FISV vs ROP: Correlation
Measured on weekly returns over the past three years, Fiserv (FISV) and Roper Technologies (ROP) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FISV and ROP?
On 3 years of weekly data the FISV/ROP correlation comes out at 0.44, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.44 over 3. The 5-year figure is 0.48, and annualized covariance runs at 352.6 %².
Within FISV's tracked universe of 39 assets, ROP comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ROP outperformed by 42.6 percentage points (-61.9% for FISV against -19.3% for ROP). The rolling one-year correlation moved between 0.31 and 0.64 over the past three years, a moderate range. One caveat on sizing: FISV is 1.9 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.
FISV vs ROP: side by side
| FISV (Fiserv) | ROP (Roper Technologies) | |
|---|---|---|
| 1-year return | -61.9% | -19.3% |
| 5-year return | -55.0% | -9.6% |
| Volatility (ann.) | 39.2% | 20.5% |
| Beta vs S&P 500 | 0.58 | 0.55 |
| Max drawdown (3Y) | -80.2% | -46.5% |
| Market cap | $28.0B | $41.8B |
| P/E (trailing) | 10.1 | 17.6 |
| Dividend yield | 0.00% | 0.86% |
| Sector / category | Financials | Information Technology |
Year-by-year returns
| Year | FISV | ROP |
|---|---|---|
| 2022 | -2.6% | -11.6% |
| 2023 | +31.4% | +26.9% |
| 2024 | +54.6% | -4.1% |
| 2025 | -67.3% | -13.8% |
| 2026 | -21.7% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FISV and ROP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FISV and ROP?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.49 over the last year and 0.48 over 5 years.
Is ROP a good diversifier for FISV?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fisv-vs-rop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fisv-vs-rop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FISV correlations · ROP correlations
