ODFL vs TFII: Correlation
Measured on weekly returns over the past three years, Old Dominion (ODFL) and TFI International Inc. (TFII) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ODFL and TFII?
Over the past 3 years, ODFL and TFII moved with a correlation of 0.69, which is strong. The link has tightened recently: the 1-year correlation (0.80) runs above the 3-year figure (0.69). Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 843.8 %².
Among the 36 assets we track against ODFL, TFII ranks #6 by 3-year correlation. The last year tells two different stories: TFII led by 15.0 percentage points, +30.9% for ODFL against +45.9% for TFII.
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 TFII: side by side
| ODFL (Old Dominion) | TFII (TFI International Inc.) | |
|---|---|---|
| 1-year return | +30.9% | +45.9% |
| 5-year return | +39.6% | +27.7% |
| Volatility (ann.) | 34.7% | 35.1% |
| Beta vs S&P 500 | 0.98 | 1.02 |
| Max drawdown (3Y) | -45.2% | -53.8% |
| Market cap | $41.6B | $11.2B |
| P/E (trailing) | 38.3 | 33.2 |
| Dividend yield | 0.57% | 1.38% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ODFL | TFII |
|---|---|---|
| 2022 | -20.5% | -9.5% |
| 2023 | +43.5% | +37.3% |
| 2024 | -12.5% | +0.5% |
| 2025 | -10.5% | -22.7% |
| 2026 | +27.9% | +32.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ODFL and TFII good diversifiers for each other?
Only partially. A correlation of 0.69 means ODFL and TFII 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 TFII?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.80 over the last year and 0.66 over 5 years.
Is TFII a good diversifier for ODFL?
Only partially. A correlation of 0.69 means ODFL and TFII share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 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-tfii.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/odfl-vs-tfii/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ODFL correlations · TFII correlations
