ADSK vs ROP: Correlation
How closely do Autodesk (ADSK) and Roper Technologies (ROP) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and ROP?
Over the past 3 years, ADSK and ROP moved with a correlation of 0.54, which is moderate. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 344.0 %².
Among the 44 assets we track against ADSK, ROP ranks #23 by 3-year correlation. The trailing year gives ADSK the advantage: -5.4% versus -19.3%, a 13.9-point spread. The link looks structural: the rolling one-year correlation barely moved, holding between 0.37 and 0.60. Note the risk asymmetry: ADSK runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ADSK vs ROP: side by side
| ADSK (Autodesk) | ROP (Roper Technologies) | |
|---|---|---|
| 1-year return | -5.4% | -19.3% |
| 5-year return | -13.7% | -9.6% |
| Volatility (ann.) | 30.9% | 20.5% |
| Beta vs S&P 500 | 1.04 | 0.55 |
| Max drawdown (3Y) | -42.6% | -46.5% |
| Market cap | $57.1B | $41.8B |
| P/E (trailing) | 37.2 | 17.6 |
| Dividend yield | 0.00% | 0.86% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ADSK | ROP |
|---|---|---|
| 2022 | -33.5% | -11.6% |
| 2023 | +30.3% | +26.9% |
| 2024 | +21.4% | -4.1% |
| 2025 | +0.1% | -13.8% |
| 2026 | -8.6% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADSK and ROP good diversifiers for each other?
To a limited degree. At 0.54 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 ADSK and ROP?
The ADSK/ROP correlation stands at 0.54 on a 3-year window (1 year: 0.59, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is ROP a good diversifier for ADSK?
To a limited degree. At 0.54 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 0.54 mean?
On the −1 to +1 scale, 0.54 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/adsk-vs-rop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adsk-vs-rop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADSK correlations · ROP correlations
