LNT vs NEE: Correlation
How closely do Alliant Energy (LNT) and NextEra Energy (NEE) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNT and NEE?
Across a 3-year window, the weekly returns of LNT and NEE correlate at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 255.2 %².
Within LNT's tracked universe of 43 assets, NEE comes in at #27 by 3-year correlation. On 12-month performance NEE holds a 9.3-point edge, +6.9% against +16.2%. Across three years, the rolling one-year figure varied moderately, from 0.39 to 0.68. Risk is not evenly split, since NEE carries 1.5 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 NEE: side by side
| LNT (Alliant Energy) | NEE (NextEra Energy) | |
|---|---|---|
| 1-year return | +6.9% | +16.2% |
| 5-year return | +31.9% | +12.9% |
| Volatility (ann.) | 17.5% | 26.5% |
| Beta vs S&P 500 | 0.09 | 0.28 |
| Max drawdown (3Y) | -12.4% | -28.8% |
| Market cap | $17.7B | $174.1B |
| P/E (trailing) | 21.8 | 18.9 |
| Dividend yield | 3.03% | 2.82% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | LNT | NEE |
|---|---|---|
| 2022 | -7.4% | -8.5% |
| 2023 | -3.8% | -25.3% |
| 2024 | +19.5% | +21.5% |
| 2025 | +13.5% | +15.5% |
| 2026 | +7.4% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNT and NEE good diversifiers for each other?
Only partially. A correlation of 0.55 means LNT and NEE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between LNT and NEE?
The LNT/NEE correlation stands at 0.55 on a 3-year window (1 year: 0.62, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is NEE a good diversifier for LNT?
Only partially. A correlation of 0.55 means LNT and NEE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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/lnt-vs-nee.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/lnt-vs-nee/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LNT correlations · NEE correlations
