SITM vs. UGA

Last updated Jun 4, 2026

SITM (SiTime Corporation) is a stock, while UGA (United States Gasoline Fund LP) is Oil & Gas fund tracking the Front Month Unleaded Gasoline. Over the past 5 years, SITM returned 48.10%/yr vs 25.10%/yr for UGA. At a 0.11 correlation, their price movements are largely independent.

Performance

SITM vs. UGA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SiTime Corporation (SITM) and United States Gasoline Fund LP (UGA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SITM achieves a 101.80% return, which is significantly higher than UGA's 75.49% return.

SITM

• 1D: 1.66%
• 1M: 26.22%
• YTD: 101.80%
• 6M: 105.70%
• 1Y: 246.85%
• 3Y*: 91.23%
• 5Y*: 48.10%
• 10Y*: —

UGA

• 1D: -0.19%
• 1M: -12.35%
• YTD: 75.49%
• 6M: 64.35%
• 1Y: 80.94%
• 3Y*: 22.21%
• 5Y*: 25.10%
• 10Y*: 14.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SITM vs. UGA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SITM SiTime Corporation	101.80%	64.63%	75.73%	20.13%	-65.26%	161.36%	338.94%	96.15%
UGA United States Gasoline Fund LP	75.49%	-2.00%	3.77%	1.27%	46.34%	68.49%	-24.88%	2.57%

Correlation

The correlation between SITM and UGA is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (All Time) Calculated using the full available price history since Nov 21, 2019	0.11

The correlation between SITM and UGA shifts across timeframes, from -0.13 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SITM vs. UGA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SITM

SITM Risk / Return Rank: 94
SITM Sharpe Ratio Rank: 95
SITM Sortino Ratio Rank: 91
SITM Omega Ratio Rank: 90
SITM Calmar Ratio Rank: 96
SITM Martin Ratio Rank: 95

UGA

UGA Risk / Return Rank: 69
UGA Sharpe Ratio Rank: 69
UGA Sortino Ratio Rank: 57
UGA Omega Ratio Rank: 60
UGA Calmar Ratio Rank: 89
UGA Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SITM vs. UGA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SiTime Corporation (SITM) and United States Gasoline Fund LP (UGA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SITM	UGA	Difference
Sharpe ratio: Return per unit of total volatility	3.30	2.32	+0.99
Sortino ratio: Return per unit of downside risk	3.44	2.75	+0.69
Omega ratio: Gain probability vs. loss probability	1.43	1.37	+0.06
Calmar ratio: Return relative to maximum drawdown	8.46	5.47	+2.99
Martin ratio: Return relative to average drawdown	20.44	13.25	+7.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SITM vs. UGA - Sharpe Ratio Comparison

The current SITM Sharpe Ratio is 3.30, which is higher than the UGA Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of SITM and UGA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SITM	UGA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.30	2.32	+0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.73	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.06	0.12	+0.94

Drawdowns

SITM vs. UGA - Drawdown Comparison

The maximum SITM drawdown since its inception was -78.12%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for SITM and UGA.

Drawdown Indicators

	SITM	UGA	Difference
Max Drawdown Largest peak-to-trough decline	-78.12%	-86.59%	+8.47%
Max Drawdown (1Y) Largest decline over 1 year	-29.39%	-14.88%	-14.51%
Max Drawdown (3Y) Largest decline over 3 years	-55.26%	-26.68%	-28.58%
Max Drawdown (5Y) Largest decline over 5 years	-78.12%	-38.11%	-40.01%
Max Drawdown (10Y) Largest decline over 10 years	—	-75.89%	—
Current Drawdown Current decline from peak	-20.94%	-12.35%	-8.59%
Average Drawdown Average peak-to-trough decline	-36.83%	-36.76%	-0.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.14%	6.13%	+6.01%

Volatility

SITM vs. UGA - Volatility Comparison

SiTime Corporation (SITM) has a higher volatility of 31.60% compared to United States Gasoline Fund LP (UGA) at 11.66%. This indicates that SITM's price experiences larger fluctuations and is considered to be riskier than UGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SITM	UGA	Difference
Volatility (1M) Calculated over the trailing 1-month period	31.60%	11.66%	+19.94%
Volatility (6M) Calculated over the trailing 6-month period	55.67%	30.41%	+25.26%
Volatility (1Y) Calculated over the trailing 1-year period	75.31%	35.14%	+40.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.15%	34.38%	+41.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.47%	37.27%	+43.20%

Dividends

SITM vs. UGA - Dividend Comparison

Neither SITM nor UGA has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SITM and UGA in my portfolio?

SITM and UGA have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SITM or UGA?

SITM has higher volatility (31.60%) compared to UGA (11.66%). In terms of maximum drawdown, SITM dropped -78.12% vs UGA's -86.59%.

Which has better risk-adjusted returns?

SITM currently has the higher Sharpe Ratio (3.30 vs 2.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.