LNT vs TEAM: Correlation
How closely do Alliant Energy (LNT) and Atlassian Corporation (TEAM) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNT and TEAM?
Over the past 3 years, LNT and TEAM moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.20 over 3 years. Over 5 years the correlation is -0.08, and the annualized covariance of weekly returns is -210.6 %².
Within LNT's tracked universe of 43 assets, TEAM comes in at #38 by 3-year correlation. Neither side won the trailing year by much: +6.9% against +8.0%. One caveat on sizing: TEAM is 3.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TEAM: side by side
| LNT (Alliant Energy) | TEAM (Atlassian Corporation) | |
|---|---|---|
| 1-year return | +6.9% | +8.0% |
| 5-year return | +31.9% | -49.3% |
| Volatility (ann.) | 17.5% | 61.5% |
| Beta vs S&P 500 | 0.09 | 1.66 |
| Max drawdown (3Y) | -12.4% | -82.3% |
| Market cap | $17.7B | $47.0B |
| P/E (trailing) | 21.8 | – |
| Dividend yield | 3.03% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | LNT | TEAM |
|---|---|---|
| 2022 | -7.4% | -66.3% |
| 2023 | -3.8% | +84.8% |
| 2024 | +19.5% | +2.3% |
| 2025 | +13.5% | -33.4% |
| 2026 | +7.4% | +14.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNT and TEAM good diversifiers for each other?
Yes. With a correlation of -0.20, LNT and TEAM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between LNT and TEAM?
As of 2026-08-27, the correlation of weekly returns between LNT and TEAM is -0.20 over 3 years, -0.36 over 1 year and -0.08 over 5 years.
Is TEAM a good diversifier for LNT?
Yes. With a correlation of -0.20, LNT and TEAM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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.
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Related comparisons
Hubs: LNT correlations · TEAM correlations
