LNT vs NRXP: Correlation
Measured on weekly returns over the past three years, Alliant Energy (LNT) and NRX Pharmaceuticals, Inc. (NRXP) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNT and NRXP?
Across a 3-year window, the weekly returns of LNT and NRXP correlate at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.12 over 1 year against -0.19 over 3. Stretching to 5 years gives -0.12, with an annualized covariance of -382.2 %².
By 3-year correlation, NRXP places #35 of the 43 assets tracked against LNT. Correlation aside, the last 12 months split them widely, with NRXP ahead by 33.4 points (+6.9% versus +40.3%). Risk is not evenly split, since NRXP carries 6.4 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 NRXP: side by side
| LNT (Alliant Energy) | NRXP (NRX Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +6.9% | +40.3% |
| 5-year return | +31.9% | -97.5% |
| Volatility (ann.) | 17.5% | 112.5% |
| Beta vs S&P 500 | 0.09 | 1.30 |
| Max drawdown (3Y) | -12.4% | -83.5% |
| Market cap | $17.7B | $0.2B |
| P/E (trailing) | 21.8 | – |
| Dividend yield | 3.03% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | LNT | NRXP |
|---|---|---|
| 2022 | -7.4% | -76.8% |
| 2023 | -3.8% | -58.6% |
| 2024 | +19.5% | -52.2% |
| 2025 | +13.5% | +23.2% |
| 2026 | +7.4% | +33.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNT and NRXP good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LNT and NRXP?
As of 2026-08-27, the correlation of weekly returns between LNT and NRXP is -0.19 over 3 years, -0.12 over 1 year and -0.12 over 5 years.
Is NRXP a good diversifier for LNT?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
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-nrxp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lnt-vs-nrxp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LNT correlations · NRXP correlations
