MOBX vs PPG: Correlation
Mobix Labs, Inc. (MOBX) and PPG Industries (PPG) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOBX and PPG?
Over the past 3 years, MOBX and PPG moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.25 over 3 years. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -2101.2 %².
Within MOBX's tracked universe of 77 assets, PPG comes in at #62 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PPG ahead by 91.8 points (-88.0% versus +3.8%). Note the risk asymmetry: MOBX runs 13.1 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 PPG: side by side
| MOBX (Mobix Labs, Inc.) | PPG (PPG Industries) | |
|---|---|---|
| 1-year return | -88.0% | +3.8% |
| 5-year return | -98.8% | -22.0% |
| Volatility (ann.) | 333.1% | 25.5% |
| Beta vs S&P 500 | -0.62 | 0.90 |
| Max drawdown (3Y) | -99.1% | -37.4% |
| Market cap | – | $25.2B |
| P/E (trailing) | – | 16.4 |
| Dividend yield | 0.00% | 2.48% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | MOBX | PPG |
|---|---|---|
| 2022 | +3.8% | -25.7% |
| 2023 | -60.6% | +21.2% |
| 2024 | -57.7% | -18.5% |
| 2025 | -84.3% | -12.0% |
| 2026 | -57.3% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and PPG good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MOBX and PPG?
As of 2026-08-27, the correlation of weekly returns between MOBX and PPG is -0.25 over 3 years, -0.42 over 1 year and -0.18 over 5 years.
Is PPG a good diversifier for MOBX?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mobx-vs-ppg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mobx-vs-ppg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MOBX correlations · PPG correlations
