LIN vs ZTR: Correlation
Measured on weekly returns over the past three years, Linde plc (LIN) and Virtus Total Return Fund Inc. (ZTR) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LIN and ZTR?
On 3 years of weekly data the LIN/ZTR correlation comes out at 0.48, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.48 over 3. The 5-year figure is 0.38, and annualized covariance runs at 110.1 %².
By 3-year correlation, ZTR places #8 of the 36 assets tracked against LIN. Their recent paths diverged sharply: over the last 12 months ZTR outperformed by 16.1 percentage points (+1.9% for LIN against +18.0% for ZTR).
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 ZTR: side by side
| LIN (Linde plc) | ZTR (Virtus Total Return Fund Inc.) | |
|---|---|---|
| 1-year return | +1.9% | +18.0% |
| 5-year return | +64.6% | +27.0% |
| Volatility (ann.) | 16.5% | 14.0% |
| Beta vs S&P 500 | 0.37 | 0.40 |
| Max drawdown (3Y) | -19.2% | -18.3% |
| Market cap | $223.7B | $0.3B |
| P/E (trailing) | 31.6 | 5.7 |
| Dividend yield | 1.26% | 8.75% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | LIN | ZTR |
|---|---|---|
| 2022 | -4.4% | -21.3% |
| 2023 | +27.7% | -3.2% |
| 2024 | +3.2% | +18.3% |
| 2025 | +3.2% | +18.6% |
| 2026 | +14.6% | +15.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LIN and ZTR good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between LIN and ZTR?
As of 2026-08-27, the correlation of weekly returns between LIN and ZTR is 0.48 over 3 years, 0.44 over 1 year and 0.38 over 5 years.
Is ZTR a good diversifier for LIN?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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-ztr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lin-vs-ztr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LIN correlations · ZTR correlations
