EEM vs MOBX: Correlation
Measured on weekly returns over the past three years, iShares MSCI Emerging Markets ETF (EEM) and Mobix Labs, Inc. (MOBX) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EEM and MOBX?
On 3 years of weekly data the EEM/MOBX correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.25 over 3 years. The 5-year figure is -0.19, and annualized covariance runs at -1485.8 %².
Among the 67 assets we track against EEM, MOBX sits near the bottom by co-movement, at rank #63. The last year tells two different stories: EEM led by 126.1 percentage points, +38.1% for EEM against -88.0% for MOBX. Note the risk asymmetry: MOBX runs 18.5 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.
EEM vs MOBX: side by side
| EEM (iShares MSCI Emerging Markets ETF) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +38.1% | -88.0% |
| 5-year return | +47.1% | -98.8% |
| Volatility (ann.) | 18.0% | 333.1% |
| Beta vs S&P 500 | 0.85 | -0.62 |
| Max drawdown (3Y) | -17.3% | -99.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.73% | 0.00% |
| Expense ratio | 0.72% | – |
| Assets under management | $29.2B | – |
| Sector / category | ETF · International | US Listed |
EEM, iShares's Diversified Emerging Mkts fund, carries $29.2B under management, 968 holdings, a 0.72% expense ratio, a 1.73% trailing dividend yield.
Year-by-year returns
| Year | EEM | MOBX |
|---|---|---|
| 2022 | -20.6% | +3.8% |
| 2023 | +8.9% | -60.6% |
| 2024 | +6.5% | -57.7% |
| 2025 | +34.0% | -84.3% |
| 2026 | +24.2% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EEM and MOBX good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between EEM and MOBX?
The EEM/MOBX correlation stands at -0.25 on a 3-year window (1 year: -0.41, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is MOBX a good diversifier for EEM?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/eem-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eem-vs-mobx/)
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Related comparisons
Hubs: EEM correlations · MOBX correlations
