GWRS vs MOBX: Correlation
Global Water Resources, Inc. (GWRS) 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 GWRS and MOBX?
Across a 3-year window, the weekly returns of GWRS and MOBX correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.22). Stretching to 5 years gives -0.16, with an annualized covariance of -2098.9 %².
MOBX is close to the least connected end of GWRS's tracked universe, ranking #9 of 11. The last year tells two different stories: GWRS led by 86.4 percentage points, -1.6% for GWRS against -88.0% for MOBX. Note the risk asymmetry: MOBX runs 11.7 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.
GWRS vs MOBX: side by side
| GWRS (Global Water Resources, Inc.) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | -1.6% | -88.0% |
| 5-year return | -47.4% | -98.8% |
| Volatility (ann.) | 28.4% | 333.1% |
| Beta vs S&P 500 | 0.67 | -0.62 |
| Max drawdown (3Y) | -48.4% | -99.1% |
| Market cap | $0.3B | – |
| P/E (trailing) | 83.4 | – |
| Dividend yield | 3.28% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GWRS | MOBX |
|---|---|---|
| 2022 | -20.7% | +3.8% |
| 2023 | +1.0% | -60.6% |
| 2024 | -10.0% | -57.7% |
| 2025 | -24.4% | -84.3% |
| 2026 | +11.3% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GWRS and MOBX good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between GWRS and MOBX?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.34 over the last year and -0.16 over 5 years.
Is MOBX a good diversifier for GWRS?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/gwrs-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gwrs-vs-mobx/)
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Related comparisons
Hubs: GWRS correlations · MOBX correlations
