DOV vs. QQQ
DOV (Dover Corporation) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 10 years, DOV returned 15.85%/yr vs 21.45%/yr for QQQ. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
DOV vs. QQQ - 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 QQQ's 18.38% return. Over the past 10 years, DOV has underperformed QQQ with an annualized return of 15.85%, while QQQ has yielded a comparatively higher 21.45% 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%
QQQ
- 1D
- 0.31%
- 1M
- 1.28%
- 6M
- 16.05%
- YTD
- 18.38%
- 1Y
- 31.54%
- 3Y*
- 26.10%
- 5Y*
- 15.67%
- 10Y*
- 21.45%
DOV vs. QQQ - 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% |
QQQ Invesco QQQ ETF | 18.38% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Correlation
The correlation between DOV and QQQ is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999 | 0.53 |
The correlation between DOV and QQQ shifts across timeframes, from 0.36 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DOV vs. QQQ — Risk / Return Rank
DOV
QQQ
DOV vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dover Corporation (DOV) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.30 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.62 | -1.69 |
| Martin ratioReturn relative to average drawdown | 2.07 | 9.43 | -7.36 |
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Drawdowns
DOV vs. QQQ - Drawdown Comparison
The maximum DOV drawdown since its inception was -58.22%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for DOV and QQQ.
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Drawdown Indicators
| DOV | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.22% | -82.97% | +24.75% |
Max Drawdown (1Y)Largest decline over 1 year | -15.34% | -11.96% | -3.38% |
Max Drawdown (3Y)Largest decline over 3 years | -26.59% | -22.77% | -3.82% |
Max Drawdown (5Y)Largest decline over 5 years | -35.56% | -35.12% | -0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -45.24% | -35.12% | -10.12% |
Current DrawdownCurrent decline from peak | -7.27% | -2.66% | -4.61% |
Average DrawdownAverage peak-to-trough decline | -13.13% | -32.67% | +19.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.87% | 3.32% | +3.55% |
Volatility
DOV vs. QQQ - Volatility Comparison
Dover Corporation (DOV) and Invesco QQQ ETF (QQQ) have volatilities of 8.29% and 8.71%, 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.
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Volatility by Period
| DOV | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 8.71% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 18.70% | 15.28% | +3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.96% | 18.47% | +6.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.96% | 22.77% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.67% | 22.43% | +4.24% |
Dividends
DOV vs. QQQ - Dividend Comparison
DOV's dividend yield for the trailing twelve months is around 0.97%, more than QQQ's 0.42% 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% |
QQQ Invesco QQQ ETF | 0.42% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Frequently Asked Questions
DOV and QQQ have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QQQ has higher volatility (8.71%) compared to DOV (8.29%). In terms of maximum drawdown, DOV dropped -58.22% vs QQQ's -82.97%.
QQQ currently has the higher Sharpe Ratio (1.70 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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