MOBX vs STX: Correlation
Measured on weekly returns over the past three years, Mobix Labs, Inc. (MOBX) and Seagate Technology (STX) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOBX and STX?
Across a 3-year window, the weekly returns of MOBX and STX correlate at -0.19, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.27) sits close to the 3-year figure. Stretching to 5 years gives -0.15, with an annualized covariance of -3185.2 %².
By 3-year correlation, STX places #38 of the 77 assets tracked against MOBX. Correlation aside, the last 12 months split them widely, with STX ahead by 498.8 points (-88.0% versus +410.8%). Note the risk asymmetry: MOBX runs 6.5 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 STX: side by side
| MOBX (Mobix Labs, Inc.) | STX (Seagate Technology) | |
|---|---|---|
| 1-year return | -88.0% | +410.8% |
| 5-year return | -98.8% | +1032.5% |
| Volatility (ann.) | 333.1% | 51.3% |
| Beta vs S&P 500 | -0.62 | 1.97 |
| Max drawdown (3Y) | -99.1% | -40.0% |
| Market cap | – | $192.0B |
| P/E (trailing) | – | 61.0 |
| Dividend yield | 0.00% | 0.35% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | MOBX | STX |
|---|---|---|
| 2022 | +3.8% | -51.4% |
| 2023 | -60.6% | +69.1% |
| 2024 | -57.7% | +4.1% |
| 2025 | -84.3% | +225.3% |
| 2026 | -57.3% | +208.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and STX good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MOBX and STX?
The MOBX/STX correlation stands at -0.19 on a 3-year window (1 year: -0.27, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is STX a good diversifier for MOBX?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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-stx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mobx-vs-stx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MOBX correlations · STX correlations
