LIN vs SCHD: Correlation
Linde plc (LIN) and Schwab US Dividend Equity ETF (SCHD) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIN and SCHD?
Across a 3-year window, the weekly returns of LIN and SCHD correlate at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.46). Stretching to 5 years gives 0.54, with an annualized covariance of 98.3 %².
By 3-year correlation, SCHD places #14 of the 36 assets tracked against LIN. The last year tells two different stories: SCHD led by 27.7 percentage points, +1.9% for LIN against +29.6% for SCHD. The rolling one-year correlation moved between 0.27 and 0.73 over the past three years, a moderate range.
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 SCHD: side by side
| LIN (Linde plc) | SCHD (Schwab US Dividend Equity ETF) | |
|---|---|---|
| 1-year return | +1.9% | +29.6% |
| 5-year return | +64.6% | +60.9% |
| Volatility (ann.) | 16.5% | 12.9% |
| Beta vs S&P 500 | 0.37 | 0.52 |
| Max drawdown (3Y) | -19.2% | -16.1% |
| Market cap | $223.7B | – |
| P/E (trailing) | 31.6 | – |
| Dividend yield | 1.26% | 3.13% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $104.2B |
| Sector / category | Materials | ETF · Dividend |
SCHD, Schwab ETFs's Large Value fund, carries $104.2B under management, 101 holdings, a 0.06% expense ratio, a 3.13% trailing dividend yield.
Year-by-year returns
| Year | LIN | SCHD |
|---|---|---|
| 2022 | -4.4% | -3.3% |
| 2023 | +27.7% | +4.5% |
| 2024 | +3.2% | +11.7% |
| 2025 | +3.2% | +4.3% |
| 2026 | +14.6% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIN and SCHD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LIN and SCHD?
As of 2026-08-27, the correlation of weekly returns between LIN and SCHD is 0.46 over 3 years, 0.25 over 1 year and 0.54 over 5 years.
Is SCHD a good diversifier for LIN?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
A reading of 0.46 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/lin-vs-schd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lin-vs-schd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LIN correlations · SCHD correlations
