DOV vs TAYD: Correlation
Dover Corporation (DOV) and Taylor Devices, Inc. (TAYD) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and TAYD?
Across a 3-year window, the weekly returns of DOV and TAYD correlate at 0.33, moderate. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 415.9 %².
By 3-year correlation, TAYD places #68 of the 78 assets tracked against DOV. Their recent paths diverged sharply: over the last 12 months TAYD outperformed by 15.0 percentage points (+11.6% for DOV against +26.6% for TAYD). Risk is not evenly split, since TAYD carries 2.4 times the volatility of the other side.
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 TAYD: side by side
| DOV (Dover Corporation) | TAYD (Taylor Devices, Inc.) | |
|---|---|---|
| 1-year return | +11.6% | +26.6% |
| 5-year return | +21.8% | +405.0% |
| Volatility (ann.) | 22.8% | 55.2% |
| Beta vs S&P 500 | 0.99 | 0.59 |
| Max drawdown (3Y) | -26.6% | -52.7% |
| Market cap | $27.2B | $0.2B |
| P/E (trailing) | 24.8 | 23.2 |
| Dividend yield | 1.02% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DOV | TAYD |
|---|---|---|
| 2022 | -24.3% | +29.9% |
| 2023 | +15.2% | +56.0% |
| 2024 | +23.3% | +88.1% |
| 2025 | +5.2% | +40.5% |
| 2026 | +3.9% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and TAYD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between DOV and TAYD?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.27 over the last year and 0.31 over 5 years.
Is TAYD a good diversifier for DOV?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dov-vs-tayd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dov-vs-tayd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DOV correlations · TAYD correlations
