CNP vs LNT: Correlation
CenterPoint Energy (CNP) and Alliant Energy (LNT) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNP and LNT?
Across a 3-year window, the weekly returns of CNP and LNT correlate at 0.65, strong. The past 12 months show a tighter link (0.88) than the 3-year average (0.65). Stretching to 5 years gives 0.75, with an annualized covariance of 193.8 %².
Among the 28 assets we track against CNP, LNT ranks #5 by 3-year correlation. Neither side won the trailing year by much: +6.5% against +6.9%. This link changes with the market regime, having swung between 0.29 and 0.91 on a rolling one-year basis.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CNP vs LNT: side by side
| CNP (CenterPoint Energy) | LNT (Alliant Energy) | |
|---|---|---|
| 1-year return | +6.5% | +6.9% |
| 5-year return | +75.6% | +31.9% |
| Volatility (ann.) | 17.2% | 17.5% |
| Beta vs S&P 500 | 0.12 | 0.09 |
| Max drawdown (3Y) | -18.1% | -12.4% |
| Market cap | $25.9B | $17.7B |
| P/E (trailing) | 23.5 | 21.8 |
| Dividend yield | 2.27% | 3.03% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | CNP | LNT |
|---|---|---|
| 2022 | +10.0% | -7.4% |
| 2023 | -2.1% | -3.8% |
| 2024 | +14.3% | +19.5% |
| 2025 | +23.7% | +13.5% |
| 2026 | +4.2% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNP and LNT good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CNP and LNT?
The CNP/LNT correlation stands at 0.65 on a 3-year window (1 year: 0.88, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is LNT a good diversifier for CNP?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
A reading of 0.65 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cnp-vs-lnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cnp-vs-lnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CNP correlations · LNT correlations
