NBXG vs RDDT: Correlation
How closely do Neuberger Next Generation Connectivity Fund Inc. (NBXG) and Reddit (RDDT) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBXG and RDDT?
Over the past 3 years, NBXG and RDDT moved with a correlation of 0.55, which is moderate. Recent behaviour matches the longer record: 0.64 over 1 year against 0.55 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 953.3 %².
Among the 31 assets we track against NBXG, RDDT ranks #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NBXG outperformed by 40.9 percentage points (+13.8% for NBXG against -27.1% for RDDT). Risk is not evenly split, since RDDT carries 3.4 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 RDDT: side by side
| NBXG (Neuberger Next Generation Connectivity Fund Inc.) | RDDT (Reddit) | |
|---|---|---|
| 1-year return | +13.8% | -27.1% |
| 5-year return | +25.6% | n/a |
| Volatility (ann.) | 22.4% | 75.2% |
| Beta vs S&P 500 | 1.28 | 2.59 |
| Max drawdown (3Y) | -22.1% | -61.4% |
| Market cap | $1.2B | $29.6B |
| P/E (trailing) | 3.4 | 36.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | NBXG | RDDT |
|---|---|---|
| 2022 | -41.4% | – |
| 2023 | +34.9% | – |
| 2024 | +28.5% | – |
| 2025 | +24.2% | +40.6% |
| 2026 | +13.0% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBXG and RDDT good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NBXG and RDDT?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.64 over the last year and n/a over 5 years.
Is RDDT a good diversifier for NBXG?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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-rddt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/nbxg-vs-rddt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NBXG correlations · RDDT correlations
