DOV vs SNA: Correlation
How closely do Dover Corporation (DOV) and Snap-on (SNA) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and SNA?
On 3 years of weekly data the DOV/SNA correlation comes out at 0.54, moderate. The past 12 months show a weaker link (0.37) than the 3-year average (0.54). The 5-year figure is 0.60, and annualized covariance runs at 260.2 %².
Within DOV's tracked universe of 78 assets, SNA comes in at #50 by 3-year correlation. On 12-month performance SNA holds a 11.5-point edge, +11.6% against +23.1%. Across three years, the rolling one-year figure varied moderately, from 0.37 to 0.73.
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 SNA: side by side
| DOV (Dover Corporation) | SNA (Snap-on) | |
|---|---|---|
| 1-year return | +11.6% | +23.1% |
| 5-year return | +21.8% | +99.6% |
| Volatility (ann.) | 22.8% | 21.3% |
| Beta vs S&P 500 | 0.99 | 0.70 |
| Max drawdown (3Y) | -26.6% | -20.8% |
| Market cap | $27.2B | $20.5B |
| P/E (trailing) | 24.8 | 20.2 |
| Dividend yield | 1.02% | 2.38% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | DOV | SNA |
|---|---|---|
| 2022 | -24.3% | +8.9% |
| 2023 | +15.2% | +29.7% |
| 2024 | +23.3% | +20.7% |
| 2025 | +5.2% | +4.3% |
| 2026 | +3.9% | +17.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and SNA good diversifiers for each other?
Only partially. A correlation of 0.54 means DOV and SNA 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 SNA?
The DOV/SNA correlation stands at 0.54 on a 3-year window (1 year: 0.37, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is SNA a good diversifier for DOV?
Only partially. A correlation of 0.54 means DOV and SNA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
A reading of 0.54 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-sna.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dov-vs-sna/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DOV correlations · SNA correlations
