HG vs MOB: Correlation
How closely do Hamilton Insurance Group, Ltd. Class B (HG) and Mobilicom Limited (MOB) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HG and MOB?
Over the past 3 years, HG and MOB moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.25 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -687.7 %².
Out of 12 assets tracked against HG, MOB lands near the bottom at #10. The last year tells two different stories: HG led by 58.2 percentage points, +55.6% for HG against -2.6% for MOB. Risk is not evenly split, since MOB carries 3.2 times the volatility of the other side.
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.
HG vs MOB: side by side
| HG (Hamilton Insurance Group, Ltd. Class B) | MOB (Mobilicom Limited) | |
|---|---|---|
| 1-year return | +55.6% | -2.6% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 30.1% | 95.6% |
| Beta vs S&P 500 | 0.12 | 1.42 |
| Max drawdown (3Y) | -21.1% | -69.7% |
| Market cap | $3.5B | $0.1B |
| P/E (trailing) | 6.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HG | MOB |
|---|---|---|
| 2023 | – | +100.0% |
| 2024 | +27.3% | +96.4% |
| 2025 | +46.6% | +60.1% |
| 2026 | +35.3% | -6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HG and MOB 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 HG and MOB?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.29 over the last year and n/a over 5 years.
Is MOB a good diversifier for HG?
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/hg-vs-mob.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hg-vs-mob/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HG correlations · MOB correlations
