CSL vs DOV: Correlation
Carlisle Companies Incorporated (CSL) and Dover Corporation (DOV) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSL and DOV?
On 3 years of weekly data the CSL/DOV correlation comes out at 0.70, strong. Little has changed lately, as the 1-year reading of 0.70 lands near the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 542.9 %².
In CSL's tracked universe of 19 assets, DOV sits right near the top at #2. The last year tells two different stories: DOV led by 18.0 percentage points, -6.4% for CSL against +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.
CSL vs DOV: side by side
| CSL (Carlisle Companies Incorporated) | DOV (Dover Corporation) | |
|---|---|---|
| 1-year return | -6.4% | +11.6% |
| 5-year return | +78.0% | +21.8% |
| Volatility (ann.) | 33.9% | 22.8% |
| Beta vs S&P 500 | 1.10 | 0.99 |
| Max drawdown (3Y) | -37.7% | -26.6% |
| Market cap | $14.3B | $27.2B |
| P/E (trailing) | 20.5 | 24.8 |
| Dividend yield | 1.20% | 1.02% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CSL | DOV |
|---|---|---|
| 2022 | -4.1% | -24.3% |
| 2023 | +34.3% | +15.2% |
| 2024 | +19.1% | +23.3% |
| 2025 | -12.3% | +5.2% |
| 2026 | +13.9% | +3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSL and DOV good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CSL and DOV?
As of 2026-08-27, the correlation of weekly returns between CSL and DOV is 0.70 over 3 years, 0.70 over 1 year and 0.61 over 5 years.
Is DOV a good diversifier for CSL?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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/csl-vs-dov.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/csl-vs-dov/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CSL correlations · DOV correlations
