JNJ vs LNT: Correlation
Johnson & Johnson (JNJ) and Alliant Energy (LNT) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JNJ and LNT?
Across a 3-year window, the weekly returns of JNJ and LNT correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.51, with an annualized covariance of 172.2 %².
Among the 48 assets we track against JNJ, LNT ranks #10 by 3-year correlation. The last year tells two different stories: JNJ led by 46.8 percentage points, +53.7% for JNJ against +6.9% for LNT. The link looks structural: the rolling one-year correlation barely moved, holding between 0.45 and 0.62.
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.
JNJ vs LNT: side by side
| JNJ (Johnson & Johnson) | LNT (Alliant Energy) | |
|---|---|---|
| 1-year return | +53.7% | +6.9% |
| 5-year return | +76.0% | +31.9% |
| Volatility (ann.) | 18.5% | 17.5% |
| Beta vs S&P 500 | 0.05 | 0.09 |
| Max drawdown (3Y) | -14.4% | -12.4% |
| Market cap | $640.5B | $17.7B |
| P/E (trailing) | 30.9 | 21.8 |
| Dividend yield | 1.94% | 3.03% |
| Sector / category | Health Care | Utilities |
Year-by-year returns
| Year | JNJ | LNT |
|---|---|---|
| 2022 | +6.0% | -7.4% |
| 2023 | -8.6% | -3.8% |
| 2024 | -4.8% | +19.5% |
| 2025 | +47.5% | +13.5% |
| 2026 | +30.5% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JNJ and LNT good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JNJ and LNT?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.54 over the last year and 0.51 over 5 years.
Is LNT a good diversifier for JNJ?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 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/jnj-vs-lnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/jnj-vs-lnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: JNJ correlations · LNT correlations
