ROP vs. SHY
ROP (Roper Technologies, Inc.) is a stock, while SHY (iShares 1-3 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Over the past 10 years, ROP returned 7.33%/yr vs 1.66%/yr for SHY. At a correlation of -0.15, they often move in opposite directions.
Performance
ROP vs. SHY - Performance Comparison
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Returns By Period
In the year-to-date period, ROP achieves a -25.12% return, which is significantly lower than SHY's 0.50% return. Over the past 10 years, ROP has outperformed SHY with an annualized return of 7.33%, while SHY has yielded a comparatively lower 1.66% annualized return.
ROP
- 1D
- 0.03%
- 1M
- -6.94%
- YTD
- -25.12%
- 6M
- -25.06%
- 1Y
- -41.13%
- 3Y*
- -9.41%
- 5Y*
- -5.38%
- 10Y*
- 7.33%
SHY
- 1D
- 0.07%
- 1M
- 0.10%
- YTD
- 0.50%
- 6M
- 0.84%
- 1Y
- 3.20%
- 3Y*
- 4.04%
- 5Y*
- 1.73%
- 10Y*
- 1.66%
ROP vs. SHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ROP Roper Technologies, Inc. | -25.12% | -13.85% | -4.11% | 26.92% | -11.64% | 14.69% | 22.39% | 33.66% | 3.51% | 42.39% |
SHY iShares 1-3 Year Treasury Bond ETF | 0.50% | 4.95% | 3.92% | 4.16% | -3.88% | -0.71% | 3.03% | 3.38% | 1.46% | 0.26% |
Correlation
The correlation between ROP and SHY is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2002 | -0.15 |
The correlation between ROP and SHY shifts across timeframes, from -0.15 (all time) to 0.14 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ROP vs. SHY — Risk / Return Rank
ROP
SHY
ROP vs. SHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roper Technologies, Inc. (ROP) and iShares 1-3 Year Treasury Bond ETF (SHY). 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 | SHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.07 | ||
| Sortino ratioReturn per unit of downside risk | -6.35 | ||
| Omega ratioGain probability vs. loss probability | 0.70 | 1.49 | -0.79 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 3.62 | -4.55 |
| Martin ratioReturn relative to average drawdown | -1.55 | 14.74 | -16.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ROP | SHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.65 | 2.42 | -4.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | 0.88 | -1.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 1.06 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 1.29 | -0.79 |
Drawdowns
ROP vs. SHY - Drawdown Comparison
The maximum ROP drawdown since its inception was -58.94%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for ROP and SHY.
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Drawdown Indicators
| ROP | SHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.94% | -5.71% | -53.23% |
Max Drawdown (1Y)Largest decline over 1 year | -44.66% | -0.89% | -43.77% |
Max Drawdown (3Y)Largest decline over 3 years | -46.51% | -0.97% | -45.54% |
Max Drawdown (5Y)Largest decline over 5 years | -46.51% | -5.71% | -40.80% |
Max Drawdown (10Y)Largest decline over 10 years | -46.51% | -5.71% | -40.80% |
Current DrawdownCurrent decline from peak | -43.61% | -0.23% | -43.38% |
Average DrawdownAverage peak-to-trough decline | -11.41% | -0.52% | -10.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.50% | 0.22% | +26.28% |
Volatility
ROP vs. SHY - Volatility Comparison
Roper Technologies, Inc. (ROP) has a higher volatility of 10.15% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.35%. This indicates that ROP's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROP | SHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.15% | 0.35% | +9.80% |
Volatility (6M)Calculated over the trailing 6-month period | 21.61% | 0.93% | +20.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.06% | 1.34% | +23.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.40% | 1.98% | +19.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.35% | 1.57% | +21.78% |
Dividends
ROP vs. SHY - Dividend Comparison
ROP's dividend yield for the trailing twelve months is around 1.05%, less than SHY's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROP Roper Technologies, Inc. | 1.05% | 0.74% | 0.58% | 0.50% | 0.57% | 0.46% | 0.48% | 0.52% | 0.62% | 0.54% | 0.66% | 0.53% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.68% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
Frequently Asked Questions
ROP and SHY have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROP has higher volatility (10.15%) compared to SHY (0.35%). In terms of maximum drawdown, ROP dropped -58.94% vs SHY's -5.71%.
SHY currently has the higher Sharpe Ratio (2.42 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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