QQQ vs SITM: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and SiTime Corporation (SITM) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and SITM?
Across a 3-year window, the weekly returns of QQQ and SITM correlate at 0.59, moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Stretching to 5 years gives 0.62, with an annualized covariance of 902.5 %².
Within QQQ's tracked universe of 4755 assets, SITM comes in at #146 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SITM ahead by 125.0 points (+26.3% versus +151.3%). One caveat on sizing: SITM is 4.0 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.
QQQ vs SITM: side by side
| QQQ (Invesco QQQ Trust) | SITM (SiTime Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +151.3% |
| 5-year return | +95.4% | +183.2% |
| Volatility (ann.) | 19.6% | 77.7% |
| Beta vs S&P 500 | 1.28 | 2.97 |
| Max drawdown (3Y) | -22.8% | -55.3% |
| Market cap | – | $18.0B |
| P/E (trailing) | – | 999.8 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | SITM |
|---|---|---|
| 2022 | -32.6% | -65.3% |
| 2023 | +54.9% | +20.1% |
| 2024 | +25.6% | +75.7% |
| 2025 | +20.8% | +64.6% |
| 2026 | +17.7% | +69.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and SITM good diversifiers for each other?
To a limited degree. At 0.59 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 QQQ and SITM?
As of 2026-08-27, the correlation of weekly returns between QQQ and SITM is 0.59 over 3 years, 0.59 over 1 year and 0.62 over 5 years.
Is SITM a good diversifier for QQQ?
To a limited degree. At 0.59 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 0.59 mean?
On the −1 to +1 scale, 0.59 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/qqq-vs-sitm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-sitm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · SITM correlations
