GO vs MOBX: Correlation
Measured on weekly returns over the past three years, Grocery Outlet Holding Corp. (GO) and Mobix Labs, Inc. (MOBX) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GO and MOBX?
Over the past 3 years, GO and MOBX moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.55) runs below the 3-year figure (-0.29). Over 5 years the correlation is -0.26, and the annualized covariance of weekly returns is -5135.6 %².
Among the 12 assets we track against GO, MOBX sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months GO outperformed by 51.2 percentage points (-36.8% for GO against -88.0% for MOBX). Note the risk asymmetry: MOBX runs 6.3 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.
GO vs MOBX: side by side
| GO (Grocery Outlet Holding Corp.) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | -36.8% | -88.0% |
| 5-year return | -54.0% | -98.8% |
| Volatility (ann.) | 52.6% | 333.1% |
| Beta vs S&P 500 | 0.76 | -0.62 |
| Max drawdown (3Y) | -81.7% | -99.1% |
| Market cap | $1.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GO | MOBX |
|---|---|---|
| 2022 | +3.2% | +3.8% |
| 2023 | -7.6% | -60.6% |
| 2024 | -42.1% | -57.7% |
| 2025 | -35.3% | -84.3% |
| 2026 | +15.8% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GO and MOBX good diversifiers for each other?
Yes. With a correlation of -0.29, GO and MOBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GO and MOBX?
As of 2026-08-27, the correlation of weekly returns between GO and MOBX is -0.29 over 3 years, -0.55 over 1 year and -0.26 over 5 years.
Is MOBX a good diversifier for GO?
Yes. With a correlation of -0.29, GO and MOBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
A reading of -0.29 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/go-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/go-vs-mobx/)
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Related comparisons
Hubs: GO correlations · MOBX correlations
