D vs LNT: Correlation
Dominion Energy (D) and Alliant Energy (LNT) show a strong relationship: their 3-year correlation of weekly returns is 0.66.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are D and LNT?
On 3 years of weekly data the D/LNT correlation comes out at 0.66, strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.66 over 3. The 5-year figure is 0.72, and annualized covariance runs at 237.7 %².
Among the 31 assets we track against D, LNT ranks #7 by 3-year correlation. Over the last 12 months D came out ahead by 8.2 percentage points (+15.1% against +6.9%). Stability stands out here, with the rolling one-year correlation confined to 0.59 through 0.76.
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.
D vs LNT: side by side
| D (Dominion Energy) | LNT (Alliant Energy) | |
|---|---|---|
| 1-year return | +15.1% | +6.9% |
| 5-year return | +6.1% | +31.9% |
| Volatility (ann.) | 20.5% | 17.5% |
| Beta vs S&P 500 | 0.18 | 0.09 |
| Max drawdown (3Y) | -19.1% | -12.4% |
| Market cap | $58.5B | $17.7B |
| P/E (trailing) | 23.2 | 21.8 |
| Dividend yield | 3.99% | 3.03% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | D | LNT |
|---|---|---|
| 2022 | -19.1% | -7.4% |
| 2023 | -19.1% | -3.8% |
| 2024 | +20.4% | +19.5% |
| 2025 | +14.0% | +13.5% |
| 2026 | +15.9% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are D and LNT good diversifiers for each other?
Only partially. A correlation of 0.66 means D and LNT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between D and LNT?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.74 over the last year and 0.72 over 5 years.
Is LNT a good diversifier for D?
Only partially. A correlation of 0.66 means D and LNT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
A reading of 0.66 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/d-vs-lnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/d-vs-lnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: D correlations · LNT correlations
