DFNS vs DOV: Correlation
Measured on weekly returns over the past three years, T3 Defense Inc. (DFNS) and Dover Corporation (DOV) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DFNS and DOV?
On 3 years of weekly data the DFNS/DOV correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.26 over 1 year against -0.18 over 3. The 5-year figure is -0.13, and annualized covariance runs at -25596.1 %².
By 3-year correlation, DOV places #14 of the 44 assets tracked against DFNS. The last year tells two different stories: DFNS led by 181.9 percentage points, +193.5% for DFNS against +11.6% for DOV. Risk is not evenly split, since DFNS carries 269.1 times the volatility of the other side.
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.
DFNS vs DOV: side by side
| DFNS (T3 Defense Inc.) | DOV (Dover Corporation) | |
|---|---|---|
| 1-year return | +193.5% | +11.6% |
| 5-year return | -77.9% | +21.8% |
| Volatility (ann.) | 6136.1% | 22.8% |
| Beta vs S&P 500 | -23.33 | 0.99 |
| Max drawdown (3Y) | -99.9% | -26.6% |
| Market cap | – | $27.2B |
| P/E (trailing) | – | 24.8 |
| Dividend yield | 0.00% | 1.02% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | DFNS | DOV |
|---|---|---|
| 2022 | +5.0% | -24.3% |
| 2023 | -62.5% | +15.2% |
| 2024 | +59.9% | +23.3% |
| 2025 | -89.0% | +5.2% |
| 2026 | +215.4% | +3.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DFNS and DOV good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between DFNS and DOV?
The DFNS/DOV correlation stands at -0.18 on a 3-year window (1 year: -0.26, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is DOV a good diversifier for DFNS?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: DFNS correlations · DOV correlations
