CLH vs. ODFL

Last updated Jun 9, 2026

CLH (Clean Harbors, Inc.) and ODFL (Old Dominion Freight Line, Inc.) are both stocks. Both are in the Industrials sector — CLH in Waste Management, ODFL in Trucking. Over the past 10 years, CLH returned 18.14%/yr vs 29.12%/yr for ODFL. At a 0.22 correlation, their price movements are largely independent.

Performance

CLH vs. ODFL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Clean Harbors, Inc. (CLH) and Old Dominion Freight Line, Inc. (ODFL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CLH achieves a 18.71% return, which is significantly lower than ODFL's 57.95% return. Over the past 10 years, CLH has underperformed ODFL with an annualized return of 18.14%, while ODFL has yielded a comparatively higher 29.12% annualized return.

CLH

• 1D: -1.65%
• 1M: -4.39%
• YTD: 18.71%
• 6M: 16.47%
• 1Y: 23.18%
• 3Y*: 21.19%
• 5Y*: 24.01%
• 10Y*: 18.14%

ODFL

• 1D: 1.83%
• 1M: 24.70%
• YTD: 57.95%
• 6M: 63.28%
• 1Y: 55.07%
• 3Y*: 17.95%
• 5Y*: 15.19%
• 10Y*: 29.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CLH vs. ODFL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CLH Clean Harbors, Inc.	18.71%	1.89%	31.88%	52.92%	14.38%	31.10%	-11.25%	73.76%	-8.95%	-2.61%
ODFL Old Dominion Freight Line, Inc.	57.95%	-10.47%	-12.51%	43.46%	-20.48%	84.15%	54.81%	54.36%	-5.79%	54.11%

Correlation

The correlation between CLH and ODFL is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Oct 25, 1991	0.22

The correlation between CLH and ODFL shifts across timeframes, from 0.22 (all time) to 0.40 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap CLH : $14.75B ODFL : $51.70B
EPS CLH : $7.40 ODFL : $4.78
PE Ratio CLH : 37.63 ODFL : 51.64
PEG Ratio CLH : 1.50 ODFL : 13.92
PS Ratio CLH : 2.46 ODFL : 9.53
PB Ratio CLH : 5.31 ODFL : 11.75
Total Revenue (TTM) CLH : $6.06B ODFL : $5.46B
Gross Profit (TTM) CLH : $1.81B ODFL : $1.69B
EBITDA (TTM) CLH : $1.07B ODFL : $1.71B

Return for Risk

CLH vs. ODFL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLH

CLH Risk / Return Rank: 66
CLH Sharpe Ratio Rank: 69
CLH Sortino Ratio Rank: 61
CLH Omega Ratio Rank: 65
CLH Calmar Ratio Rank: 66
CLH Martin Ratio Rank: 71

ODFL

ODFL Risk / Return Rank: 77
ODFL Sharpe Ratio Rank: 81
ODFL Sortino Ratio Rank: 76
ODFL Omega Ratio Rank: 75
ODFL Calmar Ratio Rank: 77
ODFL Martin Ratio Rank: 75

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLH vs. ODFL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Clean Harbors, Inc. (CLH) and Old Dominion Freight Line, Inc. (ODFL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CLH	ODFL	Difference
Sharpe ratio: Return per unit of total volatility	0.87	1.43	-0.57
Sortino ratio: Return per unit of downside risk	1.24	1.99	-0.76
Omega ratio: Gain probability vs. loss probability	1.19	1.26	-0.07
Calmar ratio: Return relative to maximum drawdown	1.20	2.12	-0.93
Martin ratio: Return relative to average drawdown	3.75	4.72	-0.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CLH vs. ODFL - Sharpe Ratio Comparison

The current CLH Sharpe Ratio is 0.87, which is lower than the ODFL Sharpe Ratio of 1.43. The chart below compares the historical Sharpe Ratios of CLH and ODFL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CLH	ODFL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	1.43	-0.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.42	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.88	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.40	-0.11

Drawdowns

CLH vs. ODFL - Drawdown Comparison

The maximum CLH drawdown since its inception was -93.48%, which is greater than ODFL's maximum drawdown of -66.29%. Use the drawdown chart below to compare losses from any high point for CLH and ODFL.

Drawdown Indicators

	CLH	ODFL	Difference
Max Drawdown Largest peak-to-trough decline	-93.48%	-66.29%	-27.19%
Max Drawdown (1Y) Largest decline over 1 year	-19.45%	-26.06%	+6.61%
Max Drawdown (3Y) Largest decline over 3 years	-30.86%	-45.18%	+14.32%
Max Drawdown (5Y) Largest decline over 5 years	-30.86%	-45.18%	+14.32%
Max Drawdown (10Y) Largest decline over 10 years	-64.51%	-45.18%	-19.33%
Current Drawdown Current decline from peak	-11.27%	0.00%	-11.27%
Average Drawdown Average peak-to-trough decline	-32.90%	-19.10%	-13.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.20%	11.69%	-5.49%

Volatility

CLH vs. ODFL - Volatility Comparison

Clean Harbors, Inc. (CLH) and Old Dominion Freight Line, Inc. (ODFL) have volatilities of 8.50% and 8.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CLH	ODFL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.50%	8.57%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	18.65%	28.99%	-10.34%
Volatility (1Y) Calculated over the trailing 1-year period	26.95%	38.66%	-11.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.61%	36.33%	-7.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.75%	33.06%	+1.69%

Dividends

CLH vs. ODFL - Dividend Comparison

CLH has not paid dividends to shareholders, while ODFL's dividend yield for the trailing twelve months is around 0.46%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CLH Clean Harbors, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ODFL Old Dominion Freight Line, Inc.	0.46%	0.71%	0.59%	0.39%	0.42%	0.22%	0.31%	0.36%	0.42%	0.38%

Financials

CLH vs. ODFL - Profitability Comparison

The chart below illustrates the profitability comparison between Clean Harbors, Inc. and Old Dominion Freight Line, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CLH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Clean Harbors, Inc. reported a gross profit of 445.42M and revenue of 1.46B. Therefore, the gross margin over that period was 30.5%.

ODFL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Old Dominion Freight Line, Inc. reported a gross profit of 369.26M and revenue of 1.33B. Therefore, the gross margin over that period was 27.7%.

CLH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Clean Harbors, Inc. reported an operating income of 118.94M and revenue of 1.46B, resulting in an operating margin of 8.2%.

ODFL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Old Dominion Freight Line, Inc. reported an operating income of 317.34M and revenue of 1.33B, resulting in an operating margin of 23.8%.

CLH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Clean Harbors, Inc. reported a net income of 63.20M and revenue of 1.46B, resulting in a net margin of 4.3%.

ODFL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Old Dominion Freight Line, Inc. reported a net income of 238.26M and revenue of 1.33B, resulting in a net margin of 17.9%.

Frequently Asked Questions

Can I hold both CLH and ODFL in my portfolio?

CLH and ODFL have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CLH or ODFL?

ODFL has higher volatility (8.57%) compared to CLH (8.50%). In terms of maximum drawdown, CLH dropped -93.48% vs ODFL's -66.29%.

Which has better risk-adjusted returns?

ODFL currently has the higher Sharpe Ratio (1.43 vs 0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.