LIN vs VYM: Correlation
How closely do Linde plc (LIN) and Vanguard High Dividend Yield ETF (VYM) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIN and VYM?
On 3 years of weekly data the LIN/VYM correlation comes out at 0.47, moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.47). The 5-year figure is 0.55, and annualized covariance runs at 95.1 %².
By 3-year correlation, VYM places #11 of the 36 assets tracked against LIN. Their recent paths diverged sharply: over the last 12 months VYM outperformed by 19.2 percentage points (+1.9% for LIN against +21.1% for VYM). The relationship is regime-dependent: the rolling one-year correlation swung between 0.20 and 0.73 over the past three years, so this pair behaves very differently depending on the market environment.
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 VYM: side by side
| LIN (Linde plc) | VYM (Vanguard High Dividend Yield ETF) | |
|---|---|---|
| 1-year return | +1.9% | +21.1% |
| 5-year return | +64.6% | +76.6% |
| Volatility (ann.) | 16.5% | 12.3% |
| Beta vs S&P 500 | 0.37 | 0.69 |
| Max drawdown (3Y) | -19.2% | -14.5% |
| Market cap | $223.7B | – |
| P/E (trailing) | 31.6 | – |
| Dividend yield | 1.26% | 2.24% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $99.2B |
| Sector / category | Materials | ETF · Dividend |
VYM, Vanguard's Large Value fund, carries $99.2B under management, 604 holdings, a 0.04% expense ratio, a 2.24% trailing dividend yield.
Year-by-year returns
| Year | LIN | VYM |
|---|---|---|
| 2022 | -4.4% | -0.4% |
| 2023 | +27.7% | +6.6% |
| 2024 | +3.2% | +17.6% |
| 2025 | +3.2% | +15.4% |
| 2026 | +14.6% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
LIN represents 0.9% of VYM's portfolio, so part of any move in VYM is LIN itself, and the correlation between them is partly mechanical.
Are LIN and VYM good diversifiers for each other?
Reasonably. At 0.47, LIN and VYM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LIN and VYM?
As of 2026-08-27, the correlation of weekly returns between LIN and VYM is 0.47 over 3 years, 0.19 over 1 year and 0.55 over 5 years.
Is VYM a good diversifier for LIN?
Reasonably. At 0.47, LIN and VYM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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.
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Related comparisons
Hubs: LIN correlations · VYM correlations
