MBLY vs RDDT: Correlation
How closely do Mobileye Global Inc. (MBLY) and Reddit (RDDT) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MBLY and RDDT?
Across a 3-year window, the weekly returns of MBLY and RDDT correlate at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 2056.0 %².
Within MBLY's tracked universe of 12 assets, RDDT comes in at #5 by 3-year correlation. Over the last 12 months RDDT came out ahead by 11.4 percentage points (-38.5% against -27.1%).
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 RDDT: side by side
| MBLY (Mobileye Global Inc.) | RDDT (Reddit) | |
|---|---|---|
| 1-year return | -38.5% | -27.1% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 64.4% | 75.2% |
| Beta vs S&P 500 | 1.71 | 2.59 |
| Max drawdown (3Y) | -85.1% | -61.4% |
| Market cap | $7.3B | $29.6B |
| P/E (trailing) | – | 36.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | MBLY | RDDT |
|---|---|---|
| 2023 | +23.6% | – |
| 2024 | -54.0% | – |
| 2025 | -47.6% | +40.6% |
| 2026 | -17.5% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MBLY and RDDT good diversifiers for each other?
Reasonably. At 0.42, MBLY and RDDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MBLY and RDDT?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.41 over the last year and n/a over 5 years.
Is RDDT a good diversifier for MBLY?
Reasonably. At 0.42, MBLY and RDDT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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-rddt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mbly-vs-rddt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MBLY correlations · RDDT correlations
