ROP vs V: Correlation
How closely do Roper Technologies (ROP) and Visa Inc. (V) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROP and V?
On 3 years of weekly data the ROP/V correlation comes out at 0.58, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.58 over 3. The 5-year figure is 0.59, and annualized covariance runs at 226.8 %².
Among the 47 assets we track against ROP, V ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months V outperformed by 28.5 percentage points (-19.3% for ROP against +9.2% for V). The rolling one-year correlation moved between 0.41 and 0.75 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.
ROP vs V: side by side
| ROP (Roper Technologies) | V (Visa Inc.) | |
|---|---|---|
| 1-year return | -19.3% | +9.2% |
| 5-year return | -9.6% | +70.5% |
| Volatility (ann.) | 20.5% | 19.1% |
| Beta vs S&P 500 | 0.55 | 0.72 |
| Max drawdown (3Y) | -46.5% | -20.4% |
| Market cap | $41.8B | $708.8B |
| P/E (trailing) | 17.6 | 32.7 |
| Dividend yield | 0.86% | 0.70% |
| Sector / category | Information Technology | Financials |
Year-by-year returns
| Year | ROP | V |
|---|---|---|
| 2022 | -11.6% | -3.4% |
| 2023 | +26.9% | +26.3% |
| 2024 | -4.1% | +22.3% |
| 2025 | -13.8% | +11.8% |
| 2026 | -4.4% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ROP and V good diversifiers for each other?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ROP and V?
The ROP/V correlation stands at 0.58 on a 3-year window (1 year: 0.54, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is V a good diversifier for ROP?
Somewhat, no more. With 0.58 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.58 mean?
A reading of 0.58 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ROP correlations · V correlations
