ETR vs LNT: Correlation
Entergy (ETR) and Alliant Energy (LNT) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETR and LNT?
Across a 3-year window, the weekly returns of ETR and LNT correlate at 0.71, strong. The link has tightened recently: the 1-year correlation (0.83) runs above the 3-year figure (0.71). Stretching to 5 years gives 0.76, with an annualized covariance of 244.2 %².
By 3-year correlation, LNT places #11 of the 38 assets tracked against ETR. The trailing year gives ETR the advantage: +21.9% versus +6.9%, a 15.0-point spread. On a rolling one-year basis the correlation drifted between 0.46 and 0.87, a moderate band.
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.
ETR vs LNT: side by side
| ETR (Entergy) | LNT (Alliant Energy) | |
|---|---|---|
| 1-year return | +21.9% | +6.9% |
| 5-year return | +132.0% | +31.9% |
| Volatility (ann.) | 19.7% | 17.5% |
| Beta vs S&P 500 | 0.22 | 0.09 |
| Max drawdown (3Y) | -10.6% | -12.4% |
| Market cap | $49.7B | $17.7B |
| P/E (trailing) | 27.2 | 21.8 |
| Dividend yield | 2.35% | 3.03% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | ETR | LNT |
|---|---|---|
| 2022 | +3.6% | -7.4% |
| 2023 | -6.1% | -3.8% |
| 2024 | +56.0% | +19.5% |
| 2025 | +25.3% | +13.5% |
| 2026 | +17.3% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETR and LNT good diversifiers for each other?
Only partially. A correlation of 0.71 means ETR 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 ETR and LNT?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.83 over the last year and 0.76 over 5 years.
Is LNT a good diversifier for ETR?
Only partially. A correlation of 0.71 means ETR 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 0.71 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/etr-vs-lnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/etr-vs-lnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ETR correlations · LNT correlations
