AIT vs. LIN
AIT (Applied Industrial Technologies, Inc.) and LIN (Linde plc) are both stocks. AIT operates in Industrial Distribution (Industrials), while LIN operates in Specialty Chemicals (Basic Materials). Over the past 5 years, AIT returned 33.84%/yr vs 11.43%/yr for LIN. Their 0.44 correlation means their historical movements had little consistent relationship.
Performance
AIT vs. LIN - Performance Comparison
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Returns By Period
In the year-to-date period, AIT achieves a 39.96% return, which is significantly higher than LIN's 15.92% return.
AIT
- 1D
- 0.35%
- 1M
- 9.01%
- 6M
- 23.95%
- YTD
- 39.96%
- 1Y
- 33.93%
- 3Y*
- 37.36%
- 5Y*
- 33.84%
- 10Y*
- 24.07%
- ALL TIME*
- 14.41%
LIN
- 1D
- 1.32%
- 1M
- -9.15%
- 6M
- 4.42%
- YTD
- 15.92%
- 1Y
- 5.92%
- 3Y*
- 10.54%
- 5Y*
- 11.43%
- 10Y*
- —
- ALL TIME*
- 16.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $85.83M | $94.73M | $86.94M | |
LIN Linde plc | $1.22B | $1.09B | $1.18B |
AIT vs. LIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 39.96% | 8.01% | 39.67% | 38.35% | 24.25% | 33.57% | 19.37% | 26.35% | -30.75% |
LIN Linde plc | 15.92% | 3.22% | 3.18% | 27.66% | -4.39% | 33.39% | 25.88% | 39.04% | -5.26% |
Correlation
The correlation between AIT and LIN is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2018 | 0.44 |
Over the past year, the correlation between AIT and LIN has dropped to 0.23 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
Fundamentals
AIT:
$13.24B
LIN:
$227.16B
AIT:
$10.58
LIN:
$15.58
AIT:
33.83
LIN:
31.52
AIT:
1.06
LIN:
1.57
AIT:
2.82
LIN:
6.48
AIT:
4.55
LIN:
5.84
AIT:
$4.84B
LIN:
$35.45B
AIT:
$1.47B
LIN:
$11.75B
AIT:
$563.38M
LIN:
$13.48B
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Return for Risk
AIT vs. LIN — Risk / Return Rank
AIT
LIN
AIT vs. LIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Applied Industrial Technologies, Inc. (AIT) and Linde plc (LIN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AIT | LIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.07 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 0.31 | +2.34 |
| Martin ratioReturn relative to average drawdown | 6.27 | 0.84 | +5.44 |
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Drawdowns
AIT vs. LIN - Drawdown Comparison
The maximum AIT drawdown since its inception was -66.47%, which is greater than LIN's maximum drawdown of -32.59%. Use the drawdown chart below to compare losses from any high point for AIT and LIN.
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Drawdown Indicators
| AIT | LIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.47% | -32.59% | -33.88% |
Max Drawdown (1Y)Largest decline over 1 year | -12.86% | -19.18% | +6.32% |
Max Drawdown (3Y)Largest decline over 3 years | -26.42% | -19.18% | -7.24% |
Max Drawdown (5Y)Largest decline over 5 years | -26.42% | -22.82% | -3.60% |
Max Drawdown (10Y)Largest decline over 10 years | -59.29% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -10.17% | +10.17% |
Average DrawdownAverage peak-to-trough decline | -17.98% | -5.40% | -12.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.43% | 7.07% | -1.64% |
Volatility
AIT vs. LIN - Volatility Comparison
The current volatility for Applied Industrial Technologies, Inc. (AIT) is 6.40%, while Linde plc (LIN) has a volatility of 7.58%. This indicates that AIT experiences smaller price fluctuations and is considered to be less risky than LIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AIT | LIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 7.58% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 19.01% | 15.38% | +3.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.53% | 18.82% | +7.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.40% | 20.94% | +9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.36% | 24.08% | +9.28% |
Dividends
AIT vs. LIN - Dividend Comparison
AIT's dividend yield for the trailing twelve months is around 0.54%, less than LIN's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.54% | 0.72% | 0.62% | 0.81% | 1.08% | 1.29% | 1.64% | 1.86% | 2.22% | 1.70% | 1.89% | 2.67% |
LIN Linde plc | 1.26% | 1.41% | 1.33% | 1.24% | 1.43% | 1.22% | 1.46% | 1.64% | 0.53% | 0.00% | 0.00% | 0.00% |
Financials
AIT vs. LIN - Financials Comparison
This section allows you to compare key financial metrics between Applied Industrial Technologies, Inc. and Linde plc. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AIT vs. LIN - Profitability Comparison
AIT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Applied Industrial Technologies, Inc. reported a gross profit of 397.52M and revenue of 1.25B. Therefore, the gross margin over that period was 31.8%.
LIN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Linde plc reported a gross profit of 0.00 and revenue of 9.29B. Therefore, the gross margin over that period was 0.0%.
AIT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Applied Industrial Technologies, Inc. reported an operating income of 137.93M and revenue of 1.25B, resulting in an operating margin of 11.0%.
LIN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Linde plc reported an operating income of 2.55B and revenue of 9.29B, resulting in an operating margin of 27.5%.
AIT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Applied Industrial Technologies, Inc. reported a net income of 99.77M and revenue of 1.25B, resulting in a net margin of 8.0%.
LIN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Linde plc reported a net income of 1.93B and revenue of 9.29B, resulting in a net margin of 20.8%.
Frequently Asked Questions
AIT and LIN have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LIN has higher volatility (7.58%) compared to AIT (6.40%). In terms of maximum drawdown, AIT dropped -66.47% vs LIN's -32.59%.
AIT currently has the higher Sharpe Ratio (1.29 vs 0.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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