CBZ vs ROP: Correlation
CBIZ, Inc. (CBZ) and Roper Technologies (ROP) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBZ and ROP?
Across a 3-year window, the weekly returns of CBZ and ROP correlate at 0.57, moderate. Recent behaviour matches the longer record: 0.62 over 1 year against 0.57 over 3. Stretching to 5 years gives 0.53, with an annualized covariance of 523.2 %².
Within CBZ's tracked universe of 20 assets, ROP comes in at #6 by 3-year correlation. Twelve-month performance is nearly a tie, at -16.9% for CBZ and -19.3% for ROP. Risk is not evenly split, since CBZ carries 2.2 times the volatility of the other side.
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.
CBZ vs ROP: side by side
| CBZ (CBIZ, Inc.) | ROP (Roper Technologies) | |
|---|---|---|
| 1-year return | -16.9% | -19.3% |
| 5-year return | +61.7% | -9.6% |
| Volatility (ann.) | 44.6% | 20.5% |
| Beta vs S&P 500 | 1.02 | 0.55 |
| Max drawdown (3Y) | -71.6% | -46.5% |
| Market cap | $3.0B | $41.8B |
| P/E (trailing) | 26.3 | 17.6 |
| Dividend yield | 0.00% | 0.86% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | CBZ | ROP |
|---|---|---|
| 2022 | +19.8% | -11.6% |
| 2023 | +33.6% | +26.9% |
| 2024 | +30.7% | -4.1% |
| 2025 | -38.3% | -13.8% |
| 2026 | +8.4% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBZ and ROP good diversifiers for each other?
Only partially. A correlation of 0.57 means CBZ 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 CBZ and ROP?
As of 2026-08-27, the correlation of weekly returns between CBZ and ROP is 0.57 over 3 years, 0.62 over 1 year and 0.53 over 5 years.
Is ROP a good diversifier for CBZ?
Only partially. A correlation of 0.57 means CBZ 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 0.57 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cbz-vs-rop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cbz-vs-rop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBZ correlations · ROP correlations
