HASI vs. ARR

Last updated Jun 23, 2026

HASI (Hannon Armstrong Sustainable Infrastructure Capital, Inc.) and ARR (ARMOUR Residential REIT, Inc.) are both stocks. Both are in the Real Estate sector — HASI in REIT - Specialty, ARR in REIT - Mortgage. Over the past 10 years, HASI returned 12.35%/yr vs -3.81%/yr for ARR. At a 0.40 correlation, their price movements are largely independent.

Performance

HASI vs. ARR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) and ARMOUR Residential REIT, Inc. (ARR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HASI achieves a 26.28% return, which is significantly higher than ARR's 1.53% return. Over the past 10 years, HASI has outperformed ARR with an annualized return of 12.35%, while ARR has yielded a comparatively lower -3.81% annualized return.

HASI

• 1D: 0.46%
• 1M: -3.37%
• YTD: 26.28%
• 6M: 20.95%
• 1Y: 61.54%
• 3Y*: 25.35%
• 5Y*: -1.43%
• 10Y*: 12.35%

ARR

• 1D: -1.25%
• 1M: 1.30%
• YTD: 1.53%
• 6M: 1.36%
• 1Y: 19.42%
• 3Y*: 2.97%
• 5Y*: -7.72%
• 10Y*: -3.81%

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

HASI vs. ARR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HASI Hannon Armstrong Sustainable Infrastructure Capital, Inc.	26.28%	23.95%	3.02%	1.49%	-43.05%	-14.08%	105.59%	77.07%	-15.37%	34.31%
ARR ARMOUR Residential REIT, Inc.	1.53%	11.69%	13.17%	-15.43%	-32.01%	1.11%	-33.13%	-2.07%	-11.97%	30.13%

Correlation

The correlation between HASI and ARR is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Apr 18, 2013	0.40

Fundamentals

Market Cap HASI : $5.01B ARR : $1.98B
EPS HASI : $0.42 ARR : $2.29
PE Ratio HASI : 93.11 ARR : 7.23
PEG Ratio HASI : 2.59 ARR : 0.03
PS Ratio HASI : 7.34 ARR : 1.86
PB Ratio HASI : 1.97 ARR : 0.85
Total Revenue (TTM) HASI : $710.03M ARR : $937.04M
Gross Profit (TTM) HASI : $522.93M ARR : $907.29M
EBITDA (TTM) HASI : $347.85M ARR : $800.90M

Return for Risk

HASI vs. ARR — Risk / Return Rank

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

HASI

HASI Risk / Return Rank: 87
HASI Sharpe Ratio Rank: 87
HASI Sortino Ratio Rank: 88
HASI Omega Ratio Rank: 85
HASI Calmar Ratio Rank: 88
HASI Martin Ratio Rank: 89

ARR

ARR Risk / Return Rank: 64
ARR Sharpe Ratio Rank: 68
ARR Sortino Ratio Rank: 59
ARR Omega Ratio Rank: 60
ARR Calmar Ratio Rank: 65
ARR Martin Ratio Rank: 69

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.

HASI vs. ARR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) and ARMOUR Residential REIT, Inc. (ARR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HASI	ARR	Difference
Sharpe ratio: Return per unit of total volatility	1.90	0.82	+1.07
Sortino ratio: Return per unit of downside risk	2.95	1.18	+1.76
Omega ratio: Gain probability vs. loss probability	1.34	1.16	+0.18
Calmar ratio: Return relative to maximum drawdown	3.86	1.16	+2.70
Martin ratio: Return relative to average drawdown	10.83	3.20	+7.63

HASI vs. ARR - Sharpe Ratio Comparison

The current HASI Sharpe Ratio is 1.90, which is higher than the ARR Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of HASI and ARR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HASI vs. ARR - Drawdown Comparison

The maximum HASI drawdown since its inception was -76.94%, roughly equal to the maximum ARR drawdown of -80.12%. Use the drawdown chart below to compare losses from any high point for HASI and ARR.

Drawdown Indicators

	HASI	ARR	Difference
Max Drawdown Largest peak-to-trough decline	-76.94%	-80.12%	+3.18%
Max Drawdown (1Y) Largest decline over 1 year	-16.02%	-16.79%	+0.77%
Max Drawdown (3Y) Largest decline over 3 years	-50.00%	-45.79%	-4.21%
Max Drawdown (5Y) Largest decline over 5 years	-75.24%	-65.42%	-9.82%
Max Drawdown (10Y) Largest decline over 10 years	-76.94%	-78.34%	+1.40%
Current Drawdown Current decline from peak	-27.57%	-62.13%	+34.56%
Average Drawdown Average peak-to-trough decline	-22.76%	-33.18%	+10.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.70%	6.08%	-0.38%

Volatility

HASI vs. ARR - Volatility Comparison

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) has a higher volatility of 8.95% compared to ARMOUR Residential REIT, Inc. (ARR) at 6.37%. This indicates that HASI's price experiences larger fluctuations and is considered to be riskier than ARR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HASI	ARR	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.95%	6.37%	+2.58%
Volatility (6M) Calculated over the trailing 6-month period	20.86%	18.18%	+2.68%
Volatility (1Y) Calculated over the trailing 1-year period	32.68%	23.76%	+8.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.20%	29.08%	+18.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.28%	34.26%	+8.02%

Dividends

HASI vs. ARR - Dividend Comparison

HASI's dividend yield for the trailing twelve months is around 4.29%, less than ARR's 17.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARR ARMOUR Residential REIT, Inc.	17.40%	16.28%	15.27%	25.88%	21.31%	12.23%	11.12%	12.09%	11.12%	8.86%	13.92%	17.88%
HASI Hannon Armstrong Sustainable Infrastructure Capital, Inc.	4.29%	5.35%	6.19%	5.73%	5.18%	2.64%	2.14%	4.16%	6.93%	5.49%	6.48%	5.71%

Financials

Frequently Asked Questions

Can I hold both HASI and ARR in my portfolio?

HASI and ARR have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HASI or ARR?

HASI has higher volatility (8.95%) compared to ARR (6.37%). In terms of maximum drawdown, HASI dropped -76.94% vs ARR's -80.12%.

Which has better risk-adjusted returns?

HASI currently has the higher Sharpe Ratio (1.90 vs 0.82), 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.