SITM vs SOXX: Correlation
SiTime Corporation (SITM) and iShares Semiconductor ETF (SOXX) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SITM and SOXX?
Over the past 3 years, SITM and SOXX moved with a correlation of 0.69, which is strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.69 over 3. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 1884.8 %².
SOXX is one of the assets that tracks SITM most closely: it ranks #1 out of the 13 assets we track against SITM. The last year tells two different stories: SITM led by 41.3 percentage points, +151.3% for SITM against +110.0% for SOXX. One caveat on sizing: SITM is 2.2 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.
SITM vs SOXX: side by side
| SITM (SiTime Corporation) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | +151.3% | +110.0% |
| 5-year return | +183.2% | +247.5% |
| Volatility (ann.) | 77.7% | 35.2% |
| Beta vs S&P 500 | 2.97 | 1.93 |
| Max drawdown (3Y) | -55.3% | -41.4% |
| Market cap | $18.0B | – |
| P/E (trailing) | 999.8 | – |
| Dividend yield | 0.00% | 0.29% |
| Expense ratio | – | 0.33% |
| Assets under management | – | $44.7B |
| Sector / category | US Listed | ETF · Thematic |
On the fund side, SOXX sits in the Technology category at iShares, with $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield.
Year-by-year returns
| Year | SITM | SOXX |
|---|---|---|
| 2022 | -65.3% | -35.1% |
| 2023 | +20.1% | +67.1% |
| 2024 | +75.7% | +12.9% |
| 2025 | +64.6% | +40.7% |
| 2026 | +69.8% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SITM and SOXX good diversifiers for each other?
Only partially. A correlation of 0.69 means SITM and SOXX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between SITM and SOXX?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.69 over the last year and 0.70 over 5 years.
Is SOXX a good diversifier for SITM?
Only partially. A correlation of 0.69 means SITM and SOXX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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/sitm-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sitm-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SITM correlations · SOXX correlations
