HASI vs SBGI: Correlation
How closely do HA Sustainable Infrastructure Capital, Inc. (HASI) and Sinclair, Inc. (SBGI) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HASI and SBGI?
On 3 years of weekly data the HASI/SBGI correlation comes out at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 1332.9 %².
Within HASI's tracked universe of 13 assets, SBGI comes in at #7 by 3-year correlation. The last year tells two different stories: HASI led by 47.8 percentage points, +51.0% for HASI against +3.2% for SBGI.
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.
HASI vs SBGI: side by side
| HASI (HA Sustainable Infrastructure Capital, Inc.) | SBGI (Sinclair, Inc.) | |
|---|---|---|
| 1-year return | +51.0% | +3.2% |
| 5-year return | -13.8% | -37.1% |
| Volatility (ann.) | 48.0% | 57.6% |
| Beta vs S&P 500 | 0.84 | 0.91 |
| Max drawdown (3Y) | -41.4% | -33.1% |
| Market cap | $5.2B | $1.0B |
| P/E (trailing) | 62.0 | 18.2 |
| Dividend yield | 4.22% | 6.98% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HASI | SBGI |
|---|---|---|
| 2022 | -43.0% | -38.7% |
| 2023 | +1.5% | -9.8% |
| 2024 | +3.0% | +32.6% |
| 2025 | +23.9% | +1.5% |
| 2026 | +31.0% | -5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HASI and SBGI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HASI and SBGI?
As of 2026-08-27, the correlation of weekly returns between HASI and SBGI is 0.48 over 3 years, 0.44 over 1 year and 0.44 over 5 years.
Is SBGI a good diversifier for HASI?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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/hasi-vs-sbgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hasi-vs-sbgi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HASI correlations · SBGI correlations
