META vs NBXG: Correlation
Measured on weekly returns over the past three years, Meta Platforms (META) and Neuberger Next Generation Connectivity Fund Inc. (NBXG) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are META and NBXG?
Over the past 3 years, META and NBXG moved with a correlation of 0.56, which is moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 464.1 %².
Among the 33 assets we track against META, NBXG ranks #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NBXG outperformed by 37.1 percentage points (-23.3% for META against +13.8% for NBXG). One caveat on sizing: META is 1.6 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.
META vs NBXG: side by side
| META (Meta Platforms) | NBXG (Neuberger Next Generation Connectivity Fund Inc.) | |
|---|---|---|
| 1-year return | -23.3% | +13.8% |
| 5-year return | +51.3% | +25.6% |
| Volatility (ann.) | 36.9% | 22.4% |
| Beta vs S&P 500 | 1.45 | 1.28 |
| Max drawdown (3Y) | -34.2% | -22.1% |
| Market cap | $1,454.9B | $1.2B |
| P/E (trailing) | 21.7 | 3.4 |
| Dividend yield | 0.36% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | META | NBXG |
|---|---|---|
| 2022 | -64.2% | -41.4% |
| 2023 | +194.1% | +34.9% |
| 2024 | +66.0% | +28.5% |
| 2025 | +13.1% | +24.2% |
| 2026 | -13.3% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are META and NBXG good diversifiers for each other?
Only partially. A correlation of 0.56 means META and NBXG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between META and NBXG?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.50 over the last year and 0.53 over 5 years.
Is NBXG a good diversifier for META?
Only partially. A correlation of 0.56 means META and NBXG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
On the −1 to +1 scale, 0.56 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/meta-vs-nbxg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/meta-vs-nbxg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: META correlations · NBXG correlations
