LIN vs VTV: Correlation
Measured on weekly returns over the past three years, Linde plc (LIN) and Vanguard Value ETF (VTV) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIN and VTV?
Across a 3-year window, the weekly returns of LIN and VTV correlate at 0.52, moderate. The link has loosened recently: the 1-year correlation (0.29) runs below the 3-year figure (0.52). Stretching to 5 years gives 0.58, with an annualized covariance of 102.0 %².
Among the 36 assets we track against LIN, VTV ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VTV outperformed by 23.8 percentage points (+1.9% for LIN against +25.7% for VTV). The rolling one-year correlation moved between 0.31 and 0.75 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 VTV: side by side
| LIN (Linde plc) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +1.9% | +25.7% |
| 5-year return | +64.6% | +79.1% |
| Volatility (ann.) | 16.5% | 11.9% |
| Beta vs S&P 500 | 0.37 | 0.65 |
| Max drawdown (3Y) | -19.2% | -14.5% |
| Market cap | $223.7B | – |
| P/E (trailing) | 31.6 | – |
| Dividend yield | 1.26% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Materials | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | LIN | VTV |
|---|---|---|
| 2022 | -4.4% | -2.1% |
| 2023 | +27.7% | +9.3% |
| 2024 | +3.2% | +16.0% |
| 2025 | +3.2% | +15.3% |
| 2026 | +14.6% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VTV holds LIN at a 0.82% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are LIN and VTV good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between LIN and VTV?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.29 over the last year and 0.58 over 5 years.
Is VTV a good diversifier for LIN?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
On the −1 to +1 scale, 0.52 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-vtv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lin-vs-vtv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LIN correlations · VTV correlations
