MTSI vs SITM: Correlation
How closely do MACOM Technology Solutions Holdings, Inc. (MTSI) and SiTime Corporation (SITM) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MTSI and SITM?
On 3 years of weekly data the MTSI/SITM correlation comes out at 0.68, strong. Recent behaviour matches the longer record: 0.75 over 1 year against 0.68 over 3. The 5-year figure is 0.67, and annualized covariance runs at 2578.4 %².
Few assets follow MTSI as closely as SITM, which ranks #1 of 17 tracked partners. Their recent paths diverged sharply: over the last 12 months SITM outperformed by 37.5 percentage points (+113.8% for MTSI against +151.3% for SITM). One caveat on sizing: SITM is 1.6 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.
MTSI vs SITM: side by side
| MTSI (MACOM Technology Solutions Holdings, Inc.) | SITM (SiTime Corporation) | |
|---|---|---|
| 1-year return | +113.8% | +151.3% |
| 5-year return | +341.3% | +183.2% |
| Volatility (ann.) | 48.7% | 77.7% |
| Beta vs S&P 500 | 1.65 | 2.97 |
| Max drawdown (3Y) | -44.2% | -55.3% |
| Market cap | $21.2B | $18.0B |
| P/E (trailing) | 88.3 | 999.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MTSI | SITM |
|---|---|---|
| 2022 | -19.6% | -65.3% |
| 2023 | +47.6% | +20.1% |
| 2024 | +39.8% | +75.7% |
| 2025 | +31.8% | +64.6% |
| 2026 | +61.8% | +69.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MTSI and SITM good diversifiers for each other?
To a limited degree. At 0.68 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 MTSI and SITM?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.75 over the last year and 0.67 over 5 years.
Is SITM a good diversifier for MTSI?
To a limited degree. At 0.68 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 0.68 mean?
A reading of 0.68 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/mtsi-vs-sitm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mtsi-vs-sitm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MTSI correlations · SITM correlations
