MOBX vs VEA: Correlation
Measured on weekly returns over the past three years, Mobix Labs, Inc. (MOBX) and Vanguard FTSE Developed Markets ETF (VEA) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOBX and VEA?
Over the past 3 years, MOBX and VEA moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.47) than the 3-year average (-0.25). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -1242.4 %².
Among the 77 assets we track against MOBX, VEA ranks #64 by 3-year correlation. Correlation aside, the last 12 months split them widely, with VEA ahead by 116.5 points (-88.0% versus +28.5%). One caveat on sizing: MOBX is 22.1 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 VEA: side by side
| MOBX (Mobix Labs, Inc.) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | -88.0% | +28.5% |
| 5-year return | -98.8% | +63.5% |
| Volatility (ann.) | 333.1% | 15.1% |
| Beta vs S&P 500 | -0.62 | 0.79 |
| Max drawdown (3Y) | -99.1% | -13.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | US Listed | ETF · International |
VEA is a Foreign Large Blend fund from Vanguard: $314.9B under management, 3769 holdings, a 0.03% expense ratio, a 2.56% trailing dividend yield.
Year-by-year returns
| Year | MOBX | VEA |
|---|---|---|
| 2022 | +3.8% | -15.3% |
| 2023 | -60.6% | +17.9% |
| 2024 | -57.7% | +3.1% |
| 2025 | -84.3% | +35.2% |
| 2026 | -57.3% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and VEA good diversifiers for each other?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
FAQ
What is the correlation between MOBX and VEA?
As of 2026-08-27, the correlation of weekly returns between MOBX and VEA is -0.25 over 3 years, -0.47 over 1 year and -0.17 over 5 years.
Is VEA a good diversifier for MOBX?
By historical standards, yes. A correlation of -0.25 means the two rarely move for the same reasons.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: MOBX correlations · VEA correlations
