EVRG vs LNT: Correlation
Measured on weekly returns over the past three years, Evergy (EVRG) and Alliant Energy (LNT) carry a correlation of 0.81, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVRG and LNT?
Across a 3-year window, the weekly returns of EVRG and LNT correlate at 0.81, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.89 lands near the 3-year figure. Stretching to 5 years gives 0.83, with an annualized covariance of 252.1 %².
LNT is one of the assets that tracks EVRG most closely: it ranks #3 out of the 44 assets we track against EVRG. The trailing year gives EVRG the advantage: +16.9% versus +6.9%, a 10.0-point spread. Stability stands out here, with the rolling one-year correlation confined to 0.66 through 0.88.
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.
EVRG vs LNT: side by side
| EVRG (Evergy) | LNT (Alliant Energy) | |
|---|---|---|
| 1-year return | +16.9% | +6.9% |
| 5-year return | +46.3% | +31.9% |
| Volatility (ann.) | 17.9% | 17.5% |
| Beta vs S&P 500 | 0.13 | 0.09 |
| Max drawdown (3Y) | -15.8% | -12.4% |
| Market cap | $18.8B | $17.7B |
| P/E (trailing) | 20.9 | 21.8 |
| Dividend yield | 3.35% | 3.03% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | EVRG | LNT |
|---|---|---|
| 2022 | -4.9% | -7.4% |
| 2023 | -13.3% | -3.8% |
| 2024 | +23.4% | +19.5% |
| 2025 | +22.4% | +13.5% |
| 2026 | +15.2% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVRG and LNT good diversifiers for each other?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between EVRG and LNT?
The EVRG/LNT correlation stands at 0.81 on a 3-year window (1 year: 0.89, 5 years: 0.83), computed from weekly returns as of 2026-08-27.
Is LNT a good diversifier for EVRG?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.81 mean?
A reading of 0.81 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/evrg-vs-lnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/evrg-vs-lnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EVRG correlations · LNT correlations
