MOBX vs PFX: Correlation
Measured on weekly returns over the past three years, Mobix Labs, Inc. (MOBX) and PhenixFIN Corporation (PFX) carry a correlation of -0.35, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOBX and PFX?
Over the past 3 years, MOBX and PFX moved with a correlation of -0.35, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.48 versus -0.35 over 3 years. Over 5 years the correlation is -0.28, and the annualized covariance of weekly returns is -2694.0 %².
Out of 77 assets tracked against MOBX, PFX lands near the bottom at #73. Their recent paths diverged sharply: over the last 12 months PFX outperformed by 95.9 percentage points (-88.0% for MOBX against +7.9% for PFX). Note the risk asymmetry: MOBX runs 14.6 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 PFX: side by side
| MOBX (Mobix Labs, Inc.) | PFX (PhenixFIN Corporation) | |
|---|---|---|
| 1-year return | -88.0% | +7.9% |
| 5-year return | -98.8% | +36.0% |
| Volatility (ann.) | 333.1% | 22.8% |
| Beta vs S&P 500 | -0.62 | 0.08 |
| Max drawdown (3Y) | -99.1% | -29.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 22.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MOBX | PFX |
|---|---|---|
| 2022 | +3.8% | -25.5% |
| 2023 | -60.6% | +36.1% |
| 2024 | -57.7% | +23.3% |
| 2025 | -84.3% | -10.1% |
| 2026 | -57.3% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and PFX good diversifiers for each other?
Yes. With a correlation of -0.35, MOBX and PFX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MOBX and PFX?
Using weekly returns as of 2026-08-27: -0.35 over 3 years, with -0.48 over the last year and -0.28 over 5 years.
Is PFX a good diversifier for MOBX?
Yes. With a correlation of -0.35, MOBX and PFX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.35 mean?
On the −1 to +1 scale, -0.35 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-pfx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mobx-vs-pfx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MOBX correlations · PFX correlations
