LSTR vs ODFL: Correlation
Landstar System, Inc. (LSTR) and Old Dominion (ODFL) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSTR and ODFL?
Over the past 3 years, LSTR and ODFL moved with a correlation of 0.67, which is strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.67 over 3. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 654.3 %².
By 3-year correlation, ODFL places #8 of the 23 assets tracked against LSTR. The trailing year gives LSTR the advantage: +39.9% versus +30.9%, a 9.0-point spread.
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.
LSTR vs ODFL: side by side
| LSTR (Landstar System, Inc.) | ODFL (Old Dominion) | |
|---|---|---|
| 1-year return | +39.9% | +30.9% |
| 5-year return | +17.0% | +39.6% |
| Volatility (ann.) | 28.2% | 34.7% |
| Beta vs S&P 500 | 0.83 | 0.98 |
| Max drawdown (3Y) | -37.5% | -45.2% |
| Market cap | $6.2B | $41.6B |
| P/E (trailing) | 47.0 | 38.3 |
| Dividend yield | 0.88% | 0.57% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | LSTR | ODFL |
|---|---|---|
| 2022 | -7.3% | -20.5% |
| 2023 | +21.2% | +43.5% |
| 2024 | -9.7% | -12.5% |
| 2025 | -14.4% | -10.5% |
| 2026 | +29.2% | +27.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSTR and ODFL good diversifiers for each other?
To a limited degree. At 0.67 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 LSTR and ODFL?
The LSTR/ODFL correlation stands at 0.67 on a 3-year window (1 year: 0.73, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is ODFL a good diversifier for LSTR?
To a limited degree. At 0.67 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 0.67 mean?
A reading of 0.67 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lstr-vs-odfl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lstr-vs-odfl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LSTR correlations · ODFL correlations
