BRO vs ROP: Correlation
Measured on weekly returns over the past three years, Brown & Brown (BRO) and Roper Technologies (ROP) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRO and ROP?
Across a 3-year window, the weekly returns of BRO and ROP correlate at 0.55, moderate. Recent behaviour matches the longer record: 0.64 over 1 year against 0.55 over 3. Stretching to 5 years gives 0.58, with an annualized covariance of 277.2 %².
Within BRO's tracked universe of 35 assets, ROP comes in at #8 by 3-year correlation. The trailing year gives ROP the advantage: -25.0% versus -19.3%, a 5.7-point spread. The relationship is regime-dependent: the rolling one-year correlation swung between 0.18 and 0.70 over the past three years, so this pair behaves very differently depending on the market environment.
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.
BRO vs ROP: side by side
| BRO (Brown & Brown) | ROP (Roper Technologies) | |
|---|---|---|
| 1-year return | -25.0% | -19.3% |
| 5-year return | +27.5% | -9.6% |
| Volatility (ann.) | 24.4% | 20.5% |
| Beta vs S&P 500 | 0.39 | 0.55 |
| Max drawdown (3Y) | -55.8% | -46.5% |
| Market cap | $23.9B | $41.8B |
| P/E (trailing) | 23.3 | 17.6 |
| Dividend yield | 0.89% | 0.86% |
| Sector / category | Financials | Information Technology |
Year-by-year returns
| Year | BRO | ROP |
|---|---|---|
| 2022 | -18.4% | -11.6% |
| 2023 | +25.7% | +26.9% |
| 2024 | +44.3% | -4.1% |
| 2025 | -21.4% | -13.8% |
| 2026 | -9.7% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRO and ROP good diversifiers for each other?
Only partially. A correlation of 0.55 means BRO and ROP 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 BRO and ROP?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.64 over the last year and 0.58 over 5 years.
Is ROP a good diversifier for BRO?
Only partially. A correlation of 0.55 means BRO and ROP share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bro-vs-rop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bro-vs-rop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRO correlations · ROP correlations
