ROP vs. ^GSPC
ROP (Roper Technologies, Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, ROP returned 7.66%/yr vs 13.71%/yr for ^GSPC. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
ROP vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, ROP achieves a -25.63% return, which is significantly lower than ^GSPC's 7.60% return. Over the past 10 years, ROP has underperformed ^GSPC with an annualized return of 7.66%, while ^GSPC has yielded a comparatively higher 13.71% annualized return.
ROP
- 1D
- 1.37%
- 1M
- 0.80%
- YTD
- -25.63%
- 6M
- -26.32%
- 1Y
- -41.35%
- 3Y*
- -10.00%
- 5Y*
- -5.95%
- 10Y*
- 7.66%
^GSPC
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
ROP vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ROP Roper Technologies, Inc. | -25.63% | -13.85% | -4.11% | 26.92% | -11.64% | 14.69% | 22.39% | 33.66% | 3.51% | 42.39% |
^GSPC S&P 500 Index | 7.60% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between ROP and ^GSPC is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 1992 | 0.50 |
Over the past year, the correlation between ROP and ^GSPC has dropped to 0.15 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
ROP vs. ^GSPC — Risk / Return Rank
ROP
^GSPC
ROP vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roper Technologies, Inc. (ROP) and S&P 500 Index (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ROP | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.43 | ||
| Sortino ratioReturn per unit of downside risk | -4.83 | ||
| Omega ratioGain probability vs. loss probability | 0.70 | 1.32 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | 2.46 | -3.38 |
| Martin ratioReturn relative to average drawdown | -1.48 | 10.92 | -12.40 |
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Drawdowns
ROP vs. ^GSPC - Drawdown Comparison
The maximum ROP drawdown since its inception was -58.94%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ROP and ^GSPC.
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Drawdown Indicators
| ROP | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.94% | -56.78% | -2.16% |
Max Drawdown (1Y)Largest decline over 1 year | -44.65% | -9.10% | -35.55% |
Max Drawdown (3Y)Largest decline over 3 years | -46.51% | -18.90% | -27.61% |
Max Drawdown (5Y)Largest decline over 5 years | -46.51% | -25.43% | -21.08% |
Max Drawdown (10Y)Largest decline over 10 years | -46.51% | -33.92% | -12.59% |
Current DrawdownCurrent decline from peak | -43.99% | -3.21% | -40.78% |
Average DrawdownAverage peak-to-trough decline | -11.46% | -10.71% | -0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.00% | 2.04% | +25.96% |
Volatility
ROP vs. ^GSPC - Volatility Comparison
Roper Technologies, Inc. (ROP) has a higher volatility of 8.07% compared to S&P 500 Index (^GSPC) at 4.89%. This indicates that ROP's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROP | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.07% | 4.89% | +3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 21.72% | 9.93% | +11.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.15% | 12.57% | +12.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.41% | 17.00% | +4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.34% | 18.08% | +5.26% |
Frequently Asked Questions
ROP and ^GSPC have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROP has higher volatility (8.07%) compared to ^GSPC (4.89%). In terms of maximum drawdown, ROP dropped -58.94% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.78 vs -1.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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