ODFL vs. CVS
ODFL (Old Dominion Freight Line, Inc.) and CVS (CVS Health Corporation) are both stocks. ODFL operates in Trucking (Industrials), while CVS operates in Healthcare Plans (Healthcare). Over the past 10 years, ODFL returned 29.45%/yr vs 3.70%/yr for CVS. At a 0.20 correlation, their price movements are largely independent.
Performance
ODFL vs. CVS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ODFL achieves a 57.15% return, which is significantly higher than CVS's 30.67% return. Over the past 10 years, ODFL has outperformed CVS with an annualized return of 29.45%, while CVS has yielded a comparatively lower 3.70% annualized return.
ODFL
- 1D
- -0.81%
- 1M
- 30.07%
- YTD
- 57.15%
- 6M
- 54.50%
- 1Y
- 52.30%
- 3Y*
- 17.00%
- 5Y*
- 14.95%
- 10Y*
- 29.45%
CVS
- 1D
- 1.47%
- 1M
- 3.92%
- YTD
- 30.67%
- 6M
- 30.57%
- 1Y
- 59.29%
- 3Y*
- 16.60%
- 5Y*
- 7.08%
- 10Y*
- 3.70%
ODFL vs. CVS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ODFL Old Dominion Freight Line, Inc. | 57.15% | -10.47% | -12.51% | 43.46% | -20.48% | 84.15% | 54.81% | 54.36% | -5.79% | 54.11% |
CVS CVS Health Corporation | 30.67% | 84.35% | -40.77% | -12.53% | -7.63% | 54.87% | -5.14% | 17.26% | -7.04% | -5.75% |
Correlation
The correlation between ODFL and CVS is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 1991 | 0.20 |
The correlation between ODFL and CVS shifts across timeframes, from 0.05 (1 year) to 0.21 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
ODFL:
$51.44B
CVS:
$130.41B
ODFL:
$4.78
CVS:
$2.30
ODFL:
51.37
CVS:
44.29
ODFL:
9.48
CVS:
0.32
ODFL:
11.69
CVS:
1.68
ODFL:
$5.46B
CVS:
$407.91B
ODFL:
$1.69B
CVS:
$56.59B
ODFL:
$1.71B
CVS:
$9.99B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ODFL vs. CVS — Risk / Return Rank
ODFL
CVS
ODFL vs. CVS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Old Dominion Freight Line, Inc. (ODFL) and CVS Health Corporation (CVS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ODFL | CVS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.35 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 3.62 | -1.61 |
| Martin ratioReturn relative to average drawdown | 4.50 | 9.33 | -4.82 |
Loading charts...
Drawdowns
ODFL vs. CVS - Drawdown Comparison
The maximum ODFL drawdown since its inception was -66.29%, roughly equal to the maximum CVS drawdown of -64.07%. Use the drawdown chart below to compare losses from any high point for ODFL and CVS.
Loading charts...
Drawdown Indicators
| ODFL | CVS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.29% | -64.07% | -2.22% |
Max Drawdown (1Y)Largest decline over 1 year | -26.06% | -16.44% | -9.62% |
Max Drawdown (3Y)Largest decline over 3 years | -45.18% | -43.98% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -45.18% | -56.79% | +11.61% |
Max Drawdown (10Y)Largest decline over 10 years | -45.18% | -56.79% | +11.61% |
Current DrawdownCurrent decline from peak | -1.20% | 0.00% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -19.09% | -19.54% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 6.38% | +5.27% |
Volatility
ODFL vs. CVS - Volatility Comparison
Old Dominion Freight Line, Inc. (ODFL) has a higher volatility of 10.52% compared to CVS Health Corporation (CVS) at 7.50%. This indicates that ODFL's price experiences larger fluctuations and is considered to be riskier than CVS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ODFL | CVS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.52% | 7.50% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 29.25% | 25.88% | +3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.94% | 31.05% | +7.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.44% | 29.98% | +6.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.12% | 29.30% | +3.82% |
Dividends
ODFL vs. CVS - Dividend Comparison
ODFL's dividend yield for the trailing twelve months is around 0.46%, less than CVS's 2.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVS CVS Health Corporation | 2.61% | 3.35% | 5.93% | 3.06% | 2.36% | 1.94% | 2.93% | 2.69% | 3.05% | 2.76% | 2.15% | 1.43% |
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% | 0.00% | 0.00% |
Financials
ODFL vs. CVS - Financials Comparison
This section allows you to compare key financial metrics between Old Dominion Freight Line, Inc. and CVS Health Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
ODFL vs. CVS - Profitability Comparison
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%.
CVS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CVS Health Corporation reported a gross profit of 15.62B and revenue of 100.43B. Therefore, the gross margin over that period was 15.6%.
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%.
CVS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CVS Health Corporation reported an operating income of 4.68B and revenue of 100.43B, resulting in an operating margin of 4.7%.
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%.
CVS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CVS Health Corporation reported a net income of 2.94B and revenue of 100.43B, resulting in a net margin of 2.9%.
Frequently Asked Questions
ODFL and CVS have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ODFL has higher volatility (10.52%) compared to CVS (7.50%). In terms of maximum drawdown, ODFL dropped -66.29% vs CVS's -64.07%.
CVS currently has the higher Sharpe Ratio (1.92 vs 1.35), 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.
Find the right allocation for ODFL and CVS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer