DE vs DOV: Correlation
How closely do Deere & Company (DE) and Dover Corporation (DOV) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DE and DOV?
Across a 3-year window, the weekly returns of DE and DOV correlate at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. Stretching to 5 years gives 0.47, with an annualized covariance of 300.4 %².
Among the 33 assets we track against DE, DOV ranks #20 by 3-year correlation. The last year tells two different stories: DE led by 16.3 percentage points, +27.9% for DE against +11.6% for DOV. The rolling one-year correlation moved between 0.36 and 0.73 over the past three years, a moderate range.
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.
DE vs DOV: side by side
| DE (Deere & Company) | DOV (Dover Corporation) | |
|---|---|---|
| 1-year return | +27.9% | +11.6% |
| 5-year return | +74.5% | +21.8% |
| Volatility (ann.) | 26.7% | 22.8% |
| Beta vs S&P 500 | 0.65 | 0.99 |
| Max drawdown (3Y) | -19.9% | -26.6% |
| Market cap | $168.1B | $27.2B |
| P/E (trailing) | 35.2 | 24.8 |
| Dividend yield | 1.02% | 1.02% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | DE | DOV |
|---|---|---|
| 2022 | +26.6% | -24.3% |
| 2023 | -5.5% | +15.2% |
| 2024 | +7.6% | +23.3% |
| 2025 | +11.4% | +5.2% |
| 2026 | +34.5% | +3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DE and DOV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DE and DOV?
The DE/DOV correlation stands at 0.49 on a 3-year window (1 year: 0.41, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is DOV a good diversifier for DE?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/de-vs-dov.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/de-vs-dov/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DE correlations · DOV correlations
