GOOG vs LNT: Correlation
Alphabet Inc. (Class C) (GOOG) and Alliant Energy (LNT) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOG and LNT?
On 3 years of weekly data the GOOG/LNT correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. The 5-year figure is -0.03, and annualized covariance runs at -111.6 %².
Within GOOG's tracked universe of 36 assets, LNT comes in at #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GOOG outperformed by 55.8 percentage points (+62.7% for GOOG against +6.9% for LNT). Across three years, the rolling one-year figure varied moderately, from -0.38 to 0.11. Note the risk asymmetry: GOOG runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GOOG vs LNT: side by side
| GOOG (Alphabet Inc. (Class C)) | LNT (Alliant Energy) | |
|---|---|---|
| 1-year return | +62.7% | +6.9% |
| 5-year return | +134.2% | +31.9% |
| Volatility (ann.) | 31.1% | 17.5% |
| Beta vs S&P 500 | 1.20 | 0.09 |
| Max drawdown (3Y) | -29.4% | -12.4% |
| Market cap | $4,130.2B | $17.7B |
| P/E (trailing) | 17.0 | 21.8 |
| Dividend yield | 0.25% | 3.03% |
| Sector / category | Communication Services | Utilities |
Year-by-year returns
| Year | GOOG | LNT |
|---|---|---|
| 2022 | -38.7% | -7.4% |
| 2023 | +58.8% | -3.8% |
| 2024 | +35.6% | +19.5% |
| 2025 | +65.4% | +13.5% |
| 2026 | +7.8% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOG and LNT good diversifiers for each other?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
FAQ
What is the correlation between GOOG and LNT?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.24 over the last year and -0.03 over 5 years.
Is LNT a good diversifier for GOOG?
By historical standards, yes. A correlation of -0.21 means the two rarely move for the same reasons.
What does a correlation of -0.21 mean?
A reading of -0.21 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/goog-vs-lnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/goog-vs-lnt/)
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Related comparisons
Hubs: GOOG correlations · LNT correlations
