SITM vs SYNA: Correlation
SiTime Corporation (SITM) and Synaptics Incorporated (SYNA) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SITM and SYNA?
On 3 years of weekly data the SITM/SYNA correlation comes out at 0.66, strong. Little has changed lately, as the 1-year reading of 0.63 lands near the 3-year figure. The 5-year figure is 0.68, and annualized covariance runs at 2557.1 %².
Within SITM's tracked universe of 13 assets, SYNA comes in at #5 by 3-year correlation. The last year tells two different stories: SITM led by 113.5 percentage points, +151.3% for SITM against +37.8% for SYNA. 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.
SITM vs SYNA: side by side
| SITM (SiTime Corporation) | SYNA (Synaptics Incorporated) | |
|---|---|---|
| 1-year return | +151.3% | +37.8% |
| 5-year return | +183.2% | -48.2% |
| Volatility (ann.) | 77.7% | 49.6% |
| Beta vs S&P 500 | 2.97 | 2.15 |
| Max drawdown (3Y) | -55.3% | -64.2% |
| Market cap | $18.0B | $3.8B |
| P/E (trailing) | 999.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SITM | SYNA |
|---|---|---|
| 2022 | -65.3% | -67.1% |
| 2023 | +20.1% | +19.9% |
| 2024 | +75.7% | -33.1% |
| 2025 | +64.6% | -3.0% |
| 2026 | +69.8% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SITM and SYNA good diversifiers for each other?
Only partially. A correlation of 0.66 means SITM and SYNA 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 SYNA?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.63 over the last year and 0.68 over 5 years.
Is SYNA a good diversifier for SITM?
Only partially. A correlation of 0.66 means SITM and SYNA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: SITM correlations · SYNA correlations
