BKD vs HASI: Correlation
How closely do Brookdale Senior Living Inc. (BKD) and HA Sustainable Infrastructure Capital, Inc. (HASI) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BKD and HASI?
Over the past 3 years, BKD and HASI moved with a correlation of 0.39, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.26 versus 0.39 over 3 years. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 782.0 %².
In BKD's tracked universe of 13 assets, HASI sits right near the top at #3. Twelve-month performance is nearly a tie, at +54.2% for BKD and +51.0% for HASI.
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.
BKD vs HASI: side by side
| BKD (Brookdale Senior Living Inc.) | HASI (HA Sustainable Infrastructure Capital, Inc.) | |
|---|---|---|
| 1-year return | +54.2% | +51.0% |
| 5-year return | +76.8% | -13.8% |
| Volatility (ann.) | 41.3% | 48.0% |
| Beta vs S&P 500 | 0.15 | 0.84 |
| Max drawdown (3Y) | -43.6% | -41.4% |
| Market cap | $2.9B | $5.2B |
| P/E (trailing) | – | 62.0 |
| Dividend yield | 0.00% | 4.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BKD | HASI |
|---|---|---|
| 2022 | -47.1% | -43.0% |
| 2023 | +113.2% | +1.5% |
| 2024 | -13.6% | +3.0% |
| 2025 | +114.5% | +23.9% |
| 2026 | +12.0% | +31.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BKD and HASI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BKD and HASI?
The BKD/HASI correlation stands at 0.39 on a 3-year window (1 year: 0.26, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is HASI a good diversifier for BKD?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: BKD correlations · HASI correlations
