CR vs DOV: Correlation
Crane Company (CR) 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 CR and DOV?
Across a 3-year window, the weekly returns of CR and DOV correlate at 0.64, strong. Lately the two have drifted apart, with the 1-year correlation at 0.51 versus 0.64 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 451.2 %².
By 3-year correlation, DOV places #5 of the 17 assets tracked against CR. Twelve-month performance is nearly a tie, at +8.4% for CR and +11.6% for DOV.
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.
CR vs DOV: side by side
| CR (Crane Company) | DOV (Dover Corporation) | |
|---|---|---|
| 1-year return | +8.4% | +11.6% |
| 5-year return | n/a | +21.8% |
| Volatility (ann.) | 31.2% | 22.8% |
| Beta vs S&P 500 | 1.13 | 0.99 |
| Max drawdown (3Y) | -28.0% | -26.6% |
| Market cap | $12.1B | $27.2B |
| P/E (trailing) | 36.6 | 24.8 |
| Dividend yield | 0.46% | 1.02% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CR | DOV |
|---|---|---|
| 2022 | – | -24.3% |
| 2023 | – | +15.2% |
| 2024 | +29.2% | +23.3% |
| 2025 | +22.2% | +5.2% |
| 2026 | +13.6% | +3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CR and DOV good diversifiers for each other?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CR and DOV?
The CR/DOV correlation stands at 0.64 on a 3-year window (1 year: 0.51, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is DOV a good diversifier for CR?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
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/cr-vs-dov.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cr-vs-dov/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CR correlations · DOV correlations
