AME vs DOV: Correlation
Ametek (AME) and Dover Corporation (DOV) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AME and DOV?
Across a 3-year window, the weekly returns of AME and DOV correlate at 0.64, strong. The past 12 months show a weaker link (0.49) than the 3-year average (0.64). Stretching to 5 years gives 0.68, with an annualized covariance of 296.2 %².
By 3-year correlation, DOV places #6 of the 31 assets tracked against AME. The last year tells two different stories: AME led by 19.8 percentage points, +31.4% for AME against +11.6% for DOV. On a rolling one-year basis the correlation drifted between 0.49 and 0.82, a moderate band.
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.
AME vs DOV: side by side
| AME (Ametek) | DOV (Dover Corporation) | |
|---|---|---|
| 1-year return | +31.4% | +11.6% |
| 5-year return | +83.6% | +21.8% |
| Volatility (ann.) | 20.4% | 22.8% |
| Beta vs S&P 500 | 0.84 | 0.99 |
| Max drawdown (3Y) | -23.0% | -26.6% |
| Market cap | $55.9B | $27.2B |
| P/E (trailing) | 35.8 | 24.8 |
| Dividend yield | 0.53% | 1.02% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | AME | DOV |
|---|---|---|
| 2022 | -4.3% | -24.3% |
| 2023 | +18.8% | +15.2% |
| 2024 | +10.0% | +23.3% |
| 2025 | +14.7% | +5.2% |
| 2026 | +19.1% | +3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AME and DOV good diversifiers for each other?
Only partially. A correlation of 0.64 means AME and DOV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AME and DOV?
As of 2026-08-27, the correlation of weekly returns between AME and DOV is 0.64 over 3 years, 0.49 over 1 year and 0.68 over 5 years.
Is DOV a good diversifier for AME?
Only partially. A correlation of 0.64 means AME and DOV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 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/ame-vs-dov.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ame-vs-dov/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AME correlations · DOV correlations
