DOV vs. MCHP
DOV (Dover Corporation) and MCHP (Microchip Technology Incorporated) are both stocks. DOV operates in Specialty Industrial Machinery (Industrials), while MCHP operates in Semiconductors (Technology). Over the past 10 years, DOV returned 16.36%/yr vs 15.99%/yr for MCHP. At a 0.39 correlation, their price movements are largely independent.
Performance
DOV vs. MCHP - Performance Comparison
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Returns By Period
In the year-to-date period, DOV achieves a 11.89% return, which is significantly lower than MCHP's 51.10% return. Both investments have delivered pretty close results over the past 10 years, with DOV having a 16.36% annualized return and MCHP not far behind at 15.99%.
DOV
- 1D
- -0.50%
- 1M
- 3.41%
- YTD
- 11.89%
- 6M
- 9.71%
- 1Y
- 24.45%
- 3Y*
- 15.73%
- 5Y*
- 8.79%
- 10Y*
- 16.36%
MCHP
- 1D
- 2.47%
- 1M
- 1.99%
- YTD
- 51.10%
- 6M
- 43.32%
- 1Y
- 48.83%
- 3Y*
- 6.19%
- 5Y*
- 6.57%
- 10Y*
- 15.99%
DOV vs. MCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DOV Dover Corporation | 11.89% | 5.24% | 23.35% | 15.22% | -24.34% | 45.73% | 11.53% | 65.80% | -11.11% | 37.68% |
MCHP Microchip Technology Incorporated | 51.10% | 14.61% | -34.96% | 30.90% | -17.98% | 27.49% | 33.73% | 48.02% | -16.71% | 39.46% |
Correlation
The correlation between DOV and MCHP is 0.52, 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 | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 1993 | 0.39 |
The correlation between DOV and MCHP shifts across timeframes, from 0.39 (all time) to 0.55 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
DOV:
$8.01
MCHP:
$0.43
DOV:
27.14
MCHP:
221.70
DOV:
1.12
MCHP:
3.34
DOV:
3.61
MCHP:
8.20
DOV:
$8.28B
MCHP:
$4.71B
DOV:
$3.27B
MCHP:
$2.72B
DOV:
$1.78B
MCHP:
$1.02B
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Return for Risk
DOV vs. MCHP — Risk / Return Rank
DOV
MCHP
DOV vs. MCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dover Corporation (DOV) and Microchip Technology Incorporated (MCHP). 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 | MCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.28 | +0.21 |
| Martin ratioReturn relative to average drawdown | 3.42 | 3.40 | +0.02 |
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Drawdowns
DOV vs. MCHP - Drawdown Comparison
The maximum DOV drawdown since its inception was -58.22%, smaller than the maximum MCHP drawdown of -63.77%. Use the drawdown chart below to compare losses from any high point for DOV and MCHP.
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Drawdown Indicators
| DOV | MCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.22% | -63.77% | +5.55% |
Max Drawdown (1Y)Largest decline over 1 year | -15.34% | -34.41% | +19.07% |
Max Drawdown (3Y)Largest decline over 3 years | -26.59% | -63.77% | +37.18% |
Max Drawdown (5Y)Largest decline over 5 years | -35.56% | -63.77% | +28.21% |
Max Drawdown (10Y)Largest decline over 10 years | -45.24% | -63.77% | +18.53% |
Current DrawdownCurrent decline from peak | -6.36% | -7.00% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -13.14% | -16.71% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.71% | 12.99% | -6.28% |
Volatility
DOV vs. MCHP - Volatility Comparison
The current volatility for Dover Corporation (DOV) is 7.17%, while Microchip Technology Incorporated (MCHP) has a volatility of 16.18%. This indicates that DOV experiences smaller price fluctuations and is considered to be less risky than MCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOV | MCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.17% | 16.18% | -9.01% |
Volatility (6M)Calculated over the trailing 6-month period | 18.33% | 32.33% | -14.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.36% | 44.05% | -19.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.87% | 44.17% | -19.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.75% | 41.91% | -15.16% |
Dividends
DOV vs. MCHP - Dividend Comparison
DOV's dividend yield for the trailing twelve months is around 0.96%, less than MCHP's 1.91% 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% |
MCHP Microchip Technology Incorporated | 1.91% | 2.86% | 3.16% | 1.76% | 1.65% | 0.98% | 1.07% | 1.40% | 2.02% | 1.65% | 2.24% | 3.07% |
Financials
DOV vs. MCHP - Financials Comparison
This section allows you to compare key financial metrics between Dover Corporation and Microchip Technology Incorporated. 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. MCHP - 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%.
MCHP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Microchip Technology Incorporated reported a gross profit of 967.30M and revenue of 1.31B. Therefore, the gross margin over that period was 73.8%.
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%.
MCHP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Microchip Technology Incorporated reported an operating income of 211.10M and revenue of 1.31B, resulting in an operating margin of 16.1%.
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%.
MCHP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Microchip Technology Incorporated reported a net income of 116.40M and revenue of 1.31B, resulting in a net margin of 8.9%.
Frequently Asked Questions
DOV and MCHP have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCHP has higher volatility (16.18%) compared to DOV (7.17%). In terms of maximum drawdown, DOV dropped -58.22% vs MCHP's -63.77%.
MCHP currently has the higher Sharpe Ratio (1.01 vs 0.94), 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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