LNT vs OGE: Correlation
How closely do Alliant Energy (LNT) and OGE Energy Corp (OGE) trade together? Their weekly returns over three years give a correlation of 0.80, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNT and OGE?
Across a 3-year window, the weekly returns of LNT and OGE correlate at 0.80, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.88 over 1 year against 0.80 over 3. Stretching to 5 years gives 0.85, with an annualized covariance of 246.7 %².
By 3-year correlation, OGE places #7 of the 43 assets tracked against LNT. Neither side won the trailing year by much: +6.9% against +5.5%.
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 OGE: side by side
| LNT (Alliant Energy) | OGE (OGE Energy Corp) | |
|---|---|---|
| 1-year return | +6.9% | +5.5% |
| 5-year return | +31.9% | +60.6% |
| Volatility (ann.) | 17.5% | 17.6% |
| Beta vs S&P 500 | 0.09 | 0.20 |
| Max drawdown (3Y) | -12.4% | -11.3% |
| Market cap | $17.7B | $9.5B |
| P/E (trailing) | 21.8 | 20.4 |
| Dividend yield | 3.03% | 3.64% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | LNT | OGE |
|---|---|---|
| 2022 | -7.4% | +7.6% |
| 2023 | -3.8% | -7.5% |
| 2024 | +19.5% | +23.7% |
| 2025 | +13.5% | +7.6% |
| 2026 | +7.4% | +10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNT and OGE good diversifiers for each other?
No: a correlation of 0.80 means LNT and OGE tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between LNT and OGE?
The LNT/OGE correlation stands at 0.80 on a 3-year window (1 year: 0.88, 5 years: 0.85), computed from weekly returns as of 2026-08-27.
Is OGE a good diversifier for LNT?
No: a correlation of 0.80 means LNT and OGE tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.80 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-oge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lnt-vs-oge/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LNT correlations · OGE correlations
