PRGS vs ROP: Correlation
How closely do Progress Software Corporation (PRGS) and Roper Technologies (ROP) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRGS and ROP?
Across a 3-year window, the weekly returns of PRGS and ROP correlate at 0.44, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.57 versus 0.44 over 3 years. Stretching to 5 years gives 0.44, with an annualized covariance of 346.1 %².
Few assets follow PRGS as closely as ROP, which ranks #2 of 14 tracked partners. The last year tells two different stories: PRGS led by 15.8 percentage points, -3.5% for PRGS against -19.3% for ROP. Note the risk asymmetry: PRGS runs 1.9 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.
PRGS vs ROP: side by side
| PRGS (Progress Software Corporation) | ROP (Roper Technologies) | |
|---|---|---|
| 1-year return | -3.5% | -19.3% |
| 5-year return | +1.2% | -9.6% |
| Volatility (ann.) | 38.3% | 20.5% |
| Beta vs S&P 500 | 0.62 | 0.55 |
| Max drawdown (3Y) | -64.1% | -46.5% |
| Market cap | $1.9B | $41.8B |
| P/E (trailing) | 22.0 | 17.6 |
| Dividend yield | 0.00% | 0.86% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | PRGS | ROP |
|---|---|---|
| 2022 | +6.0% | -11.6% |
| 2023 | +8.9% | +26.9% |
| 2024 | +21.2% | -4.1% |
| 2025 | -34.1% | -13.8% |
| 2026 | +5.3% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRGS and ROP good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PRGS and ROP?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.57 over the last year and 0.44 over 5 years.
Is ROP a good diversifier for PRGS?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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/prgs-vs-rop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/prgs-vs-rop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PRGS correlations · ROP correlations
