MOBX vs TEL: Correlation
Mobix Labs, Inc. (MOBX) and TE Connectivity (TEL) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOBX and TEL?
Over the past 3 years, MOBX and TEL 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 -0.34 versus -0.18 over 3 years. Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -1728.4 %².
By 3-year correlation, TEL places #30 of the 77 assets tracked against MOBX. Their recent paths diverged sharply: over the last 12 months TEL outperformed by 86.9 percentage points (-88.0% for MOBX against -1.1% for TEL). Risk is not evenly split, since MOBX carries 11.6 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 TEL: side by side
| MOBX (Mobix Labs, Inc.) | TEL (TE Connectivity) | |
|---|---|---|
| 1-year return | -88.0% | -1.1% |
| 5-year return | -98.8% | +43.7% |
| Volatility (ann.) | 333.1% | 28.8% |
| Beta vs S&P 500 | -0.62 | 1.32 |
| Max drawdown (3Y) | -99.1% | -22.6% |
| Market cap | – | $58.8B |
| P/E (trailing) | – | 20.1 |
| Dividend yield | 0.00% | 1.42% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | MOBX | TEL |
|---|---|---|
| 2022 | +3.8% | -27.7% |
| 2023 | -60.6% | +24.6% |
| 2024 | -57.7% | +3.5% |
| 2025 | -84.3% | +61.1% |
| 2026 | -57.3% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and TEL good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MOBX and TEL?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.34 over the last year and -0.14 over 5 years.
Is TEL a good diversifier for MOBX?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
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-tel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mobx-vs-tel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MOBX correlations · TEL correlations
