DOV vs EPAC: Correlation
Dover Corporation (DOV) and Enerpac Tool Group Corp. (EPAC) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and EPAC?
Over the past 3 years, DOV and EPAC moved with a correlation of 0.54, which is moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 352.7 %².
Within DOV's tracked universe of 78 assets, EPAC comes in at #49 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DOV ahead by 23.9 points (+11.6% versus -12.3%).
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 EPAC: side by side
| DOV (Dover Corporation) | EPAC (Enerpac Tool Group Corp.) | |
|---|---|---|
| 1-year return | +11.6% | -12.3% |
| 5-year return | +21.8% | +50.0% |
| Volatility (ann.) | 22.8% | 28.6% |
| Beta vs S&P 500 | 0.99 | 0.80 |
| Max drawdown (3Y) | -26.6% | -36.1% |
| Market cap | $27.2B | $1.9B |
| P/E (trailing) | 24.8 | 21.4 |
| Dividend yield | 1.02% | 0.11% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DOV | EPAC |
|---|---|---|
| 2022 | -24.3% | +25.7% |
| 2023 | +15.2% | +22.3% |
| 2024 | +23.3% | +32.3% |
| 2025 | +5.2% | -6.8% |
| 2026 | +3.9% | -1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and EPAC good diversifiers for each other?
To a limited degree. At 0.54 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 EPAC?
The DOV/EPAC correlation stands at 0.54 on a 3-year window (1 year: 0.60, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is EPAC a good diversifier for DOV?
To a limited degree. At 0.54 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 0.54 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/dov-vs-epac.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dov-vs-epac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOV correlations · EPAC correlations
