NBXG vs ORCL: Correlation
How closely do Neuberger Next Generation Connectivity Fund Inc. (NBXG) and Oracle Corporation (ORCL) 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 NBXG and ORCL?
Over the past 3 years, NBXG and ORCL moved with a correlation of 0.52, which is moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 582.2 %².
Among the 31 assets we track against NBXG, ORCL ranks #22 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NBXG outperformed by 48.6 percentage points (+13.8% for NBXG against -34.8% for ORCL). Note the risk asymmetry: ORCL runs 2.2 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.
NBXG vs ORCL: side by side
| NBXG (Neuberger Next Generation Connectivity Fund Inc.) | ORCL (Oracle Corporation) | |
|---|---|---|
| 1-year return | +13.8% | -34.8% |
| 5-year return | +25.6% | +81.7% |
| Volatility (ann.) | 22.4% | 49.9% |
| Beta vs S&P 500 | 1.28 | 1.71 |
| Max drawdown (3Y) | -22.1% | -64.6% |
| Market cap | $1.2B | $437.7B |
| P/E (trailing) | 3.4 | 25.5 |
| Dividend yield | 0.00% | 1.34% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | NBXG | ORCL |
|---|---|---|
| 2022 | -41.4% | -4.6% |
| 2023 | +34.9% | +30.9% |
| 2024 | +28.5% | +60.0% |
| 2025 | +24.2% | +18.1% |
| 2026 | +13.0% | -21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBXG and ORCL good diversifiers for each other?
Only partially. A correlation of 0.52 means NBXG and ORCL 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 NBXG and ORCL?
The NBXG/ORCL correlation stands at 0.52 on a 3-year window (1 year: 0.54, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is ORCL a good diversifier for NBXG?
Only partially. A correlation of 0.52 means NBXG and ORCL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 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.
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Related comparisons
Hubs: NBXG correlations · ORCL correlations
