MRVL vs NBXG: Correlation
How closely do Marvell Technology (MRVL) and Neuberger Next Generation Connectivity Fund Inc. (NBXG) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRVL and NBXG?
Over the past 3 years, MRVL and NBXG moved with a correlation of 0.60, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.47 versus 0.60 over 3 years. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 777.6 %².
Among the 30 assets we track against MRVL, NBXG ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MRVL outperformed by 209.7 percentage points (+223.5% for MRVL against +13.8% for NBXG). Note the risk asymmetry: MRVL runs 2.6 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.
MRVL vs NBXG: side by side
| MRVL (Marvell Technology) | NBXG (Neuberger Next Generation Connectivity Fund Inc.) | |
|---|---|---|
| 1-year return | +223.5% | +13.8% |
| 5-year return | +297.0% | +25.6% |
| Volatility (ann.) | 57.8% | 22.4% |
| Beta vs S&P 500 | 2.19 | 1.28 |
| Max drawdown (3Y) | -60.8% | -22.1% |
| Market cap | $217.0B | $1.2B |
| P/E (trailing) | 82.7 | 3.4 |
| Dividend yield | 0.10% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | MRVL | NBXG |
|---|---|---|
| 2022 | -57.5% | -41.4% |
| 2023 | +63.7% | +34.9% |
| 2024 | +83.8% | +28.5% |
| 2025 | -22.8% | +24.2% |
| 2026 | +184.5% | +13.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRVL and NBXG good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MRVL and NBXG?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.47 over the last year and 0.58 over 5 years.
Is NBXG a good diversifier for MRVL?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 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/mrvl-vs-nbxg.json
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[](https://www.pairbook.io/pair/mrvl-vs-nbxg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MRVL correlations · NBXG correlations
