CNXC vs ROP: Correlation
Measured on weekly returns over the past three years, Concentrix Corporation (CNXC) and Roper Technologies (ROP) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNXC and ROP?
Over the past 3 years, CNXC and ROP moved with a correlation of 0.48, which is moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.48 over 3. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 517.5 %².
Among the 11 assets we track against CNXC, ROP ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ROP outperformed by 22.6 percentage points (-41.9% for CNXC against -19.3% for ROP). One caveat on sizing: CNXC is 2.6 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.
CNXC vs ROP: side by side
| CNXC (Concentrix Corporation) | ROP (Roper Technologies) | |
|---|---|---|
| 1-year return | -41.9% | -19.3% |
| 5-year return | -81.9% | -9.6% |
| Volatility (ann.) | 52.6% | 20.5% |
| Beta vs S&P 500 | 1.27 | 0.55 |
| Max drawdown (3Y) | -78.5% | -46.5% |
| Market cap | $1.7B | $41.8B |
| P/E (trailing) | – | 17.6 |
| Dividend yield | 5.07% | 0.86% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | CNXC | ROP |
|---|---|---|
| 2022 | -24.9% | -11.6% |
| 2023 | -25.4% | +26.9% |
| 2024 | -55.0% | -4.1% |
| 2025 | -1.4% | -13.8% |
| 2026 | -29.6% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNXC and ROP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CNXC and ROP?
As of 2026-08-27, the correlation of weekly returns between CNXC and ROP is 0.48 over 3 years, 0.56 over 1 year and 0.44 over 5 years.
Is ROP a good diversifier for CNXC?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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/cnxc-vs-rop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cnxc-vs-rop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNXC correlations · ROP correlations
