DOV vs. HTO
DOV (Dover Corporation) and HTO (H2O America) are both stocks. DOV operates in Specialty Industrial Machinery (Industrials), while HTO operates in Utilities - Regulated Water (Utilities). Over the past 10 years, DOV returned 15.85%/yr vs 7.16%/yr for HTO. At a 0.24 correlation, their price movements are largely independent.
Performance
DOV vs. HTO - Performance Comparison
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Returns By Period
In the year-to-date period, DOV achieves a 10.81% return, which is significantly lower than HTO's 27.51% return. Over the past 10 years, DOV has outperformed HTO with an annualized return of 15.85%, while HTO has yielded a comparatively lower 7.16% annualized return.
DOV
- 1D
- 1.78%
- 1M
- -1.46%
- 6M
- 7.16%
- YTD
- 10.81%
- 1Y
- 15.16%
- 3Y*
- 14.24%
- 5Y*
- 8.34%
- 10Y*
- 15.85%
HTO
- 1D
- 0.02%
- 1M
- 8.53%
- 6M
- 21.08%
- YTD
- 27.51%
- 1Y
- 24.76%
- 3Y*
- -0.46%
- 5Y*
- 1.54%
- 10Y*
- 7.16%
DOV vs. HTO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DOV Dover Corporation | 10.81% | 5.24% | 23.35% | 15.22% | -24.34% | 45.73% | 11.53% | 65.80% | -11.11% | 37.68% |
HTO H2O America | 27.51% | 2.92% | -22.57% | -17.78% | 13.40% | 7.66% | -0.43% | 30.19% | -11.20% | 16.22% |
Correlation
The correlation between DOV and HTO is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1985 | 0.24 |
The correlation between DOV and HTO shifts across timeframes, from 0.09 (1 year) to 0.27 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
DOV:
$29.00B
HTO:
$2.15B
DOV:
$8.02
HTO:
$2.86
DOV:
26.84
HTO:
21.50
DOV:
1.11
HTO:
2.23
DOV:
3.57
HTO:
2.77
DOV:
3.91
HTO:
1.29
DOV:
$8.28B
HTO:
$816.28M
DOV:
$3.27B
HTO:
$335.79M
DOV:
$1.78B
HTO:
$273.35M
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Return for Risk
DOV vs. HTO — Risk / Return Rank
DOV
HTO
DOV vs. HTO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dover Corporation (DOV) and H2O America (HTO). 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 | HTO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.18 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 1.78 | -0.85 |
| Martin ratioReturn relative to average drawdown | 2.07 | 4.58 | -2.50 |
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Drawdowns
DOV vs. HTO - Drawdown Comparison
The maximum DOV drawdown since its inception was -58.22%, which is greater than HTO's maximum drawdown of -54.53%. Use the drawdown chart below to compare losses from any high point for DOV and HTO.
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Drawdown Indicators
| DOV | HTO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.22% | -54.53% | -3.69% |
Max Drawdown (1Y)Largest decline over 1 year | -15.34% | -13.14% | -2.20% |
Max Drawdown (3Y)Largest decline over 3 years | -26.59% | -35.14% | +8.55% |
Max Drawdown (5Y)Largest decline over 5 years | -35.56% | -42.85% | +7.29% |
Max Drawdown (10Y)Largest decline over 10 years | -45.24% | -42.85% | -2.39% |
Current DrawdownCurrent decline from peak | -7.27% | -18.81% | +11.54% |
Average DrawdownAverage peak-to-trough decline | -13.13% | -15.91% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.87% | 5.11% | +1.76% |
Volatility
DOV vs. HTO - Volatility Comparison
Dover Corporation (DOV) has a higher volatility of 8.29% compared to H2O America (HTO) at 5.72%. This indicates that DOV's price experiences larger fluctuations and is considered to be riskier than HTO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOV | HTO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 5.72% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 18.70% | 16.79% | +1.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.96% | 22.98% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.96% | 24.01% | +0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.67% | 29.53% | -2.86% |
Dividends
DOV vs. HTO - Dividend Comparison
DOV's dividend yield for the trailing twelve months is around 0.97%, less than HTO's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOV Dover Corporation | 0.97% | 1.06% | 1.09% | 1.32% | 1.48% | 1.10% | 1.56% | 1.68% | 2.55% | 1.80% | 2.30% | 2.67% |
HTO H2O America | 2.80% | 3.43% | 3.25% | 2.33% | 1.77% | 1.86% | 1.85% | 1.69% | 2.01% | 1.63% | 1.45% | 2.63% |
Financials
DOV vs. HTO - Financials Comparison
This section allows you to compare key financial metrics between Dover Corporation and H2O America. 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. HTO - Profitability Comparison
DOV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
HTO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, H2O America reported a gross profit of 0.00 and revenue of 183.29M. Therefore, the gross margin over that period was 0.0%.
DOV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Dover Corporation reported an operating income of 305.91M and revenue of 2.05B, resulting in an operating margin of 14.9%.
HTO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, H2O America reported an operating income of 37.43M and revenue of 183.29M, resulting in an operating margin of 20.4%.
DOV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Dover Corporation reported a net income of 238.43M and revenue of 2.05B, resulting in a net margin of 11.6%.
HTO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, H2O America reported a net income of 19.01M and revenue of 183.29M, resulting in a net margin of 10.4%.
Frequently Asked Questions
DOV and HTO have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOV has higher volatility (8.29%) compared to HTO (5.72%). In terms of maximum drawdown, DOV dropped -58.22% vs HTO's -54.53%.
HTO currently has the higher Sharpe Ratio (1.02 vs 0.57), 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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