DOV vs. FMCB
DOV (Dover Corporation) and FMCB (Farmers & Merchants Bancorp) are both stocks. DOV operates in Specialty Industrial Machinery (Industrials), while FMCB operates in Banks - Regional (Financial Services). Over the past 10 years, DOV returned 16.12%/yr vs 10.29%/yr for FMCB. At a 0.01 correlation, their price movements are largely independent.
Performance
DOV vs. FMCB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DOV achieves a 11.26% return, which is significantly lower than FMCB's 22.48% return. Over the past 10 years, DOV has outperformed FMCB with an annualized return of 16.12%, while FMCB has yielded a comparatively lower 10.29% annualized return.
DOV
- 1D
- 0.67%
- 1M
- -1.41%
- YTD
- 11.26%
- 6M
- 13.56%
- 1Y
- 21.73%
- 3Y*
- 16.60%
- 5Y*
- 8.83%
- 10Y*
- 16.12%
FMCB
- 1D
- 2.63%
- 1M
- 3.04%
- YTD
- 22.48%
- 6M
- 24.87%
- 1Y
- 39.81%
- 3Y*
- 12.94%
- 5Y*
- 11.17%
- 10Y*
- 10.29%
DOV vs. FMCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DOV Dover Corporation | 11.26% | 5.24% | 23.35% | 15.22% | -24.34% | 45.73% | 11.53% | 65.80% | -11.11% | 37.68% |
FMCB Farmers & Merchants Bancorp | 22.48% | 6.83% | 2.04% | 2.51% | 11.29% | 28.38% | 1.00% | 11.65% | 5.62% | 7.90% |
Correlation
The correlation between DOV and FMCB is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2001 | 0.01 |
The correlation between DOV and FMCB shifts across timeframes, from 0.01 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
DOV:
$29.38B
FMCB:
$923.00M
DOV:
$8.01
FMCB:
$136.25
DOV:
26.98
FMCB:
9.95
DOV:
1.12
FMCB:
0.78
DOV:
3.59
FMCB:
3.05
DOV:
3.92
FMCB:
1.41
DOV:
$8.28B
FMCB:
$308.67M
DOV:
$3.27B
FMCB:
$243.83M
DOV:
$1.78B
FMCB:
$131.11M
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. FMCB — Risk / Return Rank
DOV
FMCB
DOV vs. FMCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dover Corporation (DOV) and Farmers & Merchants Bancorp (FMCB). 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.
| DOV | FMCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.45 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 5.58 | -4.15 |
| Martin ratioReturn relative to average drawdown | 3.27 | 15.66 | -12.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DOV | FMCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 2.13 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.54 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.50 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.43 | +0.03 |
Drawdowns
DOV vs. FMCB - Drawdown Comparison
The maximum DOV drawdown since its inception was -58.22%, which is greater than FMCB's maximum drawdown of -42.00%. Use the drawdown chart below to compare losses from any high point for DOV and FMCB.
Loading charts...
Drawdown Indicators
| DOV | FMCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.22% | -42.00% | -16.22% |
Max Drawdown (1Y)Largest decline over 1 year | -15.34% | -7.17% | -8.17% |
Max Drawdown (3Y)Largest decline over 3 years | -26.59% | -14.32% | -12.27% |
Max Drawdown (5Y)Largest decline over 5 years | -35.56% | -16.91% | -18.65% |
Max Drawdown (10Y)Largest decline over 10 years | -45.24% | -25.24% | -20.00% |
Current DrawdownCurrent decline from peak | -6.90% | -3.39% | -3.51% |
Average DrawdownAverage peak-to-trough decline | -13.14% | -9.64% | -3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.67% | 2.55% | +4.12% |
Volatility
DOV vs. FMCB - Volatility Comparison
The current volatility for Dover Corporation (DOV) is 5.74%, while Farmers & Merchants Bancorp (FMCB) has a volatility of 10.29%. This indicates that DOV experiences smaller price fluctuations and is considered to be less risky than FMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DOV | FMCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.74% | 10.29% | -4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 17.99% | 15.02% | +2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.02% | 18.80% | +5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.80% | 20.83% | +3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.74% | 20.73% | +6.01% |
Dividends
DOV vs. FMCB - Dividend Comparison
DOV's dividend yield for the trailing twelve months is around 0.96%, less than FMCB's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FMCB Farmers & Merchants Bancorp | 1.80% | 1.74% | 1.71% | 1.62% | 1.54% | 1.59% | 1.94% | 1.85% | 1.99% | 2.00% | 2.05% | 2.39% |
Financials
DOV vs. FMCB - Financials Comparison
This section allows you to compare key financial metrics between Dover Corporation and Farmers & Merchants Bancorp. 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. FMCB - 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%.
FMCB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Farmers & Merchants Bancorp reported a gross profit of 61.56M and revenue of 76.87M. Therefore, the gross margin over that period was 80.1%.
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%.
FMCB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Farmers & Merchants Bancorp reported an operating income of 32.38M and revenue of 76.87M, resulting in an operating margin of 42.1%.
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%.
FMCB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Farmers & Merchants Bancorp reported a net income of 24.07M and revenue of 76.87M, resulting in a net margin of 31.3%.
Frequently Asked Questions
DOV and FMCB have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMCB has higher volatility (10.29%) compared to DOV (5.74%). In terms of maximum drawdown, DOV dropped -58.22% vs FMCB's -42.00%.
FMCB currently has the higher Sharpe Ratio (2.13 vs 0.91), 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 FMCB
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