DOV vs EMR: Correlation
How closely do Dover Corporation (DOV) and Emerson Electric (EMR) trade together? Their weekly returns over three years give a correlation of 0.65, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and EMR?
On 3 years of weekly data the DOV/EMR correlation comes out at 0.65, strong. Lately the two have drifted apart, with the 1-year correlation at 0.45 versus 0.65 over 3 years. The 5-year figure is 0.67, and annualized covariance runs at 417.9 %².
Among the 78 assets we track against DOV, EMR ranks #21 by 3-year correlation. The trailing year gives EMR the advantage: +11.6% versus +20.0%, a 8.4-point spread. On a rolling one-year basis the correlation drifted between 0.45 and 0.84, a moderate band.
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.
DOV vs EMR: side by side
| DOV (Dover Corporation) | EMR (Emerson Electric) | |
|---|---|---|
| 1-year return | +11.6% | +20.0% |
| 5-year return | +21.8% | +65.4% |
| Volatility (ann.) | 22.8% | 28.3% |
| Beta vs S&P 500 | 0.99 | 1.29 |
| Max drawdown (3Y) | -26.6% | -29.6% |
| Market cap | $27.2B | $88.0B |
| P/E (trailing) | 24.8 | 34.5 |
| Dividend yield | 1.02% | 1.39% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | DOV | EMR |
|---|---|---|
| 2022 | -24.3% | +5.7% |
| 2023 | +15.2% | +3.8% |
| 2024 | +23.3% | +29.7% |
| 2025 | +5.2% | +8.9% |
| 2026 | +3.9% | +20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and EMR 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 DOV and EMR?
The DOV/EMR correlation stands at 0.65 on a 3-year window (1 year: 0.45, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is EMR a good diversifier for DOV?
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?
A reading of 0.65 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
$ curl https://www.pairbook.io/api/v1/pairs/dov-vs-emr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dov-vs-emr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOV correlations · EMR correlations
