DOV vs RBC: Correlation
Measured on weekly returns over the past three years, Dover Corporation (DOV) and RBC Bearings Incorporated (RBC) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and RBC?
Across a 3-year window, the weekly returns of DOV and RBC correlate at 0.61, strong. Recent behaviour matches the longer record: 0.62 over 1 year against 0.61 over 3. Stretching to 5 years gives 0.57, with an annualized covariance of 368.0 %².
Among the 78 assets we track against DOV, RBC ranks #35 by 3-year correlation. The last year tells two different stories: RBC led by 15.8 percentage points, +11.6% for DOV against +27.4% for RBC.
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 RBC: side by side
| DOV (Dover Corporation) | RBC (RBC Bearings Incorporated) | |
|---|---|---|
| 1-year return | +11.6% | +27.4% |
| 5-year return | +21.8% | +128.1% |
| Volatility (ann.) | 22.8% | 26.5% |
| Beta vs S&P 500 | 0.99 | 0.87 |
| Max drawdown (3Y) | -26.6% | -23.6% |
| Market cap | $27.2B | $16.1B |
| P/E (trailing) | 24.8 | 50.7 |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DOV | RBC |
|---|---|---|
| 2022 | -24.3% | +4.2% |
| 2023 | +15.2% | +36.1% |
| 2024 | +23.3% | +5.0% |
| 2025 | +5.2% | +49.9% |
| 2026 | +3.9% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and RBC good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DOV and RBC?
As of 2026-08-27, the correlation of weekly returns between DOV and RBC is 0.61 over 3 years, 0.62 over 1 year and 0.57 over 5 years.
Is RBC a good diversifier for DOV?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
A reading of 0.61 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
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Related comparisons
Hubs: DOV correlations · RBC correlations
