DOV vs. KO

Last updated Jun 9, 2026

DOV (Dover Corporation) and KO (The Coca-Cola Company) are both stocks. DOV operates in Specialty Industrial Machinery (Industrials), while KO operates in Beverages - Non-Alcoholic (Consumer Defensive). Over the past 10 years, DOV returned 16.12%/yr vs 8.99%/yr for KO. At a 0.28 correlation, their price movements are largely independent.

Performance

DOV vs. KO - Performance Comparison

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

Returns By Period

In the year-to-date period, DOV achieves a 11.26% return, which is significantly lower than KO's 14.56% return. Over the past 10 years, DOV has outperformed KO with an annualized return of 16.12%, while KO has yielded a comparatively lower 8.99% 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%

KO

• 1D: 0.08%
• 1M: 1.43%
• YTD: 14.56%
• 6M: 14.00%
• 1Y: 14.71%
• 3Y*: 12.88%
• 5Y*: 10.72%
• 10Y*: 8.99%

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

DOV vs. KO - 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%
KO The Coca-Cola Company	14.56%	15.60%	8.88%	-4.43%	10.61%	11.37%	2.47%	20.60%	6.77%	14.38%

Correlation

The correlation between DOV and KO is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Jul 2, 1985	0.28

Over the past year, the correlation between DOV and KO has dropped to 0.08 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.

Fundamentals

Market Cap DOV : $29.38B KO : $343.14B
EPS DOV : $8.01 KO : $3.18
PE Ratio DOV : 26.98 KO : 25.04
PEG Ratio DOV : 1.12 KO : 3.02
PS Ratio DOV : 3.59 KO : 6.96
PB Ratio DOV : 3.92 KO : 10.20
Total Revenue (TTM) DOV : $8.28B KO : $49.28B
Gross Profit (TTM) DOV : $3.27B KO : $30.43B
EBITDA (TTM) DOV : $1.78B KO : $18.35B

Return for Risk

DOV vs. KO — Risk / Return Rank

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

DOV

DOV Risk / Return Rank: 68
DOV Sharpe Ratio Rank: 70
DOV Sortino Ratio Rank: 67
DOV Omega Ratio Rank: 63
DOV Calmar Ratio Rank: 69
DOV Martin Ratio Rank: 69

KO

KO Risk / Return Rank: 69
KO Sharpe Ratio Rank: 71
KO Sortino Ratio Rank: 66
KO Omega Ratio Rank: 61
KO Calmar Ratio Rank: 74
KO 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. KO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dover Corporation (DOV) and The Coca-Cola Company (KO). 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	KO	Difference
Sharpe ratio: Return per unit of total volatility	0.91	0.90	+0.01
Sortino ratio: Return per unit of downside risk	1.55	1.49	+0.06
Omega ratio: Gain probability vs. loss probability	1.18	1.16	+0.01
Calmar ratio: Return relative to maximum drawdown	1.42	1.87	-0.45
Martin ratio: Return relative to average drawdown	3.27	3.66	-0.39
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. KO - Sharpe Ratio Comparison

The current DOV Sharpe Ratio is 0.91, which is comparable to the KO Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of DOV and KO, 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	KO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.91	0.90	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.67	-0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.50	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.53	-0.07

Drawdowns

DOV vs. KO - Drawdown Comparison

The maximum DOV drawdown since its inception was -58.22%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for DOV and KO.

Drawdown Indicators

	DOV	KO	Difference
Max Drawdown Largest peak-to-trough decline	-58.22%	-68.23%	+10.01%
Max Drawdown (1Y) Largest decline over 1 year	-15.34%	-7.89%	-7.45%
Max Drawdown (3Y) Largest decline over 3 years	-26.59%	-16.26%	-10.33%
Max Drawdown (5Y) Largest decline over 5 years	-35.56%	-17.27%	-18.29%
Max Drawdown (10Y) Largest decline over 10 years	-45.24%	-36.99%	-8.25%
Current Drawdown Current decline from peak	-6.90%	-2.91%	-3.99%
Average Drawdown Average peak-to-trough decline	-13.14%	-16.09%	+2.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.67%	4.03%	+2.64%

Volatility

DOV vs. KO - Volatility Comparison

Dover Corporation (DOV) and The Coca-Cola Company (KO) have volatilities of 5.74% and 5.81%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOV	KO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	5.81%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	17.99%	12.37%	+5.62%
Volatility (1Y) Calculated over the trailing 1-year period	24.02%	16.37%	+7.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.80%	16.10%	+8.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.74%	18.21%	+8.53%

Dividends

DOV vs. KO - Dividend Comparison

DOV's dividend yield for the trailing twelve months is around 0.96%, less than KO's 2.59% 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%
KO The Coca-Cola Company	2.59%	2.92%	3.12%	3.12%	2.77%	2.84%	2.99%	2.89%	3.29%	3.23%	3.38%	3.07%

Financials

DOV vs. KO - Profitability Comparison

The chart below illustrates the profitability comparison between Dover Corporation and The Coca-Cola Company 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%.

KO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported a gross profit of 7.85B and revenue of 12.47B. Therefore, the gross margin over that period was 63.0%.

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%.

KO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported an operating income of 4.36B and revenue of 12.47B, resulting in an operating margin of 35.0%.

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%.

KO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Coca-Cola Company reported a net income of 3.92B and revenue of 12.47B, resulting in a net margin of 31.5%.

Frequently Asked Questions

Can I hold both DOV and KO in my portfolio?

DOV and KO have a correlation of 0.08, 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 KO?

KO has higher volatility (5.81%) compared to DOV (5.74%). In terms of maximum drawdown, DOV dropped -58.22% vs KO's -68.23%.

Which has better risk-adjusted returns?

DOV currently has the higher Sharpe Ratio (0.91 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.