DOV vs URI: Correlation
Measured on weekly returns over the past three years, Dover Corporation (DOV) and United Rentals (URI) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and URI?
On 3 years of weekly data the DOV/URI correlation comes out at 0.59, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.36 versus 0.59 over 3 years. The 5-year figure is 0.63, and annualized covariance runs at 533.3 %².
By 3-year correlation, URI places #40 of the 78 assets tracked against DOV. Their 12-month results are close: +11.6% for DOV against +10.2% for URI. Across three years, the rolling one-year figure varied moderately, from 0.35 to 0.81. Note the risk asymmetry: URI runs 1.7 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 URI: side by side
| DOV (Dover Corporation) | URI (United Rentals) | |
|---|---|---|
| 1-year return | +11.6% | +10.2% |
| 5-year return | +21.8% | +204.1% |
| Volatility (ann.) | 22.8% | 39.5% |
| Beta vs S&P 500 | 0.99 | 1.42 |
| Max drawdown (3Y) | -26.6% | -37.0% |
| Market cap | $27.2B | $64.6B |
| P/E (trailing) | 24.8 | 25.4 |
| Dividend yield | 1.02% | 0.71% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | DOV | URI |
|---|---|---|
| 2022 | -24.3% | +7.0% |
| 2023 | +15.2% | +63.6% |
| 2024 | +23.3% | +24.0% |
| 2025 | +5.2% | +15.9% |
| 2026 | +3.9% | +29.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and URI good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DOV and URI?
As of 2026-08-27, the correlation of weekly returns between DOV and URI is 0.59 over 3 years, 0.36 over 1 year and 0.63 over 5 years.
Is URI a good diversifier for DOV?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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-uri.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dov-vs-uri/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DOV correlations · URI correlations
