EXLS vs ROP: Correlation
ExlService Holdings, Inc. (EXLS) and Roper Technologies (ROP) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXLS and ROP?
Across a 3-year window, the weekly returns of EXLS and ROP correlate at 0.61, strong. Little has changed lately, as the 1-year reading of 0.65 lands near the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 393.8 %².
Among the 47 assets we track against EXLS, ROP ranks #8 by 3-year correlation. The trailing year gives EXLS the advantage: -13.4% versus -19.3%, a 5.9-point spread. One caveat on sizing: EXLS is 1.5 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.
EXLS vs ROP: side by side
| EXLS (ExlService Holdings, Inc.) | ROP (Roper Technologies) | |
|---|---|---|
| 1-year return | -13.4% | -19.3% |
| 5-year return | +55.2% | -9.6% |
| Volatility (ann.) | 31.7% | 20.5% |
| Beta vs S&P 500 | 0.77 | 0.55 |
| Max drawdown (3Y) | -51.3% | -46.5% |
| Market cap | $5.8B | $41.8B |
| P/E (trailing) | 23.7 | 17.6 |
| Dividend yield | 0.00% | 0.86% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | EXLS | ROP |
|---|---|---|
| 2022 | +17.0% | -11.6% |
| 2023 | -9.0% | +26.9% |
| 2024 | +43.9% | -4.1% |
| 2025 | -4.4% | -13.8% |
| 2026 | -10.0% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXLS and ROP good diversifiers for each other?
To a limited degree. At 0.61 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 EXLS and ROP?
The EXLS/ROP correlation stands at 0.61 on a 3-year window (1 year: 0.65, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is ROP a good diversifier for EXLS?
To a limited degree. At 0.61 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 0.61 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/exls-vs-rop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/exls-vs-rop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXLS correlations · ROP correlations
