DOV vs. CVX
DOV (Dover Corporation) and CVX (Chevron Corporation) are both stocks. DOV operates in Specialty Industrial Machinery (Industrials), while CVX operates in Oil & Gas Integrated (Energy). Over the past 10 years, DOV returned 16.36%/yr vs 10.94%/yr for CVX. At a 0.46 correlation, their price movements are largely independent.
Performance
DOV vs. CVX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DOV achieves a 11.89% return, which is significantly lower than CVX's 25.18% return. Over the past 10 years, DOV has outperformed CVX with an annualized return of 16.36%, while CVX has yielded a comparatively lower 10.94% annualized return.
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%
CVX
- 1D
- 0.75%
- 1M
- -1.13%
- YTD
- 25.18%
- 6M
- 27.20%
- 1Y
- 33.69%
- 3Y*
- 10.25%
- 5Y*
- 16.33%
- 10Y*
- 10.94%
DOV vs. CVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DOV Dover Corporation | 11.89% | 5.24% | 23.35% | 15.22% | -24.34% | 45.73% | 11.53% | 65.80% | -11.11% | 37.68% |
CVX Chevron Corporation | 25.18% | 10.10% | 1.29% | -13.63% | 58.46% | 46.24% | -25.95% | 15.27% | -9.75% | 10.59% |
Correlation
The correlation between DOV and CVX is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2001 | 0.46 |
Over the past year, the correlation between DOV and CVX has dropped to 0.01 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
Fundamentals
DOV:
$29.55B
CVX:
$371.80B
DOV:
$8.01
CVX:
$5.75
DOV:
27.14
CVX:
32.54
DOV:
1.12
CVX:
3.17
DOV:
3.61
CVX:
1.93
DOV:
3.95
CVX:
2.02
DOV:
$8.28B
CVX:
$185.89B
DOV:
$3.27B
CVX:
$47.27B
DOV:
$1.78B
CVX:
$40.44B
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
DOV vs. CVX — Risk / Return Rank
DOV
CVX
DOV vs. CVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dover Corporation (DOV) and Chevron Corporation (CVX). 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.
| DOV | CVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.27 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 2.48 | -0.98 |
| Martin ratioReturn relative to average drawdown | 3.42 | 6.10 | -2.67 |
Loading charts...
Drawdowns
DOV vs. CVX - Drawdown Comparison
The maximum DOV drawdown since its inception was -58.22%, roughly equal to the maximum CVX drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for DOV and CVX.
Loading charts...
Drawdown Indicators
| DOV | CVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.22% | -55.77% | -2.45% |
Max Drawdown (1Y)Largest decline over 1 year | -15.34% | -13.99% | -1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -26.59% | -20.64% | -5.95% |
Max Drawdown (5Y)Largest decline over 5 years | -35.56% | -24.95% | -10.61% |
Max Drawdown (10Y)Largest decline over 10 years | -45.24% | -55.77% | +10.53% |
Current DrawdownCurrent decline from peak | -6.36% | -10.52% | +4.16% |
Average DrawdownAverage peak-to-trough decline | -13.14% | -11.39% | -1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.71% | 5.68% | +1.03% |
Volatility
DOV vs. CVX - Volatility Comparison
The current volatility for Dover Corporation (DOV) is 7.17%, while Chevron Corporation (CVX) has a volatility of 7.62%. This indicates that DOV experiences smaller price fluctuations and is considered to be less risky than CVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DOV | CVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.17% | 7.62% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 18.33% | 17.86% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.36% | 22.06% | +2.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.87% | 25.15% | -0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.75% | 29.16% | -2.41% |
Dividends
DOV vs. CVX - Dividend Comparison
DOV's dividend yield for the trailing twelve months is around 0.96%, less than CVX's 3.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVX Chevron Corporation | 3.73% | 4.49% | 4.50% | 4.05% | 3.16% | 4.52% | 6.11% | 3.95% | 4.12% | 3.45% | 3.64% | 4.76% |
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
DOV vs. CVX - Financials Comparison
This section allows you to compare key financial metrics between Dover Corporation and Chevron 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
DOV vs. CVX - Profitability Comparison
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%.
CVX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Chevron Corporation reported a gross profit of 4.55B and revenue of 47.56B. Therefore, the gross margin over that period was 9.6%.
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%.
CVX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Chevron Corporation reported an operating income of 3.24B and revenue of 47.56B, resulting in an operating margin of 6.8%.
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%.
CVX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Chevron Corporation reported a net income of 2.21B and revenue of 47.56B, resulting in a net margin of 4.7%.
Frequently Asked Questions
DOV and CVX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVX has higher volatility (7.62%) compared to DOV (7.17%). In terms of maximum drawdown, DOV dropped -58.22% vs CVX's -55.77%.
CVX currently has the higher Sharpe Ratio (1.57 vs 0.94), 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 DOV and CVX
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