DOV vs HAS: Correlation
Dover Corporation (DOV) and Hasbro (HAS) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and HAS?
On 3 years of weekly data the DOV/HAS correlation comes out at 0.49, moderate. The past 12 months show a weaker link (0.35) than the 3-year average (0.49). The 5-year figure is 0.49, and annualized covariance runs at 351.2 %².
Among the 78 assets we track against DOV, HAS ranks #58 by 3-year correlation. On 12-month performance HAS holds a 7.6-point edge, +11.6% against +19.2%. On a rolling one-year basis the correlation drifted between 0.37 and 0.63, 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 HAS: side by side
| DOV (Dover Corporation) | HAS (Hasbro) | |
|---|---|---|
| 1-year return | +11.6% | +19.2% |
| 5-year return | +21.8% | +17.1% |
| Volatility (ann.) | 22.8% | 31.7% |
| Beta vs S&P 500 | 0.99 | 0.86 |
| Max drawdown (3Y) | -26.6% | -40.3% |
| Market cap | $27.2B | $13.3B |
| P/E (trailing) | 24.8 | 17.1 |
| Dividend yield | 1.02% | 2.91% |
| Sector / category | Industrials | Consumer Discretionary |
Year-by-year returns
| Year | DOV | HAS |
|---|---|---|
| 2022 | -24.3% | -37.9% |
| 2023 | +15.2% | -11.9% |
| 2024 | +23.3% | +14.8% |
| 2025 | +5.2% | +52.5% |
| 2026 | +3.9% | +17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and HAS good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DOV and HAS?
As of 2026-08-27, the correlation of weekly returns between DOV and HAS is 0.49 over 3 years, 0.35 over 1 year and 0.49 over 5 years.
Is HAS a good diversifier for DOV?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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-has.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dov-vs-has/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOV correlations · HAS correlations
