ASGI vs MOBX: Correlation
abrdn Global Infrastructure Income Fund (ASGI) and Mobix Labs, Inc. (MOBX) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASGI and MOBX?
Over the past 3 years, ASGI and MOBX moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.23). Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -1472.9 %².
Out of 10 assets tracked against ASGI, MOBX lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months ASGI outperformed by 123.4 percentage points (+35.4% for ASGI against -88.0% for MOBX). One caveat on sizing: MOBX is 17.5 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.
ASGI vs MOBX: side by side
| ASGI (abrdn Global Infrastructure Income Fund) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +35.4% | -88.0% |
| 5-year return | +97.5% | -98.8% |
| Volatility (ann.) | 19.0% | 333.1% |
| Beta vs S&P 500 | 0.50 | -0.62 |
| Max drawdown (3Y) | -15.1% | -99.1% |
| Market cap | $0.8B | – |
| P/E (trailing) | 4.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASGI | MOBX |
|---|---|---|
| 2022 | -10.5% | +3.8% |
| 2023 | +14.5% | -60.6% |
| 2024 | +10.3% | -57.7% |
| 2025 | +44.2% | -84.3% |
| 2026 | +20.2% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASGI and MOBX good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASGI and MOBX?
As of 2026-08-27, the correlation of weekly returns between ASGI and MOBX is -0.23 over 3 years, -0.34 over 1 year and -0.19 over 5 years.
Is MOBX a good diversifier for ASGI?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/asgi-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asgi-vs-mobx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASGI correlations · MOBX correlations
