NBXG vs PPSI: Correlation
Neuberger Next Generation Connectivity Fund Inc. (NBXG) and Pioneer Power Solutions, Inc. (PPSI) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBXG and PPSI?
Across a 3-year window, the weekly returns of NBXG and PPSI correlate at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Stretching to 5 years gives 0.24, with an annualized covariance of 693.3 %².
Within NBXG's tracked universe of 31 assets, PPSI comes in at #26 by 3-year correlation. The last year tells two different stories: NBXG led by 28.3 percentage points, +13.8% for NBXG against -14.5% for PPSI. Risk is not evenly split, since PPSI carries 3.1 times the volatility of the other side.
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 PPSI: side by side
| NBXG (Neuberger Next Generation Connectivity Fund Inc.) | PPSI (Pioneer Power Solutions, Inc.) | |
|---|---|---|
| 1-year return | +13.8% | -14.5% |
| 5-year return | +25.6% | -7.2% |
| Volatility (ann.) | 22.4% | 68.8% |
| Beta vs S&P 500 | 1.28 | 2.08 |
| Max drawdown (3Y) | -22.1% | -62.6% |
| Market cap | $1.2B | – |
| P/E (trailing) | 3.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NBXG | PPSI |
|---|---|---|
| 2022 | -41.4% | -64.3% |
| 2023 | +34.9% | +153.4% |
| 2024 | +28.5% | -19.4% |
| 2025 | +24.2% | +14.5% |
| 2026 | +13.0% | -37.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBXG and PPSI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NBXG and PPSI?
The NBXG/PPSI correlation stands at 0.45 on a 3-year window (1 year: 0.45, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is PPSI a good diversifier for NBXG?
Yes, to a useful degree: a correlation of 0.45 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/nbxg-vs-ppsi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nbxg-vs-ppsi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NBXG correlations · PPSI correlations
