DOV vs ESE: Correlation
Measured on weekly returns over the past three years, Dover Corporation (DOV) and ESCO Technologies Inc. (ESE) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and ESE?
On 3 years of weekly data the DOV/ESE correlation comes out at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. The 5-year figure is 0.62, and annualized covariance runs at 372.6 %².
By 3-year correlation, ESE places #46 of the 78 assets tracked against DOV. Correlation aside, the last 12 months split them widely, with ESE ahead by 30.4 points (+11.6% versus +42.0%).
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 ESE: side by side
| DOV (Dover Corporation) | ESE (ESCO Technologies Inc.) | |
|---|---|---|
| 1-year return | +11.6% | +42.0% |
| 5-year return | +21.8% | +214.2% |
| Volatility (ann.) | 22.8% | 29.6% |
| Beta vs S&P 500 | 0.99 | 0.79 |
| Max drawdown (3Y) | -26.6% | -22.3% |
| Market cap | $27.2B | $7.3B |
| P/E (trailing) | 24.8 | 52.3 |
| Dividend yield | 1.02% | 0.11% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DOV | ESE |
|---|---|---|
| 2022 | -24.3% | -2.3% |
| 2023 | +15.2% | +34.1% |
| 2024 | +23.3% | +14.1% |
| 2025 | +5.2% | +47.0% |
| 2026 | +3.9% | +44.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and ESE good diversifiers for each other?
Only partially. A correlation of 0.55 means DOV and ESE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DOV and ESE?
As of 2026-08-27, the correlation of weekly returns between DOV and ESE is 0.55 over 3 years, 0.47 over 1 year and 0.62 over 5 years.
Is ESE a good diversifier for DOV?
Only partially. A correlation of 0.55 means DOV and ESE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/dov-vs-ese.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dov-vs-ese/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DOV correlations · ESE correlations
