DELL vs NBXG: Correlation
How closely do Dell Technologies (DELL) and Neuberger Next Generation Connectivity Fund Inc. (NBXG) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DELL and NBXG?
On 3 years of weekly data the DELL/NBXG correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 711.3 %².
Within DELL's tracked universe of 29 assets, NBXG comes in at #13 by 3-year correlation. The last year tells two different stories: DELL led by 247.2 percentage points, +261.0% for DELL against +13.8% for NBXG. Note the risk asymmetry: DELL runs 2.7 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.
DELL vs NBXG: side by side
| DELL (Dell Technologies) | NBXG (Neuberger Next Generation Connectivity Fund Inc.) | |
|---|---|---|
| 1-year return | +261.0% | +13.8% |
| 5-year return | +945.0% | +25.6% |
| Volatility (ann.) | 61.3% | 22.4% |
| Beta vs S&P 500 | 2.02 | 1.28 |
| Max drawdown (3Y) | -59.6% | -22.1% |
| Market cap | $305.1B | $1.2B |
| P/E (trailing) | 36.9 | 3.4 |
| Dividend yield | 0.48% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | DELL | NBXG |
|---|---|---|
| 2022 | -26.6% | -41.4% |
| 2023 | +95.9% | +34.9% |
| 2024 | +53.0% | +28.5% |
| 2025 | +11.2% | +24.2% |
| 2026 | +278.6% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DELL and NBXG good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DELL and NBXG?
As of 2026-08-27, the correlation of weekly returns between DELL and NBXG is 0.52 over 3 years, 0.45 over 1 year and 0.46 over 5 years.
Is NBXG a good diversifier for DELL?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 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/dell-vs-nbxg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dell-vs-nbxg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DELL correlations · NBXG correlations
