DOV vs VNT: Correlation
Measured on weekly returns over the past three years, Dover Corporation (DOV) and Vontier Corporation (VNT) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and VNT?
Across a 3-year window, the weekly returns of DOV and VNT correlate at 0.65, strong. The past 12 months show a weaker link (0.50) than the 3-year average (0.65). Stretching to 5 years gives 0.65, with an annualized covariance of 460.3 %².
By 3-year correlation, VNT places #23 of the 78 assets tracked against DOV. Correlation aside, the last 12 months split them widely, with DOV ahead by 35.2 points (+11.6% versus -23.6%).
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 VNT: side by side
| DOV (Dover Corporation) | VNT (Vontier Corporation) | |
|---|---|---|
| 1-year return | +11.6% | -23.6% |
| 5-year return | +21.8% | -7.6% |
| Volatility (ann.) | 22.8% | 31.1% |
| Beta vs S&P 500 | 0.99 | 1.13 |
| Max drawdown (3Y) | -26.6% | -38.4% |
| Market cap | $27.2B | $4.5B |
| P/E (trailing) | 24.8 | 14.0 |
| Dividend yield | 1.02% | 0.30% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DOV | VNT |
|---|---|---|
| 2022 | -24.3% | -36.8% |
| 2023 | +15.2% | +79.3% |
| 2024 | +23.3% | +5.8% |
| 2025 | +5.2% | +2.2% |
| 2026 | +3.9% | -10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and VNT good diversifiers for each other?
Only partially. A correlation of 0.65 means DOV and VNT 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 VNT?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.50 over the last year and 0.65 over 5 years.
Is VNT a good diversifier for DOV?
Only partially. A correlation of 0.65 means DOV and VNT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dov-vs-vnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dov-vs-vnt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DOV correlations · VNT correlations
