EIX vs LNT: Correlation
Measured on weekly returns over the past three years, Edison International (EIX) and Alliant Energy (LNT) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIX and LNT?
Across a 3-year window, the weekly returns of EIX and LNT correlate at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Stretching to 5 years gives 0.61, with an annualized covariance of 220.9 %².
By 3-year correlation, LNT places #11 of the 30 assets tracked against EIX. Correlation aside, the last 12 months split them widely, with EIX ahead by 33.5 points (+40.4% versus +6.9%). This link changes with the market regime, having swung between 0.11 and 0.80 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.
EIX vs LNT: side by side
| EIX (Edison International) | LNT (Alliant Energy) | |
|---|---|---|
| 1-year return | +40.4% | +6.9% |
| 5-year return | +62.2% | +31.9% |
| Volatility (ann.) | 26.0% | 17.5% |
| Beta vs S&P 500 | 0.24 | 0.09 |
| Max drawdown (3Y) | -43.9% | -12.4% |
| Market cap | $28.4B | $17.7B |
| P/E (trailing) | 7.7 | 21.8 |
| Dividend yield | 4.64% | 3.03% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | EIX | LNT |
|---|---|---|
| 2022 | -2.6% | -7.4% |
| 2023 | +17.4% | -3.8% |
| 2024 | +15.2% | +19.5% |
| 2025 | -20.4% | +13.5% |
| 2026 | +27.6% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIX and LNT good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EIX and LNT?
The EIX/LNT correlation stands at 0.49 on a 3-year window (1 year: 0.58, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is LNT a good diversifier for EIX?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 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/eix-vs-lnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eix-vs-lnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EIX correlations · LNT correlations
