LNT vs PPL: Correlation
Alliant Energy (LNT) and PPL Corporation (PPL) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNT and PPL?
Over the past 3 years, LNT and PPL moved with a correlation of 0.76, which is strong. Recent behaviour matches the longer record: 0.82 over 1 year against 0.76 over 3. Over 5 years the correlation is 0.79, and the annualized covariance of weekly returns is 232.5 %².
By 3-year correlation, PPL places #13 of the 43 assets tracked against LNT. On 12-month performance LNT holds a 9.9-point edge, +6.9% against -3.0%. Stability stands out here, with the rolling one-year correlation confined to 0.64 through 0.88.
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 PPL: side by side
| LNT (Alliant Energy) | PPL (PPL Corporation) | |
|---|---|---|
| 1-year return | +6.9% | -3.0% |
| 5-year return | +31.9% | +41.1% |
| Volatility (ann.) | 17.5% | 17.4% |
| Beta vs S&P 500 | 0.09 | 0.13 |
| Max drawdown (3Y) | -12.4% | -13.3% |
| Market cap | $17.7B | $25.9B |
| P/E (trailing) | 21.8 | 20.7 |
| Dividend yield | 3.03% | 3.18% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | LNT | PPL |
|---|---|---|
| 2022 | -7.4% | +0.4% |
| 2023 | -3.8% | -3.8% |
| 2024 | +19.5% | +24.0% |
| 2025 | +13.5% | +11.4% |
| 2026 | +7.4% | -0.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNT and PPL good diversifiers for each other?
Only partially. A correlation of 0.76 means LNT and PPL 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 PPL?
As of 2026-08-27, the correlation of weekly returns between LNT and PPL is 0.76 over 3 years, 0.82 over 1 year and 0.79 over 5 years.
Is PPL a good diversifier for LNT?
Only partially. A correlation of 0.76 means LNT and PPL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 mean?
On the −1 to +1 scale, 0.76 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-ppl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lnt-vs-ppl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: LNT correlations · PPL correlations
