DOV vs PNR: Correlation
Dover Corporation (DOV) and Pentair (PNR) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and PNR?
On 3 years of weekly data the DOV/PNR correlation comes out at 0.57, moderate. The link has loosened recently: the 1-year correlation (0.20) runs below the 3-year figure (0.57). The 5-year figure is 0.65, and annualized covariance runs at 369.5 %².
Among the 78 assets we track against DOV, PNR ranks #43 by 3-year correlation. The last year tells two different stories: DOV led by 54.1 percentage points, +11.6% for DOV against -42.5% for PNR. The relationship is regime-dependent: the rolling one-year correlation swung between 0.21 and 0.86 over the past three years, so this pair behaves very differently depending on the market environment.
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 PNR: side by side
| DOV (Dover Corporation) | PNR (Pentair) | |
|---|---|---|
| 1-year return | +11.6% | -42.5% |
| 5-year return | +21.8% | -14.1% |
| Volatility (ann.) | 22.8% | 28.2% |
| Beta vs S&P 500 | 0.99 | 1.07 |
| Max drawdown (3Y) | -26.6% | -45.0% |
| Market cap | $27.2B | $9.9B |
| P/E (trailing) | 24.8 | 16.2 |
| Dividend yield | 1.02% | 1.65% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | DOV | PNR |
|---|---|---|
| 2022 | -24.3% | -37.4% |
| 2023 | +15.2% | +64.2% |
| 2024 | +23.3% | +40.0% |
| 2025 | +5.2% | +4.5% |
| 2026 | +3.9% | -39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and PNR good diversifiers for each other?
To a limited degree. At 0.57 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 PNR?
As of 2026-08-27, the correlation of weekly returns between DOV and PNR is 0.57 over 3 years, 0.20 over 1 year and 0.65 over 5 years.
Is PNR a good diversifier for DOV?
To a limited degree. At 0.57 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 0.57 mean?
A reading of 0.57 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-pnr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dov-vs-pnr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOV correlations · PNR correlations
