CTVA vs LIN: Correlation
Corteva (CTVA) and Linde plc (LIN) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTVA and LIN?
Over the past 3 years, CTVA and LIN moved with a correlation of 0.40, which is moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.40). Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 178.3 %².
Within CTVA's tracked universe of 34 assets, LIN comes in at #16 by 3-year correlation. The trailing year gives CTVA the advantage: +10.9% versus +1.9%, a 9.0-point spread. Across three years, the rolling one-year figure varied moderately, from 0.11 to 0.57. One caveat on sizing: CTVA is 1.6 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.
CTVA vs LIN: side by side
| CTVA (Corteva) | LIN (Linde plc) | |
|---|---|---|
| 1-year return | +10.9% | +1.9% |
| 5-year return | +98.2% | +64.6% |
| Volatility (ann.) | 26.8% | 16.5% |
| Beta vs S&P 500 | 0.43 | 0.37 |
| Max drawdown (3Y) | -20.7% | -19.2% |
| Market cap | $55.0B | $223.7B |
| P/E (trailing) | 50.2 | 31.6 |
| Dividend yield | 0.87% | 1.26% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | CTVA | LIN |
|---|---|---|
| 2022 | +25.6% | -4.4% |
| 2023 | -17.5% | +27.7% |
| 2024 | +20.2% | +3.2% |
| 2025 | +18.9% | +3.2% |
| 2026 | +23.5% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTVA and LIN good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CTVA and LIN?
The CTVA/LIN correlation stands at 0.40 on a 3-year window (1 year: 0.52, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is LIN a good diversifier for CTVA?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 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/ctva-vs-lin.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ctva-vs-lin/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CTVA correlations · LIN correlations
