NBXG vs STX: Correlation
Neuberger Next Generation Connectivity Fund Inc. (NBXG) and Seagate Technology (STX) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBXG and STX?
On 3 years of weekly data the NBXG/STX correlation comes out at 0.60, strong. Recent behaviour matches the longer record: 0.61 over 1 year against 0.60 over 3. The 5-year figure is 0.57, and annualized covariance runs at 689.3 %².
Among the 31 assets we track against NBXG, STX ranks #13 by 3-year correlation. The last year tells two different stories: STX led by 397.0 percentage points, +13.8% for NBXG against +410.8% for STX. Note the risk asymmetry: STX runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 STX: side by side
| NBXG (Neuberger Next Generation Connectivity Fund Inc.) | STX (Seagate Technology) | |
|---|---|---|
| 1-year return | +13.8% | +410.8% |
| 5-year return | +25.6% | +1032.5% |
| Volatility (ann.) | 22.4% | 51.3% |
| Beta vs S&P 500 | 1.28 | 1.97 |
| Max drawdown (3Y) | -22.1% | -40.0% |
| Market cap | $1.2B | $192.0B |
| P/E (trailing) | 3.4 | 61.0 |
| Dividend yield | 0.00% | 0.35% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | NBXG | STX |
|---|---|---|
| 2022 | -41.4% | -51.4% |
| 2023 | +34.9% | +69.1% |
| 2024 | +28.5% | +4.1% |
| 2025 | +24.2% | +225.3% |
| 2026 | +13.0% | +208.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBXG and STX good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NBXG and STX?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.61 over the last year and 0.57 over 5 years.
Is STX a good diversifier for NBXG?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 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
$ curl https://www.pairbook.io/api/v1/pairs/nbxg-vs-stx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nbxg-vs-stx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NBXG correlations · STX correlations
