MOBX vs NDSN: Correlation
How closely do Mobix Labs, Inc. (MOBX) and Nordson Corporation (NDSN) trade together? Their weekly returns over three years give a correlation of -0.15, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOBX and NDSN?
On 3 years of weekly data the MOBX/NDSN correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.15 over 3 years. The 5-year figure is -0.11, and annualized covariance runs at -1243.2 %².
Among the 77 assets we track against MOBX, NDSN ranks #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NDSN outperformed by 136.5 percentage points (-88.0% for MOBX against +48.5% for NDSN). Note the risk asymmetry: MOBX runs 13.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 NDSN: side by side
| MOBX (Mobix Labs, Inc.) | NDSN (Nordson Corporation) | |
|---|---|---|
| 1-year return | -88.0% | +48.5% |
| 5-year return | -98.8% | +46.5% |
| Volatility (ann.) | 333.1% | 24.7% |
| Beta vs S&P 500 | -0.62 | 0.97 |
| Max drawdown (3Y) | -99.1% | -39.1% |
| Market cap | – | $18.4B |
| P/E (trailing) | – | 33.5 |
| Dividend yield | 0.00% | 0.98% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | MOBX | NDSN |
|---|---|---|
| 2022 | +3.8% | -5.9% |
| 2023 | -60.6% | +12.4% |
| 2024 | -57.7% | -20.1% |
| 2025 | -84.3% | +17.0% |
| 2026 | -57.3% | +38.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and NDSN good diversifiers for each other?
Yes. With a correlation of -0.15, MOBX and NDSN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MOBX and NDSN?
The MOBX/NDSN correlation stands at -0.15 on a 3-year window (1 year: -0.38, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is NDSN a good diversifier for MOBX?
Yes. With a correlation of -0.15, MOBX and NDSN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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-ndsn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mobx-vs-ndsn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MOBX correlations · NDSN correlations
