KMB vs LNT: Correlation
How closely do Kimberly-Clark (KMB) and Alliant Energy (LNT) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KMB and LNT?
Over the past 3 years, KMB and LNT moved with a correlation of 0.37, which is moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.37 over 3. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 124.6 %².
By 3-year correlation, LNT places #15 of the 27 assets tracked against KMB. Correlation aside, the last 12 months split them widely, with LNT ahead by 18.3 points (-11.4% versus +6.9%). On a rolling one-year basis the correlation drifted between 0.27 and 0.62, a moderate band.
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.
KMB vs LNT: side by side
| KMB (Kimberly-Clark) | LNT (Alliant Energy) | |
|---|---|---|
| 1-year return | -11.4% | +6.9% |
| 5-year return | -2.6% | +31.9% |
| Volatility (ann.) | 19.3% | 17.5% |
| Beta vs S&P 500 | 0.15 | 0.09 |
| Max drawdown (3Y) | -34.1% | -12.4% |
| Market cap | $36.6B | $17.7B |
| P/E (trailing) | 21.7 | 21.8 |
| Dividend yield | 4.60% | 3.03% |
| Sector / category | Consumer Staples | Utilities |
Year-by-year returns
| Year | KMB | LNT |
|---|---|---|
| 2022 | -1.6% | -7.4% |
| 2023 | -7.1% | -3.8% |
| 2024 | +11.8% | +19.5% |
| 2025 | -19.9% | +13.5% |
| 2026 | +11.9% | +7.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KMB and LNT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KMB and LNT?
The KMB/LNT correlation stands at 0.37 on a 3-year window (1 year: 0.36, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is LNT a good diversifier for KMB?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kmb-vs-lnt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kmb-vs-lnt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: KMB correlations · LNT correlations
