HON vs. DOV
HON (Honeywell International Inc) and DOV (Dover Corporation) are both stocks. Both are in the Industrials sector — HON in Conglomerates, DOV in Specialty Industrial Machinery. Over the past 10 years, HON returned 10.02%/yr vs 16.36%/yr for DOV. At a 0.48 correlation, their price movements are largely independent.
Performance
HON vs. DOV - Performance Comparison
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Returns By Period
In the year-to-date period, HON achieves a 14.11% return, which is significantly higher than DOV's 11.89% return. Over the past 10 years, HON has underperformed DOV with an annualized return of 10.02%, while DOV has yielded a comparatively higher 16.36% annualized return.
HON
- 1D
- 0.54%
- 1M
- 3.32%
- YTD
- 14.11%
- 6M
- 14.95%
- 1Y
- 6.49%
- 3Y*
- 7.43%
- 5Y*
- 2.86%
- 10Y*
- 10.02%
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%
HON vs. DOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HON Honeywell International Inc | 14.11% | -6.37% | 10.02% | 0.02% | 4.90% | -0.29% | 22.97% | 36.70% | -8.27% | 35.10% |
DOV Dover Corporation | 11.89% | 5.24% | 23.35% | 15.22% | -24.34% | 45.73% | 11.53% | 65.80% | -11.11% | 37.68% |
Correlation
The correlation between HON and DOV is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 1985 | 0.48 |
The correlation between HON and DOV shifts across timeframes, from 0.48 (3 years) to 0.63 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
HON:
$140.65B
DOV:
$29.55B
HON:
$6.42
DOV:
$8.01
HON:
34.34
DOV:
27.14
HON:
3.83
DOV:
3.61
HON:
6.60
DOV:
3.95
HON:
$36.76B
DOV:
$8.28B
HON:
$13.58B
DOV:
$3.27B
HON:
$6.55B
DOV:
$1.78B
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Return for Risk
HON vs. DOV — Risk / Return Rank
HON
DOV
HON vs. DOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Honeywell International Inc (HON) 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.
| HON | DOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.18 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 1.50 | -1.16 |
| Martin ratioReturn relative to average drawdown | 0.59 | 3.42 | -2.84 |
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Drawdowns
HON vs. DOV - Drawdown Comparison
The maximum HON drawdown since its inception was -70.09%, which is greater than DOV's maximum drawdown of -58.22%. Use the drawdown chart below to compare losses from any high point for HON and DOV.
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Drawdown Indicators
| HON | DOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.09% | -58.22% | -11.87% |
Max Drawdown (1Y)Largest decline over 1 year | -16.54% | -15.34% | -1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -22.10% | -26.59% | +4.49% |
Max Drawdown (5Y)Largest decline over 5 years | -27.13% | -35.56% | +8.43% |
Max Drawdown (10Y)Largest decline over 10 years | -43.01% | -45.24% | +2.23% |
Current DrawdownCurrent decline from peak | -10.69% | -6.36% | -4.33% |
Average DrawdownAverage peak-to-trough decline | -20.28% | -13.14% | -7.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.68% | 6.71% | +2.97% |
Volatility
HON vs. DOV - Volatility Comparison
Honeywell International Inc (HON) has a higher volatility of 11.56% compared to Dover Corporation (DOV) at 7.17%. This indicates that HON's price experiences larger fluctuations and is considered to be riskier 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
| HON | DOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.56% | 7.17% | +4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 18.95% | 18.33% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.12% | 24.36% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.02% | 24.87% | -2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.64% | 26.75% | -3.11% |
Dividends
HON vs. DOV - Dividend Comparison
HON's dividend yield for the trailing twelve months is around 2.10%, more than DOV's 0.96% 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% |
HON Honeywell International Inc | 2.10% | 2.25% | 1.93% | 1.99% | 1.85% | 1.81% | 1.71% | 1.90% | 2.24% | 1.79% | 2.11% | 2.07% |
Financials
HON vs. DOV - Financials Comparison
This section allows you to compare key financial metrics between Honeywell International Inc 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
HON vs. DOV - Profitability Comparison
HON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Honeywell International Inc reported a gross profit of 3.54B and revenue of 9.14B. Therefore, the gross margin over that period was 38.7%.
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%.
HON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Honeywell International Inc reported an operating income of 886.00M and revenue of 9.14B, resulting in an operating margin of 9.7%.
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%.
HON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Honeywell International Inc reported a net income of 821.00M and revenue of 9.14B, resulting in a net margin of 9.0%.
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%.
Frequently Asked Questions
HON and DOV have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HON has higher volatility (11.56%) compared to DOV (7.17%). In terms of maximum drawdown, HON dropped -70.09% vs DOV's -58.22%.
DOV currently has the higher Sharpe Ratio (0.94 vs 0.24), 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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