ACP vs HASI: Correlation
Measured on weekly returns over the past three years, abrdn Income Credit Strategies Fund (ACP) and HA Sustainable Infrastructure Capital, Inc. (HASI) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACP and HASI?
Across a 3-year window, the weekly returns of ACP and HASI correlate at 0.57, moderate. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.57). Stretching to 5 years gives 0.46, with an annualized covariance of 435.2 %².
Within ACP's tracked universe of 12 assets, HASI comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HASI ahead by 49.9 points (+1.1% versus +51.0%). One caveat on sizing: HASI is 3.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACP vs HASI: side by side
| ACP (abrdn Income Credit Strategies Fund) | HASI (HA Sustainable Infrastructure Capital, Inc.) | |
|---|---|---|
| 1-year return | +1.1% | +51.0% |
| 5-year return | +0.6% | -13.8% |
| Volatility (ann.) | 16.0% | 48.0% |
| Beta vs S&P 500 | 0.59 | 0.84 |
| Max drawdown (3Y) | -19.0% | -41.4% |
| Market cap | $0.6B | $5.2B |
| P/E (trailing) | 7.7 | 62.0 |
| Dividend yield | 18.53% | 4.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACP | HASI |
|---|---|---|
| 2022 | -22.9% | -43.0% |
| 2023 | +19.3% | +1.5% |
| 2024 | +4.8% | +3.0% |
| 2025 | +6.6% | +23.9% |
| 2026 | +4.9% | +31.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACP and HASI good diversifiers for each other?
Only partially. A correlation of 0.57 means ACP and HASI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ACP and HASI?
The ACP/HASI correlation stands at 0.57 on a 3-year window (1 year: 0.41, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is HASI a good diversifier for ACP?
Only partially. A correlation of 0.57 means ACP and HASI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acp-vs-hasi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/acp-vs-hasi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ACP correlations · HASI correlations
