MBLY vs OSPN: Correlation
How closely do Mobileye Global Inc. (MBLY) and OneSpan Inc. (OSPN) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBLY and OSPN?
On 3 years of weekly data the MBLY/OSPN correlation comes out at 0.44, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.44 over 3 years. The 5-year figure is 0.41, and annualized covariance runs at 1243.4 %².
In MBLY's tracked universe of 12 assets, OSPN sits right near the top at #1. Correlation aside, the last 12 months split them widely, with OSPN ahead by 54.1 points (-38.5% versus +15.6%).
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.
MBLY vs OSPN: side by side
| MBLY (Mobileye Global Inc.) | OSPN (OneSpan Inc.) | |
|---|---|---|
| 1-year return | -38.5% | +15.6% |
| 5-year return | n/a | -8.3% |
| Volatility (ann.) | 64.4% | 43.6% |
| Beta vs S&P 500 | 1.71 | 1.28 |
| Max drawdown (3Y) | -85.1% | -47.9% |
| Market cap | $7.3B | $0.6B |
| P/E (trailing) | – | 9.3 |
| Dividend yield | 0.00% | 3.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MBLY | OSPN |
|---|---|---|
| 2022 | – | -33.9% |
| 2023 | +23.6% | -4.2% |
| 2024 | -54.0% | +72.9% |
| 2025 | -47.6% | -28.5% |
| 2026 | -17.5% | +32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBLY and OSPN good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MBLY and OSPN?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.23 over the last year and 0.41 over 5 years.
Is OSPN a good diversifier for MBLY?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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/mbly-vs-ospn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mbly-vs-ospn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MBLY correlations · OSPN correlations
