LIN vs VIG: Correlation
Linde plc (LIN) and Vanguard Dividend Appreciation ETF (VIG) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIN and VIG?
Across a 3-year window, the weekly returns of LIN and VIG correlate at 0.47, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.47 over 3 years. Stretching to 5 years gives 0.58, with an annualized covariance of 91.8 %².
Within LIN's tracked universe of 36 assets, VIG comes in at #10 by 3-year correlation. The last year tells two different stories: VIG led by 15.2 percentage points, +1.9% for LIN against +17.1% for VIG. This link changes with the market regime, having swung between 0.18 and 0.80 on a rolling one-year basis.
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 VIG: side by side
| LIN (Linde plc) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +1.9% | +17.1% |
| 5-year return | +64.6% | +64.0% |
| Volatility (ann.) | 16.5% | 11.9% |
| Beta vs S&P 500 | 0.37 | 0.74 |
| Max drawdown (3Y) | -19.2% | -15.0% |
| Market cap | $223.7B | – |
| P/E (trailing) | 31.6 | – |
| Dividend yield | 1.26% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Materials | ETF · Dividend |
VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | LIN | VIG |
|---|---|---|
| 2022 | -4.4% | -9.8% |
| 2023 | +27.7% | +14.5% |
| 2024 | +3.2% | +17.0% |
| 2025 | +3.2% | +14.2% |
| 2026 | +14.6% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.96% of VIG is LIN itself, so the fund partly moves with the stock by construction.
Are LIN and VIG good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LIN and VIG?
As of 2026-08-27, the correlation of weekly returns between LIN and VIG is 0.47 over 3 years, 0.17 over 1 year and 0.58 over 5 years.
Is VIG a good diversifier for LIN?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 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-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lin-vs-vig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LIN correlations · VIG correlations
