MOBX vs SBSW: Correlation
Measured on weekly returns over the past three years, Mobix Labs, Inc. (MOBX) and D/B/A Sibanye-Stillwater Limited (SBSW) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOBX and SBSW?
Across a 3-year window, the weekly returns of MOBX and SBSW correlate at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.32 versus -0.20 over 3 years. Stretching to 5 years gives -0.16, with an annualized covariance of -4301.9 %².
By 3-year correlation, SBSW places #42 of the 77 assets tracked against MOBX. Their recent paths diverged sharply: over the last 12 months SBSW outperformed by 148.5 percentage points (-88.0% for MOBX against +60.5% for SBSW). Note the risk asymmetry: MOBX runs 5.1 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 SBSW: side by side
| MOBX (Mobix Labs, Inc.) | SBSW (D/B/A Sibanye-Stillwater Limited) | |
|---|---|---|
| 1-year return | -88.0% | +60.5% |
| 5-year return | -98.8% | -6.1% |
| Volatility (ann.) | 333.1% | 65.8% |
| Beta vs S&P 500 | -0.62 | 1.28 |
| Max drawdown (3Y) | -99.1% | -61.0% |
| Market cap | – | $8.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 10.84% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MOBX | SBSW |
|---|---|---|
| 2022 | +3.8% | -9.6% |
| 2023 | -60.6% | -46.6% |
| 2024 | -57.7% | -39.2% |
| 2025 | -84.3% | +331.8% |
| 2026 | -57.3% | -11.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and SBSW good diversifiers for each other?
Yes. With a correlation of -0.20, MOBX and SBSW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MOBX and SBSW?
The MOBX/SBSW correlation stands at -0.20 on a 3-year window (1 year: -0.32, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is SBSW a good diversifier for MOBX?
Yes. With a correlation of -0.20, MOBX and SBSW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mobx-vs-sbsw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mobx-vs-sbsw/)
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Related comparisons
Hubs: MOBX correlations · SBSW correlations
