INOD vs SITM: Correlation
Measured on weekly returns over the past three years, Innodata Inc. (INOD) and SiTime Corporation (SITM) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INOD and SITM?
Across a 3-year window, the weekly returns of INOD and SITM correlate at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.48) sits close to the 3-year figure. Stretching to 5 years gives 0.43, with an annualized covariance of 4753.9 %².
Within INOD's tracked universe of 14 assets, SITM comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SITM outperformed by 99.7 percentage points (+51.6% for INOD against +151.3% for SITM). Note the risk asymmetry: INOD runs 1.6 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.
INOD vs SITM: side by side
| INOD (Innodata Inc.) | SITM (SiTime Corporation) | |
|---|---|---|
| 1-year return | +51.6% | +151.3% |
| 5-year return | +620.6% | +183.2% |
| Volatility (ann.) | 122.9% | 77.7% |
| Beta vs S&P 500 | 3.71 | 2.97 |
| Max drawdown (3Y) | -63.0% | -55.3% |
| Market cap | $2.0B | $18.0B |
| P/E (trailing) | 43.2 | 999.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INOD | SITM |
|---|---|---|
| 2022 | -49.8% | -65.3% |
| 2023 | +174.1% | +20.1% |
| 2024 | +385.5% | +75.7% |
| 2025 | +28.9% | +64.6% |
| 2026 | +16.3% | +69.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INOD and SITM good diversifiers for each other?
To a limited degree. At 0.50 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 INOD and SITM?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.48 over the last year and 0.43 over 5 years.
Is SITM a good diversifier for INOD?
To a limited degree. At 0.50 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 0.50 mean?
A reading of 0.50 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/inod-vs-sitm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/inod-vs-sitm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INOD correlations · SITM correlations
