MOBX vs RYDE: Correlation
How closely do Mobix Labs, Inc. (MOBX) and Ryde Group Ltd. Class A (RYDE) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOBX and RYDE?
Across a 3-year window, the weekly returns of MOBX and RYDE correlate at 0.43, moderate. The link has tightened recently: the 1-year correlation (0.78) runs above the 3-year figure (0.43). Stretching to 5 years gives n/a, with an annualized covariance of 34988.6 %².
Among the 77 assets we track against MOBX, RYDE ranks #12 by 3-year correlation. The last year tells two different stories: RYDE led by 205.9 percentage points, -88.0% for MOBX against +117.9% for RYDE.
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 RYDE: side by side
| MOBX (Mobix Labs, Inc.) | RYDE (Ryde Group Ltd. Class A) | |
|---|---|---|
| 1-year return | -88.0% | +117.9% |
| 5-year return | -98.8% | n/a |
| Volatility (ann.) | 333.1% | 224.8% |
| Beta vs S&P 500 | -0.62 | -0.77 |
| Max drawdown (3Y) | -99.1% | -99.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MOBX | RYDE |
|---|---|---|
| 2022 | +3.8% | – |
| 2023 | -60.6% | – |
| 2024 | -57.7% | – |
| 2025 | -84.3% | -43.5% |
| 2026 | -57.3% | +147.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and RYDE good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MOBX and RYDE?
The MOBX/RYDE correlation stands at 0.43 on a 3-year window (1 year: 0.78, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is RYDE a good diversifier for MOBX?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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-ryde.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mobx-vs-ryde/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MOBX correlations · RYDE correlations
