TFII.TO vs. ODFL

Last updated Jun 6, 2026

TFII.TO (TFI International Inc.) and ODFL (Old Dominion Freight Line, Inc.) are both stocks. Both operate in the Trucking industry within the Industrials sector. Over the past 10 years, TFII.TO returned 27.23%/yr vs 29.53%/yr for ODFL. At a 0.38 correlation, their price movements are largely independent.

Performance

TFII.TO vs. ODFL - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in TFI International Inc. (TFII.TO) and Old Dominion Freight Line, Inc. (ODFL). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TFII.TO is traded in CAD, while ODFL is traded in USD. To make them comparable, the ODFL values have been converted to CAD using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with TFII.TO having a 57.45% return and ODFL slightly higher at 57.55%. Over the past 10 years, TFII.TO has underperformed ODFL with an annualized return of 27.23%, while ODFL has yielded a comparatively higher 29.53% annualized return.

TFII.TO

• 1D: -0.28%
• 1M: 17.01%
• YTD: 57.45%
• 6M: 66.66%
• 1Y: 91.42%
• 3Y*: 16.41%
• 5Y*: 15.75%
• 10Y*: 27.23%

ODFL

• 1D: -0.99%
• 1M: 23.77%
• YTD: 57.55%
• 6M: 58.16%
• 1Y: 55.86%
• 3Y*: 18.61%
• 5Y*: 17.15%
• 10Y*: 29.53%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TFII.TO vs. ODFL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TFII.TO TFI International Inc.	57.45%	-25.45%	9.01%	34.47%	-3.27%	118.27%	53.29%	27.01%	9.91%	-3.38%
ODFL Old Dominion Freight Line, Inc.	57.55%	-14.58%	-4.99%	40.30%	-14.81%	82.48%	52.20%	46.77%	2.20%	44.30%

Correlation

The correlation between TFII.TO and ODFL is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jun 25, 2009	0.38

Over the past year, TFII.TO and ODFL have become more correlated (0.66) than their long-term average of 0.38, meaning their price movements have been converging.

Fundamentals

Market Cap TFII.TO : CA$18.32B ODFL : $50.77B
EPS TFII.TO : CA$3.93 ODFL : $4.78
PE Ratio TFII.TO : 56.55 ODFL : 50.71
PS Ratio TFII.TO : 2.14 ODFL : 9.36
PB Ratio TFII.TO : 6.88 ODFL : 11.54
Total Revenue (TTM) TFII.TO : CA$8.59B ODFL : $5.46B
Gross Profit (TTM) TFII.TO : CA$1.03B ODFL : $1.69B
EBITDA (TTM) TFII.TO : CA$1.25B ODFL : $1.71B

Return for Risk

TFII.TO vs. ODFL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TFII.TO

TFII.TO Risk / Return Rank: 90
TFII.TO Sharpe Ratio Rank: 92
TFII.TO Sortino Ratio Rank: 89
TFII.TO Omega Ratio Rank: 88
TFII.TO Calmar Ratio Rank: 90
TFII.TO Martin Ratio Rank: 93

ODFL

ODFL Risk / Return Rank: 75
ODFL Sharpe Ratio Rank: 79
ODFL Sortino Ratio Rank: 74
ODFL Omega Ratio Rank: 73
ODFL Calmar Ratio Rank: 75
ODFL Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TFII.TO vs. ODFL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TFI International Inc. (TFII.TO) 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.

	TFII.TO	ODFL	Difference
Sharpe ratio: Return per unit of total volatility	2.48	1.46	+1.02
Sortino ratio: Return per unit of downside risk	3.05	2.03	+1.02
Omega ratio: Gain probability vs. loss probability	1.39	1.26	+0.13
Calmar ratio: Return relative to maximum drawdown	4.48	2.37	+2.11
Martin ratio: Return relative to average drawdown	14.28	5.22	+9.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TFII.TO vs. ODFL - Sharpe Ratio Comparison

The current TFII.TO Sharpe Ratio is 2.48, which is higher than the ODFL Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of TFII.TO and ODFL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TFII.TO	ODFL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	1.46	+1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.48	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.92	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.91	-0.40

Drawdowns

TFII.TO vs. ODFL - Drawdown Comparison

The maximum TFII.TO drawdown since its inception was -79.23%, which is greater than ODFL's maximum drawdown of -44.51%. Use the drawdown chart below to compare losses from any high point for TFII.TO and ODFL.

Drawdown Indicators

	TFII.TO	ODFL	Difference
Max Drawdown Largest peak-to-trough decline	-79.23%	-44.51%	-34.72%
Max Drawdown (1Y) Largest decline over 1 year	-20.53%	-23.67%	+3.14%
Max Drawdown (3Y) Largest decline over 3 years	-51.49%	-44.51%	-6.98%
Max Drawdown (5Y) Largest decline over 5 years	-51.49%	-44.51%	-6.98%
Max Drawdown (10Y) Largest decline over 10 years	-51.49%	-44.51%	-6.98%
Current Drawdown Current decline from peak	-0.28%	-0.99%	+0.71%
Average Drawdown Average peak-to-trough decline	-16.77%	-9.80%	-6.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.42%	10.74%	-4.32%

Volatility

TFII.TO vs. ODFL - Volatility Comparison

TFI International Inc. (TFII.TO) and Old Dominion Freight Line, Inc. (ODFL) have volatilities of 8.49% and 8.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TFII.TO	ODFL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.49%	8.90%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	26.09%	29.36%	-3.27%
Volatility (1Y) Calculated over the trailing 1-year period	37.04%	38.52%	-1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.98%	35.52%	+0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.74%	32.21%	+2.53%

Dividends

TFII.TO vs. ODFL - Dividend Comparison

TFII.TO's dividend yield for the trailing twelve months is around 1.14%, more than ODFL's 0.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ODFL Old Dominion Freight Line, Inc.	0.47%	0.71%	0.59%	0.39%	0.42%	0.22%	0.31%	0.36%	0.42%	0.38%	0.00%	0.00%
TFII.TO TFI International Inc.	1.14%	1.78%	1.17%	1.08%	1.08%	0.68%	1.63%	2.24%	2.46%	2.37%	2.01%	2.88%

Financials

TFII.TO vs. ODFL - Profitability Comparison

The chart below illustrates the profitability comparison between TFI International Inc. and Old Dominion Freight Line, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TFII.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TFI International Inc. reported a gross profit of 196.80M and revenue of 1.92B. Therefore, the gross margin over that period was 10.3%.

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%.

TFII.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TFI International Inc. reported an operating income of 84.82M and revenue of 1.92B, resulting in an operating margin of 4.4%.

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%.

TFII.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TFI International Inc. reported a net income of 42.60M and revenue of 1.92B, resulting in a net 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%.

Frequently Asked Questions

Can I hold both TFII.TO and ODFL in my portfolio?

TFII.TO and ODFL have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.