HASI vs. SPY
Compare and contrast key facts about Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HASI or SPY.
Performance
HASI vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, HASI achieves a 3.38% return, which is significantly lower than SPY's 24.40% return. Both investments have delivered pretty close results over the past 10 years, with HASI having a 13.20% annualized return and SPY not far behind at 13.04%.
HASI
3.38%
-22.13%
-11.92%
23.89%
3.36%
13.20%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| HASI | SPY | |
|---|---|---|
| Sharpe Ratio | 0.61 | 2.64 |
| Sortino Ratio | 1.17 | 3.53 |
| Omega Ratio | 1.15 | 1.49 |
| Calmar Ratio | 0.43 | 3.81 |
| Martin Ratio | 2.91 | 17.21 |
| Ulcer Index | 9.46% | 1.86% |
| Daily Std Dev | 45.44% | 12.15% |
| Max Drawdown | -76.94% | -55.19% |
| Current Drawdown | -53.56% | -2.17% |
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Correlation
The correlation between HASI and SPY is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
HASI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) and SPDR S&P 500 ETF (SPY). 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.
Dividends
HASI vs. SPY - Dividend Comparison
HASI's dividend yield for the trailing twelve months is around 6.00%, more than SPY's 1.20% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HASI Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 6.00% | 5.73% | 5.18% | 2.64% | 2.14% | 4.16% | 6.93% | 6.86% | 6.48% | 5.71% | 6.47% | 3.01% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
HASI vs. SPY - Drawdown Comparison
The maximum HASI drawdown since its inception was -76.94%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HASI and SPY. For additional features, visit the drawdowns tool.
Volatility
HASI vs. SPY - Volatility Comparison
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) has a higher volatility of 17.45% compared to SPDR S&P 500 ETF (SPY) at 4.06%. This indicates that HASI's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.