NBXG vs. HD
NBXG (Neuberger Berman Next Generation Connectivity Fund) is Technology Equities fund actively managed by Neuberger Berman, while HD (The Home Depot, Inc.) is a stock. Over the past 5 years, NBXG returned 5.51%/yr vs 3.46%/yr for HD. At a 0.39 correlation, their price movements are largely independent.
Performance
NBXG vs. HD - Performance Comparison
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Returns By Period
In the year-to-date period, NBXG achieves a 15.91% return, which is significantly higher than HD's -0.45% return.
NBXG
- 1D
- 1.40%
- 1M
- -0.87%
- 6M
- 12.11%
- YTD
- 15.91%
- 1Y
- 21.34%
- 3Y*
- 24.29%
- 5Y*
- 5.51%
- 10Y*
- —
HD
- 1D
- 0.19%
- 1M
- 2.85%
- 6M
- -9.79%
- YTD
- -0.45%
- 1Y
- -6.32%
- 3Y*
- 4.81%
- 5Y*
- 3.46%
- 10Y*
- 12.30%
NBXG vs. HD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NBXG Neuberger Berman Next Generation Connectivity Fund | 15.91% | 24.23% | 28.53% | 34.92% | -41.41% | -10.72% |
HD The Home Depot, Inc. | -0.45% | -9.33% | 15.00% | 12.77% | -21.98% | 32.93% |
Correlation
The correlation between NBXG and HD is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.39 |
Over the past year, the correlation between NBXG and HD has dropped to 0.16 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
NBXG vs. HD — Risk / Return Rank
NBXG
HD
NBXG vs. HD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Next Generation Connectivity Fund (NBXG) and The Home Depot, Inc. (HD). 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 | HD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.98 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | -0.22 | +1.54 |
| Martin ratioReturn relative to average drawdown | 3.74 | -0.42 | +4.15 |
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Drawdowns
NBXG vs. HD - Drawdown Comparison
The maximum NBXG drawdown since its inception was -51.76%, smaller than the maximum HD drawdown of -70.46%. Use the drawdown chart below to compare losses from any high point for NBXG and HD.
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Drawdown Indicators
| NBXG | HD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.76% | -70.46% | +18.70% |
Max Drawdown (1Y)Largest decline over 1 year | -16.26% | -28.81% | +12.55% |
Max Drawdown (3Y)Largest decline over 3 years | -22.08% | -28.84% | +6.76% |
Max Drawdown (5Y)Largest decline over 5 years | -51.76% | -34.73% | -17.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.99% | — |
Current DrawdownCurrent decline from peak | -7.87% | -18.61% | +10.74% |
Average DrawdownAverage peak-to-trough decline | -20.75% | -20.59% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 15.19% | -9.46% |
Volatility
NBXG vs. HD - Volatility Comparison
Neuberger Berman Next Generation Connectivity Fund (NBXG) has a higher volatility of 11.25% compared to The Home Depot, Inc. (HD) at 9.14%. This indicates that NBXG's price experiences larger fluctuations and is considered to be riskier than HD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NBXG | HD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.25% | 9.14% | +2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 18.86% | 18.88% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.02% | 24.93% | -2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.60% | 24.39% | +2.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.30% | 24.96% | +1.34% |
Dividends
NBXG vs. HD - Dividend Comparison
NBXG's dividend yield for the trailing twelve months is around 8.67%, more than HD's 2.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HD The Home Depot, Inc. | 2.74% | 2.67% | 2.31% | 2.41% | 2.41% | 1.59% | 2.26% | 2.49% | 2.40% | 1.88% | 2.06% | 1.78% |
NBXG Neuberger Berman Next Generation Connectivity Fund | 8.67% | 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 HD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBXG has higher volatility (11.25%) compared to HD (9.14%). In terms of maximum drawdown, NBXG dropped -51.76% vs HD's -70.46%.
NBXG currently has the higher Sharpe Ratio (0.97 vs -0.25), 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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