DOV vs. HUBB

Last updated Jun 3, 2026

DOV (Dover Corporation) and HUBB (Hubbell Incorporated) are both stocks. Both are in the Industrials sector — DOV in Specialty Industrial Machinery, HUBB in Electrical Equipment & Parts. Over the past 10 years, DOV returned 16.54%/yr vs 18.91%/yr for HUBB. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

DOV vs. HUBB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dover Corporation (DOV) and Hubbell Incorporated (HUBB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with DOV having a 9.02% return and HUBB slightly lower at 8.80%. Over the past 10 years, DOV has underperformed HUBB with an annualized return of 16.54%, while HUBB has yielded a comparatively higher 18.91% annualized return.

DOV

• 1D: 2.07%
• 1M: -5.95%
• YTD: 9.02%
• 6M: 13.53%
• 1Y: 21.57%
• 3Y*: 16.16%
• 5Y*: 8.19%
• 10Y*: 16.54%

HUBB

• 1D: 3.79%
• 1M: -5.22%
• YTD: 8.80%
• 6M: 13.04%
• 1Y: 27.51%
• 3Y*: 19.26%
• 5Y*: 22.14%
• 10Y*: 18.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DOV vs. HUBB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DOV Dover Corporation	9.02%	5.24%	23.35%	15.22%	-24.34%	45.73%	11.53%	65.80%	-11.11%	37.68%
HUBB Hubbell Incorporated	8.80%	7.43%	28.94%	42.40%	15.08%	35.60%	8.89%	52.88%	-24.61%	18.83%

Correlation

The correlation between DOV and HUBB 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	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.60
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Dec 28, 2015	0.62

The correlation between DOV and HUBB has been stable across timeframes, ranging from 0.57 to 0.62 - a consistent structural relationship.

Fundamentals

Market Cap DOV : $28.79B HUBB : $25.62B
EPS DOV : $8.01 HUBB : $16.89
PE Ratio DOV : 26.44 HUBB : 28.44
PEG Ratio DOV : 1.10 HUBB : 1.19
PS Ratio DOV : 3.52 HUBB : 4.30
PB Ratio DOV : 3.84 HUBB : 6.78
Total Revenue (TTM) DOV : $8.28B HUBB : $6.00B
Gross Profit (TTM) DOV : $3.27B HUBB : $2.13B
EBITDA (TTM) DOV : $1.78B HUBB : $1.44B

Return for Risk

DOV vs. HUBB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DOV

DOV Risk / Return Rank: 65
DOV Sharpe Ratio Rank: 68
DOV Sortino Ratio Rank: 65
DOV Omega Ratio Rank: 61
DOV Calmar Ratio Rank: 66
DOV Martin Ratio Rank: 66

HUBB

HUBB Risk / Return Rank: 67
HUBB Sharpe Ratio Rank: 70
HUBB Sortino Ratio Rank: 64
HUBB Omega Ratio Rank: 62
HUBB Calmar Ratio Rank: 67
HUBB Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DOV vs. HUBB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dover Corporation (DOV) and Hubbell Incorporated (HUBB). 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	HUBB	Difference
Sharpe ratio Return per unit of total volatility	0.90	0.97	-0.06
Sortino ratio Return per unit of downside risk	1.54	1.47	+0.06
Omega ratio Gain probability vs. loss probability	1.17	1.18	-0.01
Calmar ratio Return relative to maximum drawdown	1.33	1.43	-0.10
Martin ratio Return relative to average drawdown	3.10	4.08	-0.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DOV vs. HUBB - Sharpe Ratio Comparison

The current DOV Sharpe Ratio is 0.90, which is comparable to the HUBB Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of DOV and HUBB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DOV	HUBB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	0.97	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.76	-0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.66	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.65	-0.19

Drawdowns

DOV vs. HUBB - Drawdown Comparison

The maximum DOV drawdown since its inception was -58.22%, which is greater than HUBB's maximum drawdown of -41.63%. Use the drawdown chart below to compare losses from any high point for DOV and HUBB.

Drawdown Indicators

	DOV	HUBB	Difference
Max Drawdown Largest peak-to-trough decline	-58.22%	-41.63%	-16.59%
Max Drawdown (1Y) Largest decline over 1 year	-15.34%	-17.36%	+2.02%
Max Drawdown (3Y) Largest decline over 3 years	-26.59%	-32.65%	+6.06%
Max Drawdown (5Y) Largest decline over 5 years	-35.56%	-32.65%	-2.91%
Max Drawdown (10Y) Largest decline over 10 years	-45.24%	-41.63%	-3.61%
Current Drawdown Current decline from peak	-8.77%	-13.61%	+4.84%
Average Drawdown Average peak-to-trough decline	-13.15%	-7.41%	-5.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.60%	6.09%	+0.51%

Volatility

DOV vs. HUBB - Volatility Comparison

The current volatility for Dover Corporation (DOV) is 6.89%, while Hubbell Incorporated (HUBB) has a volatility of 7.42%. This indicates that DOV experiences smaller price fluctuations and is considered to be less risky than HUBB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOV	HUBB	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.89%	7.42%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	18.06%	22.21%	-4.15%
Volatility (1Y) Calculated over the trailing 1-year period	24.02%	28.67%	-4.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.80%	29.17%	-4.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.78%	28.78%	-2.00%

Dividends

DOV vs. HUBB - Dividend Comparison

DOV's dividend yield for the trailing twelve months is around 0.98%, less than HUBB's 1.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DOV Dover Corporation	0.98%	1.06%	1.09%	1.32%	1.48%	1.10%	1.56%	1.68%	2.55%	1.80%	2.30%	2.67%
HUBB Hubbell Incorporated	1.16%	1.21%	1.19%	1.39%	1.82%	1.92%	2.37%	2.32%	3.17%	2.12%	2.22%	0.00%

Financials

DOV vs. HUBB - Profitability Comparison

The chart below illustrates the profitability comparison between Dover Corporation and Hubbell Incorporated over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

HUBB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hubbell Incorporated reported a gross profit of 505.30M and revenue of 1.52B. Therefore, the gross margin over that period was 33.3%.

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%.

HUBB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hubbell Incorporated reported an operating income of 263.80M and revenue of 1.52B, resulting in an operating margin of 17.4%.

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%.

HUBB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hubbell Incorporated reported a net income of 181.80M and revenue of 1.52B, resulting in a net margin of 12.0%.

Frequently Asked Questions

Can I hold both DOV and HUBB in my portfolio?

DOV and HUBB 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.

Which is riskier, DOV or HUBB?

HUBB has higher volatility (7.42%) compared to DOV (6.89%). In terms of maximum drawdown, DOV dropped -58.22% vs HUBB's -41.63%.

Which has better risk-adjusted returns?

HUBB currently has the higher Sharpe Ratio (0.97 vs 0.90), 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.