HASI vs. CWEN
HASI (Hannon Armstrong Sustainable Infrastructure Capital, Inc.) and CWEN (Clearway Energy, Inc.) are both stocks. HASI operates in REIT - Specialty (Real Estate), while CWEN operates in Utilities - Renewable (Utilities). Over the past 10 years, HASI returned 11.04%/yr vs 11.93%/yr for CWEN. Their 0.39 correlation means their historical movements had little consistent relationship.
Performance
HASI vs. CWEN - Performance Comparison
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Returns By Period
In the year-to-date period, HASI achieves a 23.22% return, which is significantly higher than CWEN's -2.33% return. Over the past 10 years, HASI has underperformed CWEN with an annualized return of 11.04%, while CWEN has yielded a comparatively higher 11.93% annualized return.
HASI
- 1D
- -0.24%
- 1M
- -1.02%
- 6M
- 12.55%
- YTD
- 23.22%
- 1Y
- 54.79%
- 3Y*
- 21.66%
- 5Y*
- -2.93%
- 10Y*
- 11.04%
- ALL TIME*
- 15.22%
CWEN
- 1D
- 0.00%
- 1M
- -3.14%
- 6M
- -10.14%
- YTD
- -2.33%
- 1Y
- 3.06%
- 3Y*
- 13.54%
- 5Y*
- 7.48%
- 10Y*
- 11.93%
- ALL TIME*
- 6.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $36.19M | $37.28M | $48.06M | |
| $33.16M | $30.49M | $40.30M |
HASI vs. CWEN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HASI Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 23.22% | 23.95% | 3.02% | 1.49% | -43.05% | -14.08% | 105.59% | 77.07% | -15.37% | 34.31% |
CWEN Clearway Energy, Inc. | -2.33% | 35.48% | 0.87% | -8.93% | -7.89% | 17.83% | 67.04% | 21.37% | -2.11% | 26.92% |
Correlation
The correlation between HASI and CWEN is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2013 | 0.39 |
The correlation between HASI and CWEN shifts across timeframes, from 0.39 (all time) to 0.52 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
HASI:
$4.84B
CWEN:
$6.52B
HASI:
$0.43
CWEN:
$0.02
HASI:
88.75
CWEN:
1.44K
HASI:
2.47
CWEN:
5.50
HASI:
7.00
CWEN:
1.94
HASI:
1.91
CWEN:
0.20
HASI:
$710.03M
CWEN:
$1.49B
HASI:
$522.93M
CWEN:
$543.00M
HASI:
$347.85M
CWEN:
$878.00M
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Return for Risk
HASI vs. CWEN — Risk / Return Rank
HASI
CWEN
HASI vs. CWEN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) and Clearway Energy, Inc. (CWEN). 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 | CWEN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.04 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 0.09 | +3.24 |
| Martin ratioReturn relative to average drawdown | 8.54 | 0.27 | +8.27 |
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Drawdowns
HASI vs. CWEN - Drawdown Comparison
The maximum HASI drawdown since its inception was -76.94%, roughly equal to the maximum CWEN drawdown of -79.41%. Use the drawdown chart below to compare losses from any high point for HASI and CWEN.
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Drawdown Indicators
| HASI | CWEN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.94% | -79.41% | +2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -16.02% | -25.40% | +9.38% |
Max Drawdown (3Y)Largest decline over 3 years | -41.41% | -26.03% | -15.38% |
Max Drawdown (5Y)Largest decline over 5 years | -75.24% | -52.09% | -23.15% |
Max Drawdown (10Y)Largest decline over 10 years | -76.94% | -52.09% | -24.85% |
Current DrawdownCurrent decline from peak | -29.32% | -23.10% | -6.22% |
Average DrawdownAverage peak-to-trough decline | -22.81% | -35.21% | +12.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.25% | 8.78% | -2.53% |
Volatility
HASI vs. CWEN - Volatility Comparison
The current volatility for Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) is 5.43%, while Clearway Energy, Inc. (CWEN) has a volatility of 8.43%. This indicates that HASI experiences smaller price fluctuations and is considered to be less risky than CWEN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HASI | CWEN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 8.43% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 20.41% | 22.33% | -1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.85% | 30.29% | +0.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.99% | 30.45% | +16.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.22% | 31.27% | +10.95% |
Dividends
HASI vs. CWEN - Dividend Comparison
HASI's dividend yield for the trailing twelve months is around 4.46%, less than CWEN's 5.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWEN Clearway Energy, Inc. | 5.76% | 5.32% | 6.36% | 5.62% | 4.48% | 3.68% | 3.29% | 4.01% | 7.29% | 5.81% | 5.98% | 6.88% |
HASI Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 4.46% | 5.35% | 6.19% | 5.73% | 5.18% | 2.64% | 2.14% | 4.16% | 6.93% | 5.49% | 6.48% | 5.71% |
Financials
HASI vs. CWEN - Financials Comparison
This section allows you to compare key financial metrics between Hannon Armstrong Sustainable Infrastructure Capital, Inc. and Clearway Energy, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
HASI vs. CWEN - Profitability Comparison
HASI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Hannon Armstrong Sustainable Infrastructure Capital, Inc. reported a gross profit of 88.72M and revenue of 124.23M. Therefore, the gross margin over that period was 71.4%.
CWEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Clearway Energy, Inc. reported a gross profit of 0.00 and revenue of 354.00M. Therefore, the gross margin over that period was 0.0%.
HASI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Hannon Armstrong Sustainable Infrastructure Capital, Inc. reported an operating income of 78.56M and revenue of 124.23M, resulting in an operating margin of 63.2%.
CWEN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Clearway Energy, Inc. reported an operating income of 20.00M and revenue of 354.00M, resulting in an operating margin of 5.7%.
HASI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Hannon Armstrong Sustainable Infrastructure Capital, Inc. reported a net income of -71.97M and revenue of 124.23M, resulting in a net margin of -57.9%.
CWEN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Clearway Energy, Inc. reported a net income of -163.00M and revenue of 354.00M, resulting in a net margin of -46.1%.
Frequently Asked Questions
HASI and CWEN have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWEN has higher volatility (8.43%) compared to HASI (5.43%). In terms of maximum drawdown, HASI dropped -76.94% vs CWEN's -79.41%.
HASI currently has the higher Sharpe Ratio (1.74 vs 0.08), 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.
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