LIN vs MAS: Correlation
How closely do Linde plc (LIN) and Masco (MAS) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIN and MAS?
On 3 years of weekly data the LIN/MAS correlation comes out at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.46). The 5-year figure is 0.47, and annualized covariance runs at 226.0 %².
Within LIN's tracked universe of 36 assets, MAS comes in at #12 by 3-year correlation. Their 12-month results are close: +1.9% for LIN against -0.5% for MAS. The rolling one-year correlation moved between 0.25 and 0.68 over the past three years, a moderate range. Risk is not evenly split, since MAS carries 1.8 times the volatility of the other side.
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.
LIN vs MAS: side by side
| LIN (Linde plc) | MAS (Masco) | |
|---|---|---|
| 1-year return | +1.9% | -0.5% |
| 5-year return | +64.6% | +29.1% |
| Volatility (ann.) | 16.5% | 29.6% |
| Beta vs S&P 500 | 0.37 | 0.95 |
| Max drawdown (3Y) | -19.2% | -30.9% |
| Market cap | $223.7B | $14.4B |
| P/E (trailing) | 31.6 | 17.0 |
| Dividend yield | 1.26% | 1.71% |
| Sector / category | Materials | Industrials |
Year-by-year returns
| Year | LIN | MAS |
|---|---|---|
| 2022 | -4.4% | -32.1% |
| 2023 | +27.7% | +46.6% |
| 2024 | +3.2% | +10.0% |
| 2025 | +3.2% | -10.9% |
| 2026 | +14.6% | +16.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIN and MAS good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LIN and MAS?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.35 over the last year and 0.47 over 5 years.
Is MAS a good diversifier for LIN?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lin-vs-mas.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: LIN correlations · MAS correlations
