IBKR vs NBXG: Correlation
How closely do Interactive Brokers (IBKR) and Neuberger Next Generation Connectivity Fund Inc. (NBXG) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IBKR and NBXG?
On 3 years of weekly data the IBKR/NBXG correlation comes out at 0.59, moderate. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 449.6 %².
Among the 32 assets we track against IBKR, NBXG ranks #4 by 3-year correlation. The last year tells two different stories: IBKR led by 43.2 percentage points, +57.0% for IBKR against +13.8% for NBXG. Note the risk asymmetry: IBKR runs 1.5 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.
IBKR vs NBXG: side by side
| IBKR (Interactive Brokers) | NBXG (Neuberger Next Generation Connectivity Fund Inc.) | |
|---|---|---|
| 1-year return | +57.0% | +13.8% |
| 5-year return | +516.0% | +25.6% |
| Volatility (ann.) | 33.9% | 22.4% |
| Beta vs S&P 500 | 1.37 | 1.28 |
| Max drawdown (3Y) | -38.7% | -22.1% |
| Market cap | $164.5B | $1.2B |
| P/E (trailing) | 38.5 | 3.4 |
| Dividend yield | 0.34% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | IBKR | NBXG |
|---|---|---|
| 2022 | -8.4% | -41.4% |
| 2023 | +15.1% | +34.9% |
| 2024 | +114.4% | +28.5% |
| 2025 | +46.4% | +24.2% |
| 2026 | +50.4% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IBKR and NBXG good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between IBKR and NBXG?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.61 over the last year and 0.51 over 5 years.
Is NBXG a good diversifier for IBKR?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: IBKR correlations · NBXG correlations
