JBGS vs. HASI

Last updated Apr 1, 2026

Compare and contrast key facts about JBG SMITH Properties (JBGS) and Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI).

Performance

JBGS vs. HASI - Performance Comparison

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

JBGS vs. HASI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JBGS JBG SMITH Properties	-14.11%	15.18%	-4.51%	-6.13%	-31.04%	-5.42%	-19.22%	17.23%	3.03%	-5.47%
HASI Hannon Armstrong Sustainable Infrastructure Capital, Inc.	16.93%	23.95%	3.02%	1.49%	-43.05%	-14.08%	105.59%	77.07%	-15.37%	9.27%

Fundamentals

Market Cap JBGS : $867.05M HASI : $4.64B
EPS JBGS : -$2.22 HASI : $1.37
PS Ratio JBGS : 1.84 HASI : 12.35
PB Ratio JBGS : 0.75 HASI : 1.80
Total Revenue (TTM) JBGS : $498.60M HASI : $400.50M
Gross Profit (TTM) JBGS : $308.02M HASI : $398.94M
EBITDA (TTM) JBGS : $101.03M HASI : $566.67M

Returns By Period

In the year-to-date period, JBGS achieves a -14.11% return, which is significantly lower than HASI's 16.93% return.

JBGS

• 1D: -0.68%
• 1M: -3.94%
• YTD: -14.11%
• 6M: -33.03%
• 1Y: -5.62%
• 3Y*: 3.77%
• 5Y*: -11.04%
• 10Y*: —

HASI

• 1D: 2.54%
• 1M: 0.63%
• YTD: 16.93%
• 6M: 22.91%
• 1Y: 32.98%
• 3Y*: 14.82%
• 5Y*: -3.11%
• 10Y*: 12.28%

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

Return for Risk

JBGS vs. HASI — Risk / Return Rank

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

JBGS

JBGS Risk / Return Rank: 33
JBGS Sharpe Ratio Rank: 32
JBGS Sortino Ratio Rank: 29
JBGS Omega Ratio Rank: 29
JBGS Calmar Ratio Rank: 38
JBGS Martin Ratio Rank: 38

HASI

HASI Risk / Return Rank: 71
HASI Sharpe Ratio Rank: 73
HASI Sortino Ratio Rank: 70
HASI Omega Ratio Rank: 66
HASI Calmar Ratio Rank: 72
HASI Martin Ratio Rank: 74

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.

JBGS vs. HASI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JBG SMITH Properties (JBGS) and Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI). 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.

	JBGS	HASI	Difference
Sharpe ratio Return per unit of total volatility	-0.18	0.92	-1.10
Sortino ratio Return per unit of downside risk	-0.05	1.55	-1.60
Omega ratio Gain probability vs. loss probability	0.99	1.19	-0.20
Calmar ratio Return relative to maximum drawdown	-0.11	1.52	-1.63
Martin ratio Return relative to average drawdown	-0.22	4.32	-4.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JBGS vs. HASI - Sharpe Ratio Comparison

The current JBGS Sharpe Ratio is -0.18, which is lower than the HASI Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of JBGS and HASI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JBGS	HASI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.18	0.92	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	-0.07	-0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.22	0.39	-0.62

Correlation

The correlation between JBGS and HASI is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

JBGS vs. HASI - Dividend Comparison

JBGS's dividend yield for the trailing twelve months is around 4.79%, more than HASI's 4.57% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JBGS JBG SMITH Properties	4.79%	4.12%	5.69%	3.97%	4.74%	3.13%	2.88%	2.26%	2.87%	1.30%	0.00%	0.00%
HASI Hannon Armstrong Sustainable Infrastructure Capital, Inc.	4.57%	5.35%	6.19%	5.73%	5.18%	2.64%	2.14%	4.16%	6.93%	5.49%	6.48%	5.71%

Drawdowns

JBGS vs. HASI - Drawdown Comparison

The maximum JBGS drawdown since its inception was -65.38%, smaller than the maximum HASI drawdown of -76.94%. Use the drawdown chart below to compare losses from any high point for JBGS and HASI.

Drawdown Indicators

	JBGS	HASI	Difference
Max Drawdown Largest peak-to-trough decline	-65.38%	-76.94%	+11.56%
Max Drawdown (1Y) Largest decline over 1 year	-40.23%	-21.04%	-19.19%
Max Drawdown (5Y) Largest decline over 5 years	-59.70%	-75.24%	+15.54%
Max Drawdown (10Y) Largest decline over 10 years	—	-76.94%	—
Current Drawdown Current decline from peak	-55.88%	-32.93%	-22.95%
Average Drawdown Average peak-to-trough decline	-31.77%	-22.71%	-9.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.23%	7.42%	+12.81%

Volatility

JBGS vs. HASI - Volatility Comparison

JBG SMITH Properties (JBGS) has a higher volatility of 8.04% compared to Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) at 7.30%. This indicates that JBGS's price experiences larger fluctuations and is considered to be riskier than HASI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JBGS	HASI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.04%	7.30%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	18.83%	24.10%	-5.27%
Volatility (1Y) Calculated over the trailing 1-year period	31.28%	36.21%	-4.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.98%	47.51%	-16.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.26%	42.21%	-10.95%

Financials

JBGS vs. HASI - Profitability Comparison

The chart below illustrates the profitability comparison between JBG SMITH Properties and Hannon Armstrong Sustainable Infrastructure Capital, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

JBGS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, JBG SMITH Properties reported a gross profit of 122.66M and revenue of 127.56M. Therefore, the gross margin over that period was 96.2%.

HASI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Hannon Armstrong Sustainable Infrastructure Capital, Inc. reported a gross profit of -41.07M and revenue of -255.42M. Therefore, the gross margin over that period was 16.1%.

JBGS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, JBG SMITH Properties reported an operating income of 0.00 and revenue of 127.56M, resulting in an operating margin of 0.0%.

HASI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Hannon Armstrong Sustainable Infrastructure Capital, Inc. reported an operating income of 80.11M and revenue of -255.42M, resulting in an operating margin of -31.4%.

JBGS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, JBG SMITH Properties reported a net income of -45.55M and revenue of 127.56M, resulting in a net margin of -35.7%.

HASI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Hannon Armstrong Sustainable Infrastructure Capital, Inc. reported a net income of -53.77M and revenue of -255.42M, resulting in a net margin of 21.1%.