DOV vs TPR: Correlation
Dover Corporation (DOV) and Tapestry, Inc. (TPR) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and TPR?
Over the past 3 years, DOV and TPR moved with a correlation of 0.48, which is moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.48 over 3. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 411.9 %².
Within DOV's tracked universe of 78 assets, TPR comes in at #59 by 3-year correlation. Over the last 12 months TPR came out ahead by 12.0 percentage points (+11.6% against +23.6%). The rolling one-year correlation moved between 0.27 and 0.62 over the past three years, a moderate range. One caveat on sizing: TPR is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TPR: side by side
| DOV (Dover Corporation) | TPR (Tapestry, Inc.) | |
|---|---|---|
| 1-year return | +11.6% | +23.6% |
| 5-year return | +21.8% | +240.1% |
| Volatility (ann.) | 22.8% | 37.8% |
| Beta vs S&P 500 | 0.99 | 1.05 |
| Max drawdown (3Y) | -26.6% | -31.8% |
| Market cap | $27.2B | $24.6B |
| P/E (trailing) | 24.8 | 17.9 |
| Dividend yield | 1.02% | 1.23% |
| Sector / category | Industrials | Consumer Discretionary |
Year-by-year returns
| Year | DOV | TPR |
|---|---|---|
| 2022 | -24.3% | -3.3% |
| 2023 | +15.2% | +0.2% |
| 2024 | +23.3% | +82.8% |
| 2025 | +5.2% | +98.7% |
| 2026 | +3.9% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and TPR good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DOV and TPR?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.51 over the last year and 0.50 over 5 years.
Is TPR a good diversifier for DOV?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 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-tpr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dov-vs-tpr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DOV correlations · TPR correlations
