MOBX vs TPB: Correlation
Mobix Labs, Inc. (MOBX) and Turning Point Brands, Inc. (TPB) show a negative relationship: their 3-year correlation of weekly returns is -0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOBX and TPB?
On 3 years of weekly data the MOBX/TPB correlation comes out at -0.44, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.63 versus -0.44 over 3 years. The 5-year figure is -0.35, and annualized covariance runs at -6492.4 %².
TPB is close to the least connected end of MOBX's tracked universe, ranking #76 of 77. Their recent paths diverged sharply: over the last 12 months TPB outperformed by 73.8 percentage points (-88.0% for MOBX against -14.2% for TPB). One caveat on sizing: MOBX is 7.5 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 TPB: side by side
| MOBX (Mobix Labs, Inc.) | TPB (Turning Point Brands, Inc.) | |
|---|---|---|
| 1-year return | -88.0% | -14.2% |
| 5-year return | -98.8% | +74.4% |
| Volatility (ann.) | 333.1% | 44.7% |
| Beta vs S&P 500 | -0.62 | 0.76 |
| Max drawdown (3Y) | -99.1% | -50.6% |
| Market cap | – | $1.7B |
| P/E (trailing) | – | 38.3 |
| Dividend yield | 0.00% | 0.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MOBX | TPB |
|---|---|---|
| 2022 | +3.8% | -42.2% |
| 2023 | -60.6% | +23.1% |
| 2024 | -57.7% | +130.1% |
| 2025 | -84.3% | +81.0% |
| 2026 | -57.3% | -22.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and TPB good diversifiers for each other?
Yes. With a correlation of -0.44, MOBX and TPB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MOBX and TPB?
Using weekly returns as of 2026-08-27: -0.44 over 3 years, with -0.63 over the last year and -0.35 over 5 years.
Is TPB a good diversifier for MOBX?
Yes. With a correlation of -0.44, MOBX and TPB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.44 mean?
A reading of -0.44 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-tpb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mobx-vs-tpb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MOBX correlations · TPB correlations
