NBXG vs QCOM: Correlation
How closely do Neuberger Next Generation Connectivity Fund Inc. (NBXG) and Qualcomm (QCOM) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBXG and QCOM?
Over the past 3 years, NBXG and QCOM moved with a correlation of 0.64, which is strong. Recent behaviour matches the longer record: 0.60 over 1 year against 0.64 over 3. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 606.2 %².
Within NBXG's tracked universe of 31 assets, QCOM comes in at #9 by 3-year correlation. Over the last 12 months NBXG came out ahead by 8.5 percentage points (+13.8% against +5.3%). Risk is not evenly split, since QCOM carries 1.9 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 QCOM: side by side
| NBXG (Neuberger Next Generation Connectivity Fund Inc.) | QCOM (Qualcomm) | |
|---|---|---|
| 1-year return | +13.8% | +5.3% |
| 5-year return | +25.6% | +25.8% |
| Volatility (ann.) | 22.4% | 42.4% |
| Beta vs S&P 500 | 1.28 | 1.77 |
| Max drawdown (3Y) | -22.1% | -44.2% |
| Market cap | $1.2B | $176.0B |
| P/E (trailing) | 3.4 | 18.9 |
| Dividend yield | 0.00% | 2.19% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | NBXG | QCOM |
|---|---|---|
| 2022 | -41.4% | -38.6% |
| 2023 | +34.9% | +35.1% |
| 2024 | +28.5% | +8.3% |
| 2025 | +24.2% | +13.8% |
| 2026 | +13.0% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBXG and QCOM good diversifiers for each other?
Only partially. A correlation of 0.64 means NBXG and QCOM 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 QCOM?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.60 over the last year and 0.61 over 5 years.
Is QCOM a good diversifier for NBXG?
Only partially. A correlation of 0.64 means NBXG and QCOM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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-qcom.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nbxg-vs-qcom/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NBXG correlations · QCOM correlations
