STLD vs. ODFL
STLD (Steel Dynamics, Inc.) and ODFL (Old Dominion Freight Line, Inc.) are both stocks. STLD operates in Steel (Basic Materials), while ODFL operates in Trucking (Industrials). Over the past 10 years, STLD returned 28.87%/yr vs 29.12%/yr for ODFL. At a 0.31 correlation, their price movements are largely independent.
Performance
STLD vs. ODFL - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with STLD having a 58.17% return and ODFL slightly lower at 57.95%. Both investments have delivered pretty close results over the past 10 years, with STLD having a 28.87% annualized return and ODFL not far ahead at 29.12%.
STLD
- 1D
- -0.48%
- 1M
- 13.65%
- YTD
- 58.17%
- 6M
- 61.80%
- 1Y
- 102.77%
- 3Y*
- 41.16%
- 5Y*
- 34.95%
- 10Y*
- 28.87%
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%
STLD vs. ODFL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
STLD Steel Dynamics, Inc. | 58.17% | 50.70% | -1.99% | 22.75% | 60.14% | 71.42% | 12.46% | 16.78% | -29.02% | 23.34% |
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% |
Correlation
The correlation between STLD and ODFL 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 25, 1996 | 0.31 |
Fundamentals
STLD:
$38.69B
ODFL:
$51.70B
STLD:
$9.33
ODFL:
$4.78
STLD:
28.63
ODFL:
51.64
STLD:
2.07
ODFL:
9.53
STLD:
4.22
ODFL:
11.75
STLD:
$19.01B
ODFL:
$5.46B
STLD:
$2.66B
ODFL:
$1.69B
STLD:
$2.23B
ODFL:
$1.71B
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
STLD vs. ODFL — Risk / Return Rank
STLD
ODFL
STLD vs. ODFL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Steel Dynamics, Inc. (STLD) 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.
| STLD | ODFL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.26 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 5.08 | 2.12 | +2.96 |
| Martin ratioReturn relative to average drawdown | 17.05 | 4.72 | +12.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| STLD | ODFL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.11 | 1.43 | +1.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.42 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.88 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.40 | -0.05 |
Drawdowns
STLD vs. ODFL - Drawdown Comparison
The maximum STLD drawdown since its inception was -87.05%, which is greater than ODFL's maximum drawdown of -66.29%. Use the drawdown chart below to compare losses from any high point for STLD and ODFL.
Loading charts...
Drawdown Indicators
| STLD | ODFL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.05% | -66.29% | -20.76% |
Max Drawdown (1Y)Largest decline over 1 year | -20.33% | -26.06% | +5.73% |
Max Drawdown (3Y)Largest decline over 3 years | -28.66% | -45.18% | +16.52% |
Max Drawdown (5Y)Largest decline over 5 years | -32.20% | -45.18% | +12.98% |
Max Drawdown (10Y)Largest decline over 10 years | -68.46% | -45.18% | -23.28% |
Current DrawdownCurrent decline from peak | -3.49% | 0.00% | -3.49% |
Average DrawdownAverage peak-to-trough decline | -33.29% | -19.10% | -14.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.05% | 11.69% | -5.64% |
Volatility
STLD vs. ODFL - Volatility Comparison
Steel Dynamics, Inc. (STLD) has a higher volatility of 9.30% compared to Old Dominion Freight Line, Inc. (ODFL) at 8.57%. This indicates that STLD's price experiences larger fluctuations and is considered to be riskier than ODFL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| STLD | ODFL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.30% | 8.57% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 24.94% | 28.99% | -4.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.34% | 38.66% | -5.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.03% | 36.33% | +1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.31% | 33.06% | +6.25% |
Dividends
STLD vs. ODFL - Dividend Comparison
STLD's dividend yield for the trailing twelve months is around 0.76%, more than ODFL's 0.46% 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. | 0.76% | 1.18% | 1.61% | 1.44% | 1.39% | 1.68% | 2.71% | 2.82% | 2.50% | 1.44% | 1.57% | 3.08% |
Financials
STLD vs. ODFL - Financials Comparison
This section allows you to compare key financial metrics between Steel Dynamics, Inc. and Old Dominion Freight Line, 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
STLD vs. ODFL - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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
STLD and ODFL 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.
STLD has higher volatility (9.30%) compared to ODFL (8.57%). In terms of maximum drawdown, STLD dropped -87.05% vs ODFL's -66.29%.
STLD currently has the higher Sharpe Ratio (3.11 vs 1.43), 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 STLD and ODFL
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