MOBX vs VWO: Correlation
Measured on weekly returns over the past three years, Mobix Labs, Inc. (MOBX) and Vanguard FTSE Emerging Markets ETF (VWO) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MOBX and VWO?
On 3 years of weekly data the MOBX/VWO correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.21). The 5-year figure is -0.15, and annualized covariance runs at -1039.3 %².
By 3-year correlation, VWO places #47 of the 77 assets tracked against MOBX. Their recent paths diverged sharply: over the last 12 months VWO outperformed by 109.6 percentage points (-88.0% for MOBX against +21.6% for VWO). Note the risk asymmetry: MOBX runs 21.9 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 VWO: side by side
| MOBX (Mobix Labs, Inc.) | VWO (Vanguard FTSE Emerging Markets ETF) | |
|---|---|---|
| 1-year return | -88.0% | +21.6% |
| 5-year return | -98.8% | +38.2% |
| Volatility (ann.) | 333.1% | 15.2% |
| Beta vs S&P 500 | -0.62 | 0.75 |
| Max drawdown (3Y) | -99.1% | -17.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.36% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $162.0B |
| Sector / category | US Listed | ETF · International |
On the fund side, VWO sits in the Diversified Emerging Mkts category at Vanguard, with $162.0B under management, 4113 holdings, a 0.06% expense ratio, a 2.36% trailing dividend yield.
Year-by-year returns
| Year | MOBX | VWO |
|---|---|---|
| 2022 | +3.8% | -18.0% |
| 2023 | -60.6% | +9.3% |
| 2024 | -57.7% | +10.6% |
| 2025 | -84.3% | +25.6% |
| 2026 | -57.3% | +13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and VWO good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between MOBX and VWO?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.40 over the last year and -0.15 over 5 years.
Is VWO a good diversifier for MOBX?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 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-vwo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mobx-vs-vwo/)
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Related comparisons
Hubs: MOBX correlations · VWO correlations
