LNT vs MSFT: Correlation
How closely do Alliant Energy (LNT) and Microsoft (MSFT) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNT and MSFT?
On 3 years of weekly data the LNT/MSFT correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.19 over 3. The 5-year figure is 0.06, and annualized covariance runs at -91.0 %².
By 3-year correlation, MSFT places #34 of the 43 assets tracked against LNT. Over the last 12 months LNT came out ahead by 6.4 percentage points (+6.9% against +0.5%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.38 and 0.34 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since MSFT carries 1.6 times the volatility of the other side.
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.
LNT vs MSFT: side by side
| LNT (Alliant Energy) | MSFT (Microsoft) | |
|---|---|---|
| 1-year return | +6.9% | +0.5% |
| 5-year return | +31.9% | +73.3% |
| Volatility (ann.) | 17.5% | 27.5% |
| Beta vs S&P 500 | 0.09 | 1.12 |
| Max drawdown (3Y) | -12.4% | -34.5% |
| Market cap | $17.7B | $3,750.3B |
| P/E (trailing) | 21.8 | 28.1 |
| Dividend yield | 3.03% | 0.73% |
| Sector / category | Utilities | Information Technology |
Year-by-year returns
| Year | LNT | MSFT |
|---|---|---|
| 2022 | -7.4% | -28.0% |
| 2023 | -3.8% | +58.2% |
| 2024 | +19.5% | +12.9% |
| 2025 | +13.5% | +15.6% |
| 2026 | +7.4% | +5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNT and MSFT good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between LNT and MSFT?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.29 over the last year and 0.06 over 5 years.
Is MSFT a good diversifier for LNT?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 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/lnt-vs-msft.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lnt-vs-msft/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LNT correlations · MSFT correlations
