EXPD vs ODFL: Correlation
Measured on weekly returns over the past three years, Expeditors International (EXPD) and Old Dominion (ODFL) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPD and ODFL?
Over the past 3 years, EXPD and ODFL moved with a correlation of 0.41, which is moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 342.8 %².
By 3-year correlation, ODFL places #19 of the 33 assets tracked against EXPD. The last year tells two different stories: EXPD led by 26.6 percentage points, +57.5% for EXPD against +30.9% for ODFL. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.20 to 0.72.
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.
EXPD vs ODFL: side by side
| EXPD (Expeditors International) | ODFL (Old Dominion) | |
|---|---|---|
| 1-year return | +57.5% | +30.9% |
| 5-year return | +60.9% | +39.6% |
| Volatility (ann.) | 24.2% | 34.7% |
| Beta vs S&P 500 | 0.65 | 0.98 |
| Max drawdown (3Y) | -21.3% | -45.2% |
| Market cap | $24.8B | $41.6B |
| P/E (trailing) | 27.7 | 38.3 |
| Dividend yield | 0.83% | 0.57% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | EXPD | ODFL |
|---|---|---|
| 2022 | -21.7% | -20.5% |
| 2023 | +23.9% | +43.5% |
| 2024 | -11.9% | -12.5% |
| 2025 | +36.2% | -10.5% |
| 2026 | +28.7% | +27.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPD and ODFL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EXPD and ODFL?
As of 2026-08-27, the correlation of weekly returns between EXPD and ODFL is 0.41 over 3 years, 0.37 over 1 year and 0.53 over 5 years.
Is ODFL a good diversifier for EXPD?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/expd-vs-odfl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/expd-vs-odfl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXPD correlations · ODFL correlations
