AES vs MOBX: Correlation
Measured on weekly returns over the past three years, AES Corporation (AES) and Mobix Labs, Inc. (MOBX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AES and MOBX?
Across a 3-year window, the weekly returns of AES and MOBX correlate at -0.22, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.65) than the 3-year average (-0.22). Stretching to 5 years gives -0.18, with an annualized covariance of -2999.2 %².
Among the 31 assets we track against AES, MOBX sits near the bottom by co-movement, at rank #29. The last year tells two different stories: AES led by 103.9 percentage points, +15.9% for AES against -88.0% for MOBX. Note the risk asymmetry: MOBX runs 8.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AES vs MOBX: side by side
| AES (AES Corporation) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +15.9% | -88.0% |
| 5-year return | -25.1% | -98.8% |
| Volatility (ann.) | 40.5% | 333.1% |
| Beta vs S&P 500 | 0.86 | -0.62 |
| Max drawdown (3Y) | -53.3% | -99.1% |
| Market cap | $10.5B | – |
| P/E (trailing) | 5.5 | – |
| Dividend yield | 4.78% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | AES | MOBX |
|---|---|---|
| 2022 | +21.7% | +3.8% |
| 2023 | -30.9% | -60.6% |
| 2024 | -30.4% | -57.7% |
| 2025 | +18.3% | -84.3% |
| 2026 | +6.6% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AES and MOBX good diversifiers for each other?
Yes. With a correlation of -0.22, AES and MOBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AES and MOBX?
As of 2026-08-27, the correlation of weekly returns between AES and MOBX is -0.22 over 3 years, -0.65 over 1 year and -0.18 over 5 years.
Is MOBX a good diversifier for AES?
Yes. With a correlation of -0.22, AES and MOBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/aes-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aes-vs-mobx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AES correlations · MOBX correlations
