PUMP vs ROP: Correlation
How closely do ProPetro Holding Corp. (PUMP) and Roper Technologies (ROP) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PUMP and ROP?
On 3 years of weekly data the PUMP/ROP correlation comes out at -0.25, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.49) runs below the 3-year figure (-0.25). The 5-year figure is -0.12, and annualized covariance runs at -329.0 %².
By 3-year correlation, ROP places #21 of the 28 assets tracked against PUMP. The last year tells two different stories: PUMP led by 147.5 percentage points, +128.2% for PUMP against -19.3% for ROP. Note the risk asymmetry: PUMP runs 3.2 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.
PUMP vs ROP: side by side
| PUMP (ProPetro Holding Corp.) | ROP (Roper Technologies) | |
|---|---|---|
| 1-year return | +128.2% | -19.3% |
| 5-year return | +45.4% | -9.6% |
| Volatility (ann.) | 65.1% | 20.5% |
| Beta vs S&P 500 | 0.73 | 0.55 |
| Max drawdown (3Y) | -59.1% | -46.5% |
| Market cap | $1.4B | $41.8B |
| P/E (trailing) | – | 17.6 |
| Dividend yield | 0.00% | 0.86% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | PUMP | ROP |
|---|---|---|
| 2022 | +28.0% | -11.6% |
| 2023 | -19.2% | +26.9% |
| 2024 | +11.3% | -4.1% |
| 2025 | +1.9% | -13.8% |
| 2026 | +17.6% | -4.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PUMP and ROP good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PUMP and ROP?
As of 2026-08-27, the correlation of weekly returns between PUMP and ROP is -0.25 over 3 years, -0.49 over 1 year and -0.12 over 5 years.
Is ROP a good diversifier for PUMP?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
A reading of -0.25 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/pump-vs-rop.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pump-vs-rop/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PUMP correlations · ROP correlations
