EMBJ vs MOBX: Correlation
Embraer S.A. (EMBJ) and Mobix Labs, Inc. (MOBX) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMBJ and MOBX?
On 3 years of weekly data the EMBJ/MOBX correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.22 over 3 years. The 5-year figure is -0.16, and annualized covariance runs at -3073.3 %².
MOBX is close to the least connected end of EMBJ's tracked universe, ranking #8 of 10. Their recent paths diverged sharply: over the last 12 months EMBJ outperformed by 123.6 percentage points (+35.6% for EMBJ against -88.0% for MOBX). One caveat on sizing: MOBX is 7.9 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.
EMBJ vs MOBX: side by side
| EMBJ (Embraer S.A.) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +35.6% | -88.0% |
| 5-year return | +327.0% | -98.8% |
| Volatility (ann.) | 41.9% | 333.1% |
| Beta vs S&P 500 | 0.91 | -0.62 |
| Max drawdown (3Y) | -32.6% | -99.1% |
| Market cap | $13.4B | – |
| P/E (trailing) | 30.5 | – |
| Dividend yield | 0.95% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EMBJ | MOBX |
|---|---|---|
| 2022 | -38.4% | +3.8% |
| 2023 | +68.8% | -60.6% |
| 2024 | +98.8% | -57.7% |
| 2025 | +75.7% | -84.3% |
| 2026 | +17.6% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMBJ and MOBX good diversifiers for each other?
Yes. With a correlation of -0.22, EMBJ and MOBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EMBJ and MOBX?
The EMBJ/MOBX correlation stands at -0.22 on a 3-year window (1 year: -0.42, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is MOBX a good diversifier for EMBJ?
Yes. With a correlation of -0.22, EMBJ and MOBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 mean?
A reading of -0.22 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/embj-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/embj-vs-mobx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EMBJ correlations · MOBX correlations
