NBXG vs. GAM
NBXG (Neuberger Berman Next Generation Connectivity Fund) is Technology Equities fund actively managed by Neuberger Berman, while GAM (General American Investors Company, Inc.) is a stock. Over the past 5 years, NBXG returned 3.98%/yr vs 15.37%/yr for GAM. Their 0.69 correlation means they have sometimes moved together and sometimes differently.
Performance
NBXG vs. GAM - Performance Comparison
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Returns By Period
In the year-to-date period, NBXG achieves a 8.28% return, which is significantly lower than GAM's 10.68% return.
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%
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%
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 |
NBXG vs. GAM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NBXG Neuberger Berman Next Generation Connectivity Fund | 8.28% | 24.23% | 28.53% | 34.92% | -41.41% | -10.72% |
GAM General American Investors Company, Inc. | 10.68% | 28.63% | 29.55% | 26.84% | -14.84% | 4.10% |
Correlation
The correlation between NBXG and GAM 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 NBXG and GAM has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.
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Return for Risk
NBXG vs. GAM — Risk / Return Rank
NBXG
GAM
NBXG vs. GAM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Next Generation Connectivity Fund (NBXG) and General American Investors Company, Inc. (GAM). 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.
| NBXG | GAM | 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 | 1.09 | 1.41 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.52 | 3.06 | -2.54 |
| Martin ratioReturn relative to average drawdown | 1.44 | 13.47 | -12.03 |
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Drawdowns
NBXG vs. GAM - Drawdown Comparison
The maximum NBXG drawdown since its inception was -51.76%, smaller than the maximum GAM drawdown of -66.63%. Use the drawdown chart below to compare losses from any high point for NBXG and GAM.
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Drawdown Indicators
| NBXG | GAM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.76% | -66.63% | +14.87% |
Max Drawdown (1Y)Largest decline over 1 year | -17.90% | -8.67% | -9.23% |
Max Drawdown (3Y)Largest decline over 3 years | -22.08% | -14.90% | -7.18% |
Max Drawdown (5Y)Largest decline over 5 years | -51.76% | -26.09% | -25.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.78% | — |
Current DrawdownCurrent decline from peak | -13.93% | -0.34% | -13.59% |
Average DrawdownAverage peak-to-trough decline | -20.67% | -11.54% | -9.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.42% | 1.97% | +4.45% |
Volatility
NBXG vs. GAM - Volatility Comparison
Neuberger Berman Next Generation Connectivity Fund (NBXG) has a higher volatility of 9.20% compared to General American Investors Company, Inc. (GAM) at 2.77%. This indicates that NBXG's price experiences larger fluctuations and is considered to be riskier than GAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NBXG | GAM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.20% | 2.77% | +6.43% |
Volatility (6M)Calculated over the trailing 6-month period | 20.15% | 9.58% | +10.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.16% | 11.50% | +11.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.78% | 16.00% | +10.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.38% | 17.59% | +8.79% |
Dividends
NBXG vs. GAM - Dividend Comparison
NBXG's dividend yield for the trailing twelve months is around 9.49%, less than GAM's 9.85% 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
NBXG and GAM 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, NBXG dropped -51.76% vs GAM's -66.63%.
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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