NBXG vs VUG: Correlation
Neuberger Next Generation Connectivity Fund Inc. (NBXG) and Vanguard Growth ETF (VUG) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBXG and VUG?
Across a 3-year window, the weekly returns of NBXG and VUG correlate at 0.85, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. Stretching to 5 years gives 0.85, with an annualized covariance of 369.7 %².
Among the 31 assets we track against NBXG, VUG ranks #5 by 3-year correlation. Neither side won the trailing year by much: +13.8% against +16.2%.
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 VUG: side by side
| NBXG (Neuberger Next Generation Connectivity Fund Inc.) | VUG (Vanguard Growth ETF) | |
|---|---|---|
| 1-year return | +13.8% | +16.2% |
| 5-year return | +25.6% | +78.4% |
| Volatility (ann.) | 22.4% | 19.4% |
| 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% | 0.40% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $372.0B |
| Sector / category | US Listed | ETF · US Style |
VUG, Vanguard's Large Growth fund, carries $372.0B under management, 146 holdings, a 0.03% expense ratio, a 0.40% trailing dividend yield.
Year-by-year returns
| Year | NBXG | VUG |
|---|---|---|
| 2022 | -41.4% | -33.2% |
| 2023 | +34.9% | +46.8% |
| 2024 | +28.5% | +32.7% |
| 2025 | +24.2% | +19.4% |
| 2026 | +13.0% | +9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBXG and VUG good diversifiers for each other?
No. With a correlation of 0.85, NBXG and VUG move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between NBXG and VUG?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.79 over the last year and 0.85 over 5 years.
Is VUG a good diversifier for NBXG?
No. With a correlation of 0.85, NBXG and VUG move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.85 mean?
On the −1 to +1 scale, 0.85 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
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Related comparisons
Hubs: NBXG correlations · VUG correlations
