LIN.DE vs. AIQUY

Last updated Jun 5, 2026

LIN.DE (Linde PLC) and AIQUY (Air Liquide SA ADR) are both stocks. Both are in the Basic Materials sector — LIN.DE in Chemicals, AIQUY in Specialty Chemicals. Over the past 10 years, LIN.DE returned 18.26%/yr vs 14.15%/yr for AIQUY. At a 0.24 correlation, their price movements are largely independent.

Performance

LIN.DE vs. AIQUY - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Linde PLC (LIN.DE) and Air Liquide SA ADR (AIQUY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

LIN.DE is traded in EUR, while AIQUY is traded in USD. To make them comparable, the AIQUY values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, LIN.DE achieves a 21.80% return, which is significantly higher than AIQUY's 16.50% return. Over the past 10 years, LIN.DE has outperformed AIQUY with an annualized return of 18.26%, while AIQUY has yielded a comparatively lower 14.15% annualized return.

LIN.DE

• 1D: 0.05%
• 1M: 2.66%
• YTD: 21.80%
• 6M: 27.80%
• 1Y: 7.76%
• 3Y*: 10.68%
• 5Y*: 13.78%
• 10Y*: 18.26%

AIQUY

• 1D: 0.44%
• 1M: 3.16%
• YTD: 16.50%
• 6M: 14.66%
• 1Y: 1.67%
• 3Y*: 10.33%
• 5Y*: 11.45%
• 10Y*: 14.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LIN.DE vs. AIQUY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LIN.DE Linde PLC	21.80%	-8.83%	10.86%	22.46%	1.46%	46.15%	13.80%	40.59%	9.53%	17.38%
AIQUY Air Liquide SA ADR	16.50%	4.47%	-1.26%	36.02%	-3.36%	16.22%	10.18%	31.00%	5.25%	14.44%

Correlation

The correlation between LIN.DE and AIQUY is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.40
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Aug 29, 2007	0.24

The correlation between LIN.DE and AIQUY shifts across timeframes, from 0.24 (all time) to 0.40 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

LIN.DE vs. AIQUY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LIN.DE

LIN.DE Risk / Return Rank: 51
LIN.DE Sharpe Ratio Rank: 56
LIN.DE Sortino Ratio Rank: 48
LIN.DE Omega Ratio Rank: 46
LIN.DE Calmar Ratio Rank: 51
LIN.DE Martin Ratio Rank: 53

AIQUY

AIQUY Risk / Return Rank: 42
AIQUY Sharpe Ratio Rank: 46
AIQUY Sortino Ratio Rank: 38
AIQUY Omega Ratio Rank: 37
AIQUY Calmar Ratio Rank: 45
AIQUY Martin Ratio Rank: 45

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LIN.DE vs. AIQUY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Linde PLC (LIN.DE) and Air Liquide SA ADR (AIQUY). 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.

	LIN.DE	AIQUY	Difference
Sharpe ratio: Return per unit of total volatility	0.41	0.09	+0.32
Sortino ratio: Return per unit of downside risk	0.72	0.27	+0.45
Omega ratio: Gain probability vs. loss probability	1.08	1.03	+0.05
Calmar ratio: Return relative to maximum drawdown	0.40	0.11	+0.29
Martin ratio: Return relative to average drawdown	1.09	0.21	+0.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LIN.DE vs. AIQUY - Sharpe Ratio Comparison

The current LIN.DE Sharpe Ratio is 0.41, which is higher than the AIQUY Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of LIN.DE and AIQUY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LIN.DE	AIQUY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.41	0.09	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.60	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.85	0.68	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	0.47	+0.47

Drawdowns

LIN.DE vs. AIQUY - Drawdown Comparison

The maximum LIN.DE drawdown since its inception was -36.60%, smaller than the maximum AIQUY drawdown of -41.08%. Use the drawdown chart below to compare losses from any high point for LIN.DE and AIQUY.

Drawdown Indicators

	LIN.DE	AIQUY	Difference
Max Drawdown Largest peak-to-trough decline	-36.60%	-41.08%	+4.48%
Max Drawdown (1Y) Largest decline over 1 year	-18.46%	-15.95%	-2.51%
Max Drawdown (3Y) Largest decline over 3 years	-23.66%	-16.61%	-7.05%
Max Drawdown (5Y) Largest decline over 5 years	-23.66%	-23.34%	-0.32%
Max Drawdown (10Y) Largest decline over 10 years	-32.91%	-31.34%	-1.57%
Current Drawdown Current decline from peak	-1.44%	-1.22%	-0.22%
Average Drawdown Average peak-to-trough decline	-5.50%	-7.48%	+1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.76%	7.89%	-1.13%

Volatility

LIN.DE vs. AIQUY - Volatility Comparison

Linde PLC (LIN.DE) and Air Liquide SA ADR (AIQUY) have volatilities of 5.77% and 5.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LIN.DE	AIQUY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.77%	5.93%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	14.41%	14.85%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	17.84%	17.98%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.46%	19.05%	+0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.04%	20.79%	+3.25%

Dividends

LIN.DE vs. AIQUY - Dividend Comparison

LIN.DE's dividend yield for the trailing twelve months is around 1.04%, less than AIQUY's 2.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIQUY Air Liquide SA ADR	2.07%	1.93%	1.92%	1.62%	2.09%	1.91%	1.80%	1.96%	2.62%	4.22%	7.72%	2.52%
LIN.DE Linde PLC	1.04%	1.67%	1.40%	1.38%	1.54%	1.39%	1.75%	1.80%	2.30%	2.39%	2.82%	3.54%

Financials

Frequently Asked Questions

Can I hold both LIN.DE and AIQUY in my portfolio?

LIN.DE and AIQUY have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.