NBXG vs VXX: Correlation
How closely do Neuberger Next Generation Connectivity Fund Inc. (NBXG) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.68, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBXG and VXX?
On 3 years of weekly data the NBXG/VXX correlation comes out at -0.68, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.61) sits close to the 3-year figure. The 5-year figure is -0.56, and annualized covariance runs at -923.8 %².
Out of 31 assets tracked against NBXG, VXX lands near the bottom at #30. The last year tells two different stories: NBXG led by 63.5 percentage points, +13.8% for NBXG against -49.7% for VXX. One caveat on sizing: VXX is 2.7 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 VXX: side by side
| NBXG (Neuberger Next Generation Connectivity Fund Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +13.8% | -49.7% |
| 5-year return | +25.6% | -95.6% |
| Volatility (ann.) | 22.4% | 60.9% |
| Beta vs S&P 500 | 1.28 | -3.31 |
| Max drawdown (3Y) | -22.1% | -83.3% |
| Market cap | $1.2B | – |
| P/E (trailing) | 3.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NBXG | VXX |
|---|---|---|
| 2022 | -41.4% | -23.8% |
| 2023 | +34.9% | -72.5% |
| 2024 | +28.5% | -26.2% |
| 2025 | +24.2% | -42.2% |
| 2026 | +13.0% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBXG and VXX good diversifiers for each other?
By historical standards, yes. A correlation of -0.68 means the two rarely move for the same reasons.
FAQ
What is the correlation between NBXG and VXX?
As of 2026-08-27, the correlation of weekly returns between NBXG and VXX is -0.68 over 3 years, -0.61 over 1 year and -0.56 over 5 years.
Is VXX a good diversifier for NBXG?
By historical standards, yes. A correlation of -0.68 means the two rarely move for the same reasons.
What does a correlation of -0.68 mean?
On the −1 to +1 scale, -0.68 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-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nbxg-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: NBXG correlations · VXX correlations
