ECL vs MOBX: Correlation
How closely do Ecolab (ECL) and Mobix Labs, Inc. (MOBX) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECL and MOBX?
Across a 3-year window, the weekly returns of ECL and MOBX correlate at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.21). Stretching to 5 years gives -0.13, with an annualized covariance of -1352.6 %².
Among the 53 assets we track against ECL, MOBX ranks #44 by 3-year correlation. The last year tells two different stories: ECL led by 91.1 percentage points, +3.1% for ECL against -88.0% for MOBX. One caveat on sizing: MOBX is 17.1 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.
ECL vs MOBX: side by side
| ECL (Ecolab) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +3.1% | -88.0% |
| 5-year return | +34.0% | -98.8% |
| Volatility (ann.) | 19.5% | 333.1% |
| Beta vs S&P 500 | 0.64 | -0.62 |
| Max drawdown (3Y) | -20.1% | -99.1% |
| Market cap | $80.1B | – |
| P/E (trailing) | 39.1 | – |
| Dividend yield | 0.98% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ECL | MOBX |
|---|---|---|
| 2022 | -37.1% | +3.8% |
| 2023 | +37.9% | -60.6% |
| 2024 | +19.3% | -57.7% |
| 2025 | +13.2% | -84.3% |
| 2026 | +9.5% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECL and MOBX good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between ECL and MOBX?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.39 over the last year and -0.13 over 5 years.
Is MOBX a good diversifier for ECL?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ecl-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ecl-vs-mobx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ECL correlations · MOBX correlations
