NBXG vs TDG: Correlation
Measured on weekly returns over the past three years, Neuberger Next Generation Connectivity Fund Inc. (NBXG) and TransDigm Group (TDG) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBXG and TDG?
On 3 years of weekly data the NBXG/TDG correlation comes out at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. The 5-year figure is 0.58, and annualized covariance runs at 300.5 %².
By 3-year correlation, TDG places #20 of the 31 assets tracked against NBXG. Their recent paths diverged sharply: over the last 12 months NBXG outperformed by 22.9 percentage points (+13.8% for NBXG against -9.1% for TDG).
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 TDG: side by side
| NBXG (Neuberger Next Generation Connectivity Fund Inc.) | TDG (TransDigm Group) | |
|---|---|---|
| 1-year return | +13.8% | -9.1% |
| 5-year return | +25.6% | +136.5% |
| Volatility (ann.) | 22.4% | 25.5% |
| Beta vs S&P 500 | 1.28 | 0.91 |
| Max drawdown (3Y) | -22.1% | -25.3% |
| Market cap | $1.2B | $65.6B |
| P/E (trailing) | 3.4 | 36.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | NBXG | TDG |
|---|---|---|
| 2022 | -41.4% | +1.8% |
| 2023 | +34.9% | +66.6% |
| 2024 | +28.5% | +32.3% |
| 2025 | +24.2% | +12.2% |
| 2026 | +13.0% | -10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBXG and TDG good diversifiers for each other?
Only partially. A correlation of 0.53 means NBXG and TDG 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 TDG?
The NBXG/TDG correlation stands at 0.53 on a 3-year window (1 year: 0.48, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is TDG a good diversifier for NBXG?
Only partially. A correlation of 0.53 means NBXG and TDG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: NBXG correlations · TDG correlations
