ODFL vs. MIDD
ODFL (Old Dominion Freight Line, Inc.) and MIDD (The Middleby Corporation) are both stocks. Both are in the Industrials sector — ODFL in Trucking, MIDD in Specialty Industrial Machinery. Over the past 10 years, ODFL returned 29.12%/yr vs 2.38%/yr for MIDD. At a 0.27 correlation, their price movements are largely independent.
Performance
ODFL vs. MIDD - 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 MIDD's 5.97% return. Over the past 10 years, ODFL has outperformed MIDD with an annualized return of 29.12%, while MIDD has yielded a comparatively lower 2.38% 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%
MIDD
- 1D
- 1.68%
- 1M
- -4.33%
- YTD
- 5.97%
- 6M
- 22.90%
- 1Y
- 7.01%
- 3Y*
- 3.76%
- 5Y*
- -1.44%
- 10Y*
- 2.38%
ODFL vs. MIDD - 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% |
MIDD The Middleby Corporation | 5.97% | 9.76% | -7.96% | 9.91% | -31.95% | 52.62% | 17.71% | 6.61% | -23.88% | 4.77% |
Correlation
The correlation between ODFL and MIDD is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 1992 | 0.27 |
Over the past year, ODFL and MIDD have become more correlated (0.53) than their long-term average of 0.27, meaning their price movements have been converging.
Fundamentals
ODFL:
$51.70B
MIDD:
$7.44B
ODFL:
$4.78
MIDD:
-$8.36
ODFL:
9.53
MIDD:
2.16
ODFL:
11.75
MIDD:
3.13
ODFL:
$5.46B
MIDD:
$3.67B
ODFL:
$1.69B
MIDD:
$1.39B
ODFL:
$1.71B
MIDD:
-$2.33M
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Return for Risk
ODFL vs. MIDD — Risk / Return Rank
ODFL
MIDD
ODFL vs. MIDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Old Dominion Freight Line, Inc. (ODFL) and The Middleby Corporation (MIDD). 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 | MIDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.07 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 0.27 | +1.85 |
| Martin ratioReturn relative to average drawdown | 4.72 | 0.59 | +4.13 |
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 | MIDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 0.18 | +1.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | -0.04 | +0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | 0.06 | +0.82 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.43 | -0.03 |
Drawdowns
ODFL vs. MIDD - Drawdown Comparison
The maximum ODFL drawdown since its inception was -66.29%, smaller than the maximum MIDD drawdown of -77.27%. Use the drawdown chart below to compare losses from any high point for ODFL and MIDD.
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Drawdown Indicators
| ODFL | MIDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.29% | -77.27% | +10.98% |
Max Drawdown (1Y)Largest decline over 1 year | -26.06% | -25.63% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -45.18% | -35.40% | -9.78% |
Max Drawdown (5Y)Largest decline over 5 years | -45.18% | -44.38% | -0.80% |
Max Drawdown (10Y)Largest decline over 10 years | -45.18% | -69.20% | +24.02% |
Current DrawdownCurrent decline from peak | 0.00% | -21.09% | +21.09% |
Average DrawdownAverage peak-to-trough decline | -19.10% | -24.00% | +4.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.69% | 11.86% | -0.17% |
Volatility
ODFL vs. MIDD - Volatility Comparison
The current volatility for Old Dominion Freight Line, Inc. (ODFL) is 8.57%, while The Middleby Corporation (MIDD) has a volatility of 9.82%. This indicates that ODFL experiences smaller price fluctuations and is considered to be less risky than MIDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ODFL | MIDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.57% | 9.82% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 28.99% | 25.68% | +3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.66% | 38.60% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.33% | 33.69% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.06% | 36.77% | -3.71% |
Dividends
ODFL vs. MIDD - Dividend Comparison
ODFL's dividend yield for the trailing twelve months is around 0.46%, while MIDD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MIDD The Middleby Corporation | 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
ODFL vs. MIDD - Financials Comparison
This section allows you to compare key financial metrics between Old Dominion Freight Line, Inc. and The Middleby 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. MIDD - 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%.
MIDD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Middleby Corporation reported a gross profit of 323.19M and revenue of 839.91M. Therefore, the gross margin over that period was 38.5%.
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%.
MIDD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Middleby Corporation reported an operating income of 134.89M and revenue of 839.91M, resulting in an operating margin of 16.1%.
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%.
MIDD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Middleby Corporation reported a net income of -50.07M and revenue of 839.91M, resulting in a net margin of -6.0%.
Frequently Asked Questions
ODFL and MIDD have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MIDD has higher volatility (9.82%) compared to ODFL (8.57%). In terms of maximum drawdown, ODFL dropped -66.29% vs MIDD's -77.27%.
ODFL currently has the higher Sharpe Ratio (1.43 vs 0.18), 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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