ITGR vs ROP: Correlation
How closely do Integer Holdings Corporation (ITGR) and Roper Technologies (ROP) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ITGR and ROP?
On 3 years of weekly data the ITGR/ROP correlation comes out at 0.39, moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.39 over 3. The 5-year figure is 0.41, and annualized covariance runs at 270.1 %².
By 3-year correlation, ROP places #5 of the 14 assets tracked against ITGR. Their recent paths diverged sharply: over the last 12 months ITGR outperformed by 35.2 percentage points (+15.9% for ITGR against -19.3% for ROP). Note the risk asymmetry: ITGR runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ITGR vs ROP: side by side
| ITGR (Integer Holdings Corporation) | ROP (Roper Technologies) | |
|---|---|---|
| 1-year return | +15.9% | -19.3% |
| 5-year return | +28.7% | -9.6% |
| Volatility (ann.) | 33.7% | 20.5% |
| Beta vs S&P 500 | 0.56 | 0.55 |
| Max drawdown (3Y) | -56.1% | -46.5% |
| Market cap | $4.3B | $41.8B |
| P/E (trailing) | 34.2 | 17.6 |
| Dividend yield | 0.00% | 0.86% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ITGR | ROP |
|---|---|---|
| 2022 | -20.0% | -11.6% |
| 2023 | +44.7% | +26.9% |
| 2024 | +33.8% | -4.1% |
| 2025 | -40.8% | -13.8% |
| 2026 | +59.8% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ITGR and ROP good diversifiers for each other?
Reasonably. At 0.39, ITGR and ROP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ITGR and ROP?
The ITGR/ROP correlation stands at 0.39 on a 3-year window (1 year: 0.39, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is ROP a good diversifier for ITGR?
Reasonably. At 0.39, ITGR and ROP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/itgr-vs-rop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/itgr-vs-rop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ITGR correlations · ROP correlations
