TPET vs. LIN

Last updated Aug 1, 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 -29.44%/yr vs 8.55%/yr for LIN. Their -0.01 correlation means they have often moved in opposite directions in the past.

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 -64.61% return, which is significantly lower than LIN's 12.93% return.

TPET

• 1D: -1.26%
• 1M: -6.95%
• 6M: -61.33%
• YTD: -64.61%
• 1Y: -76.16%
• 3Y*: -29.44%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -49.49%

LIN

• 1D: -5.95%
• 1M: -12.49%
• 6M: 5.37%
• YTD: 12.93%
• 1Y: 5.53%
• 3Y*: 8.55%
• 5Y*: 10.74%
• 10Y*: —
• ALL TIME*: 16.23%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LIN Linde plc	$1.09B	$1.08B	$1.17B
TPET Trio Petroleum Corp.	$782.50K	$1.36M	$1.32M

TPET vs. LIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TPET Trio Petroleum Corp.	-64.61%	-34.38%	290.45%	-88.31%
LIN Linde plc	12.93%	3.22%	3.18%	14.49%

Correlation

The correlation between TPET and LIN is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.12
Correlation (3Y) Balances recent behavior with more history.	-0.03
Correlation (All Time) Calculated using the full available price history since Apr 18, 2023	-0.01

The correlation between TPET and LIN shifts across timeframes, from -0.12 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TPET : $2.93M LIN : $221.30B
EPS TPET : -$0.41 LIN : $15.58
PS Ratio TPET : 6.42 LIN : 6.31
PB Ratio TPET : 0.23 LIN : 5.69
Total Revenue (TTM) TPET : $695.09K LIN : $35.45B
Gross Profit (TTM) TPET : $113.32K LIN : $11.75B
EBITDA (TTM) TPET : -$6.12M LIN : $13.48B

Return for Risk

TPET vs. LIN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TPET

TPET Risk / Return Rank: 28
TPET Sharpe Ratio Rank: 29
TPET Sortino Ratio Rank: 46
TPET Omega Ratio Rank: 46
TPET Calmar Ratio Rank: 9
TPET Martin Ratio Rank: 8

LIN

LIN Risk / Return Rank: 51
LIN Sharpe Ratio Rank: 56
LIN Sortino Ratio Rank: 47
LIN Omega Ratio Rank: 46
LIN Calmar Ratio Rank: 52
LIN Martin Ratio Rank: 54

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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	-0.33	0.28	-0.61
Sortino ratio: Return per unit of downside risk	0.51	0.52	-0.02
Omega ratio: Gain probability vs. loss probability	1.07	1.06	0.00
Calmar ratio: Return relative to maximum drawdown	-0.88	0.28	-1.16
Martin ratio: Return relative to average drawdown	-1.41	0.77	-2.17

TPET vs. LIN - Sharpe Ratio Comparison

The current TPET Sharpe Ratio is -0.33, which is lower than the LIN Sharpe Ratio of 0.28. 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	-86.29%	-19.18%	-67.11%
Max Drawdown (3Y) Largest decline over 3 years	-89.95%	-19.18%	-70.77%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.82%	—
Current Drawdown Current decline from peak	-89.44%	-12.49%	-76.95%
Average Drawdown Average peak-to-trough decline	-70.46%	-5.39%	-65.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.76%	6.97%	+46.79%

Volatility

TPET vs. LIN - Volatility Comparison

Trio Petroleum Corp. (TPET) has a higher volatility of 24.99% compared to Linde plc (LIN) at 7.78%. 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	24.99%	7.78%	+17.21%
Volatility (6M) Calculated over the trailing 6-month period	178.47%	15.33%	+163.14%
Volatility (1Y) Calculated over the trailing 1-year period	232.70%	18.88%	+213.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1,070.70%	20.95%	+1,049.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1,070.70%	24.09%	+1,046.61%

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 1.30%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
LIN Linde plc	1.30%	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 -0.12, 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 (24.99%) compared to LIN (7.78%). 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 (0.28 vs -0.33), 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.