ELPW vs LIN: Correlation
Elong Power Holding Limited - Class A (ELPW) and Linde plc (LIN) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELPW and LIN?
Over the past 3 years, ELPW and LIN moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.27 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -10617.1 %².
By 3-year correlation, LIN places #23 of the 30 assets tracked against ELPW. Their recent paths diverged sharply: over the last 12 months LIN outperformed by 100.9 percentage points (-99.0% for ELPW against +1.9% for LIN). One caveat on sizing: ELPW is 202.0 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.
ELPW vs LIN: side by side
| ELPW (Elong Power Holding Limited - Class A) | LIN (Linde plc) | |
|---|---|---|
| 1-year return | -99.0% | +1.9% |
| 5-year return | n/a | +64.6% |
| Volatility (ann.) | 3332.8% | 16.5% |
| Beta vs S&P 500 | 3.98 | 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 | ELPW | LIN |
|---|---|---|
| 2022 | – | -4.4% |
| 2023 | – | +27.7% |
| 2024 | -87.5% | +3.2% |
| 2025 | -91.4% | +3.2% |
| 2026 | -97.4% | +14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELPW and LIN good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ELPW and LIN?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.27 over the last year and n/a over 5 years.
Is LIN a good diversifier for ELPW?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/elpw-vs-lin.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/elpw-vs-lin/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ELPW correlations · LIN correlations
