NBXG vs. HD

Last updated Jun 4, 2026

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 6.18%/yr vs 2.50%/yr for HD. At a 0.40 correlation, their price movements are largely independent.

Performance

NBXG vs. HD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Neuberger Berman Next Generation Connectivity Fund (NBXG) and The Home Depot, Inc. (HD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NBXG achieves a 20.04% return, which is significantly higher than HD's -8.44% return.

NBXG

• 1D: -1.25%
• 1M: 12.86%
• YTD: 20.04%
• 6M: 17.23%
• 1Y: 35.81%
• 3Y*: 29.35%
• 5Y*: 6.18%
• 10Y*: —

HD

• 1D: 0.47%
• 1M: 0.18%
• YTD: -8.44%
• 6M: -11.40%
• 1Y: -13.99%
• 3Y*: 4.24%
• 5Y*: 2.50%
• 10Y*: 11.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NBXG vs. HD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NBXG Neuberger Berman Next Generation Connectivity Fund	20.04%	24.23%	28.53%	34.92%	-41.41%	-10.72%
HD The Home Depot, Inc.	-8.44%	-9.33%	15.00%	12.77%	-21.98%	32.68%

Correlation

The correlation between NBXG and HD is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
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 27, 2021	0.40

Over the past year, the correlation between NBXG and HD has dropped to 0.17 - well below their long-term average of 0.40, suggesting their price drivers have been diverging.

Return for Risk

NBXG vs. HD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NBXG

NBXG Risk / Return Rank: 36
NBXG Sharpe Ratio Rank: 42
NBXG Sortino Ratio Rank: 38
NBXG Omega Ratio Rank: 38
NBXG Calmar Ratio Rank: 34
NBXG Martin Ratio Rank: 28

HD

HD Risk / Return Rank: 18
HD Sharpe Ratio Rank: 15
HD Sortino Ratio Rank: 15
HD Omega Ratio Rank: 16
HD Calmar Ratio Rank: 24
HD Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	NBXG	HD	Difference
Sharpe ratio Return per unit of total volatility	1.91	-0.60	+2.51
Sortino ratio Return per unit of downside risk	2.57	-0.76	+3.33
Omega ratio Gain probability vs. loss probability	1.33	0.92	+0.41
Calmar ratio Return relative to maximum drawdown	2.21	-0.49	+2.70
Martin ratio Return relative to average drawdown	6.66	-1.01	+7.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NBXG vs. HD - Sharpe Ratio Comparison

The current NBXG Sharpe Ratio is 1.91, which is higher than the HD Sharpe Ratio of -0.60. The chart below compares the historical Sharpe Ratios of NBXG and HD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NBXG	HD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	-0.60	+2.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	0.10	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.68	-0.44

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.

Drawdown Indicators

	NBXG	HD	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-1.25%	-25.14%	+23.89%
Average Drawdown Average peak-to-trough decline	-21.10%	-20.60%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.39%	13.82%	-8.43%

Volatility

NBXG vs. HD - Volatility Comparison

The current volatility for Neuberger Berman Next Generation Connectivity Fund (NBXG) is 5.96%, while The Home Depot, Inc. (HD) has a volatility of 7.10%. This indicates that NBXG experiences smaller price fluctuations and is considered to be less risky than HD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NBXG	HD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	7.10%	-1.14%
Volatility (6M) Calculated over the trailing 6-month period	15.04%	17.70%	-2.66%
Volatility (1Y) Calculated over the trailing 1-year period	18.87%	23.46%	-4.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.07%	24.05%	+2.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.02%	24.82%	+1.20%

Dividends

NBXG vs. HD - Dividend Comparison

NBXG's dividend yield for the trailing twelve months is around 8.19%, more than HD's 2.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HD The Home Depot, Inc.	2.95%	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	8.19%	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

Can I hold both NBXG and HD in my portfolio?

NBXG and HD have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NBXG or HD?

HD has higher volatility (7.10%) compared to NBXG (5.96%). In terms of maximum drawdown, NBXG dropped -51.76% vs HD's -70.46%.

Which has better risk-adjusted returns?

NBXG currently has the higher Sharpe Ratio (1.91 vs -0.60), 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.