ED vs LNT: Correlation
How closely do Consolidated Edison (ED) and Alliant Energy (LNT) trade together? Their weekly returns over three years give a correlation of 0.75, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ED and LNT?
On 3 years of weekly data the ED/LNT correlation comes out at 0.75, strong. Little has changed lately, as the 1-year reading of 0.82 lands near the 3-year figure. The 5-year figure is 0.81, and annualized covariance runs at 217.1 %².
Within ED's tracked universe of 105 assets, LNT comes in at #5 by 3-year correlation. Twelve-month performance is nearly a tie, at +10.2% for ED and +6.9% for LNT. The rolling one-year correlation moved between 0.53 and 0.86 over the past three years, a moderate range.
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.
ED vs LNT: side by side
| ED (Consolidated Edison) | LNT (Alliant Energy) | |
|---|---|---|
| 1-year return | +10.2% | +6.9% |
| 5-year return | +67.5% | +31.9% |
| Volatility (ann.) | 16.5% | 17.5% |
| Beta vs S&P 500 | -0.21 | 0.09 |
| Max drawdown (3Y) | -17.4% | -12.4% |
| Market cap | $39.5B | $17.7B |
| P/E (trailing) | 17.5 | 21.8 |
| Dividend yield | 3.22% | 3.03% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | ED | LNT |
|---|---|---|
| 2022 | +15.7% | -7.4% |
| 2023 | -1.1% | -3.8% |
| 2024 | +1.5% | +19.5% |
| 2025 | +15.1% | +13.5% |
| 2026 | +10.1% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ED and LNT good diversifiers for each other?
Only partially. A correlation of 0.75 means ED 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 ED and LNT?
As of 2026-08-27, the correlation of weekly returns between ED and LNT is 0.75 over 3 years, 0.82 over 1 year and 0.81 over 5 years.
Is LNT a good diversifier for ED?
Only partially. A correlation of 0.75 means ED 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 0.75 mean?
On the −1 to +1 scale, 0.75 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ed-vs-lnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ed-vs-lnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ED correlations · LNT correlations
