LUV vs MOBX: Correlation
Measured on weekly returns over the past three years, Southwest Airlines (LUV) and Mobix Labs, Inc. (MOBX) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LUV and MOBX?
Across a 3-year window, the weekly returns of LUV and MOBX correlate at -0.22, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.33) runs below the 3-year figure (-0.22). Stretching to 5 years gives -0.18, with an annualized covariance of -2998.8 %².
Among the 32 assets we track against LUV, MOBX ranks #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LUV ahead by 110.0 points (+22.0% versus -88.0%). One caveat on sizing: MOBX is 8.2 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.
LUV vs MOBX: side by side
| LUV (Southwest Airlines) | MOBX (Mobix Labs, Inc.) | |
|---|---|---|
| 1-year return | +22.0% | -88.0% |
| 5-year return | -12.3% | -98.8% |
| Volatility (ann.) | 40.5% | 333.1% |
| Beta vs S&P 500 | 1.11 | -0.62 |
| Max drawdown (3Y) | -33.5% | -99.1% |
| Market cap | $19.5B | – |
| P/E (trailing) | 25.5 | – |
| Dividend yield | 1.77% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | LUV | MOBX |
|---|---|---|
| 2022 | -21.4% | +3.8% |
| 2023 | -11.8% | -60.6% |
| 2024 | +19.1% | -57.7% |
| 2025 | +25.6% | -84.3% |
| 2026 | -3.0% | -57.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LUV and MOBX good diversifiers for each other?
Yes. With a correlation of -0.22, LUV and MOBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LUV and MOBX?
As of 2026-08-27, the correlation of weekly returns between LUV and MOBX is -0.22 over 3 years, -0.33 over 1 year and -0.18 over 5 years.
Is MOBX a good diversifier for LUV?
Yes. With a correlation of -0.22, LUV and MOBX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.22 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/luv-vs-mobx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/luv-vs-mobx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LUV correlations · MOBX correlations
