GOOGL vs LNT: Correlation
Alphabet Inc. (Class A) (GOOGL) and Alliant Energy (LNT) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOOGL and LNT?
Across a 3-year window, the weekly returns of GOOGL and LNT correlate at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.23 over 1 year against -0.20 over 3. Stretching to 5 years gives -0.03, with an annualized covariance of -111.6 %².
Among the 37 assets we track against GOOGL, LNT ranks #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GOOGL ahead by 57.8 points (+64.7% versus +6.9%). This link changes with the market regime, having swung between -0.38 and 0.12 on a rolling one-year basis. Note the risk asymmetry: GOOGL 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.
GOOGL vs LNT: side by side
| GOOGL (Alphabet Inc. (Class A)) | LNT (Alliant Energy) | |
|---|---|---|
| 1-year return | +64.7% | +6.9% |
| 5-year return | +137.7% | +31.9% |
| Volatility (ann.) | 31.4% | 17.5% |
| Beta vs S&P 500 | 1.22 | 0.09 |
| Max drawdown (3Y) | -29.8% | -12.4% |
| Market cap | $4,166.1B | $17.7B |
| P/E (trailing) | 17.2 | 21.8 |
| Dividend yield | 0.25% | 3.03% |
| Sector / category | Communication Services | Utilities |
Year-by-year returns
| Year | GOOGL | LNT |
|---|---|---|
| 2022 | -39.1% | -7.4% |
| 2023 | +58.3% | -3.8% |
| 2024 | +36.0% | +19.5% |
| 2025 | +66.0% | +13.5% |
| 2026 | +9.0% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOOGL and LNT good diversifiers for each other?
Yes. With a correlation of -0.20, GOOGL and LNT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GOOGL and LNT?
Using weekly returns as of 2026-08-27: -0.20 over 3 years, with -0.23 over the last year and -0.03 over 5 years.
Is LNT a good diversifier for GOOGL?
Yes. With a correlation of -0.20, GOOGL and LNT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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/googl-vs-lnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/googl-vs-lnt/)
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Hubs: GOOGL correlations · LNT correlations
