FMCB vs. DOV
FMCB (Farmers & Merchants Bancorp) and DOV (Dover Corporation) are both stocks. FMCB operates in Banks - Regional (Financial Services), while DOV operates in Specialty Industrial Machinery (Industrials). Over the past 10 years, FMCB returned 11.23%/yr vs 15.65%/yr for DOV. Their 0.01 correlation means their historical movements had little consistent relationship.
Performance
FMCB vs. DOV - Performance Comparison
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Returns By Period
In the year-to-date period, FMCB achieves a 25.69% return, which is significantly higher than DOV's 5.30% return. Over the past 10 years, FMCB has underperformed DOV with an annualized return of 11.23%, while DOV has yielded a comparatively higher 15.65% annualized return.
FMCB
- 1D
- 1.09%
- 1M
- 6.54%
- 6M
- 21.46%
- YTD
- 25.69%
- 1Y
- 34.29%
- 3Y*
- 14.66%
- 5Y*
- 11.66%
- 10Y*
- 11.23%
- ALL TIME*
- 11.05%
DOV
- 1D
- 0.27%
- 1M
- -5.78%
- 6M
- 2.04%
- YTD
- 5.30%
- 1Y
- 14.14%
- 3Y*
- 13.33%
- 5Y*
- 5.43%
- 10Y*
- 15.65%
- ALL TIME*
- 12.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $321.12M | $269.36M | $226.69M | |
| $78.90K | $84.14K | $115.52K |
FMCB vs. DOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMCB Farmers & Merchants Bancorp | 25.69% | 6.83% | 2.04% | 2.51% | 11.29% | 28.38% | 1.00% | 11.65% | 5.62% | 7.90% |
DOV Dover Corporation | 5.30% | 5.24% | 23.35% | 15.22% | -24.34% | 45.73% | 11.53% | 65.80% | -11.11% | 37.68% |
Correlation
The correlation between FMCB and DOV is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.01 |
Fundamentals
FMCB:
$958.82M
DOV:
$27.56B
FMCB:
$136.58
DOV:
$8.29
FMCB:
10.14
DOV:
24.68
FMCB:
0.80
DOV:
1.02
FMCB:
3.11
DOV:
3.33
FMCB:
1.44
DOV:
3.60
FMCB:
$308.67M
DOV:
$8.42B
FMCB:
$243.83M
DOV:
$3.33B
FMCB:
$131.11M
DOV:
$1.80B
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Return for Risk
FMCB vs. DOV — Risk / Return Rank
FMCB
DOV
FMCB vs. DOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Farmers & Merchants Bancorp (FMCB) and Dover Corporation (DOV). 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.
| FMCB | DOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.11 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.30 | 0.96 | +3.34 |
| Martin ratioReturn relative to average drawdown | 10.81 | 2.31 | +8.50 |
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Drawdowns
FMCB vs. DOV - Drawdown Comparison
The maximum FMCB drawdown since its inception was -42.00%, smaller than the maximum DOV drawdown of -58.22%. Use the drawdown chart below to compare losses from any high point for FMCB and DOV.
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Drawdown Indicators
| FMCB | DOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.00% | -58.22% | +16.22% |
Max Drawdown (1Y)Largest decline over 1 year | -8.01% | -14.82% | +6.81% |
Max Drawdown (3Y)Largest decline over 3 years | -14.32% | -26.59% | +12.27% |
Max Drawdown (5Y)Largest decline over 5 years | -16.91% | -35.56% | +18.65% |
Max Drawdown (10Y)Largest decline over 10 years | -25.24% | -45.24% | +20.00% |
Current DrawdownCurrent decline from peak | -0.85% | -11.88% | +11.03% |
Average DrawdownAverage peak-to-trough decline | -9.60% | -13.12% | +3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 6.15% | -2.97% |
Volatility
FMCB vs. DOV - Volatility Comparison
The current volatility for Farmers & Merchants Bancorp (FMCB) is 4.51%, while Dover Corporation (DOV) has a volatility of 10.94%. This indicates that FMCB experiences smaller price fluctuations and is considered to be less risky than DOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMCB | DOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | 10.94% | -6.43% |
Volatility (6M)Calculated over the trailing 6-month period | 14.50% | 20.76% | -6.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 26.65% | -7.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.89% | 25.15% | -4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.62% | 26.84% | -6.22% |
Dividends
FMCB vs. DOV - Dividend Comparison
FMCB's dividend yield for the trailing twelve months is around 1.48%, more than DOV's 1.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DOV Dover Corporation | 1.02% | 1.06% | 1.09% | 1.32% | 1.48% | 1.10% | 1.56% | 1.68% | 2.55% | 1.80% | 2.30% | 2.67% |
FMCB Farmers & Merchants Bancorp | 1.48% | 1.74% | 1.71% | 1.62% | 1.54% | 1.59% | 1.94% | 1.85% | 1.99% | 2.00% | 2.05% | 2.39% |
Financials
FMCB vs. DOV - Financials Comparison
This section allows you to compare key financial metrics between Farmers & Merchants Bancorp and Dover Corporation. 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
FMCB vs. DOV - Profitability Comparison
FMCB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Farmers & Merchants Bancorp reported a gross profit of 61.56M and revenue of 76.87M. Therefore, the gross margin over that period was 80.1%.
DOV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Dover Corporation reported a gross profit of 880.61M and revenue of 2.19B. Therefore, the gross margin over that period was 40.2%.
FMCB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Farmers & Merchants Bancorp reported an operating income of 32.38M and revenue of 76.87M, resulting in an operating margin of 42.1%.
DOV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Dover Corporation reported an operating income of 391.79M and revenue of 2.19B, resulting in an operating margin of 17.9%.
FMCB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Farmers & Merchants Bancorp reported a net income of 24.07M and revenue of 76.87M, resulting in a net margin of 31.3%.
DOV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Dover Corporation reported a net income of 312.25M and revenue of 2.19B, resulting in a net margin of 14.3%.
Frequently Asked Questions
FMCB and DOV have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOV has higher volatility (10.94%) compared to FMCB (4.51%). In terms of maximum drawdown, FMCB dropped -42.00% vs DOV's -58.22%.
FMCB currently has the higher Sharpe Ratio (1.77 vs 0.53), 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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