DOV vs WLFC: Correlation
Dover Corporation (DOV) and Willis Lease Finance Corporation (WLFC) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DOV and WLFC?
Across a 3-year window, the weekly returns of DOV and WLFC correlate at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Stretching to 5 years gives 0.35, with an annualized covariance of 588.3 %².
Among the 78 assets we track against DOV, WLFC ranks #67 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months DOV outperformed by 74.9 percentage points (+11.6% for DOV against -63.3% for WLFC). Risk is not evenly split, since WLFC carries 2.7 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 WLFC: side by side
| DOV (Dover Corporation) | WLFC (Willis Lease Finance Corporation) | |
|---|---|---|
| 1-year return | +11.6% | -63.3% |
| 5-year return | +21.8% | +47.2% |
| Volatility (ann.) | 22.8% | 61.3% |
| Beta vs S&P 500 | 0.99 | 1.30 |
| Max drawdown (3Y) | -26.6% | -77.4% |
| Market cap | $27.2B | $1.2B |
| P/E (trailing) | 24.8 | 13.8 |
| Dividend yield | 1.02% | 0.88% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DOV | WLFC |
|---|---|---|
| 2022 | -24.3% | +56.7% |
| 2023 | +15.2% | -17.2% |
| 2024 | +23.3% | +327.3% |
| 2025 | +5.2% | -34.5% |
| 2026 | +3.9% | -59.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DOV and WLFC good diversifiers for each other?
Reasonably. At 0.42, DOV and WLFC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between DOV and WLFC?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.49 over the last year and 0.35 over 5 years.
Is WLFC a good diversifier for DOV?
Reasonably. At 0.42, DOV and WLFC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dov-vs-wlfc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dov-vs-wlfc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DOV correlations · WLFC correlations
