LIN vs SPY

Comparison between Linde Plc. (LIN, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed LIN, delivering a return of +13.3% compared to +12.0%

LIN vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	LIN(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$233B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	32.90%	56.47%
Sharpe Ratio	0.50	2.07
5Y Beta	0.51	1.00
Industry	Specialty Chemicals	N/A
P/E Ratio	32.59	28.24
Forward P/E	28.01	21.85
PEG Ratio	2.06	N/A
Dividend Yield	1.24%	N/A
5Y Dividends CAGR	13.99%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	55.74%	22.35%
Free Cash Flow Yield	2.19%	N/A
P/S Ratio	6.70	3.55
P/B Ratio	5.92	5.29

Market Cap / Net Assets

LIN

$233B

Winner

SPY

$652B

Expense Ratio

LIN

N/A

SPY

0.09%

Max Drawdown

Winner

LIN

32.90%

SPY

56.47%

Sharpe Ratio

LIN

0.50

Winner

SPY

2.07

5Y Beta

Winner

LIN

0.51

SPY

1.00

Industry

LIN

Specialty Chemicals

SPY

N/A

P/E Ratio

LIN

32.59

Winner

SPY

28.24

Forward P/E

LIN

28.01

Winner

SPY

21.85

PEG Ratio

LIN

2.06

SPY

N/A

Dividend Yield

LIN

1.24%

SPY

N/A

5Y Dividends CAGR

Winner

LIN

13.99%

SPY

5.43%

5Y EPS CAGR

LIN

N/A

SPY

25.79%

Debt to Equity

LIN

55.74%

Winner

SPY

22.35%

Free Cash Flow Yield

LIN

2.19%

SPY

N/A

P/S Ratio

LIN

6.70

Winner

SPY

3.55

P/B Ratio

LIN

5.92

Winner

SPY

5.29

LIN vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	LIN	SPY
1 month	-1.46%	+9.11%
3 months	+8.43%	+6.59%
6 months	+18.10%	+10.56%
1 year	+10.27%	+32.04%
5 years(CAGR)	+12.04%	+13.35%
10 years(CAGR)	N/A	+15.49%
Max(CAGR)	+16.88%	+8.50%

LIN

-1.46%

Winner

SPY

+9.11%

Winner

LIN

+8.43%

SPY

+6.59%

Winner

LIN

+18.10%

SPY

+10.56%

LIN

+10.27%

Winner

SPY

+32.04%

5Y(CAGR)

LIN

+12.04%

Winner

SPY

+13.35%

10Y(CAGR)

LIN

N/A

SPY

+15.49%

Max(CAGR)

Winner

LIN

+16.88%

SPY

+8.50%

LIN vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	LIN	SPY
2026	+15.31%	+8.27%
2025	+4.33%	+18.00%
2024	+3.46%	+25.59%
2023	+30.80%	+26.72%
2022	-2.20%	-18.64%
2021	+35.80%	+30.52%
2020	+27.19%	+17.28%
2019	+38.03%	+31.09%
2018	-7.11%	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

LIN vs SPY Drawdown Comparison

The maximum drawdown for LIN was -32.57%, occurring on Mar 23, 2020. Recovery took 96 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current LIN drawdown is -3.44%.

Rank	LIN	SPY
#1	-32.57% Feb 18, 2020 - Jul 6, 2020	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-22.82% Dec 31, 2021 - Nov 23, 2022	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-19.19% Sep 11, 2025 - Feb 17, 2026	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-16.65% Sep 2, 2020 - Nov 10, 2020	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-14.86% Oct 18, 2024 - Aug 20, 2025	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-11.91% Oct 2, 2018 - Feb 15, 2019	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-11.64% Mar 13, 2024 - Aug 30, 2024	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-11.00% Nov 25, 2022 - Feb 24, 2023	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-10.91% Jul 23, 2019 - Nov 13, 2019	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-10.53% Jan 6, 2021 - Mar 16, 2021	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-8.45% Mar 3, 2023 - Apr 13, 2023	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-7.05% Sep 7, 2021 - Oct 25, 2021	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-6.52% Sep 14, 2023 - Nov 3, 2023	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-6.37% Jun 1, 2021 - Jul 30, 2021	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-6.22% Apr 8, 2019 - May 16, 2019	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between LIN and SPY is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (1999 - 2026)

LIN vs SPY dividend yield comparison.

Year	LIN	SPY
2026	0.32%	0.24%
2025	1.41%	1.07%
2024	1.33%	1.21%
2023	1.24%	1.40%
2022	1.43%	1.65%
2021	1.22%	1.20%
2020	1.46%	1.52%
2019	1.64%	1.75%
2018	0.53%	2.04%
2017	0.00%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%