IEX vs. DOV
IEX (IDEX Corporation) and DOV (Dover Corporation) are both stocks. Both operate in the Specialty Industrial Machinery industry within the Industrials sector. Over the past 10 years, IEX returned 11.21%/yr vs 16.63%/yr for DOV. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
IEX vs. DOV - Performance Comparison
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Returns By Period
In the year-to-date period, IEX achieves a 21.89% return, which is significantly higher than DOV's 9.88% return. Over the past 10 years, IEX has underperformed DOV with an annualized return of 11.21%, while DOV has yielded a comparatively higher 16.63% annualized return.
IEX
- 1D
- 1.51%
- 1M
- 0.83%
- YTD
- 21.89%
- 6M
- 21.71%
- 1Y
- 20.12%
- 3Y*
- 2.48%
- 5Y*
- 0.36%
- 10Y*
- 11.21%
DOV
- 1D
- 0.79%
- 1M
- -3.09%
- YTD
- 9.88%
- 6M
- 12.75%
- 1Y
- 21.22%
- 3Y*
- 16.47%
- 5Y*
- 8.20%
- 10Y*
- 16.63%
IEX vs. DOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEX IDEX Corporation | 21.89% | -13.69% | -2.35% | -3.80% | -2.22% | 19.82% | 17.22% | 37.94% | -3.16% | 48.53% |
DOV Dover Corporation | 9.88% | 5.24% | 23.35% | 15.22% | -24.34% | 45.73% | 11.53% | 65.80% | -11.11% | 37.68% |
Correlation
The correlation between IEX and DOV is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 24, 1991 | 0.50 |
Over the past year, IEX and DOV have become more correlated (0.73) than their long-term average of 0.50, meaning their price movements have been converging.
Fundamentals
IEX:
$16.02B
DOV:
$29.01B
IEX:
$6.77
DOV:
$8.01
IEX:
31.82
DOV:
26.65
IEX:
9.39
DOV:
1.10
IEX:
4.58
DOV:
3.55
IEX:
3.96
DOV:
3.87
IEX:
$3.53B
DOV:
$8.28B
IEX:
$1.57B
DOV:
$3.27B
IEX:
$885.40M
DOV:
$1.78B
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Return for Risk
IEX vs. DOV — Risk / Return Rank
IEX
DOV
IEX vs. DOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IDEX Corporation (IEX) 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.
| IEX | DOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.17 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 1.39 | -0.06 |
| Martin ratioReturn relative to average drawdown | 2.59 | 3.22 | -0.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IEX | DOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.89 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.33 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.62 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.46 | -0.32 |
Drawdowns
IEX vs. DOV - Drawdown Comparison
The maximum IEX drawdown since its inception was -81.60%, which is greater than DOV's maximum drawdown of -58.22%. Use the drawdown chart below to compare losses from any high point for IEX and DOV.
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Drawdown Indicators
| IEX | DOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.60% | -58.22% | -23.38% |
Max Drawdown (1Y)Largest decline over 1 year | -15.17% | -15.34% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -34.60% | -26.59% | -8.01% |
Max Drawdown (5Y)Largest decline over 5 years | -34.60% | -35.56% | +0.96% |
Max Drawdown (10Y)Largest decline over 10 years | -35.52% | -45.24% | +9.72% |
Current DrawdownCurrent decline from peak | -9.57% | -8.05% | -1.52% |
Average DrawdownAverage peak-to-trough decline | -11.44% | -13.15% | +1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.78% | 6.62% | +1.16% |
Volatility
IEX vs. DOV - Volatility Comparison
The current volatility for IDEX Corporation (IEX) is 5.83%, while Dover Corporation (DOV) has a volatility of 6.66%. This indicates that IEX 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
| IEX | DOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 6.66% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 16.95% | 18.07% | -1.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.76% | 24.01% | +1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.02% | 24.80% | -0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.25% | 26.77% | -2.52% |
Dividends
IEX vs. DOV - Dividend Comparison
IEX's dividend yield for the trailing twelve months is around 1.33%, more than DOV's 0.97% 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% |
IEX IDEX Corporation | 1.33% | 1.58% | 1.29% | 1.16% | 1.02% | 0.90% | 1.00% | 1.12% | 1.31% | 1.10% | 1.49% | 1.62% |
Financials
IEX vs. DOV - Financials Comparison
This section allows you to compare key financial metrics between IDEX Corporation 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
IEX vs. DOV - Profitability Comparison
IEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IDEX Corporation reported a gross profit of 398.10M and revenue of 886.90M. Therefore, the gross margin over that period was 44.9%.
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%.
IEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IDEX Corporation reported an operating income of 172.40M and revenue of 886.90M, resulting in an operating margin of 19.4%.
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%.
IEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IDEX Corporation reported a net income of 120.00M and revenue of 886.90M, resulting in a net margin of 13.5%.
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
IEX and DOV have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOV has higher volatility (6.66%) compared to IEX (5.83%). In terms of maximum drawdown, IEX dropped -81.60% vs DOV's -58.22%.
DOV currently has the higher Sharpe Ratio (0.89 vs 0.79), 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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