NBXG vs WDC: Correlation
Measured on weekly returns over the past three years, Neuberger Next Generation Connectivity Fund Inc. (NBXG) and Western Digital (WDC) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NBXG and WDC?
Across a 3-year window, the weekly returns of NBXG and WDC correlate at 0.62, strong. Recent behaviour matches the longer record: 0.56 over 1 year against 0.62 over 3. Stretching to 5 years gives 0.57, with an annualized covariance of 804.1 %².
By 3-year correlation, WDC places #10 of the 31 assets tracked against NBXG. Their recent paths diverged sharply: over the last 12 months WDC outperformed by 460.5 percentage points (+13.8% for NBXG against +474.3% for WDC). Risk is not evenly split, since WDC carries 2.6 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 WDC: side by side
| NBXG (Neuberger Next Generation Connectivity Fund Inc.) | WDC (Western Digital) | |
|---|---|---|
| 1-year return | +13.8% | +474.3% |
| 5-year return | +25.6% | +889.2% |
| Volatility (ann.) | 22.4% | 58.0% |
| Beta vs S&P 500 | 1.28 | 2.15 |
| Max drawdown (3Y) | -22.1% | -49.6% |
| Market cap | $1.2B | $166.6B |
| P/E (trailing) | 3.4 | 17.4 |
| Dividend yield | 0.00% | 0.11% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | NBXG | WDC |
|---|---|---|
| 2022 | -41.4% | -51.6% |
| 2023 | +34.9% | +66.0% |
| 2024 | +28.5% | +13.9% |
| 2025 | +24.2% | +283.7% |
| 2026 | +13.0% | +168.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NBXG and WDC good diversifiers for each other?
Only partially. A correlation of 0.62 means NBXG and WDC 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 WDC?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.56 over the last year and 0.57 over 5 years.
Is WDC a good diversifier for NBXG?
Only partially. A correlation of 0.62 means NBXG and WDC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nbxg-vs-wdc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nbxg-vs-wdc/)
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Related comparisons
Hubs: NBXG correlations · WDC correlations
