DTE vs LNT: Correlation
How closely do DTE Energy (DTE) and Alliant Energy (LNT) trade together? Their weekly returns over three years give a correlation of 0.85, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DTE and LNT?
Over the past 3 years, DTE and LNT moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.91) sits close to the 3-year figure. Over 5 years the correlation is 0.87, and the annualized covariance of weekly returns is 253.2 %².
LNT is one of the assets that tracks DTE most closely: it ranks #2 out of the 44 assets we track against DTE. The trailing year gives LNT the advantage: +1.7% versus +6.9%, a 5.2-point spread. The link looks structural: the rolling one-year correlation barely moved, holding between 0.78 and 0.91.
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.
DTE vs LNT: side by side
| DTE (DTE Energy) | LNT (Alliant Energy) | |
|---|---|---|
| 1-year return | +1.7% | +6.9% |
| 5-year return | +33.3% | +31.9% |
| Volatility (ann.) | 17.1% | 17.5% |
| Beta vs S&P 500 | 0.07 | 0.09 |
| Max drawdown (3Y) | -12.4% | -12.4% |
| Market cap | $28.3B | $17.7B |
| P/E (trailing) | 21.8 | 21.8 |
| Dividend yield | 3.39% | 3.03% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | DTE | LNT |
|---|---|---|
| 2022 | +1.2% | -7.4% |
| 2023 | -2.8% | -3.8% |
| 2024 | +13.5% | +19.5% |
| 2025 | +10.4% | +13.5% |
| 2026 | +7.3% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DTE and LNT good diversifiers for each other?
No: a correlation of 0.85 means DTE and LNT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between DTE and LNT?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.91 over the last year and 0.87 over 5 years.
Is LNT a good diversifier for DTE?
No: a correlation of 0.85 means DTE and LNT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 mean?
A reading of 0.85 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/dte-vs-lnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dte-vs-lnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DTE correlations · LNT correlations
