JKHY vs ROP: Correlation
Jack Henry & Associates (JKHY) and Roper Technologies (ROP) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JKHY and ROP?
On 3 years of weekly data the JKHY/ROP correlation comes out at 0.54, moderate. The past 12 months show a tighter link (0.69) than the 3-year average (0.54). The 5-year figure is 0.51, and annualized covariance runs at 256.2 %².
Few assets follow JKHY as closely as ROP, which ranks #2 of 33 tracked partners. Correlation aside, the last 12 months split them widely, with JKHY ahead by 25.1 points (+5.8% versus -19.3%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.15 to 0.69.
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.
JKHY vs ROP: side by side
| JKHY (Jack Henry & Associates) | ROP (Roper Technologies) | |
|---|---|---|
| 1-year return | +5.8% | -19.3% |
| 5-year return | +2.6% | -9.6% |
| Volatility (ann.) | 23.0% | 20.5% |
| Beta vs S&P 500 | 0.21 | 0.55 |
| Max drawdown (3Y) | -35.4% | -46.5% |
| Market cap | $12.1B | $41.8B |
| P/E (trailing) | 24.7 | 17.6 |
| Dividend yield | 1.38% | 0.86% |
| Sector / category | Financials | Information Technology |
Year-by-year returns
| Year | JKHY | ROP |
|---|---|---|
| 2022 | +6.2% | -11.6% |
| 2023 | -5.7% | +26.9% |
| 2024 | +8.7% | -4.1% |
| 2025 | +5.5% | -13.8% |
| 2026 | -6.3% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JKHY and ROP good diversifiers for each other?
Only partially. A correlation of 0.54 means JKHY 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 JKHY and ROP?
As of 2026-08-27, the correlation of weekly returns between JKHY and ROP is 0.54 over 3 years, 0.69 over 1 year and 0.51 over 5 years.
Is ROP a good diversifier for JKHY?
Only partially. A correlation of 0.54 means JKHY 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 0.54 mean?
A reading of 0.54 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/jkhy-vs-rop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/jkhy-vs-rop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JKHY correlations · ROP correlations
