PCAR vs. DOV
PCAR (PACCAR Inc) and DOV (Dover Corporation) are both stocks. Both are in the Industrials sector — PCAR in Farm & Heavy Construction Machinery, DOV in Specialty Industrial Machinery. Over the past 10 years, PCAR returned 16.80%/yr vs 16.36%/yr for DOV. At a 0.48 correlation, their price movements are largely independent.
Performance
PCAR vs. DOV - Performance Comparison
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Returns By Period
In the year-to-date period, PCAR achieves a 8.85% return, which is significantly lower than DOV's 11.89% return. Both investments have delivered pretty close results over the past 10 years, with PCAR having a 16.80% annualized return and DOV not far behind at 16.36%.
PCAR
- 1D
- 0.80%
- 1M
- 7.43%
- YTD
- 8.85%
- 6M
- 8.20%
- 1Y
- 32.26%
- 3Y*
- 18.53%
- 5Y*
- 18.29%
- 10Y*
- 16.80%
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%
PCAR vs. DOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCAR PACCAR Inc | 8.85% | 8.03% | 10.81% | 55.01% | 17.00% | 5.63% | 11.74% | 45.05% | -15.32% | 14.82% |
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 PCAR and DOV is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 1986 | 0.48 |
The correlation between PCAR and DOV shifts across timeframes, from 0.48 (all time) to 0.65 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PCAR:
$62.51B
DOV:
$29.55B
PCAR:
$4.70
DOV:
$8.01
PCAR:
25.22
DOV:
27.14
PCAR:
1.66
DOV:
1.12
PCAR:
2.29
DOV:
3.61
PCAR:
$27.24B
DOV:
$8.28B
PCAR:
$4.12B
DOV:
$3.27B
PCAR:
$3.38B
DOV:
$1.78B
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Return for Risk
PCAR vs. DOV — Risk / Return Rank
PCAR
DOV
PCAR vs. DOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PACCAR Inc (PCAR) 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.
| PCAR | DOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.50 | +0.46 |
| Martin ratioReturn relative to average drawdown | 4.91 | 3.42 | +1.49 |
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Drawdowns
PCAR vs. DOV - Drawdown Comparison
The maximum PCAR drawdown since its inception was -66.16%, which is greater than DOV's maximum drawdown of -58.22%. Use the drawdown chart below to compare losses from any high point for PCAR and DOV.
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Drawdown Indicators
| PCAR | DOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.16% | -58.22% | -7.94% |
Max Drawdown (1Y)Largest decline over 1 year | -15.29% | -15.34% | +0.05% |
Max Drawdown (3Y)Largest decline over 3 years | -27.75% | -26.59% | -1.16% |
Max Drawdown (5Y)Largest decline over 5 years | -27.75% | -35.56% | +7.81% |
Max Drawdown (10Y)Largest decline over 10 years | -37.84% | -45.24% | +7.40% |
Current DrawdownCurrent decline from peak | -8.18% | -6.36% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -14.42% | -13.14% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.09% | 6.71% | -0.62% |
Volatility
PCAR vs. DOV - Volatility Comparison
PACCAR Inc (PCAR) has a higher volatility of 9.54% compared to Dover Corporation (DOV) at 7.17%. This indicates that PCAR'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
| PCAR | DOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.54% | 7.17% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 19.26% | 18.33% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.97% | 24.36% | +2.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.84% | 24.87% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.27% | 26.75% | -0.48% |
Dividends
PCAR vs. DOV - Dividend Comparison
PCAR's dividend yield for the trailing twelve months is around 2.31%, 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% |
PCAR PACCAR Inc | 2.31% | 2.48% | 4.01% | 4.34% | 4.23% | 3.22% | 2.29% | 4.53% | 5.41% | 3.08% | 2.44% | 4.89% |
Financials
PCAR vs. DOV - Financials Comparison
This section allows you to compare key financial metrics between PACCAR 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
PCAR vs. DOV - Profitability Comparison
PCAR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PACCAR Inc reported a gross profit of 817.80M and revenue of 6.23B. Therefore, the gross margin over that period was 13.1%.
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%.
PCAR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PACCAR Inc reported an operating income of 559.10M and revenue of 6.23B, resulting in an operating margin of 9.0%.
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%.
PCAR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PACCAR Inc reported a net income of 605.30M and revenue of 6.23B, resulting in a net margin of 9.7%.
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
PCAR and DOV have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCAR has higher volatility (9.54%) compared to DOV (7.17%). In terms of maximum drawdown, PCAR dropped -66.16% vs DOV's -58.22%.
PCAR currently has the higher Sharpe Ratio (1.11 vs 0.94), 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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