ROP vs SPGI: Correlation
Measured on weekly returns over the past three years, Roper Technologies (ROP) and S&P Global (SPGI) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROP and SPGI?
On 3 years of weekly data the ROP/SPGI correlation comes out at 0.55, moderate. The relationship has been stable: the 1-year correlation (0.53) sits close to the 3-year figure. The 5-year figure is 0.65, and annualized covariance runs at 279.4 %².
Within ROP's tracked universe of 47 assets, SPGI comes in at #18 by 3-year correlation. Their 12-month results are close: -19.3% for ROP against -15.6% for SPGI. Across three years, the rolling one-year figure varied moderately, from 0.42 to 0.78.
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.
ROP vs SPGI: side by side
| ROP (Roper Technologies) | SPGI (S&P Global) | |
|---|---|---|
| 1-year return | -19.3% | -15.6% |
| 5-year return | -9.6% | +8.1% |
| Volatility (ann.) | 20.5% | 24.7% |
| Beta vs S&P 500 | 0.55 | 0.86 |
| Max drawdown (3Y) | -46.5% | -30.5% |
| Market cap | $41.8B | $128.4B |
| P/E (trailing) | 17.6 | 26.6 |
| Dividend yield | 0.86% | 0.88% |
| Sector / category | Information Technology | Financials |
Year-by-year returns
| Year | ROP | SPGI |
|---|---|---|
| 2022 | -11.6% | -28.4% |
| 2023 | +26.9% | +32.8% |
| 2024 | -4.1% | +13.9% |
| 2025 | -13.8% | +5.7% |
| 2026 | -4.4% | -11.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ROP and SPGI good diversifiers for each other?
To a limited degree. At 0.55 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 ROP and SPGI?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.53 over the last year and 0.65 over 5 years.
Is SPGI a good diversifier for ROP?
To a limited degree. At 0.55 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 0.55 mean?
On the −1 to +1 scale, 0.55 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rop-vs-spgi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rop-vs-spgi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ROP correlations · SPGI correlations
