ODFL vs RUSHA: Correlation
Measured on weekly returns over the past three years, Old Dominion (ODFL) and Rush Enterprises, Inc. (RUSHA) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ODFL and RUSHA?
On 3 years of weekly data the ODFL/RUSHA correlation comes out at 0.58, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.58 over 3. The 5-year figure is 0.55, and annualized covariance runs at 630.9 %².
By 3-year correlation, RUSHA places #16 of the 36 assets tracked against ODFL. Neither side won the trailing year by much: +30.9% against +31.8%.
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 RUSHA: side by side
| ODFL (Old Dominion) | RUSHA (Rush Enterprises, Inc.) | |
|---|---|---|
| 1-year return | +30.9% | +31.8% |
| 5-year return | +39.6% | +177.5% |
| Volatility (ann.) | 34.7% | 31.3% |
| Beta vs S&P 500 | 0.98 | 0.93 |
| Max drawdown (3Y) | -45.2% | -26.8% |
| Market cap | $41.6B | $8.3B |
| P/E (trailing) | 38.3 | 23.2 |
| Dividend yield | 0.57% | 0.99% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ODFL | RUSHA |
|---|---|---|
| 2022 | -20.5% | -4.5% |
| 2023 | +43.5% | +46.7% |
| 2024 | -12.5% | +10.4% |
| 2025 | -10.5% | -0.2% |
| 2026 | +27.9% | +42.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ODFL and RUSHA good diversifiers for each other?
Only partially. A correlation of 0.58 means ODFL and RUSHA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ODFL and RUSHA?
The ODFL/RUSHA correlation stands at 0.58 on a 3-year window (1 year: 0.52, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is RUSHA a good diversifier for ODFL?
Only partially. A correlation of 0.58 means ODFL and RUSHA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 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/odfl-vs-rusha.json
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Related comparisons
Hubs: ODFL correlations · RUSHA correlations
