LIN vs ORLY: Correlation
How closely do Linde plc (LIN) and O'Reilly Automotive (ORLY) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIN and ORLY?
Across a 3-year window, the weekly returns of LIN and ORLY correlate at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 115.6 %².
Within LIN's tracked universe of 36 assets, ORLY comes in at #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months LIN outperformed by 17.5 percentage points (+1.9% for LIN against -15.6% for ORLY). On a rolling one-year basis the correlation drifted between 0.20 and 0.49, a moderate band.
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 ORLY: side by side
| LIN (Linde plc) | ORLY (O'Reilly Automotive) | |
|---|---|---|
| 1-year return | +1.9% | -15.6% |
| 5-year return | +64.6% | +120.8% |
| Volatility (ann.) | 16.5% | 19.8% |
| Beta vs S&P 500 | 0.37 | 0.20 |
| Max drawdown (3Y) | -19.2% | -23.3% |
| Market cap | $223.7B | $71.1B |
| P/E (trailing) | 31.6 | 28.4 |
| Dividend yield | 1.26% | 0.00% |
| Sector / category | Materials | Consumer Discretionary |
Year-by-year returns
| Year | LIN | ORLY |
|---|---|---|
| 2022 | -4.4% | +19.5% |
| 2023 | +27.7% | +12.6% |
| 2024 | +3.2% | +24.8% |
| 2025 | +3.2% | +15.4% |
| 2026 | +14.6% | -3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIN and ORLY good diversifiers for each other?
Reasonably. At 0.35, LIN and ORLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LIN and ORLY?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.30 over the last year and 0.32 over 5 years.
Is ORLY a good diversifier for LIN?
Reasonably. At 0.35, LIN and ORLY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 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/lin-vs-orly.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lin-vs-orly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LIN correlations · ORLY correlations
