GEHC vs MOBX: Correlation
Measured on weekly returns over the past three years, GE HealthCare (GEHC) and Mobix Labs, Inc. (MOBX) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GEHC and MOBX?
Across a 3-year window, the weekly returns of GEHC and MOBX correlate at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus -0.18 over 3 years. Stretching to 5 years gives -0.16, with an annualized covariance of -1927.4 %².
Within GEHC's tracked universe of 52 assets, MOBX comes in at #44 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GEHC outperformed by 85.8 percentage points (-2.2% for GEHC against -88.0% for MOBX). One caveat on sizing: MOBX is 10.3 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.
GEHC vs MOBX: side by side
| GEHC (GE HealthCare) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | -2.2% | -88.0% |
| 5-year return | n/a | -98.8% |
| Volatility (ann.) | 32.4% | 333.1% |
| Beta vs S&P 500 | 1.22 | -0.62 |
| Max drawdown (3Y) | -37.4% | -99.1% |
| Market cap | $32.7B | – |
| P/E (trailing) | 16.9 | – |
| Dividend yield | 0.19% | 0.00% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | GEHC | MOBX |
|---|---|---|
| 2022 | – | +3.8% |
| 2023 | +32.6% | -60.6% |
| 2024 | +1.3% | -57.7% |
| 2025 | +5.1% | -84.3% |
| 2026 | -11.5% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GEHC and MOBX good diversifiers for each other?
Yes. With a correlation of -0.18, GEHC and MOBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GEHC and MOBX?
The GEHC/MOBX correlation stands at -0.18 on a 3-year window (1 year: -0.34, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is MOBX a good diversifier for GEHC?
Yes. With a correlation of -0.18, GEHC and MOBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gehc-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gehc-vs-mobx/)
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Related comparisons
Hubs: GEHC correlations · MOBX correlations
