ARCB vs ODFL: Correlation
Measured on weekly returns over the past three years, ArcBest Corporation (ARCB) and Old Dominion (ODFL) carry a correlation of 0.78, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARCB and ODFL?
Over the past 3 years, ARCB and ODFL moved with a correlation of 0.78, which is strong. Recent behaviour matches the longer record: 0.83 over 1 year against 0.78 over 3. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 1269.5 %².
Few assets follow ARCB as closely as ODFL, which ranks #1 of 18 tracked partners. Correlation aside, the last 12 months split them widely, with ARCB ahead by 59.3 points (+90.2% versus +30.9%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ARCB vs ODFL: side by side
| ARCB (ArcBest Corporation) | ODFL (Old Dominion) | |
|---|---|---|
| 1-year return | +90.2% | +30.9% |
| 5-year return | +107.2% | +39.6% |
| Volatility (ann.) | 46.8% | 34.7% |
| Beta vs S&P 500 | 1.33 | 0.98 |
| Max drawdown (3Y) | -62.4% | -45.2% |
| Market cap | $3.1B | $41.6B |
| P/E (trailing) | 198.7 | 38.3 |
| Dividend yield | 0.35% | 0.57% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ARCB | ODFL |
|---|---|---|
| 2022 | -41.2% | -20.5% |
| 2023 | +72.4% | +43.5% |
| 2024 | -22.1% | -12.5% |
| 2025 | -20.0% | -10.5% |
| 2026 | +88.1% | +27.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARCB and ODFL good diversifiers for each other?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ARCB and ODFL?
As of 2026-08-27, the correlation of weekly returns between ARCB and ODFL is 0.78 over 3 years, 0.83 over 1 year and 0.73 over 5 years.
Is ODFL a good diversifier for ARCB?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.78 mean?
On the −1 to +1 scale, 0.78 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/arcb-vs-odfl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arcb-vs-odfl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARCB correlations · ODFL correlations
