LNT vs. XEL

Last updated Jun 3, 2026

LNT (Alliant Energy Corporation) and XEL (Xcel Energy Inc.) are both stocks. Both operate in the Utilities - Regulated Electric industry within the Utilities sector. Over the past 10 years, LNT returned 9.75%/yr vs 9.64%/yr for XEL. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

LNT vs. XEL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alliant Energy Corporation (LNT) and Xcel Energy Inc. (XEL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LNT achieves a 10.86% return, which is significantly higher than XEL's 6.21% return. Both investments have delivered pretty close results over the past 10 years, with LNT having a 9.75% annualized return and XEL not far behind at 9.64%.

LNT

• 1D: 2.00%
• 1M: -4.19%
• YTD: 10.86%
• 6M: 8.33%
• 1Y: 17.91%
• 3Y*: 14.75%
• 5Y*: 7.50%
• 10Y*: 9.75%

XEL

• 1D: 1.91%
• 1M: -5.70%
• YTD: 6.21%
• 6M: 0.01%
• 1Y: 15.21%
• 3Y*: 10.98%
• 5Y*: 5.30%
• 10Y*: 9.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

LNT vs. XEL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LNT Alliant Energy Corporation	10.86%	13.52%	19.54%	-3.84%	-7.44%	22.86%	-3.16%	33.43%	2.37%	16.05%
XEL Xcel Energy Inc.	6.21%	13.89%	12.32%	-8.67%	6.44%	4.40%	7.77%	32.37%	5.88%	21.91%

Correlation

The correlation between LNT and XEL is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 6, 1988	0.58

The correlation between LNT and XEL shifts across timeframes, from 0.58 (all time) to 0.84 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap LNT : $18.36B XEL : $48.75B
EPS LNT : $2.94 XEL : $3.50
PE Ratio LNT : 24.11 XEL : 22.22
PEG Ratio LNT : 4.95 XEL : 5.73
PS Ratio LNT : 4.15 XEL : 3.14
Total Revenue (TTM) LNT : $4.42B XEL : $14.78B
Gross Profit (TTM) LNT : $2.26B XEL : $1.88B
EBITDA (TTM) LNT : $2.00B XEL : $6.26B

Return for Risk

LNT vs. XEL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LNT

LNT Risk / Return Rank: 73
LNT Sharpe Ratio Rank: 75
LNT Sortino Ratio Rank: 68
LNT Omega Ratio Rank: 66
LNT Calmar Ratio Rank: 78
LNT Martin Ratio Rank: 78

XEL

XEL Risk / Return Rank: 63
XEL Sharpe Ratio Rank: 66
XEL Sortino Ratio Rank: 60
XEL Omega Ratio Rank: 58
XEL Calmar Ratio Rank: 65
XEL Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LNT vs. XEL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alliant Energy Corporation (LNT) and Xcel Energy Inc. (XEL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LNT	XEL	Difference
Sharpe ratio Return per unit of total volatility	1.16	0.80	+0.36
Sortino ratio Return per unit of downside risk	1.66	1.31	+0.34
Omega ratio Gain probability vs. loss probability	1.20	1.16	+0.05
Calmar ratio Return relative to maximum drawdown	2.51	1.27	+1.24
Martin ratio Return relative to average drawdown	5.95	3.36	+2.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LNT vs. XEL - Sharpe Ratio Comparison

The current LNT Sharpe Ratio is 1.16, which is higher than the XEL Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of LNT and XEL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LNT	XEL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	0.80	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.26	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.45	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.41	+0.09

Drawdowns

LNT vs. XEL - Drawdown Comparison

The maximum LNT drawdown since its inception was -51.66%, smaller than the maximum XEL drawdown of -80.64%. Use the drawdown chart below to compare losses from any high point for LNT and XEL.

Drawdown Indicators

	LNT	XEL	Difference
Max Drawdown Largest peak-to-trough decline	-51.66%	-80.64%	+28.98%
Max Drawdown (1Y) Largest decline over 1 year	-7.01%	-11.50%	+4.49%
Max Drawdown (3Y) Largest decline over 3 years	-16.35%	-24.42%	+8.07%
Max Drawdown (5Y) Largest decline over 5 years	-25.60%	-34.41%	+8.81%
Max Drawdown (10Y) Largest decline over 10 years	-33.54%	-34.41%	+0.87%
Current Drawdown Current decline from peak	-4.19%	-6.51%	+2.32%
Average Drawdown Average peak-to-trough decline	-8.75%	-11.32%	+2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	4.34%	-1.38%

Volatility

LNT vs. XEL - Volatility Comparison

The current volatility for Alliant Energy Corporation (LNT) is 5.82%, while Xcel Energy Inc. (XEL) has a volatility of 6.85%. This indicates that LNT experiences smaller price fluctuations and is considered to be less risky than XEL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LNT	XEL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.82%	6.85%	-1.03%
Volatility (6M) Calculated over the trailing 6-month period	11.99%	14.70%	-2.71%
Volatility (1Y) Calculated over the trailing 1-year period	15.49%	19.03%	-3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.72%	20.80%	-1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.18%	21.69%	-0.51%

Dividends

LNT vs. XEL - Dividend Comparison

LNT's dividend yield for the trailing twelve months is around 2.94%, which matches XEL's 2.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LNT Alliant Energy Corporation	2.94%	3.12%	3.25%	3.53%	3.10%	2.62%	2.95%	2.60%	3.17%	2.96%	3.10%	3.52%
XEL Xcel Energy Inc.	2.96%	3.83%	2.43%	3.36%	2.78%	2.70%	2.58%	2.55%	3.09%	2.99%	3.34%	3.56%

Financials

LNT vs. XEL - Profitability Comparison

The chart below illustrates the profitability comparison between Alliant Energy Corporation and Xcel Energy Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LNT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alliant Energy Corporation reported a gross profit of 1.00B and revenue of 1.18B. Therefore, the gross margin over that period was 84.8%.

XEL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Xcel Energy Inc. reported a gross profit of 0.00 and revenue of 4.02B. Therefore, the gross margin over that period was 0.0%.

LNT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alliant Energy Corporation reported an operating income of 249.00M and revenue of 1.18B, resulting in an operating margin of 21.0%.

XEL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Xcel Energy Inc. reported an operating income of 754.00M and revenue of 4.02B, resulting in an operating margin of 18.8%.

LNT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alliant Energy Corporation reported a net income of 163.00M and revenue of 1.18B, resulting in a net margin of 13.8%.

XEL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Xcel Energy Inc. reported a net income of 556.00M and revenue of 4.02B, resulting in a net margin of 13.8%.

Frequently Asked Questions

Can I hold both LNT and XEL in my portfolio?

LNT and XEL have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LNT or XEL?

XEL has higher volatility (6.85%) compared to LNT (5.82%). In terms of maximum drawdown, LNT dropped -51.66% vs XEL's -80.64%.

Which has better risk-adjusted returns?

LNT currently has the higher Sharpe Ratio (1.16 vs 0.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.