NBXG vs QQQ: Correlation
Neuberger Next Generation Connectivity Fund Inc. (NBXG) and Invesco QQQ Trust (QQQ) show a very strong relationship: their 3-year correlation of weekly returns is 0.87.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBXG and QQQ?
On 3 years of weekly data the NBXG/QQQ correlation comes out at 0.87, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.83 lands near the 3-year figure. The 5-year figure is 0.85, and annualized covariance runs at 379.5 %².
QQQ is one of the assets that tracks NBXG most closely: it ranks #1 out of the 31 assets we track against NBXG. On 12-month performance QQQ holds a 12.5-point edge, +13.8% against +26.3%.
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 QQQ: side by side
| NBXG (Neuberger Next Generation Connectivity Fund Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +13.8% | +26.3% |
| 5-year return | +25.6% | +95.4% |
| Volatility (ann.) | 22.4% | 19.6% |
| Beta vs S&P 500 | 1.28 | 1.28 |
| Max drawdown (3Y) | -22.1% | -22.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | 3.4 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | NBXG | QQQ |
|---|---|---|
| 2022 | -41.4% | -32.6% |
| 2023 | +34.9% | +54.9% |
| 2024 | +28.5% | +25.6% |
| 2025 | +24.2% | +20.8% |
| 2026 | +13.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBXG and QQQ good diversifiers for each other?
No. With a correlation of 0.87, NBXG and QQQ move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between NBXG and QQQ?
The NBXG/QQQ correlation stands at 0.87 on a 3-year window (1 year: 0.83, 5 years: 0.85), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for NBXG?
No. With a correlation of 0.87, NBXG and QQQ move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.87 mean?
A reading of 0.87 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: NBXG correlations · QQQ correlations
