DOV vs. ITW
DOV (Dover Corporation) and ITW (Illinois Tool Works Inc.) are both stocks. Both operate in the Specialty Industrial Machinery industry within the Industrials sector. Over the past 10 years, DOV returned 15.85%/yr vs 11.95%/yr for ITW. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
DOV vs. ITW - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with DOV having a 10.81% return and ITW slightly lower at 10.49%. Over the past 10 years, DOV has outperformed ITW with an annualized return of 15.85%, while ITW has yielded a comparatively lower 11.95% 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%
ITW
- 1D
- 1.25%
- 1M
- 6.28%
- 6M
- 6.67%
- YTD
- 10.49%
- 1Y
- 6.12%
- 3Y*
- 4.75%
- 5Y*
- 5.87%
- 10Y*
- 11.95%
DOV vs. ITW - 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% |
ITW Illinois Tool Works Inc. | 10.49% | -0.43% | -0.97% | 21.56% | -8.46% | 23.60% | 16.42% | 45.60% | -22.10% | 38.92% |
Correlation
The correlation between DOV and ITW is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 1987 | 0.55 |
The correlation between DOV and ITW shifts across timeframes, from 0.55 (all time) to 0.74 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
DOV:
$29.00B
ITW:
$77.34B
DOV:
$8.02
ITW:
$16.16
DOV:
26.84
ITW:
16.64
DOV:
1.11
ITW:
2.76
DOV:
3.57
ITW:
3.21
DOV:
$8.28B
ITW:
$16.22B
DOV:
$3.27B
ITW:
$7.16B
DOV:
$1.78B
ITW:
$4.61B
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Return for Risk
DOV vs. ITW — Risk / Return Rank
DOV
ITW
DOV vs. ITW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dover Corporation (DOV) and Illinois Tool Works Inc. (ITW). 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 | ITW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.06 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 0.30 | +0.63 |
| Martin ratioReturn relative to average drawdown | 2.07 | 0.61 | +1.46 |
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Drawdowns
DOV vs. ITW - Drawdown Comparison
The maximum DOV drawdown since its inception was -58.22%, which is greater than ITW's maximum drawdown of -54.90%. Use the drawdown chart below to compare losses from any high point for DOV and ITW.
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Drawdown Indicators
| DOV | ITW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.22% | -54.90% | -3.32% |
Max Drawdown (1Y)Largest decline over 1 year | -15.34% | -17.44% | +2.10% |
Max Drawdown (3Y)Largest decline over 3 years | -26.59% | -20.63% | -5.96% |
Max Drawdown (5Y)Largest decline over 5 years | -35.56% | -28.05% | -7.51% |
Max Drawdown (10Y)Largest decline over 10 years | -45.24% | -37.85% | -7.39% |
Current DrawdownCurrent decline from peak | -7.27% | -9.16% | +1.89% |
Average DrawdownAverage peak-to-trough decline | -13.13% | -9.84% | -3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.87% | 8.39% | -1.52% |
Volatility
DOV vs. ITW - Volatility Comparison
Dover Corporation (DOV) has a higher volatility of 8.29% compared to Illinois Tool Works Inc. (ITW) at 6.58%. This indicates that DOV's price experiences larger fluctuations and is considered to be riskier than ITW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOV | ITW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 6.58% | +1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 18.70% | 15.99% | +2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.96% | 20.69% | +4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.96% | 21.19% | +3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.67% | 23.77% | +2.90% |
Dividends
DOV vs. ITW - Dividend Comparison
DOV's dividend yield for the trailing twelve months is around 0.97%, less than ITW's 2.40% 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% |
ITW Illinois Tool Works Inc. | 2.40% | 2.53% | 2.29% | 2.07% | 2.30% | 1.91% | 2.17% | 2.30% | 2.81% | 1.71% | 1.96% | 2.23% |
Financials
DOV vs. ITW - Financials Comparison
This section allows you to compare key financial metrics between Dover Corporation and Illinois Tool Works Inc.. 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. ITW - 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%.
ITW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Illinois Tool Works Inc. reported a gross profit of 1.76B and revenue of 4.02B. Therefore, the gross margin over that period was 43.8%.
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%.
ITW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Illinois Tool Works Inc. reported an operating income of 1.02B and revenue of 4.02B, resulting in an operating margin of 25.4%.
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%.
ITW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Illinois Tool Works Inc. reported a net income of 768.00M and revenue of 4.02B, resulting in a net margin of 19.1%.
Frequently Asked Questions
DOV and ITW have a correlation of 0.73, 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 ITW (6.58%). In terms of maximum drawdown, DOV dropped -58.22% vs ITW's -54.90%.
DOV currently has the higher Sharpe Ratio (0.57 vs 0.25), 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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