AOS vs MOBX: Correlation
A. O. Smith (AOS) and Mobix Labs, Inc. (MOBX) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOS and MOBX?
Over the past 3 years, AOS and MOBX moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.32) than the 3-year average (-0.18). Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -1391.8 %².
By 3-year correlation, MOBX places #26 of the 33 assets tracked against AOS. Their recent paths diverged sharply: over the last 12 months AOS outperformed by 75.4 percentage points (-12.6% for AOS against -88.0% for MOBX). One caveat on sizing: MOBX is 14.2 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.
AOS vs MOBX: side by side
| AOS (A. O. Smith) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | -12.6% | -88.0% |
| 5-year return | -6.7% | -98.8% |
| Volatility (ann.) | 23.5% | 333.1% |
| Beta vs S&P 500 | 0.67 | -0.62 |
| Max drawdown (3Y) | -36.9% | -99.1% |
| Market cap | $8.4B | – |
| P/E (trailing) | 17.4 | – |
| Dividend yield | 2.27% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | AOS | MOBX |
|---|---|---|
| 2022 | -32.1% | +3.8% |
| 2023 | +46.7% | -60.6% |
| 2024 | -15.9% | -57.7% |
| 2025 | +0.1% | -84.3% |
| 2026 | -5.8% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOS and MOBX good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between AOS and MOBX?
As of 2026-08-27, the correlation of weekly returns between AOS and MOBX is -0.18 over 3 years, -0.32 over 1 year and -0.12 over 5 years.
Is MOBX a good diversifier for AOS?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
On the −1 to +1 scale, -0.18 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/aos-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aos-vs-mobx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AOS correlations · MOBX correlations
