FRNM vs LNT: Correlation
How closely do Freenome, Inc. (FRNM) and Alliant Energy (LNT) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRNM and LNT?
On 3 years of weekly data the FRNM/LNT correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.33 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -87.1 %².
Within FRNM's tracked universe of 34 assets, LNT comes in at #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FRNM ahead by 25.4 points (+32.3% versus +6.9%).
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.
FRNM vs LNT: side by side
| FRNM (Freenome, Inc.) | LNT (Alliant Energy) | |
|---|---|---|
| 1-year return | +32.3% | +6.9% |
| 5-year return | n/a | +31.9% |
| Volatility (ann.) | 21.1% | 17.5% |
| Beta vs S&P 500 | 0.03 | 0.09 |
| Max drawdown (3Y) | -29.6% | -12.4% |
| Market cap | $1.5B | $17.7B |
| P/E (trailing) | – | 21.8 |
| Dividend yield | 0.00% | 3.03% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | FRNM | LNT |
|---|---|---|
| 2022 | – | -7.4% |
| 2023 | – | -3.8% |
| 2024 | – | +19.5% |
| 2025 | +28.0% | +13.5% |
| 2026 | +7.0% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRNM and LNT good diversifiers for each other?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
FAQ
What is the correlation between FRNM and LNT?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.33 over the last year and n/a over 5 years.
Is LNT a good diversifier for FRNM?
By historical standards, yes. A correlation of -0.24 means the two rarely move for the same reasons.
What does a correlation of -0.24 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/frnm-vs-lnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/frnm-vs-lnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FRNM correlations · LNT correlations
