AVY vs. DOV
AVY (Avery Dennison Corporation) and DOV (Dover Corporation) are both stocks. Both are in the Industrials sector — AVY in Business Equipment & Supplies, DOV in Specialty Industrial Machinery. Over the past 10 years, AVY returned 9.69%/yr vs 16.36%/yr for DOV. At a 0.43 correlation, their price movements are largely independent.
Performance
AVY vs. DOV - Performance Comparison
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Returns By Period
In the year-to-date period, AVY achieves a -11.44% return, which is significantly lower than DOV's 11.89% return. Over the past 10 years, AVY has underperformed DOV with an annualized return of 9.69%, while DOV has yielded a comparatively higher 16.36% annualized return.
AVY
- 1D
- 0.31%
- 1M
- 2.60%
- YTD
- -11.44%
- 6M
- -11.79%
- 1Y
- -6.75%
- 3Y*
- 0.06%
- 5Y*
- -4.53%
- 10Y*
- 9.69%
DOV
- 1D
- -0.50%
- 1M
- 3.41%
- YTD
- 11.89%
- 6M
- 9.71%
- 1Y
- 24.45%
- 3Y*
- 15.73%
- 5Y*
- 8.79%
- 10Y*
- 16.36%
AVY vs. DOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVY Avery Dennison Corporation | -11.44% | -0.73% | -5.95% | 13.66% | -15.06% | 41.41% | 20.86% | 48.54% | -20.28% | 66.75% |
DOV Dover Corporation | 11.89% | 5.24% | 23.35% | 15.22% | -24.34% | 45.73% | 11.53% | 65.80% | -11.11% | 37.68% |
Correlation
The correlation between AVY and DOV is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1985 | 0.43 |
The correlation between AVY and DOV shifts across timeframes, from 0.43 (all time) to 0.62 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AVY:
$12.26B
DOV:
$29.55B
AVY:
$8.87
DOV:
$8.01
AVY:
17.95
DOV:
27.14
AVY:
5.99
DOV:
1.12
AVY:
1.37
DOV:
3.61
AVY:
5.33
DOV:
3.95
AVY:
$9.01B
DOV:
$8.28B
AVY:
$2.59B
DOV:
$3.27B
AVY:
$1.24B
DOV:
$1.78B
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Return for Risk
AVY vs. DOV — Risk / Return Rank
AVY
DOV
AVY vs. DOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avery Dennison Corporation (AVY) and Dover Corporation (DOV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AVY | DOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.18 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 1.50 | -1.93 |
| Martin ratioReturn relative to average drawdown | -0.91 | 3.42 | -4.33 |
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Drawdowns
AVY vs. DOV - Drawdown Comparison
The maximum AVY drawdown since its inception was -73.03%, which is greater than DOV's maximum drawdown of -58.22%. Use the drawdown chart below to compare losses from any high point for AVY and DOV.
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Drawdown Indicators
| AVY | DOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.03% | -58.22% | -14.81% |
Max Drawdown (1Y)Largest decline over 1 year | -21.62% | -15.34% | -6.28% |
Max Drawdown (3Y)Largest decline over 3 years | -30.56% | -26.59% | -3.97% |
Max Drawdown (5Y)Largest decline over 5 years | -31.80% | -35.56% | +3.76% |
Max Drawdown (10Y)Largest decline over 10 years | -43.52% | -45.24% | +1.72% |
Current DrawdownCurrent decline from peak | -27.73% | -6.36% | -21.37% |
Average DrawdownAverage peak-to-trough decline | -16.79% | -13.14% | -3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.16% | 6.71% | +3.45% |
Volatility
AVY vs. DOV - Volatility Comparison
Avery Dennison Corporation (AVY) and Dover Corporation (DOV) have volatilities of 7.39% and 7.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AVY | DOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.39% | 7.17% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 16.29% | 18.33% | -2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 24.36% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.68% | 24.87% | -0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.06% | 26.75% | +0.31% |
Dividends
AVY vs. DOV - Dividend Comparison
AVY's dividend yield for the trailing twelve months is around 2.40%, more than DOV's 0.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVY Avery Dennison Corporation | 2.40% | 2.03% | 1.84% | 1.57% | 1.62% | 1.23% | 1.52% | 1.73% | 2.24% | 1.53% | 2.28% | 2.33% |
DOV Dover Corporation | 0.96% | 1.06% | 1.09% | 1.32% | 1.48% | 1.10% | 1.56% | 1.68% | 2.55% | 1.80% | 2.30% | 2.67% |
Financials
AVY vs. DOV - Financials Comparison
This section allows you to compare key financial metrics between Avery Dennison Corporation and Dover Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AVY vs. DOV - Profitability Comparison
AVY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Avery Dennison Corporation reported a gross profit of 664.80M and revenue of 2.30B. Therefore, the gross margin over that period was 28.9%.
DOV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dover Corporation reported a gross profit of 798.14M and revenue of 2.05B. Therefore, the gross margin over that period was 38.9%.
AVY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Avery Dennison Corporation reported an operating income of 271.90M and revenue of 2.30B, resulting in an operating margin of 11.8%.
DOV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dover Corporation reported an operating income of 305.91M and revenue of 2.05B, resulting in an operating margin of 14.9%.
AVY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Avery Dennison Corporation reported a net income of 168.10M and revenue of 2.30B, resulting in a net margin of 7.3%.
DOV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dover Corporation reported a net income of 238.43M and revenue of 2.05B, resulting in a net margin of 11.6%.
Frequently Asked Questions
AVY and DOV have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVY has higher volatility (7.39%) compared to DOV (7.17%). In terms of maximum drawdown, AVY dropped -73.03% vs DOV's -58.22%.
DOV currently has the higher Sharpe Ratio (0.94 vs -0.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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