HRZN vs MOBX: Correlation
Horizon Technology Finance Corporation (HRZN) and Mobix Labs, Inc. (MOBX) show a negative relationship: their 3-year correlation of weekly returns is -0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HRZN and MOBX?
On 3 years of weekly data the HRZN/MOBX correlation comes out at -0.49, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.69) runs below the 3-year figure (-0.49). The 5-year figure is -0.39, and annualized covariance runs at -5331.3 %².
Out of 16 assets tracked against HRZN, MOBX lands near the bottom at #15. Correlation aside, the last 12 months split them widely, with HRZN ahead by 73.4 points (-14.6% versus -88.0%). One caveat on sizing: MOBX is 10.1 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.
HRZN vs MOBX: side by side
| HRZN (Horizon Technology Finance Corporation) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | -14.6% | -88.0% |
| 5-year return | -44.7% | -98.8% |
| Volatility (ann.) | 32.9% | 333.1% |
| Beta vs S&P 500 | 0.55 | -0.62 |
| Max drawdown (3Y) | -59.4% | -99.1% |
| Market cap | $0.3B | – |
| P/E (trailing) | 13.0 | – |
| Dividend yield | 23.38% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HRZN | MOBX |
|---|---|---|
| 2022 | -19.7% | +3.8% |
| 2023 | +27.0% | -60.6% |
| 2024 | -22.9% | -57.7% |
| 2025 | -14.4% | -84.3% |
| 2026 | -14.7% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HRZN and MOBX good diversifiers for each other?
By historical standards, yes. A correlation of -0.49 means the two rarely move for the same reasons.
FAQ
What is the correlation between HRZN and MOBX?
Using weekly returns as of 2026-08-27: -0.49 over 3 years, with -0.69 over the last year and -0.39 over 5 years.
Is MOBX a good diversifier for HRZN?
By historical standards, yes. A correlation of -0.49 means the two rarely move for the same reasons.
What does a correlation of -0.49 mean?
On the −1 to +1 scale, -0.49 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/hrzn-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hrzn-vs-mobx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HRZN correlations · MOBX correlations
