LNT vs WEC: Correlation
Alliant Energy (LNT) and WEC Energy Group (WEC) show a very strong relationship: their 3-year correlation of weekly returns is 0.86.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LNT and WEC?
On 3 years of weekly data the LNT/WEC correlation comes out at 0.86, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.92 over 1 year against 0.86 over 3. The 5-year figure is 0.89, and annualized covariance runs at 253.4 %².
WEC is one of the assets that tracks LNT most closely: it ranks #1 out of the 43 assets we track against LNT. Their 12-month results are close: +6.9% for LNT against +2.1% for WEC. The rolling one-year correlation stayed in a tight band between 0.74 and 0.94 over the past three years, which points to a structural rather than episodic relationship.
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 WEC: side by side
| LNT (Alliant Energy) | WEC (WEC Energy Group) | |
|---|---|---|
| 1-year return | +6.9% | +2.1% |
| 5-year return | +31.9% | +32.7% |
| Volatility (ann.) | 17.5% | 16.9% |
| Beta vs S&P 500 | 0.09 | 0.02 |
| Max drawdown (3Y) | -12.4% | -11.6% |
| Market cap | $17.7B | $34.6B |
| P/E (trailing) | 21.8 | 20.6 |
| Dividend yield | 3.03% | 3.43% |
| Sector / category | Utilities | Utilities |
Year-by-year returns
| Year | LNT | WEC |
|---|---|---|
| 2022 | -7.4% | -0.5% |
| 2023 | -3.8% | -7.0% |
| 2024 | +19.5% | +16.1% |
| 2025 | +13.5% | +16.0% |
| 2026 | +7.4% | +3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LNT and WEC good diversifiers for each other?
No: a correlation of 0.86 means LNT and WEC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between LNT and WEC?
Using weekly returns as of 2026-08-27: 0.86 over 3 years, with 0.92 over the last year and 0.89 over 5 years.
Is WEC a good diversifier for LNT?
No: a correlation of 0.86 means LNT and WEC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.86 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 · WEC correlations
