AEE vs MBLY: Correlation
Ameren (AEE) and Mobileye Global Inc. (MBLY) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEE and MBLY?
On 3 years of weekly data the AEE/MBLY correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. The 5-year figure is -0.14, and annualized covariance runs at -227.0 %².
Within AEE's tracked universe of 35 assets, MBLY comes in at #26 by 3-year correlation. The last year tells two different stories: AEE led by 47.3 percentage points, +8.8% for AEE against -38.5% for MBLY. One caveat on sizing: MBLY is 3.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AEE vs MBLY: side by side
| AEE (Ameren) | MBLY (Mobileye Global Inc.) | |
|---|---|---|
| 1-year return | +8.8% | -38.5% |
| 5-year return | +39.7% | n/a |
| Volatility (ann.) | 17.8% | 64.4% |
| Beta vs S&P 500 | 0.10 | 1.71 |
| Max drawdown (3Y) | -16.5% | -85.1% |
| Market cap | $29.6B | $7.3B |
| P/E (trailing) | 19.0 | – |
| Dividend yield | 2.71% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | AEE | MBLY |
|---|---|---|
| 2022 | +2.5% | – |
| 2023 | -16.1% | +23.6% |
| 2024 | +27.5% | -54.0% |
| 2025 | +15.3% | -47.6% |
| 2026 | +8.4% | -17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEE and MBLY good diversifiers for each other?
Yes. With a correlation of -0.20, AEE and MBLY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AEE and MBLY?
As of 2026-08-27, the correlation of weekly returns between AEE and MBLY is -0.20 over 3 years, -0.28 over 1 year and -0.14 over 5 years.
Is MBLY a good diversifier for AEE?
Yes. With a correlation of -0.20, AEE and MBLY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aee-vs-mbly.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aee-vs-mbly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AEE correlations · MBLY correlations
