MOBX vs MTD: Correlation
How closely do Mobix Labs, Inc. (MOBX) and Mettler Toledo (MTD) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOBX and MTD?
On 3 years of weekly data the MOBX/MTD correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.36) than the 3-year average (-0.17). The 5-year figure is -0.13, and annualized covariance runs at -1812.5 %².
Among the 77 assets we track against MOBX, MTD ranks #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MTD ahead by 97.5 points (-88.0% versus +9.5%). Risk is not evenly split, since MOBX carries 10.6 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.
MOBX vs MTD: side by side
| MOBX (Mobix Labs, Inc.) | MTD (Mettler Toledo) | |
|---|---|---|
| 1-year return | -88.0% | +9.5% |
| 5-year return | -98.8% | -11.4% |
| Volatility (ann.) | 333.1% | 31.4% |
| Beta vs S&P 500 | -0.62 | 1.00 |
| Max drawdown (3Y) | -99.1% | -36.6% |
| Market cap | – | $28.2B |
| P/E (trailing) | – | 31.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | MOBX | MTD |
|---|---|---|
| 2022 | +3.8% | -14.8% |
| 2023 | -60.6% | -16.1% |
| 2024 | -57.7% | +0.9% |
| 2025 | -84.3% | +13.9% |
| 2026 | -57.3% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and MTD good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MOBX and MTD?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.36 over the last year and -0.13 over 5 years.
Is MTD a good diversifier for MOBX?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mobx-vs-mtd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mobx-vs-mtd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MOBX correlations · MTD correlations
