LNT vs PEG: Correlation
How closely do Alliant Energy (LNT) and Public Service Enterprise Group (PEG) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNT and PEG?
Over the past 3 years, LNT and PEG moved with a correlation of 0.60, which is strong. The past 12 months show a tighter link (0.72) than the 3-year average (0.60). Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 197.3 %².
Among the 43 assets we track against LNT, PEG ranks #24 by 3-year correlation. The last year tells two different stories: LNT led by 15.5 percentage points, +6.9% for LNT against -8.6% for PEG. This link changes with the market regime, having swung between 0.30 and 0.83 on a rolling one-year basis.
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 PEG: side by side
| LNT (Alliant Energy) | PEG (Public Service Enterprise Group) | |
|---|---|---|
| 1-year return | +6.9% | -8.6% |
| 5-year return | +31.9% | +34.9% |
| Volatility (ann.) | 17.5% | 18.9% |
| Beta vs S&P 500 | 0.09 | 0.25 |
| Max drawdown (3Y) | -12.4% | -18.8% |
| Market cap | $17.7B | $36.5B |
| P/E (trailing) | 21.8 | 18.4 |
| Dividend yield | 3.03% | 3.51% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | LNT | PEG |
|---|---|---|
| 2022 | -7.4% | -5.1% |
| 2023 | -3.8% | +3.6% |
| 2024 | +19.5% | +42.6% |
| 2025 | +13.5% | -1.9% |
| 2026 | +7.4% | -7.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNT and PEG good diversifiers for each other?
Only partially. A correlation of 0.60 means LNT and PEG 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 PEG?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.72 over the last year and 0.70 over 5 years.
Is PEG a good diversifier for LNT?
Only partially. A correlation of 0.60 means LNT and PEG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 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-peg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lnt-vs-peg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LNT correlations · PEG correlations
