TPET vs. LIN

Last updated Jun 23, 2026

TPET (Trio Petroleum Corp.) and LIN (Linde plc) are both stocks. TPET operates in Oil & Gas E&P (Energy), while LIN operates in Specialty Chemicals (Basic Materials). Over the past 3 years, TPET returned -30.15%/yr vs 13.16%/yr for LIN. At a correlation of -0.00, they often move in opposite directions.

Performance

TPET vs. LIN - Performance Comparison

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

Returns By Period

In the year-to-date period, TPET achieves a -62.22% return, which is significantly lower than LIN's 21.97% return.

TPET

• 1D: -1.41%
• 1M: -18.06%
• YTD: -62.22%
• 6M: -62.43%
• 1Y: -80.89%
• 3Y*: -30.15%
• 5Y*: —
• 10Y*: —

LIN

• 1D: 0.89%
• 1M: 0.15%
• YTD: 21.97%
• 6M: 22.80%
• 1Y: 14.87%
• 3Y*: 13.16%
• 5Y*: 14.19%
• 10Y*: —

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

TPET vs. LIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TPET Trio Petroleum Corp.	-62.22%	-34.38%	290.45%	-88.31%
LIN Linde plc	21.97%	3.22%	3.18%	14.49%

Correlation

The correlation between TPET and LIN is -0.08, 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	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	-0.02
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023	-0.00

Fundamentals

Market Cap TPET : $8.42M LIN : $240.95B
EPS TPET : -$0.47 LIN : $15.16
PS Ratio TPET : 6.00 LIN : 7.01
PB Ratio TPET : 0.24 LIN : 6.25
Total Revenue (TTM) TPET : $695.09K LIN : $34.66B
Gross Profit (TTM) TPET : $113.32K LIN : $15.94B
EBITDA (TTM) TPET : -$6.12M LIN : $12.31B

Return for Risk

TPET vs. LIN — Risk / Return Rank

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

TPET

TPET Risk / Return Rank: 23
TPET Sharpe Ratio Rank: 27
TPET Sortino Ratio Rank: 38
TPET Omega Ratio Rank: 38
TPET Calmar Ratio Rank: 4
TPET Martin Ratio Rank: 6

LIN

LIN Risk / Return Rank: 63
LIN Sharpe Ratio Rank: 69
LIN Sortino Ratio Rank: 62
LIN Omega Ratio Rank: 60
LIN Calmar Ratio Rank: 60
LIN Martin Ratio Rank: 63

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.

TPET vs. LIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Trio Petroleum Corp. (TPET) 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.

	TPET	LIN	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	0.87	-1.22
Sortino ratio: Return per unit of downside risk	0.27	1.33	-1.06
Omega ratio: Gain probability vs. loss probability	1.04	1.15	-0.12
Calmar ratio: Return relative to maximum drawdown	-0.95	0.78	-1.73
Martin ratio: Return relative to average drawdown	-1.50	2.20	-3.69

TPET vs. LIN - Sharpe Ratio Comparison

The current TPET Sharpe Ratio is -0.35, which is lower than the LIN Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of TPET and LIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TPET vs. LIN - Drawdown Comparison

The maximum TPET drawdown since its inception was -96.87%, which is greater than LIN's maximum drawdown of -32.59%. Use the drawdown chart below to compare losses from any high point for TPET and LIN.

Drawdown Indicators

	TPET	LIN	Difference
Max Drawdown Largest peak-to-trough decline	-96.87%	-32.59%	-64.28%
Max Drawdown (1Y) Largest decline over 1 year	-85.28%	-19.18%	-66.10%
Max Drawdown (3Y) Largest decline over 3 years	-95.09%	-19.18%	-75.91%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.82%	—
Current Drawdown Current decline from peak	-88.72%	-1.31%	-87.41%
Average Drawdown Average peak-to-trough decline	-69.82%	-5.40%	-64.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	54.07%	6.78%	+47.29%

Volatility

TPET vs. LIN - Volatility Comparison

Trio Petroleum Corp. (TPET) has a higher volatility of 29.93% compared to Linde plc (LIN) at 5.48%. This indicates that TPET'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.

Volatility by Period

	TPET	LIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.93%	5.48%	+24.45%
Volatility (6M) Calculated over the trailing 6-month period	179.12%	13.00%	+166.12%
Volatility (1Y) Calculated over the trailing 1-year period	233.94%	17.23%	+216.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1,089.25%	20.77%	+1,068.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1,089.25%	24.06%	+1,065.19%

Dividends

TPET vs. LIN - Dividend Comparison

TPET has not paid dividends to shareholders, while LIN's dividend yield for the trailing twelve months is around 1.20%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
LIN Linde plc	1.20%	1.41%	1.33%	1.24%	1.43%	1.22%	1.46%	1.64%	0.53%
TPET Trio Petroleum Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both TPET and LIN in my portfolio?

TPET and LIN have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPET or LIN?

TPET has higher volatility (29.93%) compared to LIN (5.48%). In terms of maximum drawdown, TPET dropped -96.87% vs LIN's -32.59%.

Which has better risk-adjusted returns?

LIN currently has the higher Sharpe Ratio (0.87 vs -0.35), 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.