AAON vs SITM: Correlation
Measured on weekly returns over the past three years, AAON, Inc. (AAON) and SiTime Corporation (SITM) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAON and SITM?
Across a 3-year window, the weekly returns of AAON and SITM correlate at 0.57, moderate. The link has tightened recently: the 1-year correlation (0.68) runs above the 3-year figure (0.57). Stretching to 5 years gives 0.52, with an annualized covariance of 2439.8 %².
Few assets follow AAON as closely as SITM, which ranks #3 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with SITM ahead by 158.7 points (-7.4% versus +151.3%).
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.
AAON vs SITM: side by side
| AAON (AAON, Inc.) | SITM (SiTime Corporation) | |
|---|---|---|
| 1-year return | -7.4% | +151.3% |
| 5-year return | +73.5% | +183.2% |
| Volatility (ann.) | 54.9% | 77.7% |
| Beta vs S&P 500 | 1.58 | 2.97 |
| Max drawdown (3Y) | -48.9% | -55.3% |
| Market cap | $6.4B | $18.0B |
| P/E (trailing) | 42.0 | 999.8 |
| Dividend yield | 0.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AAON | SITM |
|---|---|---|
| 2022 | -4.6% | -65.3% |
| 2023 | +47.9% | +20.1% |
| 2024 | +59.9% | +75.7% |
| 2025 | -34.9% | +64.6% |
| 2026 | +2.7% | +69.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAON and SITM good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AAON and SITM?
As of 2026-08-27, the correlation of weekly returns between AAON and SITM is 0.57 over 3 years, 0.68 over 1 year and 0.52 over 5 years.
Is SITM a good diversifier for AAON?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aaon-vs-sitm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aaon-vs-sitm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AAON correlations · SITM correlations
