DOV vs TKR: Correlation
Dover Corporation (DOV) and Timken Company (The) (TKR) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and TKR?
Across a 3-year window, the weekly returns of DOV and TKR correlate at 0.69, strong. Recent behaviour matches the longer record: 0.60 over 1 year against 0.69 over 3. Stretching to 5 years gives 0.71, with an annualized covariance of 430.3 %².
By 3-year correlation, TKR places #16 of the 78 assets tracked against DOV. Their recent paths diverged sharply: over the last 12 months TKR outperformed by 48.2 percentage points (+11.6% for DOV against +59.8% for TKR).
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 TKR: side by side
| DOV (Dover Corporation) | TKR (Timken Company (The)) | |
|---|---|---|
| 1-year return | +11.6% | +59.8% |
| 5-year return | +21.8% | +80.3% |
| Volatility (ann.) | 22.8% | 27.4% |
| Beta vs S&P 500 | 0.99 | 0.98 |
| Max drawdown (3Y) | -26.6% | -37.6% |
| Market cap | $27.2B | $8.6B |
| P/E (trailing) | 24.8 | 33.7 |
| Dividend yield | 1.02% | 1.12% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DOV | TKR |
|---|---|---|
| 2022 | -24.3% | +3.9% |
| 2023 | +15.2% | +15.4% |
| 2024 | +23.3% | -9.5% |
| 2025 | +5.2% | +20.0% |
| 2026 | +3.9% | +49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and TKR good diversifiers for each other?
To a limited degree. At 0.69 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 TKR?
As of 2026-08-27, the correlation of weekly returns between DOV and TKR is 0.69 over 3 years, 0.60 over 1 year and 0.71 over 5 years.
Is TKR a good diversifier for DOV?
To a limited degree. At 0.69 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 0.69 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-tkr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dov-vs-tkr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOV correlations · TKR correlations
