DOV vs JCI: Correlation
Dover Corporation (DOV) and Johnson Controls (JCI) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and JCI?
Over the past 3 years, DOV and JCI moved with a correlation of 0.53, which is moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 341.8 %².
Among the 78 assets we track against DOV, JCI ranks #51 by 3-year correlation. The last year tells two different stories: JCI led by 19.3 percentage points, +11.6% for DOV against +30.9% for JCI. Across three years, the rolling one-year figure varied moderately, from 0.34 to 0.73.
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 JCI: side by side
| DOV (Dover Corporation) | JCI (Johnson Controls) | |
|---|---|---|
| 1-year return | +11.6% | +30.9% |
| 5-year return | +21.8% | +108.2% |
| Volatility (ann.) | 22.8% | 28.1% |
| Beta vs S&P 500 | 0.99 | 0.98 |
| Max drawdown (3Y) | -26.6% | -21.1% |
| Market cap | $27.2B | $86.1B |
| P/E (trailing) | 24.8 | 40.1 |
| Dividend yield | 1.02% | 1.11% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | DOV | JCI |
|---|---|---|
| 2022 | -24.3% | -19.3% |
| 2023 | +15.2% | -7.6% |
| 2024 | +23.3% | +39.8% |
| 2025 | +5.2% | +53.0% |
| 2026 | +3.9% | +19.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and JCI good diversifiers for each other?
To a limited degree. At 0.53 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 JCI?
As of 2026-08-27, the correlation of weekly returns between DOV and JCI is 0.53 over 3 years, 0.44 over 1 year and 0.61 over 5 years.
Is JCI a good diversifier for DOV?
To a limited degree. At 0.53 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 0.53 mean?
A reading of 0.53 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-jci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dov-vs-jci/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DOV correlations · JCI correlations
