GAM vs. NBXG
GAM (General American Investors Company, Inc.) is a stock, while NBXG (Neuberger Berman Next Generation Connectivity Fund) is Technology Equities fund actively managed by Neuberger Berman. Over the past 5 years, GAM returned 15.37%/yr vs 3.98%/yr for NBXG. Their 0.69 correlation means they have sometimes moved together and sometimes differently.
Performance
GAM vs. NBXG - Performance Comparison
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Returns By Period
In the year-to-date period, GAM achieves a 10.68% return, which is significantly higher than NBXG's 8.28% return.
GAM
- 1D
- 0.42%
- 1M
- 1.66%
- 6M
- 6.96%
- YTD
- 10.68%
- 1Y
- 28.16%
- 3Y*
- 25.77%
- 5Y*
- 15.37%
- 10Y*
- 15.40%
- ALL TIME*
- 9.19%
NBXG
- 1D
- 0.89%
- 1M
- -7.34%
- 6M
- 7.85%
- YTD
- 8.28%
- 1Y
- 12.41%
- 3Y*
- 20.71%
- 5Y*
- 3.98%
- 10Y*
- —
- ALL TIME*
- 3.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.10M | $1.38M | $1.77M | |
| $3.23M | $3.85M | $3.91M |
GAM vs. NBXG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GAM General American Investors Company, Inc. | 10.68% | 28.63% | 29.55% | 26.84% | -14.84% | 4.10% |
NBXG Neuberger Berman Next Generation Connectivity Fund | 8.28% | 24.23% | 28.53% | 34.92% | -41.41% | -10.72% |
Correlation
The correlation between GAM and NBXG is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.69 |
The correlation between GAM and NBXG has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.
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Return for Risk
GAM vs. NBXG — Risk / Return Rank
GAM
NBXG
GAM vs. NBXG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for General American Investors Company, Inc. (GAM) and Neuberger Berman Next Generation Connectivity Fund (NBXG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GAM | NBXG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.09 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.06 | 0.52 | +2.54 |
| Martin ratioReturn relative to average drawdown | 13.47 | 1.44 | +12.03 |
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Drawdowns
GAM vs. NBXG - Drawdown Comparison
The maximum GAM drawdown since its inception was -66.63%, which is greater than NBXG's maximum drawdown of -51.76%. Use the drawdown chart below to compare losses from any high point for GAM and NBXG.
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Drawdown Indicators
| GAM | NBXG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.63% | -51.76% | -14.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -17.90% | +9.23% |
Max Drawdown (3Y)Largest decline over 3 years | -14.90% | -22.08% | +7.18% |
Max Drawdown (5Y)Largest decline over 5 years | -26.09% | -51.76% | +25.67% |
Max Drawdown (10Y)Largest decline over 10 years | -41.78% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -13.93% | +13.59% |
Average DrawdownAverage peak-to-trough decline | -11.54% | -20.67% | +9.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 6.42% | -4.45% |
Volatility
GAM vs. NBXG - Volatility Comparison
The current volatility for General American Investors Company, Inc. (GAM) is 2.77%, while Neuberger Berman Next Generation Connectivity Fund (NBXG) has a volatility of 9.20%. This indicates that GAM experiences smaller price fluctuations and is considered to be less risky than NBXG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAM | NBXG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.77% | 9.20% | -6.43% |
Volatility (6M)Calculated over the trailing 6-month period | 9.58% | 20.15% | -10.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.50% | 23.16% | -11.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 26.78% | -10.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 26.38% | -8.79% |
Dividends
GAM vs. NBXG - Dividend Comparison
GAM's dividend yield for the trailing twelve months is around 9.85%, more than NBXG's 9.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAM General American Investors Company, Inc. | 9.85% | 11.32% | 8.82% | 6.17% | 4.15% | 1.38% | 6.72% | 6.49% | 9.67% | 9.56% | 10.20% | 3.60% |
NBXG Neuberger Berman Next Generation Connectivity Fund | 9.49% | 8.73% | 9.42% | 10.98% | 13.19% | 3.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GAM and NBXG have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBXG has higher volatility (9.20%) compared to GAM (2.77%). In terms of maximum drawdown, GAM dropped -66.63% vs NBXG's -51.76%.
GAM currently has the higher Sharpe Ratio (2.31 vs 0.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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