ODFL vs. MCK
ODFL (Old Dominion Freight Line, Inc.) and MCK (McKesson Corporation) are both stocks. ODFL operates in Trucking (Industrials), while MCK operates in Medical Distribution (Healthcare). Over the past 10 years, ODFL returned 29.12%/yr vs 16.13%/yr for MCK. At a 0.19 correlation, their price movements are largely independent.
Performance
ODFL vs. MCK - Performance Comparison
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Returns By Period
In the year-to-date period, ODFL achieves a 57.95% return, which is significantly higher than MCK's -6.36% return. Over the past 10 years, ODFL has outperformed MCK with an annualized return of 29.12%, while MCK has yielded a comparatively lower 16.13% annualized return.
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%
MCK
- 1D
- -1.16%
- 1M
- 4.27%
- YTD
- -6.36%
- 6M
- -3.74%
- 1Y
- 7.98%
- 3Y*
- 25.42%
- 5Y*
- 32.82%
- 10Y*
- 16.13%
ODFL vs. MCK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
MCK McKesson Corporation | -6.36% | 44.54% | 23.67% | 24.13% | 51.82% | 44.23% | 27.06% | 26.72% | -28.40% | 11.95% |
Correlation
The correlation between ODFL and MCK is -0.03, 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 | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 1994 | 0.19 |
The correlation between ODFL and MCK shifts across timeframes, from -0.03 (1 year) to 0.20 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
ODFL:
$51.70B
MCK:
$94.07B
ODFL:
$4.78
MCK:
$38.38
ODFL:
51.64
MCK:
19.97
ODFL:
13.92
MCK:
0.27
ODFL:
9.53
MCK:
0.24
ODFL:
11.75
MCK:
13.60
ODFL:
$5.46B
MCK:
$403.43B
ODFL:
$1.69B
MCK:
$14.55B
ODFL:
$1.71B
MCK:
$6.91B
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Return for Risk
ODFL vs. MCK — Risk / Return Rank
ODFL
MCK
ODFL vs. MCK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Old Dominion Freight Line, Inc. (ODFL) and McKesson Corporation (MCK). 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.
| ODFL | MCK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.08 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 0.29 | +1.83 |
| Martin ratioReturn relative to average drawdown | 4.72 | 0.79 | +3.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ODFL | MCK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 0.28 | +1.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 1.36 | -0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.56 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.44 | -0.04 |
Drawdowns
ODFL vs. MCK - Drawdown Comparison
The maximum ODFL drawdown since its inception was -66.29%, smaller than the maximum MCK drawdown of -82.84%. Use the drawdown chart below to compare losses from any high point for ODFL and MCK.
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Drawdown Indicators
| ODFL | MCK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.29% | -82.84% | +16.55% |
Max Drawdown (1Y)Largest decline over 1 year | -26.06% | -27.17% | +1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -45.18% | -27.17% | -18.01% |
Max Drawdown (5Y)Largest decline over 5 years | -45.18% | -27.17% | -18.01% |
Max Drawdown (10Y)Largest decline over 10 years | -45.18% | -44.23% | -0.95% |
Current DrawdownCurrent decline from peak | 0.00% | -22.92% | +22.92% |
Average DrawdownAverage peak-to-trough decline | -19.10% | -28.65% | +9.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.69% | 10.06% | +1.63% |
Volatility
ODFL vs. MCK - Volatility Comparison
Old Dominion Freight Line, Inc. (ODFL) has a higher volatility of 8.57% compared to McKesson Corporation (MCK) at 6.94%. This indicates that ODFL's price experiences larger fluctuations and is considered to be riskier than MCK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ODFL | MCK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.57% | 6.94% | +1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 28.99% | 22.76% | +6.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.66% | 29.16% | +9.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.33% | 24.20% | +12.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.06% | 28.82% | +4.24% |
Dividends
ODFL vs. MCK - Dividend Comparison
ODFL's dividend yield for the trailing twelve months is around 0.46%, more than MCK's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCK McKesson Corporation | 0.43% | 0.37% | 0.47% | 0.50% | 0.54% | 0.72% | 0.95% | 1.16% | 1.32% | 0.80% | 0.80% | 0.53% |
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. MCK - Financials Comparison
This section allows you to compare key financial metrics between Old Dominion Freight Line, Inc. and McKesson 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. MCK - 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%.
MCK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, McKesson Corporation reported a gross profit of 4.04B and revenue of 96.30B. Therefore, the gross margin over that period was 4.2%.
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%.
MCK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, McKesson Corporation reported an operating income of 2.09B and revenue of 96.30B, resulting in an operating margin of 2.2%.
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%.
MCK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, McKesson Corporation reported a net income of 1.68B and revenue of 96.30B, resulting in a net margin of 1.8%.
Frequently Asked Questions
ODFL and MCK have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ODFL has higher volatility (8.57%) compared to MCK (6.94%). In terms of maximum drawdown, ODFL dropped -66.29% vs MCK's -82.84%.
ODFL currently has the higher Sharpe Ratio (1.43 vs 0.28), 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.
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