MOBX vs NCLH: Correlation
How closely do Mobix Labs, Inc. (MOBX) and Norwegian Cruise Line Holdings (NCLH) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOBX and NCLH?
On 3 years of weekly data the MOBX/NCLH correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.19). The 5-year figure is -0.14, and annualized covariance runs at -3157.0 %².
Within MOBX's tracked universe of 77 assets, NCLH comes in at #37 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NCLH ahead by 54.9 points (-88.0% versus -33.1%). One caveat on sizing: MOBX is 6.7 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.
MOBX vs NCLH: side by side
| MOBX (Mobix Labs, Inc.) | NCLH (Norwegian Cruise Line Holdings) | |
|---|---|---|
| 1-year return | -88.0% | -33.1% |
| 5-year return | -98.8% | -34.4% |
| Volatility (ann.) | 333.1% | 49.9% |
| Beta vs S&P 500 | -0.62 | 1.52 |
| Max drawdown (3Y) | -99.1% | -49.1% |
| Market cap | – | $7.6B |
| P/E (trailing) | – | 10.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | MOBX | NCLH |
|---|---|---|
| 2022 | +3.8% | -41.0% |
| 2023 | -60.6% | +63.7% |
| 2024 | -57.7% | +28.4% |
| 2025 | -84.3% | -13.3% |
| 2026 | -57.3% | -25.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and NCLH good diversifiers for each other?
Yes. With a correlation of -0.19, MOBX and NCLH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MOBX and NCLH?
As of 2026-08-27, the correlation of weekly returns between MOBX and NCLH is -0.19 over 3 years, -0.39 over 1 year and -0.14 over 5 years.
Is NCLH a good diversifier for MOBX?
Yes. With a correlation of -0.19, MOBX and NCLH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 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/mobx-vs-nclh.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mobx-vs-nclh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MOBX correlations · NCLH correlations
