DOV vs RRX: Correlation
How closely do Dover Corporation (DOV) and Regal Rexnord Corporation (RRX) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and RRX?
Across a 3-year window, the weekly returns of DOV and RRX correlate at 0.62, strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Stretching to 5 years gives 0.64, with an annualized covariance of 597.5 %².
By 3-year correlation, RRX places #31 of the 78 assets tracked against DOV. Twelve-month performance is nearly a tie, at +11.6% for DOV and +8.2% for RRX. Note the risk asymmetry: RRX runs 1.8 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 RRX: side by side
| DOV (Dover Corporation) | RRX (Regal Rexnord Corporation) | |
|---|---|---|
| 1-year return | +11.6% | +8.2% |
| 5-year return | +21.8% | +18.1% |
| Volatility (ann.) | 22.8% | 42.0% |
| Beta vs S&P 500 | 0.99 | 1.10 |
| Max drawdown (3Y) | -26.6% | -48.1% |
| Market cap | $27.2B | $10.9B |
| P/E (trailing) | 24.8 | 34.0 |
| Dividend yield | 1.02% | 0.85% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DOV | RRX |
|---|---|---|
| 2022 | -24.3% | -28.7% |
| 2023 | +15.2% | +24.6% |
| 2024 | +23.3% | +5.7% |
| 2025 | +5.2% | -8.6% |
| 2026 | +3.9% | +17.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and RRX good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DOV and RRX?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.61 over the last year and 0.64 over 5 years.
Is RRX a good diversifier for DOV?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 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-rrx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dov-vs-rrx/)
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Related comparisons
Hubs: DOV correlations · RRX correlations
