AWR vs. DOV
AWR (American States Water Company) and DOV (Dover Corporation) are both stocks. AWR operates in Utilities - Regulated Water (Utilities), while DOV operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, AWR returned 8.73%/yr vs 16.36%/yr for DOV. At a 0.24 correlation, their price movements are largely independent.
Performance
AWR vs. DOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AWR achieves a 8.77% return, which is significantly lower than DOV's 11.89% return. Over the past 10 years, AWR has underperformed DOV with an annualized return of 8.73%, while DOV has yielded a comparatively higher 16.36% annualized return.
AWR
- 1D
- 1.16%
- 1M
- 0.98%
- YTD
- 8.77%
- 6M
- 6.61%
- 1Y
- 1.68%
- 3Y*
- -1.47%
- 5Y*
- 0.97%
- 10Y*
- 8.73%
DOV
- 1D
- -0.50%
- 1M
- 1.56%
- YTD
- 11.89%
- 6M
- 9.71%
- 1Y
- 22.89%
- 3Y*
- 15.73%
- 5Y*
- 8.79%
- 10Y*
- 16.36%
AWR vs. DOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AWR American States Water Company | 8.77% | -4.32% | -1.18% | -11.43% | -8.92% | 32.25% | -6.75% | 31.19% | 17.91% | 29.76% |
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 AWR and DOV is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.24 |
The correlation between AWR and DOV shifts across timeframes, from 0.06 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AWR:
$3.05B
DOV:
$29.55B
AWR:
$3.44
DOV:
$8.01
AWR:
22.60
DOV:
27.14
AWR:
2.13
DOV:
1.12
AWR:
4.44
DOV:
3.61
AWR:
2.87
DOV:
3.95
AWR:
$679.25M
DOV:
$8.28B
AWR:
$303.17M
DOV:
$3.27B
AWR:
$233.31M
DOV:
$1.78B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AWR vs. DOV — Risk / Return Rank
AWR
DOV
AWR vs. DOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American States Water Company (AWR) 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.
| AWR | DOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.18 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 1.50 | -1.35 |
| Martin ratioReturn relative to average drawdown | 0.26 | 3.42 | -3.16 |
Loading charts...
Drawdowns
AWR vs. DOV - Drawdown Comparison
The maximum AWR drawdown since its inception was -37.39%, smaller than the maximum DOV drawdown of -58.22%. Use the drawdown chart below to compare losses from any high point for AWR and DOV.
Loading charts...
Drawdown Indicators
| AWR | DOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.39% | -58.22% | +20.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.55% | -15.34% | +3.79% |
Max Drawdown (3Y)Largest decline over 3 years | -24.74% | -26.59% | +1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -32.85% | -35.56% | +2.71% |
Max Drawdown (10Y)Largest decline over 10 years | -32.85% | -45.24% | +12.39% |
Current DrawdownCurrent decline from peak | -17.04% | -6.36% | -10.68% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -13.14% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.42% | 6.71% | -0.29% |
Volatility
AWR vs. DOV - Volatility Comparison
The current volatility for American States Water Company (AWR) is 6.18%, while Dover Corporation (DOV) has a volatility of 7.17%. This indicates that AWR experiences smaller price fluctuations and is considered to be less risky than DOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AWR | DOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.18% | 7.17% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 15.35% | 18.33% | -2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.36% | 24.36% | -4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.69% | 24.87% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.17% | 26.75% | -0.58% |
Dividends
AWR vs. DOV - Dividend Comparison
AWR's dividend yield for the trailing twelve months is around 2.59%, more than DOV's 0.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWR American States Water Company | 2.59% | 2.68% | 2.30% | 2.06% | 1.65% | 1.35% | 1.61% | 1.34% | 1.58% | 1.72% | 2.01% | 2.08% |
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
AWR vs. DOV - Financials Comparison
This section allows you to compare key financial metrics between American States Water Company 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
AWR vs. DOV - Profitability Comparison
AWR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American States Water Company reported a gross profit of 0.00 and revenue of 169.19M. Therefore, the gross margin over that period was 0.0%.
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%.
AWR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American States Water Company reported an operating income of 51.37M and revenue of 169.19M, resulting in an operating margin of 30.4%.
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%.
AWR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American States Water Company reported a net income of 29.95M and revenue of 169.19M, resulting in a net margin of 17.7%.
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
AWR and DOV have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOV has higher volatility (7.17%) compared to AWR (6.18%). In terms of maximum drawdown, AWR dropped -37.39% vs DOV's -58.22%.
DOV currently has the higher Sharpe Ratio (0.94 vs 0.08), 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.
Find the right allocation for AWR and DOV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer