AVO vs DOLE: Correlation
Measured on weekly returns over the past three years, Mission Produce, Inc. (AVO) and Dole plc (DOLE) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVO and DOLE?
Across a 3-year window, the weekly returns of AVO and DOLE correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.48 lands near the 3-year figure. Stretching to 5 years gives 0.30, with an annualized covariance of 368.1 %².
In AVO's tracked universe of 10 assets, DOLE sits right near the top at #3. On 12-month performance AVO holds a 5.8-point edge, +0.3% against -5.5%. Note the risk asymmetry: AVO runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AVO vs DOLE: side by side
| AVO (Mission Produce, Inc.) | DOLE (Dole plc) | |
|---|---|---|
| 1-year return | +0.3% | -5.5% |
| 5-year return | -38.9% | -3.9% |
| Volatility (ann.) | 37.0% | 24.2% |
| Beta vs S&P 500 | 0.40 | 0.28 |
| Max drawdown (3Y) | -34.1% | -27.7% |
| Market cap | $1.1B | $1.3B |
| P/E (trailing) | 40.4 | 18.5 |
| Dividend yield | 0.00% | 2.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVO | DOLE |
|---|---|---|
| 2022 | -26.0% | -25.3% |
| 2023 | -13.2% | +30.8% |
| 2024 | +42.4% | +12.8% |
| 2025 | -19.3% | +12.0% |
| 2026 | +7.9% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVO and DOLE good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVO and DOLE?
The AVO/DOLE correlation stands at 0.41 on a 3-year window (1 year: 0.48, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is DOLE a good diversifier for AVO?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avo-vs-dole.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/avo-vs-dole/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AVO correlations · DOLE correlations
