MOBX vs ROK: Correlation
How closely do Mobix Labs, Inc. (MOBX) and Rockwell Automation (ROK) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOBX and ROK?
Over the past 3 years, MOBX and ROK moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.41 versus -0.18 over 3 years. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -1664.1 %².
Among the 77 assets we track against MOBX, ROK ranks #29 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ROK outperformed by 113.7 percentage points (-88.0% for MOBX against +25.7% for ROK). Risk is not evenly split, since MOBX carries 11.9 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 ROK: side by side
| MOBX (Mobix Labs, Inc.) | ROK (Rockwell Automation) | |
|---|---|---|
| 1-year return | -88.0% | +25.7% |
| 5-year return | -98.8% | +44.9% |
| Volatility (ann.) | 333.1% | 27.9% |
| Beta vs S&P 500 | -0.62 | 0.97 |
| Max drawdown (3Y) | -99.1% | -29.0% |
| Market cap | – | $48.2B |
| P/E (trailing) | – | 40.6 |
| Dividend yield | 0.00% | 1.26% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | MOBX | ROK |
|---|---|---|
| 2022 | +3.8% | -24.8% |
| 2023 | -60.6% | +22.6% |
| 2024 | -57.7% | -6.2% |
| 2025 | -84.3% | +38.4% |
| 2026 | -57.3% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and ROK good diversifiers for each other?
Yes. With a correlation of -0.18, MOBX and ROK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MOBX and ROK?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.41 over the last year and -0.13 over 5 years.
Is ROK a good diversifier for MOBX?
Yes. With a correlation of -0.18, MOBX and ROK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 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-rok.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mobx-vs-rok/)
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Related comparisons
Hubs: MOBX correlations · ROK correlations
