FDS vs ROP: Correlation
FactSet (FDS) 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 FDS and ROP?
On 3 years of weekly data the FDS/ROP correlation comes out at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 371.6 %².
Within FDS's tracked universe of 32 assets, ROP comes in at #9 by 3-year correlation. Twelve-month performance is nearly a tie, at -18.6% for FDS and -19.3% for ROP. The link looks structural: the rolling one-year correlation barely moved, holding between 0.38 and 0.59. One caveat on sizing: FDS is 1.6 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.
FDS vs ROP: side by side
| FDS (FactSet) | ROP (Roper Technologies) | |
|---|---|---|
| 1-year return | -18.6% | -19.3% |
| 5-year return | -15.8% | -9.6% |
| Volatility (ann.) | 31.9% | 20.5% |
| Beta vs S&P 500 | 0.56 | 0.55 |
| Max drawdown (3Y) | -61.1% | -46.5% |
| Market cap | $10.8B | $41.8B |
| P/E (trailing) | 19.5 | 17.6 |
| Dividend yield | 1.51% | 0.86% |
| Sector / category | Financials | Information Technology |
Year-by-year returns
| Year | FDS | ROP |
|---|---|---|
| 2022 | -16.7% | -11.6% |
| 2023 | +20.0% | +26.9% |
| 2024 | +1.6% | -4.1% |
| 2025 | -38.9% | -13.8% |
| 2026 | +6.0% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FDS and ROP good diversifiers for each other?
To a limited degree. At 0.57 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 FDS and ROP?
As of 2026-08-27, the correlation of weekly returns between FDS and ROP is 0.57 over 3 years, 0.59 over 1 year and 0.57 over 5 years.
Is ROP a good diversifier for FDS?
To a limited degree. At 0.57 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 0.57 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/fds-vs-rop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fds-vs-rop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FDS correlations · ROP correlations
