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 4.35%/yr vs 3.12%/yr for HD. Their 0.38 correlation means their historical movements had little consistent relationship.
Performance
NBXG vs. HD - Performance Comparison
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Returns By Period
In the year-to-date period, NBXG achieves a 11.22% return, which is significantly higher than HD's 0.22% return.
NBXG
- 1D
- 2.71%
- 1M
- -4.83%
- 6M
- 11.24%
- YTD
- 11.22%
- 1Y
- 15.46%
- 3Y*
- 23.76%
- 5Y*
- 4.35%
- 10Y*
- —
- ALL TIME*
- 4.45%
HD
- 1D
- 2.43%
- 1M
- -5.00%
- 6M
- -8.80%
- YTD
- 0.22%
- 1Y
- -6.58%
- 3Y*
- 3.97%
- 5Y*
- 3.12%
- 10Y*
- 12.20%
- ALL TIME*
- 24.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.35B | $1.30B | $1.58B | |
| $3.22M | $3.84M | $3.95M |
NBXG vs. HD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NBXG Neuberger Berman Next Generation Connectivity Fund | 11.22% | 24.23% | 28.53% | 34.92% | -41.41% | -10.72% |
HD The Home Depot, Inc. | 0.22% | -9.33% | 15.00% | 12.77% | -21.98% | 32.93% |
Correlation
The correlation between NBXG and HD is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.38 |
Over the past year, the correlation between NBXG and HD has dropped to 0.16 - well below their long-term average of 0.38, 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 | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.98 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | -0.23 | +1.10 |
| Martin ratioReturn relative to average drawdown | 2.40 | -0.42 | +2.82 |
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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 | -17.90% | -28.81% | +10.91% |
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 | -11.60% | -18.06% | +6.46% |
Average DrawdownAverage peak-to-trough decline | -20.66% | -20.59% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.46% | 15.84% | -9.38% |
Volatility
NBXG vs. HD - Volatility Comparison
Neuberger Berman Next Generation Connectivity Fund (NBXG) has a higher volatility of 9.24% compared to The Home Depot, Inc. (HD) at 8.07%. 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 | 9.24% | 8.07% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 20.30% | 19.53% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.17% | 25.36% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.82% | 24.51% | +2.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.40% | 25.04% | +1.36% |
Dividends
NBXG vs. HD - Dividend Comparison
NBXG's dividend yield for the trailing twelve months is around 9.23%, more than HD's 2.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HD The Home Depot, Inc. | 2.72% | 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 | 9.23% | 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 (9.24%) compared to HD (8.07%). In terms of maximum drawdown, NBXG dropped -51.76% vs HD's -70.46%.
NBXG currently has the higher Sharpe Ratio (0.67 vs -0.26), 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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