MA vs ROP: Correlation
Measured on weekly returns over the past three years, Mastercard (MA) and Roper Technologies (ROP) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MA and ROP?
Over the past 3 years, MA and ROP moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 226.7 %².
Within MA's tracked universe of 46 assets, ROP comes in at #17 by 3-year correlation. The last year tells two different stories: MA led by 20.1 percentage points, +0.8% for MA against -19.3% for ROP. The rolling one-year correlation moved between 0.41 and 0.79 over the past three years, a moderate range.
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.
MA vs ROP: side by side
| MA (Mastercard) | ROP (Roper Technologies) | |
|---|---|---|
| 1-year return | +0.8% | -19.3% |
| 5-year return | +72.6% | -9.6% |
| Volatility (ann.) | 19.3% | 20.5% |
| Beta vs S&P 500 | 0.77 | 0.55 |
| Max drawdown (3Y) | -20.9% | -46.5% |
| Market cap | $518.4B | $41.8B |
| P/E (trailing) | 32.9 | 17.6 |
| Dividend yield | 0.56% | 0.86% |
| Sector / category | Financials | Information Technology |
Year-by-year returns
| Year | MA | ROP |
|---|---|---|
| 2022 | -2.7% | -11.6% |
| 2023 | +23.4% | +26.9% |
| 2024 | +24.2% | -4.1% |
| 2025 | +9.0% | -13.8% |
| 2026 | +4.2% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MA and ROP good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MA and ROP?
As of 2026-08-27, the correlation of weekly returns between MA and ROP is 0.57 over 3 years, 0.54 over 1 year and 0.59 over 5 years.
Is ROP a good diversifier for MA?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ma-vs-rop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ma-vs-rop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MA correlations · ROP correlations
