ROP vs. ^GSPC

Last updated Jun 4, 2026

ROP (Roper Technologies, Inc.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, ROP returned 7.45%/yr vs 13.66%/yr for ^GSPC. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

ROP vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roper Technologies, Inc. (ROP) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ROP achieves a -25.14% return, which is significantly lower than ^GSPC's 10.35% return. Over the past 10 years, ROP has underperformed ^GSPC with an annualized return of 7.45%, while ^GSPC has yielded a comparatively higher 13.66% annualized return.

ROP

• 1D: -1.43%
• 1M: -6.62%
• YTD: -25.14%
• 6M: -25.27%
• 1Y: -41.14%
• 3Y*: -9.68%
• 5Y*: -5.39%
• 10Y*: 7.45%

^GSPC

• 1D: -0.74%
• 1M: 4.90%
• YTD: 10.35%
• 6M: 10.28%
• 1Y: 26.52%
• 3Y*: 20.83%
• 5Y*: 12.30%
• 10Y*: 13.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ROP vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ROP Roper Technologies, Inc.	-25.14%	-13.85%	-4.11%	26.92%	-11.64%	14.69%	22.39%	33.66%	3.51%	42.39%
^GSPC S&P 500 Index	10.35%	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 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Feb 14, 1992	0.51

Over the past year, the correlation between ROP and ^GSPC has dropped to 0.18 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

Return for Risk

ROP vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ROP

ROP Risk / Return Rank: 2
ROP Sharpe Ratio Rank: 0
ROP Sortino Ratio Rank: 1
ROP Omega Ratio Rank: 1
ROP Calmar Ratio Rank: 5
ROP Martin Ratio Rank: 4

^GSPC

^GSPC Risk / Return Rank: 73
^GSPC Sharpe Ratio Rank: 71
^GSPC Sortino Ratio Rank: 71
^GSPC Omega Ratio Rank: 72
^GSPC Calmar Ratio Rank: 67
^GSPC Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	ROP	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-1.65	2.24	-3.89
Sortino ratio Return per unit of downside risk	-2.39	3.07	-5.46
Omega ratio Gain probability vs. loss probability	0.70	1.41	-0.71
Calmar ratio Return relative to maximum drawdown	-0.92	2.93	-3.85
Martin ratio Return relative to average drawdown	-1.56	13.52	-15.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ROP vs. ^GSPC - Sharpe Ratio Comparison

The current ROP Sharpe Ratio is -1.65, which is lower than the ^GSPC Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of ROP and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ROP	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.65	2.24	-3.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.25	0.73	-0.98
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.76	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.47	+0.02

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.

Drawdown Indicators

	ROP	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-58.94%	-56.78%	-2.16%
Max Drawdown (1Y) Largest decline over 1 year	-44.66%	-9.10%	-35.56%
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 Drawdown Current decline from peak	-43.63%	-0.74%	-42.89%
Average Drawdown Average peak-to-trough decline	-11.41%	-10.72%	-0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.37%	1.97%	+24.40%

Volatility

ROP vs. ^GSPC - Volatility Comparison

Roper Technologies, Inc. (ROP) has a higher volatility of 10.17% compared to S&P 500 Index (^GSPC) at 2.93%. 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.

Volatility by Period

	ROP	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.17%	2.93%	+7.24%
Volatility (6M) Calculated over the trailing 6-month period	21.61%	8.99%	+12.62%
Volatility (1Y) Calculated over the trailing 1-year period	25.06%	11.89%	+13.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.41%	16.90%	+4.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.35%	18.06%	+5.29%

Frequently Asked Questions

Can I hold both ROP and ^GSPC in my portfolio?

ROP and ^GSPC have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ROP or ^GSPC?

ROP has higher volatility (10.17%) compared to ^GSPC (2.93%). In terms of maximum drawdown, ROP dropped -58.94% vs ^GSPC's -56.78%.

Which has better risk-adjusted returns?

^GSPC currently has the higher Sharpe Ratio (2.24 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.