MOBX vs ZBAO: Correlation
Mobix Labs, Inc. (MOBX) and Zhibao Technology Inc. - Class A (ZBAO) show a moderate 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 ZBAO?
On 3 years of weekly data the MOBX/ZBAO correlation comes out at 0.44, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.58 versus 0.44 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 13839.6 %².
By 3-year correlation, ZBAO places #11 of the 77 assets tracked against MOBX. The trailing year gives ZBAO the advantage: -88.0% versus -82.8%, a 5.2-point spread. Risk is not evenly split, since MOBX carries 3.9 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 ZBAO: side by side
| MOBX (Mobix Labs, Inc.) | ZBAO (Zhibao Technology Inc. - Class A) | |
|---|---|---|
| 1-year return | -88.0% | -82.8% |
| 5-year return | -98.8% | n/a |
| Volatility (ann.) | 333.1% | 85.1% |
| Beta vs S&P 500 | -0.62 | 1.27 |
| Max drawdown (3Y) | -99.1% | -96.6% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MOBX | ZBAO |
|---|---|---|
| 2022 | +3.8% | – |
| 2023 | -60.6% | – |
| 2024 | -57.7% | – |
| 2025 | -84.3% | -42.6% |
| 2026 | -57.3% | -80.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MOBX and ZBAO good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MOBX and ZBAO?
As of 2026-08-27, the correlation of weekly returns between MOBX and ZBAO is 0.44 over 3 years, 0.58 over 1 year and n/a over 5 years.
Is ZBAO a good diversifier for MOBX?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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.
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Related comparisons
Hubs: MOBX correlations · ZBAO correlations
