ODFL vs SNDR: Correlation
Measured on weekly returns over the past three years, Old Dominion (ODFL) and Schneider National, Inc. (SNDR) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ODFL and SNDR?
On 3 years of weekly data the ODFL/SNDR correlation comes out at 0.60, strong. The past 12 months show a tighter link (0.73) than the 3-year average (0.60). The 5-year figure is 0.67, and annualized covariance runs at 619.4 %².
Within ODFL's tracked universe of 36 assets, SNDR comes in at #12 by 3-year correlation. On 12-month performance SNDR holds a 12.4-point edge, +30.9% against +43.3%.
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 SNDR: side by side
| ODFL (Old Dominion) | SNDR (Schneider National, Inc.) | |
|---|---|---|
| 1-year return | +30.9% | +43.3% |
| 5-year return | +39.6% | +63.2% |
| Volatility (ann.) | 34.7% | 30.0% |
| Beta vs S&P 500 | 0.98 | 0.52 |
| Max drawdown (3Y) | -45.2% | -38.8% |
| Market cap | $41.6B | $6.2B |
| P/E (trailing) | 38.3 | 55.1 |
| Dividend yield | 0.57% | 1.11% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ODFL | SNDR |
|---|---|---|
| 2022 | -20.5% | -11.9% |
| 2023 | +43.5% | +10.2% |
| 2024 | -12.5% | +16.8% |
| 2025 | -10.5% | -8.0% |
| 2026 | +27.9% | +33.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ODFL and SNDR good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ODFL and SNDR?
The ODFL/SNDR correlation stands at 0.60 on a 3-year window (1 year: 0.73, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is SNDR a good diversifier for ODFL?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 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-sndr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/odfl-vs-sndr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ODFL correlations · SNDR correlations
