ROP vs VAL: Correlation
Measured on weekly returns over the past three years, Roper Technologies (ROP) and Valaris Limited (VAL) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ROP and VAL?
Over the past 3 years, ROP and VAL moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.55) than the 3-year average (-0.21). Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -224.6 %².
By 3-year correlation, VAL places #39 of the 47 assets tracked against ROP. The last year tells two different stories: VAL led by 92.6 percentage points, -19.3% for ROP against +73.3% for VAL. One caveat on sizing: VAL is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VAL: side by side
| ROP (Roper Technologies) | VAL (Valaris Limited) | |
|---|---|---|
| 1-year return | -19.3% | +73.3% |
| 5-year return | -9.6% | +200.2% |
| Volatility (ann.) | 20.5% | 52.9% |
| Beta vs S&P 500 | 0.55 | 0.77 |
| Max drawdown (3Y) | -46.5% | -63.8% |
| Market cap | $41.8B | $5.9B |
| P/E (trailing) | 17.6 | 6.3 |
| Dividend yield | 0.86% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | ROP | VAL |
|---|---|---|
| 2022 | -11.6% | +87.8% |
| 2023 | +26.9% | +1.4% |
| 2024 | -4.1% | -35.5% |
| 2025 | -13.8% | +13.9% |
| 2026 | -4.4% | +69.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ROP and VAL good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ROP and VAL?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.55 over the last year and -0.03 over 5 years.
Is VAL a good diversifier for ROP?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 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/rop-vs-val.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rop-vs-val/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ROP correlations · VAL correlations
