ODFL vs. STLD
ODFL (Old Dominion Freight Line, Inc.) and STLD (Steel Dynamics, Inc.) are both stocks. ODFL operates in Trucking (Industrials), while STLD operates in Steel (Basic Materials). Over the past 10 years, ODFL returned 29.45%/yr vs 29.92%/yr for STLD. At a 0.31 correlation, their price movements are largely independent.
Performance
ODFL vs. STLD - Performance Comparison
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Returns By Period
In the year-to-date period, ODFL achieves a 57.15% return, which is significantly lower than STLD's 67.39% return. Both investments have delivered pretty close results over the past 10 years, with ODFL having a 29.45% annualized return and STLD not far ahead at 29.92%.
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%
STLD
- 1D
- 1.15%
- 1M
- 19.27%
- YTD
- 67.39%
- 6M
- 65.42%
- 1Y
- 117.36%
- 3Y*
- 40.23%
- 5Y*
- 36.27%
- 10Y*
- 29.92%
ODFL vs. STLD - 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% |
STLD Steel Dynamics, Inc. | 67.39% | 50.70% | -1.99% | 22.75% | 60.14% | 71.42% | 12.46% | 16.78% | -29.02% | 23.34% |
Correlation
The correlation between ODFL and STLD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 1996 | 0.31 |
Fundamentals
ODFL:
$51.44B
STLD:
$40.94B
ODFL:
$4.78
STLD:
$9.33
ODFL:
51.37
STLD:
30.30
ODFL:
9.48
STLD:
2.19
ODFL:
11.69
STLD:
4.47
ODFL:
$5.46B
STLD:
$19.01B
ODFL:
$1.69B
STLD:
$2.66B
ODFL:
$1.71B
STLD:
$2.23B
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Return for Risk
ODFL vs. STLD — Risk / Return Rank
ODFL
STLD
ODFL vs. STLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Old Dominion Freight Line, Inc. (ODFL) and Steel Dynamics, Inc. (STLD). 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 | STLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.50 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 5.81 | -3.79 |
| Martin ratioReturn relative to average drawdown | 4.50 | 19.49 | -14.99 |
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Drawdowns
ODFL vs. STLD - Drawdown Comparison
The maximum ODFL drawdown since its inception was -66.29%, smaller than the maximum STLD drawdown of -87.05%. Use the drawdown chart below to compare losses from any high point for ODFL and STLD.
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Drawdown Indicators
| ODFL | STLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.29% | -87.05% | +20.76% |
Max Drawdown (1Y)Largest decline over 1 year | -26.06% | -20.33% | -5.73% |
Max Drawdown (3Y)Largest decline over 3 years | -45.18% | -28.66% | -16.52% |
Max Drawdown (5Y)Largest decline over 5 years | -45.18% | -32.20% | -12.98% |
Max Drawdown (10Y)Largest decline over 10 years | -45.18% | -68.46% | +23.28% |
Current DrawdownCurrent decline from peak | -1.20% | 0.00% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -19.09% | -33.27% | +14.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 6.04% | +5.61% |
Volatility
ODFL vs. STLD - Volatility Comparison
Old Dominion Freight Line, Inc. (ODFL) has a higher volatility of 10.52% compared to Steel Dynamics, Inc. (STLD) at 9.70%. This indicates that ODFL's price experiences larger fluctuations and is considered to be riskier than STLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ODFL | STLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.52% | 9.70% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 29.25% | 24.96% | +4.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.94% | 33.38% | +5.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.44% | 38.03% | -1.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.12% | 39.31% | -6.19% |
Dividends
ODFL vs. STLD - Dividend Comparison
ODFL's dividend yield for the trailing twelve months is around 0.46%, less than STLD's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
STLD Steel Dynamics, Inc. | 0.72% | 1.18% | 1.61% | 1.44% | 1.39% | 1.68% | 2.71% | 2.82% | 2.50% | 1.44% | 1.57% | 3.08% |
Financials
ODFL vs. STLD - Financials Comparison
This section allows you to compare key financial metrics between Old Dominion Freight Line, Inc. and Steel Dynamics, Inc.. 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. STLD - 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%.
STLD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Steel Dynamics, Inc. reported a gross profit of 763.22M and revenue of 5.20B. Therefore, the gross margin over that period was 14.7%.
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%.
STLD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Steel Dynamics, Inc. reported an operating income of 538.00M and revenue of 5.20B, resulting in an operating margin of 10.3%.
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%.
STLD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Steel Dynamics, Inc. reported a net income of 403.44M and revenue of 5.20B, resulting in a net margin of 7.8%.
Frequently Asked Questions
ODFL and STLD have a correlation of 0.36, 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 STLD (9.70%). In terms of maximum drawdown, ODFL dropped -66.29% vs STLD's -87.05%.
STLD currently has the higher Sharpe Ratio (3.54 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.
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