LIN vs MSI: Correlation
Linde plc (LIN) and Motorola Solutions (MSI) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIN and MSI?
On 3 years of weekly data the LIN/MSI correlation comes out at 0.44, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.44 over 3. The 5-year figure is 0.48, and annualized covariance runs at 162.0 %².
Among the 36 assets we track against LIN, MSI ranks #16 by 3-year correlation. Their 12-month results are close: +1.9% for LIN against +5.9% for MSI. Stability stands out here, with the rolling one-year correlation confined to 0.32 through 0.56.
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 MSI: side by side
| LIN (Linde plc) | MSI (Motorola Solutions) | |
|---|---|---|
| 1-year return | +1.9% | +5.9% |
| 5-year return | +64.6% | +111.1% |
| Volatility (ann.) | 16.5% | 22.1% |
| Beta vs S&P 500 | 0.37 | 0.61 |
| Max drawdown (3Y) | -19.2% | -27.0% |
| Market cap | $223.7B | $80.5B |
| P/E (trailing) | 31.6 | 38.5 |
| Dividend yield | 1.26% | 0.97% |
| Sector / category | Materials | Information Technology |
Year-by-year returns
| Year | LIN | MSI |
|---|---|---|
| 2022 | -4.4% | -3.8% |
| 2023 | +27.7% | +23.0% |
| 2024 | +3.2% | +49.1% |
| 2025 | +3.2% | -16.2% |
| 2026 | +14.6% | +27.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIN and MSI good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LIN and MSI?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.45 over the last year and 0.48 over 5 years.
Is MSI a good diversifier for LIN?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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-msi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lin-vs-msi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LIN correlations · MSI correlations
