ODFL vs R: Correlation
Old Dominion (ODFL) and Ryder System, Inc. (R) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ODFL and R?
Over the past 3 years, ODFL and R moved with a correlation of 0.59, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.70 versus 0.59 over 3 years. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 634.2 %².
By 3-year correlation, R places #14 of the 36 assets tracked against ODFL. Their 12-month results are close: +30.9% for ODFL against +34.9% for R.
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.
ODFL vs R: side by side
| ODFL (Old Dominion) | R (Ryder System, Inc.) | |
|---|---|---|
| 1-year return | +30.9% | +34.9% |
| 5-year return | +39.6% | +245.8% |
| Volatility (ann.) | 34.7% | 31.1% |
| Beta vs S&P 500 | 0.98 | 1.09 |
| Max drawdown (3Y) | -45.2% | -23.9% |
| Market cap | $41.6B | $9.5B |
| P/E (trailing) | 38.3 | 20.3 |
| Dividend yield | 0.57% | 1.46% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ODFL | R |
|---|---|---|
| 2022 | -20.5% | +4.4% |
| 2023 | +43.5% | +41.6% |
| 2024 | -12.5% | +39.5% |
| 2025 | -10.5% | +24.5% |
| 2026 | +27.9% | +31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ODFL and R good diversifiers for each other?
To a limited degree. At 0.59 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 ODFL and R?
As of 2026-08-27, the correlation of weekly returns between ODFL and R is 0.59 over 3 years, 0.70 over 1 year and 0.55 over 5 years.
Is R a good diversifier for ODFL?
To a limited degree. At 0.59 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 0.59 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/odfl-vs-r.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/odfl-vs-r/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ODFL correlations · R correlations
