DMC vs DOLE: Correlation
Del Monte Corporation (DMC) and Dole plc (DOLE) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DMC and DOLE?
On 3 years of weekly data the DMC/DOLE correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.41) sits close to the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 263.6 %².
Few assets follow DMC as closely as DOLE, which ranks #1 of 17 tracked partners. Over the last 12 months DOLE came out ahead by 5.6 percentage points (-11.1% against -5.5%).
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.
DMC vs DOLE: side by side
| DMC (Del Monte Corporation) | DOLE (Dole plc) | |
|---|---|---|
| 1-year return | -11.1% | -5.5% |
| 5-year return | +13.3% | -3.9% |
| Volatility (ann.) | 25.4% | 24.2% |
| Beta vs S&P 500 | -0.11 | 0.28 |
| Max drawdown (3Y) | -36.5% | -27.7% |
| Market cap | $1.5B | $1.3B |
| P/E (trailing) | 44.2 | 18.5 |
| Dividend yield | 3.80% | 2.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DMC | DOLE |
|---|---|---|
| 2022 | -3.0% | -25.3% |
| 2023 | +3.1% | +30.8% |
| 2024 | +31.3% | +12.8% |
| 2025 | +11.1% | +12.0% |
| 2026 | -9.6% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DMC and DOLE good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DMC and DOLE?
The DMC/DOLE correlation stands at 0.43 on a 3-year window (1 year: 0.41, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is DOLE a good diversifier for DMC?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 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/dmc-vs-dole.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dmc-vs-dole/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DMC correlations · DOLE correlations
