MDRR vs ODFL: Correlation
How closely do Medalist Diversified, Inc. (MDRR) and Old Dominion (ODFL) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MDRR and ODFL?
Over the past 3 years, MDRR and ODFL moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -197.7 %².
Within MDRR's tracked universe of 36 assets, ODFL comes in at #24 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ODFL outperformed by 26.1 percentage points (+4.8% for MDRR against +30.9% for ODFL).
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.
MDRR vs ODFL: side by side
| MDRR (Medalist Diversified, Inc.) | ODFL (Old Dominion) | |
|---|---|---|
| 1-year return | +4.8% | +30.9% |
| 5-year return | -31.3% | +39.6% |
| Volatility (ann.) | 28.1% | 34.7% |
| Beta vs S&P 500 | -0.02 | 0.98 |
| Max drawdown (3Y) | -29.5% | -45.2% |
| Market cap | – | $41.6B |
| P/E (trailing) | 3.1 | 38.3 |
| Dividend yield | 2.21% | 0.57% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | MDRR | ODFL |
|---|---|---|
| 2022 | -37.3% | -20.5% |
| 2023 | -4.0% | +43.5% |
| 2024 | +28.6% | -12.5% |
| 2025 | -5.5% | -10.5% |
| 2026 | -0.7% | +27.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MDRR and ODFL good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MDRR and ODFL?
As of 2026-08-27, the correlation of weekly returns between MDRR and ODFL is -0.20 over 3 years, -0.22 over 1 year and -0.06 over 5 years.
Is ODFL a good diversifier for MDRR?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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/mdrr-vs-odfl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mdrr-vs-odfl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MDRR correlations · ODFL correlations
