DOV vs OSK: Correlation
Dover Corporation (DOV) and Oshkosh Corporation (Holding Company) (OSK) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and OSK?
Over the past 3 years, DOV and OSK moved with a correlation of 0.66, which is strong. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 554.0 %².
Within DOV's tracked universe of 78 assets, OSK comes in at #19 by 3-year correlation. Twelve-month performance is nearly a tie, at +11.6% for DOV and +11.0% for OSK. Note the risk asymmetry: OSK runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 OSK: side by side
| DOV (Dover Corporation) | OSK (Oshkosh Corporation (Holding Company)) | |
|---|---|---|
| 1-year return | +11.6% | +11.0% |
| 5-year return | +21.8% | +47.4% |
| Volatility (ann.) | 22.8% | 37.0% |
| Beta vs S&P 500 | 0.99 | 1.14 |
| Max drawdown (3Y) | -26.6% | -36.7% |
| Market cap | $27.2B | $9.7B |
| P/E (trailing) | 24.8 | 18.1 |
| Dividend yield | 1.02% | 1.37% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DOV | OSK |
|---|---|---|
| 2022 | -24.3% | -20.5% |
| 2023 | +15.2% | +25.2% |
| 2024 | +23.3% | -10.8% |
| 2025 | +5.2% | +34.5% |
| 2026 | +3.9% | +26.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and OSK good diversifiers for each other?
Only partially. A correlation of 0.66 means DOV and OSK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DOV and OSK?
As of 2026-08-27, the correlation of weekly returns between DOV and OSK is 0.66 over 3 years, 0.58 over 1 year and 0.65 over 5 years.
Is OSK a good diversifier for DOV?
Only partially. A correlation of 0.66 means DOV and OSK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 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 · OSK correlations
