CTSH vs ROP: Correlation
How closely do Cognizant (CTSH) 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 CTSH and ROP?
On 3 years of weekly data the CTSH/ROP correlation comes out at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. The 5-year figure is 0.56, and annualized covariance runs at 357.7 %².
Within CTSH's tracked universe of 44 assets, ROP comes in at #17 by 3-year correlation. On 12-month performance CTSH holds a 9.5-point edge, -9.8% against -19.3%. The rolling one-year correlation moved between 0.29 and 0.69 over the past three years, a moderate range. Risk is not evenly split, since CTSH carries 1.6 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.
CTSH vs ROP: side by side
| CTSH (Cognizant) | ROP (Roper Technologies) | |
|---|---|---|
| 1-year return | -9.8% | -19.3% |
| 5-year return | -9.6% | -9.6% |
| Volatility (ann.) | 32.3% | 20.5% |
| Beta vs S&P 500 | 0.89 | 0.55 |
| Max drawdown (3Y) | -56.1% | -46.5% |
| Market cap | $28.7B | $41.8B |
| P/E (trailing) | 13.3 | 17.6 |
| Dividend yield | 2.09% | 0.86% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | CTSH | ROP |
|---|---|---|
| 2022 | -34.5% | -11.6% |
| 2023 | +34.4% | +26.9% |
| 2024 | +3.5% | -4.1% |
| 2025 | +9.7% | -13.8% |
| 2026 | -21.8% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTSH 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 CTSH and ROP?
The CTSH/ROP correlation stands at 0.54 on a 3-year window (1 year: 0.51, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is ROP a good diversifier for CTSH?
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/ctsh-vs-rop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ctsh-vs-rop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTSH correlations · ROP correlations
