GIB vs ROP: Correlation
How closely do CGI Inc. (GIB) 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 GIB and ROP?
On 3 years of weekly data the GIB/ROP correlation comes out at 0.57, moderate. Recent behaviour matches the longer record: 0.62 over 1 year against 0.57 over 3. The 5-year figure is 0.58, and annualized covariance runs at 272.4 %².
Among the 25 assets we track against GIB, ROP ranks #7 by 3-year correlation. Neither side won the trailing year by much: -22.4% against -19.3%.
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.
GIB vs ROP: side by side
| GIB (CGI Inc.) | ROP (Roper Technologies) | |
|---|---|---|
| 1-year return | -22.4% | -19.3% |
| 5-year return | -16.0% | -9.6% |
| Volatility (ann.) | 23.3% | 20.5% |
| Beta vs S&P 500 | 0.57 | 0.55 |
| Max drawdown (3Y) | -49.6% | -46.5% |
| Market cap | $15.4B | $41.8B |
| P/E (trailing) | 12.6 | 17.6 |
| Dividend yield | 0.90% | 0.86% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | GIB | ROP |
|---|---|---|
| 2022 | -2.7% | -11.6% |
| 2023 | +24.5% | +26.9% |
| 2024 | +2.1% | -4.1% |
| 2025 | -15.3% | -13.8% |
| 2026 | -18.8% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIB 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 GIB and ROP?
As of 2026-08-27, the correlation of weekly returns between GIB and ROP is 0.57 over 3 years, 0.62 over 1 year and 0.58 over 5 years.
Is ROP a good diversifier for GIB?
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?
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/gib-vs-rop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gib-vs-rop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GIB correlations · ROP correlations
