BSTZ vs NBXG: Correlation
BlackRock Science and Technology Term Trust (BSTZ) and Neuberger Next Generation Connectivity Fund Inc. (NBXG) show a strong relationship: their 3-year correlation of weekly returns is 0.79.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BSTZ and NBXG?
Across a 3-year window, the weekly returns of BSTZ and NBXG correlate at 0.79, strong. Little has changed lately, as the 1-year reading of 0.78 lands near the 3-year figure. Stretching to 5 years gives 0.80, with an annualized covariance of 418.2 %².
NBXG is one of the assets that tracks BSTZ most closely: it ranks #3 out of the 21 assets we track against BSTZ. Their recent paths diverged sharply: over the last 12 months BSTZ outperformed by 43.6 percentage points (+57.4% for BSTZ against +13.8% for NBXG).
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.
BSTZ vs NBXG: side by side
| BSTZ (BlackRock Science and Technology Term Trust) | NBXG (Neuberger Next Generation Connectivity Fund Inc.) | |
|---|---|---|
| 1-year return | +57.4% | +13.8% |
| 5-year return | +31.6% | +25.6% |
| Volatility (ann.) | 23.7% | 22.4% |
| Beta vs S&P 500 | 1.19 | 1.28 |
| Max drawdown (3Y) | -25.3% | -22.1% |
| Market cap | $2.1B | $1.2B |
| P/E (trailing) | 6.7 | 3.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BSTZ | NBXG |
|---|---|---|
| 2022 | -55.3% | -41.4% |
| 2023 | +18.7% | +34.9% |
| 2024 | +37.5% | +28.5% |
| 2025 | +25.1% | +24.2% |
| 2026 | +44.7% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BSTZ and NBXG good diversifiers for each other?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BSTZ and NBXG?
As of 2026-08-27, the correlation of weekly returns between BSTZ and NBXG is 0.79 over 3 years, 0.78 over 1 year and 0.80 over 5 years.
Is NBXG a good diversifier for BSTZ?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.79 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bstz-vs-nbxg.json
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[](https://www.pairbook.io/pair/bstz-vs-nbxg/)
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Related comparisons
Hubs: BSTZ correlations · NBXG correlations
