AEHL vs LIN: Correlation
How closely do Antelope Enterprise Holdings Limited - Class A (AEHL) and Linde plc (LIN) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEHL and LIN?
Over the past 3 years, AEHL and LIN moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.29) sits close to the 3-year figure. Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -3959.0 %².
By 3-year correlation, LIN places #19 of the 26 assets tracked against AEHL. Their recent paths diverged sharply: over the last 12 months LIN outperformed by 75.5 percentage points (-73.6% for AEHL against +1.9% for LIN). One caveat on sizing: AEHL is 72.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AEHL vs LIN: side by side
| AEHL (Antelope Enterprise Holdings Limited - Class A) | LIN (Linde plc) | |
|---|---|---|
| 1-year return | -73.6% | +1.9% |
| 5-year return | -99.9% | +64.6% |
| Volatility (ann.) | 1193.4% | 16.5% |
| Beta vs S&P 500 | 1.91 | 0.37 |
| Max drawdown (3Y) | -100.0% | -19.2% |
| Market cap | – | $223.7B |
| P/E (trailing) | – | 31.6 |
| Dividend yield | 0.00% | 1.26% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | AEHL | LIN |
|---|---|---|
| 2022 | -62.9% | -4.4% |
| 2023 | -56.1% | +27.7% |
| 2024 | -91.1% | +3.2% |
| 2025 | -80.8% | +3.2% |
| 2026 | -52.1% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEHL and LIN good diversifiers for each other?
Yes. With a correlation of -0.20, AEHL and LIN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AEHL and LIN?
The AEHL/LIN correlation stands at -0.20 on a 3-year window (1 year: -0.29, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is LIN a good diversifier for AEHL?
Yes. With a correlation of -0.20, AEHL and LIN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aehl-vs-lin.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aehl-vs-lin/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AEHL correlations · LIN correlations
