AMD vs NBXG: Correlation
Measured on weekly returns over the past three years, Advanced Micro Devices (AMD) and Neuberger Next Generation Connectivity Fund Inc. (NBXG) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMD and NBXG?
Across a 3-year window, the weekly returns of AMD and NBXG correlate at 0.58, moderate. The link has loosened recently: the 1-year correlation (0.44) runs below the 3-year figure (0.58). Stretching to 5 years gives 0.59, with an annualized covariance of 717.3 %².
By 3-year correlation, NBXG places #8 of the 33 assets tracked against AMD. Correlation aside, the last 12 months split them widely, with AMD ahead by 171.4 points (+185.2% versus +13.8%). Note the risk asymmetry: AMD runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AMD vs NBXG: side by side
| AMD (Advanced Micro Devices) | NBXG (Neuberger Next Generation Connectivity Fund Inc.) | |
|---|---|---|
| 1-year return | +185.2% | +13.8% |
| 5-year return | +328.2% | +25.6% |
| Volatility (ann.) | 55.7% | 22.4% |
| Beta vs S&P 500 | 2.04 | 1.28 |
| Max drawdown (3Y) | -63.0% | -22.1% |
| Market cap | $778.2B | $1.2B |
| P/E (trailing) | 121.9 | 3.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AMD | NBXG |
|---|---|---|
| 2022 | -55.0% | -41.4% |
| 2023 | +127.6% | +34.9% |
| 2024 | -18.1% | +28.5% |
| 2025 | +77.3% | +24.2% |
| 2026 | +122.6% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMD and NBXG good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMD and NBXG?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.44 over the last year and 0.59 over 5 years.
Is NBXG a good diversifier for AMD?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
A reading of 0.58 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amd-vs-nbxg.json
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[](https://www.pairbook.io/pair/amd-vs-nbxg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMD correlations · NBXG correlations
