DOV vs OCG: Correlation
Dover Corporation (DOV) and Oriental Culture Holding LTD (OCG) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and OCG?
On 3 years of weekly data the DOV/OCG correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.18 over 3 years. The 5-year figure is -0.10, and annualized covariance runs at -613.7 %².
Out of 78 assets tracked against DOV, OCG lands near the bottom at #74. Correlation aside, the last 12 months split them widely, with DOV ahead by 111.5 points (+11.6% versus -99.9%). One caveat on sizing: OCG is 6.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 OCG: side by side
| DOV (Dover Corporation) | OCG (Oriental Culture Holding LTD) | |
|---|---|---|
| 1-year return | +11.6% | -99.9% |
| 5-year return | +21.8% | -100.0% |
| Volatility (ann.) | 22.8% | 149.7% |
| Beta vs S&P 500 | 0.99 | 0.32 |
| Max drawdown (3Y) | -26.6% | -100.0% |
| Market cap | $27.2B | – |
| P/E (trailing) | 24.8 | – |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DOV | OCG |
|---|---|---|
| 2022 | -24.3% | -90.2% |
| 2023 | +15.2% | -42.9% |
| 2024 | +23.3% | -14.0% |
| 2025 | +5.2% | -92.4% |
| 2026 | +3.9% | -97.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and OCG good diversifiers for each other?
Yes. With a correlation of -0.18, DOV and OCG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DOV and OCG?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.33 over the last year and -0.10 over 5 years.
Is OCG a good diversifier for DOV?
Yes. With a correlation of -0.18, DOV and OCG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: DOV correlations · OCG correlations
