ODFL vs XPO: Correlation
Measured on weekly returns over the past three years, Old Dominion (ODFL) and XPO, Inc. (XPO) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ODFL and XPO?
On 3 years of weekly data the ODFL/XPO correlation comes out at 0.74, strong. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. The 5-year figure is 0.71, and annualized covariance runs at 1245.2 %².
XPO is one of the assets that tracks ODFL most closely: it ranks #3 out of the 36 assets we track against ODFL. On 12-month performance XPO holds a 14.1-point edge, +30.9% against +45.0%.
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 XPO: side by side
| ODFL (Old Dominion) | XPO (XPO, Inc.) | |
|---|---|---|
| 1-year return | +30.9% | +45.0% |
| 5-year return | +39.6% | +267.0% |
| Volatility (ann.) | 34.7% | 48.7% |
| Beta vs S&P 500 | 0.98 | 1.58 |
| Max drawdown (3Y) | -45.2% | -42.2% |
| Market cap | $41.6B | $22.4B |
| P/E (trailing) | 38.3 | 56.9 |
| Dividend yield | 0.57% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ODFL | XPO |
|---|---|---|
| 2022 | -20.5% | -27.6% |
| 2023 | +43.5% | +163.1% |
| 2024 | -12.5% | +49.7% |
| 2025 | -10.5% | +3.6% |
| 2026 | +27.9% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ODFL and XPO good diversifiers for each other?
To a limited degree. At 0.74 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 XPO?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.73 over the last year and 0.71 over 5 years.
Is XPO a good diversifier for ODFL?
To a limited degree. At 0.74 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 0.74 mean?
On the −1 to +1 scale, 0.74 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.
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Related comparisons
Hubs: ODFL correlations · XPO correlations
