FIS vs ROP: Correlation
How closely do Fidelity National Information Services (FIS) and Roper Technologies (ROP) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIS and ROP?
On 3 years of weekly data the FIS/ROP correlation comes out at 0.57, moderate. The past 12 months show a tighter link (0.74) than the 3-year average (0.57). The 5-year figure is 0.50, and annualized covariance runs at 315.0 %².
ROP is one of the assets that tracks FIS most closely: it ranks #1 out of the 33 assets we track against FIS. Their recent paths diverged sharply: over the last 12 months ROP outperformed by 20.7 percentage points (-40.0% for FIS against -19.3% for ROP). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.12 to 0.79.
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.
FIS vs ROP: side by side
| FIS (Fidelity National Information Services) | ROP (Roper Technologies) | |
|---|---|---|
| 1-year return | -40.0% | -19.3% |
| 5-year return | -63.9% | -9.6% |
| Volatility (ann.) | 27.2% | 20.5% |
| Beta vs S&P 500 | 0.57 | 0.55 |
| Max drawdown (3Y) | -56.5% | -46.5% |
| Market cap | $20.9B | $41.8B |
| P/E (trailing) | 6.2 | 17.6 |
| Dividend yield | 4.13% | 0.86% |
| Sector / category | Financials | Information Technology |
Year-by-year returns
| Year | FIS | ROP |
|---|---|---|
| 2022 | -36.5% | -11.6% |
| 2023 | -8.2% | +26.9% |
| 2024 | +37.0% | -4.1% |
| 2025 | -15.8% | -13.8% |
| 2026 | -37.8% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIS and ROP good diversifiers for each other?
Only partially. A correlation of 0.57 means FIS 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 FIS and ROP?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.74 over the last year and 0.50 over 5 years.
Is ROP a good diversifier for FIS?
Only partially. A correlation of 0.57 means FIS 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?
On the −1 to +1 scale, 0.57 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/fis-vs-rop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fis-vs-rop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FIS correlations · ROP correlations
