NBXG vs RBLX: Correlation
Measured on weekly returns over the past three years, Neuberger Next Generation Connectivity Fund Inc. (NBXG) and Roblox Corporation (RBLX) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBXG and RBLX?
Across a 3-year window, the weekly returns of NBXG and RBLX correlate at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 512.4 %².
Among the 31 assets we track against NBXG, RBLX sits near the bottom by co-movement, at rank #28. Correlation aside, the last 12 months split them widely, with NBXG ahead by 82.7 points (+13.8% versus -68.9%). One caveat on sizing: RBLX is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 RBLX: side by side
| NBXG (Neuberger Next Generation Connectivity Fund Inc.) | RBLX (Roblox Corporation) | |
|---|---|---|
| 1-year return | +13.8% | -68.9% |
| 5-year return | +25.6% | -53.4% |
| Volatility (ann.) | 22.4% | 54.8% |
| Beta vs S&P 500 | 1.28 | 1.26 |
| Max drawdown (3Y) | -22.1% | -74.9% |
| Market cap | $1.2B | $27.3B |
| P/E (trailing) | 3.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NBXG | RBLX |
|---|---|---|
| 2022 | -41.4% | -72.4% |
| 2023 | +34.9% | +60.6% |
| 2024 | +28.5% | +26.6% |
| 2025 | +24.2% | +40.0% |
| 2026 | +13.0% | -52.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBXG and RBLX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between NBXG and RBLX?
As of 2026-08-27, the correlation of weekly returns between NBXG and RBLX is 0.42 over 3 years, 0.40 over 1 year and 0.49 over 5 years.
Is RBLX a good diversifier for NBXG?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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/nbxg-vs-rblx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nbxg-vs-rblx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NBXG correlations · RBLX correlations
