.54% | 29.42% | -7.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.50% | 25.90% | -5.40% |
PMVAX vs. NEEGX - Expense Ratio Comparison
PMVAX has a 1.00% expense ratio, which is lower than NEEGX's 1.78% expense ratio.
Dividends
PMVAX vs. NEEGX - Dividend Comparison
PMVAX's dividend yield for the trailing twelve months is around 14.00%, more than NEEGX's 5.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEEGX Needham Growth Fund | 5.63% | 7.57% | 3.92% | 0.00% | 1.78% | 6.92% | 5.73% | 11.31% | 17.79% | 9.70% | 4.22% | 6.74% |
PMVAX Putnam Sustainable Future Fund | 14.00% | 14.24% | 12.53% | 0.00% | 0.00% | 16.32% | 10.06% | 2.67% | 31.09% | 4.49% | 2.25% | 8.33% |
Frequently Asked Questions
PMVAX and NEEGX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NEEGX has higher volatility (12.98%) compared to PMVAX (5.64%). In terms of maximum drawdown, PMVAX dropped -61.94% vs NEEGX's -53.60%.
NEEGX currently has the higher Sharpe Ratio (1.42 vs -0.03), 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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