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LIN vs. QQQ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

LIN vs. QQQ

Last updated Jun 9, 2026

LIN (Linde plc) is a stock, while QQQ (Invesco QQQ ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, LIN returned 13.08%/yr vs 16.98%/yr for QQQ. At a 0.46 correlation, their price movements are largely independent.

Performance

LIN vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Linde plc (LIN) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, LIN achieves a 18.48% return, which is significantly higher than QQQ's 16.71% return.

LIN

1D
-1.18%
1M
2.10%
YTD
18.48%
6M
29.74%
1Y
7.61%
3Y*
13.07%
5Y*
13.08%
10Y*
—

QQQ

1D
1.56%
1M
0.68%
YTD
16.71%
6M
15.00%
1Y
35.78%
3Y*
27.15%
5Y*
16.98%
10Y*
21.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

LIN vs. QQQ - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
LIN
Linde plc		18.48%3.22%3.18%27.66%-4.39%33.39%25.88%39.04%-7.11%
QQQ
Invesco QQQ ETF		16.71%20.77%25.58%54.86%-32.58%27.42%48.62%38.96%-16.90%

Correlation

The correlation between LIN and QQQ is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.09

Correlation (3Y)
Calculated over the trailing 3-year period

0.27

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

0.46

Over the past year, the correlation between LIN and QQQ has dropped to 0.09 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Linde plc

Invesco QQQ ETF

Often compared with LIN:
LIN vs. SPYLIN vs. PLUGLIN vs. XLBLIN vs. BASFYLIN vs. SAPLIN vs. AITLIN vs. SYK
Often compared with QQQ:
QQQ vs. SPYQQQ vs. VOOQQQ vs. VGTQQQ vs. TQQQQQQ vs. SMHQQQ vs. QQQMQQQ vs. QQQI

Return for Risk

LIN vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
LIN
LIN Risk / Return Rank: 5252
Overall Rank
LIN Sharpe Ratio Rank: 5858
Sharpe Ratio Rank
LIN Sortino Ratio Rank: 5050
Sortino Ratio Rank
LIN Omega Ratio Rank: 4747
Omega Ratio Rank
LIN Calmar Ratio Rank: 5151
Calmar Ratio Rank
LIN Martin Ratio Rank: 5454
Martin Ratio Rank
QQQ
QQQ Risk / Return Rank: 6969
Overall Rank
QQQ Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
QQQ Sortino Ratio Rank: 6767
Sortino Ratio Rank
QQQ Omega Ratio Rank: 7070
Omega Ratio Rank
QQQ Calmar Ratio Rank: 6666
Calmar Ratio Rank
QQQ Martin Ratio Rank: 6868
Martin Ratio Rank
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 vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Linde plc (LIN) and Invesco QQQ ETF (QQQ). 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.

LINQQQDifference
Sharpe ratioReturn per unit of total volatility
0.45
2.15

-1.70

Sortino ratioReturn per unit of downside risk
0.75
2.77

-2.02

Omega ratioGain probability vs. loss probability

1.09

1.38

-0.29

Calmar ratioReturn relative to maximum drawdown

0.40

3.00

-2.61

Martin ratioReturn relative to average drawdown

1.12

11.43

-10.31

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 vs. QQQ - Sharpe Ratio Comparison

The current LIN Sharpe Ratio is 0.45, which is lower than the QQQ Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of LIN and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

LINQQQDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.45

2.15

-1.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.63

0.76

-0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.97

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.71

0.40

+0.30

Drawdowns

LIN vs. QQQ - Drawdown Comparison

The maximum LIN drawdown since its inception was -32.59%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for LIN and QQQ.

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Drawdown Indicators

LINQQQDifference

Max Drawdown

Largest peak-to-trough decline

-32.59%

-82.97%

+50.38%

Max Drawdown (1Y)

Largest decline over 1 year

-19.18%

-11.96%

-7.22%

Max Drawdown (3Y)

Largest decline over 3 years

-19.18%

-22.77%

+3.59%

Max Drawdown (5Y)

Largest decline over 5 years

-22.82%

-35.12%

+12.30%

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.12%

—

Current Drawdown

Current decline from peak

-2.72%

-4.03%

+1.31%

Average Drawdown

Average peak-to-trough decline

-5.43%

-32.77%

+27.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.80%

3.14%

+3.66%

Volatility

LIN vs. QQQ - Volatility Comparison

The current volatility for Linde plc (LIN) is 5.16%, while Invesco QQQ ETF (QQQ) has a volatility of 6.84%. This indicates that LIN experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

LINQQQDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.16%

6.84%

-1.68%

Volatility (6M)

Calculated over the trailing 6-month period

13.47%

13.20%

+0.27%

Volatility (1Y)

Calculated over the trailing 1-year period

16.98%

16.74%

+0.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.74%

22.49%

-1.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.07%

22.36%

+1.71%

Dividends

LIN vs. QQQ - Dividend Comparison

LIN's dividend yield for the trailing twelve months is around 1.24%, more than QQQ's 0.39% yield.

PositionTTM20252024202320222021202020192018201720162015
LIN
Linde plc		1.24%1.41%1.33%1.24%1.43%1.22%1.46%1.64%0.53%0.00%0.00%0.00%
QQQ
Invesco QQQ ETF		0.39%0.45%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%

Frequently Asked Questions

LIN and QQQ have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

QQQ has higher volatility (6.84%) compared to LIN (5.16%). In terms of maximum drawdown, LIN dropped -32.59% vs QQQ's -82.97%.

QQQ currently has the higher Sharpe Ratio (2.15 vs 0.45), 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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