CHPT vs NBXG: Correlation
How closely do ChargePoint Holdings, Inc. (CHPT) and Neuberger Next Generation Connectivity Fund Inc. (NBXG) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHPT and NBXG?
Over the past 3 years, CHPT and NBXG moved with a correlation of 0.48, which is moderate. The link has tightened recently: the 1-year correlation (0.65) runs above the 3-year figure (0.48). Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 817.9 %².
By 3-year correlation, NBXG places #4 of the 16 assets tracked against CHPT. Correlation aside, the last 12 months split them widely, with NBXG ahead by 62.9 points (-49.1% versus +13.8%). One caveat on sizing: CHPT is 3.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CHPT vs NBXG: side by side
| CHPT (ChargePoint Holdings, Inc.) | NBXG (Neuberger Next Generation Connectivity Fund Inc.) | |
|---|---|---|
| 1-year return | -49.1% | +13.8% |
| 5-year return | -98.6% | +25.6% |
| Volatility (ann.) | 76.7% | 22.4% |
| Beta vs S&P 500 | 2.40 | 1.28 |
| Max drawdown (3Y) | -97.0% | -22.1% |
| Market cap | $0.2B | $1.2B |
| P/E (trailing) | – | 3.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHPT | NBXG |
|---|---|---|
| 2022 | -50.0% | -41.4% |
| 2023 | -75.4% | +34.9% |
| 2024 | -54.3% | +28.5% |
| 2025 | -69.0% | +24.2% |
| 2026 | -12.2% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHPT and NBXG good diversifiers for each other?
Reasonably. At 0.48, CHPT and NBXG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHPT and NBXG?
As of 2026-08-27, the correlation of weekly returns between CHPT and NBXG is 0.48 over 3 years, 0.65 over 1 year and 0.50 over 5 years.
Is NBXG a good diversifier for CHPT?
Reasonably. At 0.48, CHPT and NBXG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chpt-vs-nbxg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/chpt-vs-nbxg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CHPT correlations · NBXG correlations
