IVZ vs MOBX: Correlation
Measured on weekly returns over the past three years, Invesco (IVZ) and Mobix Labs, Inc. (MOBX) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVZ and MOBX?
On 3 years of weekly data the IVZ/MOBX correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.15 over 3 years. The 5-year figure is -0.10, and annualized covariance runs at -1584.4 %².
By 3-year correlation, MOBX places #26 of the 33 assets tracked against IVZ. Their recent paths diverged sharply: over the last 12 months IVZ outperformed by 143.9 percentage points (+55.9% for IVZ against -88.0% for MOBX). Risk is not evenly split, since MOBX carries 10.2 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.
IVZ vs MOBX: side by side
| IVZ (Invesco) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +55.9% | -88.0% |
| 5-year return | +63.7% | -98.8% |
| Volatility (ann.) | 32.6% | 333.1% |
| Beta vs S&P 500 | 1.29 | -0.62 |
| Max drawdown (3Y) | -36.5% | -99.1% |
| Market cap | $14.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.58% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | IVZ | MOBX |
|---|---|---|
| 2022 | -18.7% | +3.8% |
| 2023 | +4.2% | -60.6% |
| 2024 | +3.0% | -57.7% |
| 2025 | +56.9% | -84.3% |
| 2026 | +29.7% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVZ and MOBX good diversifiers for each other?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between IVZ and MOBX?
Using weekly returns as of 2026-08-27: -0.15 over 3 years, with -0.37 over the last year and -0.10 over 5 years.
Is MOBX a good diversifier for IVZ?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
What does a correlation of -0.15 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/ivz-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ivz-vs-mobx/)
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Related comparisons
Hubs: IVZ correlations · MOBX correlations
