EXC vs LNT: Correlation
Exelon (EXC) and Alliant Energy (LNT) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXC and LNT?
Over the past 3 years, EXC and LNT moved with a correlation of 0.75, which is strong. The link has tightened recently: the 1-year correlation (0.86) runs above the 3-year figure (0.75). Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 254.6 %².
By 3-year correlation, LNT places #7 of the 41 assets tracked against EXC. Over the last 12 months LNT came out ahead by 5.2 percentage points (+1.7% against +6.9%). The rolling one-year correlation stayed in a tight band between 0.60 and 0.84 over the past three years, which points to a structural rather than episodic relationship.
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.
EXC vs LNT: side by side
| EXC (Exelon) | LNT (Alliant Energy) | |
|---|---|---|
| 1-year return | +1.7% | +6.9% |
| 5-year return | +48.1% | +31.9% |
| Volatility (ann.) | 19.4% | 17.5% |
| Beta vs S&P 500 | -0.05 | 0.09 |
| Max drawdown (3Y) | -18.9% | -12.4% |
| Market cap | $45.3B | $17.7B |
| P/E (trailing) | 16.3 | 21.8 |
| Dividend yield | 3.69% | 3.03% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | EXC | LNT |
|---|---|---|
| 2022 | +8.3% | -7.4% |
| 2023 | -14.0% | -3.8% |
| 2024 | +9.2% | +19.5% |
| 2025 | +20.0% | +13.5% |
| 2026 | +2.7% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXC and LNT good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EXC and LNT?
The EXC/LNT correlation stands at 0.75 on a 3-year window (1 year: 0.86, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is LNT a good diversifier for EXC?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 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/exc-vs-lnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/exc-vs-lnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EXC correlations · LNT correlations
