KEYS vs MOBX: Correlation
How closely do Keysight Technologies (KEYS) and Mobix Labs, Inc. (MOBX) trade together? Their weekly returns over three years give a correlation of -0.15, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEYS and MOBX?
Over the past 3 years, KEYS and MOBX moved with a correlation of -0.15, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.29 versus -0.15 over 3 years. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -1862.7 %².
By 3-year correlation, MOBX places #38 of the 43 assets tracked against KEYS. The last year tells two different stories: KEYS led by 185.4 percentage points, +97.4% for KEYS against -88.0% for MOBX. One caveat on sizing: MOBX is 9.1 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.
KEYS vs MOBX: side by side
| KEYS (Keysight Technologies) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +97.4% | -88.0% |
| 5-year return | +81.9% | -98.8% |
| Volatility (ann.) | 36.8% | 333.1% |
| Beta vs S&P 500 | 1.58 | -0.62 |
| Max drawdown (3Y) | -31.4% | -99.1% |
| Market cap | $55.5B | – |
| P/E (trailing) | 43.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | KEYS | MOBX |
|---|---|---|
| 2022 | -17.2% | +3.8% |
| 2023 | -7.0% | -60.6% |
| 2024 | +1.0% | -57.7% |
| 2025 | +26.5% | -84.3% |
| 2026 | +60.4% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEYS and MOBX good diversifiers for each other?
Yes. With a correlation of -0.15, KEYS and MOBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KEYS and MOBX?
The KEYS/MOBX correlation stands at -0.15 on a 3-year window (1 year: -0.29, 5 years: -0.12), computed from weekly returns as of 2026-08-27.
Is MOBX a good diversifier for KEYS?
Yes. With a correlation of -0.15, KEYS and MOBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
A reading of -0.15 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/keys-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/keys-vs-mobx/)
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Related comparisons
Hubs: KEYS correlations · MOBX correlations
