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 27.70%/yr vs 12.55%/yr for LIN. At a 0.44 correlation, their price movements are largely independent.
Performance
AIT vs. LIN - Performance Comparison
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Returns By Period
In the year-to-date period, AIT achieves a 22.47% return, which is significantly higher than LIN's 19.44% return.
AIT
- 1D
- 1.65%
- 1M
- 3.26%
- YTD
- 22.47%
- 6M
- 20.54%
- 1Y
- 37.20%
- 3Y*
- 34.17%
- 5Y*
- 27.70%
- 10Y*
- 23.07%
LIN
- 1D
- 2.35%
- 1M
- 2.84%
- YTD
- 19.44%
- 6M
- 24.47%
- 1Y
- 9.03%
- 3Y*
- 13.41%
- 5Y*
- 12.55%
- 10Y*
- —
AIT vs. LIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 22.47% | 8.01% | 39.67% | 38.35% | 24.25% | 33.57% | 19.37% | 26.35% | -30.13% |
LIN Linde plc | 19.44% | 3.22% | 3.18% | 27.66% | -4.39% | 33.39% | 25.88% | 39.04% | -7.11% |
Correlation
The correlation between AIT and LIN is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2018 | 0.44 |
The correlation between AIT and LIN shifts across timeframes, from 0.28 (1 year) to 0.44 (all time), reflecting how their relationship changes across market environments.
Fundamentals
AIT:
$11.91B
LIN:
$236.69B
AIT:
$10.56
LIN:
$15.16
AIT:
29.68
LIN:
33.48
AIT:
0.93
LIN:
1.67
AIT:
2.48
LIN:
6.88
AIT:
3.98
LIN:
6.14
AIT:
$4.84B
LIN:
$34.66B
AIT:
$1.47B
LIN:
$15.94B
AIT:
$563.38M
LIN:
$12.31B
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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.
| AIT | LIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.10 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 0.47 | +2.43 |
| Martin ratioReturn relative to average drawdown | 6.97 | 1.33 | +5.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AIT | LIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 0.54 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.91 | 0.61 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.71 | -0.28 |
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 | -0.58% | -1.93% | +1.35% |
Average DrawdownAverage peak-to-trough decline | -18.05% | -5.43% | -12.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 6.80% | -1.45% |
Volatility
AIT vs. LIN - Volatility Comparison
Applied Industrial Technologies, Inc. (AIT) has a higher volatility of 6.66% compared to Linde plc (LIN) at 5.45%. This indicates that AIT's price experiences larger fluctuations and is considered to be riskier 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 | 6.66% | 5.45% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 19.13% | 13.49% | +5.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.38% | 17.01% | +9.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.50% | 20.77% | +9.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.28% | 24.08% | +9.20% |
Dividends
AIT vs. LIN - Dividend Comparison
AIT's dividend yield for the trailing twelve months is around 0.62%, less than LIN's 1.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIT Applied Industrial Technologies, Inc. | 0.62% | 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 | 1.20% | 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 Jun 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 Jun 2026, Linde plc reported a gross profit of 4.26B and revenue of 8.78B. Therefore, the gross margin over that period was 48.5%.
AIT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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 Jun 2026, Linde plc reported an operating income of 3.26B and revenue of 8.78B, resulting in an operating margin of 37.2%.
AIT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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 Jun 2026, Linde plc reported a net income of 1.86B and revenue of 8.78B, resulting in a net margin of 21.2%.
Frequently Asked Questions
AIT and LIN have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIT has higher volatility (6.66%) compared to LIN (5.45%). In terms of maximum drawdown, AIT dropped -66.47% vs LIN's -32.59%.
AIT currently has the higher Sharpe Ratio (1.42 vs 0.54), 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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