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 9.41%/yr vs 1.65%/yr for SHY. Their -0.15 correlation means they have often moved in opposite directions in the past.
Performance
ROP vs. SHY - Performance Comparison
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Returns By Period
In the year-to-date period, ROP achieves a -11.32% return, which is significantly lower than SHY's 0.76% return. Over the past 10 years, ROP has outperformed SHY with an annualized return of 9.41%, while SHY has yielded a comparatively lower 1.65% annualized return.
ROP
- 1D
- 0.70%
- 1M
- 7.89%
- 6M
- 6.12%
- YTD
- -11.32%
- 1Y
- -27.06%
- 3Y*
- -6.71%
- 5Y*
- -3.81%
- 10Y*
- 9.41%
- ALL TIME*
- 17.34%
SHY
- 1D
- -0.01%
- 1M
- 0.07%
- 6M
- 0.55%
- YTD
- 0.76%
- 1Y
- 2.53%
- 3Y*
- 4.19%
- 5Y*
- 1.78%
- 10Y*
- 1.65%
- ALL TIME*
- 1.95%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $372.67M | $328.64M | $381.16M | |
| $257.73M | $267.74M | $273.79M |
ROP vs. SHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ROP Roper Technologies, Inc. | -11.32% | -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 | 0.76% | 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 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 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.
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 | SHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.20 | ||
| Sortino ratioReturn per unit of downside risk | -4.82 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.45 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 3.43 | -4.10 |
| Martin ratioReturn relative to average drawdown | -1.02 | 13.40 | -14.42 |
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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 | -42.04% | -0.89% | -41.15% |
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 | -33.22% | -0.01% | -33.21% |
Average DrawdownAverage peak-to-trough decline | -11.54% | -0.52% | -11.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.12% | 0.23% | +27.89% |
Volatility
ROP vs. SHY - Volatility Comparison
Roper Technologies, Inc. (ROP) has a higher volatility of 13.55% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.38%. 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 | 13.55% | 0.38% | +13.17% |
Volatility (6M)Calculated over the trailing 6-month period | 23.40% | 1.07% | +22.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.73% | 1.38% | +27.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.28% | 2.00% | +20.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.65% | 1.57% | +22.08% |
Dividends
ROP vs. SHY - Dividend Comparison
ROP's dividend yield for the trailing twelve months is around 0.91%, less than SHY's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROP Roper Technologies, Inc. | 0.91% | 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 | 3.32% | 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 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ROP has higher volatility (13.55%) compared to SHY (0.38%). In terms of maximum drawdown, ROP dropped -58.94% vs SHY's -5.71%.
SHY currently has the higher Sharpe Ratio (2.21 vs -0.98), 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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