JBHT vs. ODFL

Last updated Jun 3, 2026

JBHT (J.B. Hunt Transport Services, Inc.) and ODFL (Old Dominion Freight Line, Inc.) are both stocks. Both are in the Industrials sector — JBHT in Integrated Freight & Logistics, ODFL in Trucking. Over the past 10 years, JBHT returned 13.93%/yr vs 27.62%/yr for ODFL. At a 0.41 correlation, their price movements are largely independent.

Performance

JBHT vs. ODFL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in J.B. Hunt Transport Services, Inc. (JBHT) 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, JBHT achieves a 42.36% return, which is significantly lower than ODFL's 46.30% return. Over the past 10 years, JBHT has underperformed ODFL with an annualized return of 13.93%, while ODFL has yielded a comparatively higher 27.62% annualized return.

JBHT

• 1D: -1.38%
• 1M: 11.01%
• YTD: 42.36%
• 6M: 48.96%
• 1Y: 103.62%
• 3Y*: 18.03%
• 5Y*: 11.23%
• 10Y*: 13.93%

ODFL

• 1D: 0.24%
• 1M: 11.31%
• YTD: 46.30%
• 6M: 62.49%
• 1Y: 44.18%
• 3Y*: 13.39%
• 5Y*: 12.17%
• 10Y*: 27.62%

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

JBHT vs. ODFL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JBHT J.B. Hunt Transport Services, Inc.	42.36%	15.20%	-13.75%	15.59%	-13.92%	50.64%	18.11%	26.77%	-18.41%	19.60%
ODFL Old Dominion Freight Line, Inc.	46.30%	-10.47%	-12.51%	43.46%	-20.48%	84.15%	54.81%	54.36%	-5.79%	54.11%

Correlation

The correlation between JBHT and ODFL is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Oct 25, 1991	0.41

Over the past year, JBHT and ODFL have become more correlated (0.80) than their long-term average of 0.41, meaning their price movements have been converging.

Fundamentals

Market Cap JBHT : $26.24B ODFL : $47.95B
EPS JBHT : $6.41 ODFL : $4.78
PE Ratio JBHT : 43.01 ODFL : 47.89
PS Ratio JBHT : 2.21 ODFL : 8.84
PB Ratio JBHT : 7.30 ODFL : 10.90
Total Revenue (TTM) JBHT : $12.13B ODFL : $5.46B
Gross Profit (TTM) JBHT : $2.10B ODFL : $1.69B
EBITDA (TTM) JBHT : $1.57B ODFL : $1.71B

Return for Risk

JBHT vs. ODFL — Risk / Return Rank

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

JBHT

JBHT Risk / Return Rank: 93
JBHT Sharpe Ratio Rank: 93
JBHT Sortino Ratio Rank: 95
JBHT Omega Ratio Rank: 92
JBHT Calmar Ratio Rank: 94
JBHT Martin Ratio Rank: 93

ODFL

ODFL Risk / Return Rank: 70
ODFL Sharpe Ratio Rank: 74
ODFL Sortino Ratio Rank: 69
ODFL Omega Ratio Rank: 68
ODFL Calmar Ratio Rank: 71
ODFL Martin Ratio Rank: 70

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.

JBHT vs. ODFL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for J.B. Hunt Transport Services, Inc. (JBHT) 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.

	JBHT	ODFL	Difference
Sharpe ratio Return per unit of total volatility	2.75	1.16	+1.59
Sortino ratio Return per unit of downside risk	4.07	1.71	+2.37
Omega ratio Gain probability vs. loss probability	1.49	1.22	+0.27
Calmar ratio Return relative to maximum drawdown	6.33	1.69	+4.64
Martin ratio Return relative to average drawdown	16.60	3.77	+12.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JBHT vs. ODFL - Sharpe Ratio Comparison

The current JBHT Sharpe Ratio is 2.75, which is higher than the ODFL Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of JBHT 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

	JBHT	ODFL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.75	1.16	+1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.34	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.84	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.40	-0.03

Drawdowns

JBHT vs. ODFL - Drawdown Comparison

The maximum JBHT drawdown since its inception was -71.55%, which is greater than ODFL's maximum drawdown of -66.29%. Use the drawdown chart below to compare losses from any high point for JBHT and ODFL.

Drawdown Indicators

	JBHT	ODFL	Difference
Max Drawdown Largest peak-to-trough decline	-71.55%	-66.29%	-5.26%
Max Drawdown (1Y) Largest decline over 1 year	-15.87%	-26.06%	+10.19%
Max Drawdown (3Y) Largest decline over 3 years	-42.41%	-45.18%	+2.77%
Max Drawdown (5Y) Largest decline over 5 years	-42.41%	-45.18%	+2.77%
Max Drawdown (10Y) Largest decline over 10 years	-42.41%	-45.18%	+2.77%
Current Drawdown Current decline from peak	-1.38%	-0.22%	-1.16%
Average Drawdown Average peak-to-trough decline	-18.56%	-19.10%	+0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.05%	11.69%	-5.64%

Volatility

JBHT vs. ODFL - Volatility Comparison

J.B. Hunt Transport Services, Inc. (JBHT) and Old Dominion Freight Line, Inc. (ODFL) have volatilities of 11.00% and 11.03%, 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

	JBHT	ODFL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.00%	11.03%	-0.03%
Volatility (6M) Calculated over the trailing 6-month period	22.85%	29.43%	-6.58%
Volatility (1Y) Calculated over the trailing 1-year period	37.94%	38.29%	-0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.03%	36.27%	-4.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.88%	33.03%	-3.15%

Dividends

JBHT vs. ODFL - Dividend Comparison

JBHT's dividend yield for the trailing twelve months is around 0.65%, more than ODFL's 0.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JBHT J.B. Hunt Transport Services, Inc.	0.65%	0.91%	1.01%	0.84%	0.92%	0.58%	0.79%	0.89%	1.03%	0.80%	0.91%	1.15%
ODFL Old Dominion Freight Line, Inc.	0.49%	0.71%	0.59%	0.39%	0.42%	0.22%	0.31%	0.36%	0.42%	0.38%	0.00%	0.00%

Financials

JBHT vs. ODFL - Profitability Comparison

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

JBHT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, J.B. Hunt Transport Services, Inc. reported a gross profit of 866.00M and revenue of 3.06B. Therefore, the gross margin over that period was 28.3%.

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%.

JBHT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, J.B. Hunt Transport Services, Inc. reported an operating income of 207.05M and revenue of 3.06B, resulting in an operating margin of 6.8%.

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%.

JBHT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, J.B. Hunt Transport Services, Inc. reported a net income of 141.55M and revenue of 3.06B, resulting in a net margin of 4.6%.

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 JBHT and ODFL in my portfolio?

JBHT and ODFL have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JBHT or ODFL?

ODFL has higher volatility (11.03%) compared to JBHT (11.00%). In terms of maximum drawdown, JBHT dropped -71.55% vs ODFL's -66.29%.

Which has better risk-adjusted returns?

JBHT currently has the higher Sharpe Ratio (2.75 vs 1.16), 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.