DOV vs KNF: Correlation
Measured on weekly returns over the past three years, Dover Corporation (DOV) and Knife Riv Holding Co. (KNF) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and KNF?
Across a 3-year window, the weekly returns of DOV and KNF correlate at 0.56, moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.56 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 514.0 %².
Within DOV's tracked universe of 78 assets, KNF comes in at #45 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DOV outperformed by 31.2 percentage points (+11.6% for DOV against -19.6% for KNF). Risk is not evenly split, since KNF carries 1.8 times the volatility of the other side.
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 KNF: side by side
| DOV (Dover Corporation) | KNF (Knife Riv Holding Co.) | |
|---|---|---|
| 1-year return | +11.6% | -19.6% |
| 5-year return | +21.8% | n/a |
| Volatility (ann.) | 22.8% | 40.3% |
| Beta vs S&P 500 | 0.99 | 1.06 |
| Max drawdown (3Y) | -26.6% | -44.2% |
| Market cap | $27.2B | $3.8B |
| P/E (trailing) | 24.8 | 27.2 |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DOV | KNF |
|---|---|---|
| 2022 | -24.3% | – |
| 2023 | +15.2% | – |
| 2024 | +23.3% | +53.6% |
| 2025 | +5.2% | -30.8% |
| 2026 | +3.9% | -5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and KNF good diversifiers for each other?
To a limited degree. At 0.56 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 KNF?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.56 over the last year and n/a over 5 years.
Is KNF a good diversifier for DOV?
To a limited degree. At 0.56 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 0.56 mean?
A reading of 0.56 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-knf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dov-vs-knf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOV correlations · KNF correlations
