MCO vs ROP: Correlation
Moody's Corporation (MCO) and Roper Technologies (ROP) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MCO and ROP?
Over the past 3 years, MCO and ROP moved with a correlation of 0.59, which is moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.59 over 3. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 313.4 %².
Among the 53 assets we track against MCO, ROP ranks #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MCO ahead by 20.0 points (+0.7% versus -19.3%). On a rolling one-year basis the correlation drifted between 0.49 and 0.79, a moderate band.
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.
MCO vs ROP: side by side
| MCO (Moody's Corporation) | ROP (Roper Technologies) | |
|---|---|---|
| 1-year return | +0.7% | -19.3% |
| 5-year return | +39.4% | -9.6% |
| Volatility (ann.) | 25.8% | 20.5% |
| Beta vs S&P 500 | 1.08 | 0.55 |
| Max drawdown (3Y) | -24.7% | -46.5% |
| Market cap | $88.2B | $41.8B |
| P/E (trailing) | 32.7 | 17.6 |
| Dividend yield | 0.77% | 0.86% |
| Sector / category | Financials | Information Technology |
Year-by-year returns
| Year | MCO | ROP |
|---|---|---|
| 2022 | -28.0% | -11.6% |
| 2023 | +41.5% | +26.9% |
| 2024 | +22.2% | -4.1% |
| 2025 | +8.7% | -13.8% |
| 2026 | +0.3% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MCO and ROP good diversifiers for each other?
To a limited degree. At 0.59 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 MCO and ROP?
The MCO/ROP correlation stands at 0.59 on a 3-year window (1 year: 0.56, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is ROP a good diversifier for MCO?
To a limited degree. At 0.59 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 0.59 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/mco-vs-rop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mco-vs-rop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MCO correlations · ROP correlations
