DCI vs DOV: Correlation
Measured on weekly returns over the past three years, Donaldson Company, Inc. (DCI) and Dover Corporation (DOV) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCI and DOV?
Across a 3-year window, the weekly returns of DCI and DOV correlate at 0.65, strong. The past 12 months show a weaker link (0.50) than the 3-year average (0.65). Stretching to 5 years gives 0.70, with an annualized covariance of 312.3 %².
By 3-year correlation, DOV places #4 of the 15 assets tracked against DCI. Twelve-month performance is nearly a tie, at +14.0% for DCI 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.
DCI vs DOV: side by side
| DCI (Donaldson Company, Inc.) | DOV (Dover Corporation) | |
|---|---|---|
| 1-year return | +14.0% | +11.6% |
| 5-year return | +44.4% | +21.8% |
| Volatility (ann.) | 21.0% | 22.8% |
| Beta vs S&P 500 | 0.74 | 0.99 |
| Max drawdown (3Y) | -26.0% | -26.6% |
| Market cap | – | $27.2B |
| P/E (trailing) | 24.8 | 24.8 |
| Dividend yield | 1.30% | 1.02% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | DCI | DOV |
|---|---|---|
| 2022 | +1.0% | -24.3% |
| 2023 | +12.8% | +15.2% |
| 2024 | +4.6% | +23.3% |
| 2025 | +33.7% | +5.2% |
| 2026 | +5.3% | +3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCI and DOV good diversifiers for each other?
To a limited degree. At 0.65 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 DCI and DOV?
The DCI/DOV correlation stands at 0.65 on a 3-year window (1 year: 0.50, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is DOV a good diversifier for DCI?
To a limited degree. At 0.65 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 0.65 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/dci-vs-dov.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dci-vs-dov/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DCI correlations · DOV correlations
