LNT vs QQQ: Correlation
How closely do Alliant Energy (LNT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.06, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNT and QQQ?
Across a 3-year window, the weekly returns of LNT and QQQ correlate at -0.06, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.19) than the 3-year average (-0.06). Stretching to 5 years gives 0.17, with an annualized covariance of -22.2 %².
Among the 43 assets we track against LNT, QQQ ranks #33 by 3-year correlation. The last year tells two different stories: QQQ led by 19.4 percentage points, +6.9% for LNT against +26.3% for QQQ. The relationship is regime-dependent: the rolling one-year correlation swung between -0.28 and 0.32 over the past three years, so this pair behaves very differently depending on the market environment.
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 QQQ: side by side
| LNT (Alliant Energy) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +6.9% | +26.3% |
| 5-year return | +31.9% | +95.4% |
| Volatility (ann.) | 17.5% | 19.6% |
| Beta vs S&P 500 | 0.09 | 1.28 |
| Max drawdown (3Y) | -12.4% | -22.8% |
| Market cap | $17.7B | – |
| P/E (trailing) | 21.8 | – |
| Dividend yield | 3.03% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Utilities | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | LNT | QQQ |
|---|---|---|
| 2022 | -7.4% | -32.6% |
| 2023 | -3.8% | +54.9% |
| 2024 | +19.5% | +25.6% |
| 2025 | +13.5% | +20.8% |
| 2026 | +7.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNT and QQQ good diversifiers for each other?
Yes: at -0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between LNT and QQQ?
The LNT/QQQ correlation stands at -0.06 on a 3-year window (1 year: -0.19, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for LNT?
Yes: at -0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.06 mean?
A reading of -0.06 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: LNT correlations · QQQ correlations
