MOBX vs TBPH: Correlation
How closely do Mobix Labs, Inc. (MOBX) and Theravance Biopharma, Inc. (TBPH) trade together? Their weekly returns over three years give a correlation of -0.34, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOBX and TBPH?
On 3 years of weekly data the MOBX/TBPH correlation comes out at -0.34, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.65 versus -0.34 over 3 years. The 5-year figure is -0.25, and annualized covariance runs at -4807.5 %².
Within MOBX's tracked universe of 77 assets, TBPH comes in at #71 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TBPH outperformed by 111.5 percentage points (-88.0% for MOBX against +23.5% for TBPH). One caveat on sizing: MOBX is 7.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TBPH: side by side
| MOBX (Mobix Labs, Inc.) | TBPH (Theravance Biopharma, Inc.) | |
|---|---|---|
| 1-year return | -88.0% | +23.5% |
| 5-year return | -98.8% | +102.9% |
| Volatility (ann.) | 333.1% | 42.5% |
| Beta vs S&P 500 | -0.62 | 0.92 |
| Max drawdown (3Y) | -99.1% | -34.6% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | 16.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MOBX | TBPH |
|---|---|---|
| 2022 | +3.8% | +1.5% |
| 2023 | -60.6% | +0.2% |
| 2024 | -57.7% | -16.3% |
| 2025 | -84.3% | +98.8% |
| 2026 | -57.3% | -8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and TBPH good diversifiers for each other?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MOBX and TBPH?
Using weekly returns as of 2026-08-27: -0.34 over 3 years, with -0.65 over the last year and -0.25 over 5 years.
Is TBPH a good diversifier for MOBX?
Yes: at -0.34, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.34 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-tbph.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mobx-vs-tbph/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MOBX correlations · TBPH correlations
