ITW vs. DOV
ITW (Illinois Tool Works Inc.) and DOV (Dover Corporation) are both stocks. Both operate in the Specialty Industrial Machinery industry within the Industrials sector. Over the past 10 years, ITW returned 12.18%/yr vs 15.65%/yr for DOV. Their 0.55 correlation means they have sometimes moved together and sometimes differently.
Performance
ITW vs. DOV - Performance Comparison
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Returns By Period
In the year-to-date period, ITW achieves a 17.95% return, which is significantly higher than DOV's 5.30% return. Over the past 10 years, ITW has underperformed DOV with an annualized return of 12.18%, while DOV has yielded a comparatively higher 15.65% annualized return.
ITW
- 1D
- 1.15%
- 1M
- 6.68%
- 6M
- 11.20%
- YTD
- 17.95%
- 1Y
- 14.94%
- 3Y*
- 6.96%
- 5Y*
- 7.33%
- 10Y*
- 12.18%
- ALL TIME*
- 13.71%
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 | |
| $528.12M | $430.35M | $385.52M |
ITW vs. DOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITW Illinois Tool Works Inc. | 17.95% | -0.43% | -0.97% | 21.56% | -8.46% | 23.60% | 16.42% | 45.60% | -22.10% | 38.92% |
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 ITW and DOV is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 1987 | 0.55 |
The correlation between ITW and DOV shifts across timeframes, from 0.55 (all time) to 0.73 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ITW:
$82.56B
DOV:
$27.56B
ITW:
$11.03
DOV:
$8.29
ITW:
26.01
DOV:
24.68
ITW:
4.31
DOV:
1.02
ITW:
5.04
DOV:
3.33
ITW:
28.46
DOV:
3.60
ITW:
$16.47B
DOV:
$8.42B
ITW:
$7.27B
DOV:
$3.33B
ITW:
$4.64B
DOV:
$1.80B
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Return for Risk
ITW vs. DOV — Risk / Return Rank
ITW
DOV
ITW vs. DOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Illinois Tool Works Inc. (ITW) 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.
| ITW | DOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.11 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 0.96 | -0.10 |
| Martin ratioReturn relative to average drawdown | 1.76 | 2.31 | -0.55 |
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Drawdowns
ITW vs. DOV - Drawdown Comparison
The maximum ITW drawdown since its inception was -54.90%, smaller than the maximum DOV drawdown of -58.22%. Use the drawdown chart below to compare losses from any high point for ITW and DOV.
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Drawdown Indicators
| ITW | DOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.90% | -58.22% | +3.32% |
Max Drawdown (1Y)Largest decline over 1 year | -17.44% | -14.82% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -26.59% | +5.96% |
Max Drawdown (5Y)Largest decline over 5 years | -28.05% | -35.56% | +7.51% |
Max Drawdown (10Y)Largest decline over 10 years | -37.85% | -45.24% | +7.39% |
Current DrawdownCurrent decline from peak | -3.03% | -11.88% | +8.85% |
Average DrawdownAverage peak-to-trough decline | -9.83% | -13.12% | +3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.50% | 6.15% | +2.35% |
Volatility
ITW vs. DOV - Volatility Comparison
The current volatility for Illinois Tool Works Inc. (ITW) is 8.35%, while Dover Corporation (DOV) has a volatility of 10.94%. This indicates that ITW 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
| ITW | DOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.35% | 10.94% | -2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 16.82% | 20.76% | -3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.70% | 26.65% | -4.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.42% | 25.15% | -3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.88% | 26.84% | -2.96% |
Dividends
ITW vs. DOV - Dividend Comparison
ITW's dividend yield for the trailing twelve months is around 2.24%, 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% |
ITW Illinois Tool Works Inc. | 2.24% | 2.53% | 2.29% | 2.07% | 2.30% | 1.91% | 2.17% | 2.30% | 2.81% | 1.71% | 1.96% | 2.23% |
Financials
ITW vs. DOV - Financials Comparison
This section allows you to compare key financial metrics between Illinois Tool Works 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
ITW vs. DOV - Profitability Comparison
ITW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Illinois Tool Works Inc. reported a gross profit of 1.90B and revenue of 4.30B. Therefore, the gross margin over that period was 44.1%.
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%.
ITW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Illinois Tool Works Inc. reported an operating income of 1.15B and revenue of 4.30B, resulting in an operating margin of 26.7%.
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%.
ITW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Illinois Tool Works Inc. reported a net income of 815.00M and revenue of 4.30B, resulting in a net margin of 19.0%.
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
ITW and DOV have a correlation of 0.69, 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 ITW (8.35%). In terms of maximum drawdown, ITW dropped -54.90% vs DOV's -58.22%.
ITW currently has the higher Sharpe Ratio (0.69 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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