KD vs ROP: Correlation
Kyndryl Holdings, Inc. (KD) and Roper Technologies (ROP) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KD and ROP?
Across a 3-year window, the weekly returns of KD and ROP correlate at 0.55, moderate. The past 12 months show a tighter link (0.67) than the 3-year average (0.55). Stretching to 5 years gives 0.44, with an annualized covariance of 597.1 %².
ROP is one of the assets that tracks KD most closely: it ranks #2 out of the 27 assets we track against KD. The last year tells two different stories: ROP led by 38.7 percentage points, -58.0% for KD against -19.3% for ROP. Risk is not evenly split, since KD carries 2.6 times the volatility of the other side.
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.
KD vs ROP: side by side
| KD (Kyndryl Holdings, Inc.) | ROP (Roper Technologies) | |
|---|---|---|
| 1-year return | -58.0% | -19.3% |
| 5-year return | -67.5% | -9.6% |
| Volatility (ann.) | 53.4% | 20.5% |
| Beta vs S&P 500 | 1.59 | 0.55 |
| Max drawdown (3Y) | -75.6% | -46.5% |
| Market cap | $2.9B | $41.8B |
| P/E (trailing) | 34.0 | 17.6 |
| Dividend yield | 0.00% | 0.86% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | KD | ROP |
|---|---|---|
| 2022 | -38.6% | -11.6% |
| 2023 | +86.9% | +26.9% |
| 2024 | +66.5% | -4.1% |
| 2025 | -23.2% | -13.8% |
| 2026 | -50.1% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KD and ROP good diversifiers for each other?
Only partially. A correlation of 0.55 means KD 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 KD and ROP?
The KD/ROP correlation stands at 0.55 on a 3-year window (1 year: 0.67, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is ROP a good diversifier for KD?
Only partially. A correlation of 0.55 means KD 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 0.55 mean?
A reading of 0.55 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/kd-vs-rop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kd-vs-rop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KD correlations · ROP correlations
