DOV vs ITT: Correlation
How closely do Dover Corporation (DOV) and ITT Inc. (ITT) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and ITT?
On 3 years of weekly data the DOV/ITT correlation comes out at 0.72, strong. The past 12 months show a weaker link (0.57) than the 3-year average (0.72). The 5-year figure is 0.76, and annualized covariance runs at 450.4 %².
Within DOV's tracked universe of 78 assets, ITT comes in at #9 by 3-year correlation. Over the last 12 months ITT came out ahead by 9.2 percentage points (+11.6% against +20.8%).
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 ITT: side by side
| DOV (Dover Corporation) | ITT (ITT Inc.) | |
|---|---|---|
| 1-year return | +11.6% | +20.8% |
| 5-year return | +21.8% | +124.4% |
| Volatility (ann.) | 22.8% | 27.4% |
| Beta vs S&P 500 | 0.99 | 1.33 |
| Max drawdown (3Y) | -26.6% | -29.1% |
| Market cap | $27.2B | – |
| P/E (trailing) | 24.8 | 40.9 |
| Dividend yield | 1.02% | 0.70% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DOV | ITT |
|---|---|---|
| 2022 | -24.3% | -19.5% |
| 2023 | +15.2% | +48.9% |
| 2024 | +23.3% | +20.9% |
| 2025 | +5.2% | +22.5% |
| 2026 | +3.9% | +20.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and ITT good diversifiers for each other?
To a limited degree. At 0.72 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 ITT?
As of 2026-08-27, the correlation of weekly returns between DOV and ITT is 0.72 over 3 years, 0.57 over 1 year and 0.76 over 5 years.
Is ITT a good diversifier for DOV?
To a limited degree. At 0.72 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 0.72 mean?
On the −1 to +1 scale, 0.72 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-itt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dov-vs-itt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DOV correlations · ITT correlations
