3800.HK vs. FSLR

Last updated Apr 2, 2026

Compare and contrast key facts about GCL-Poly Energy Holdings Ltd (3800.HK) and First Solar, Inc. (FSLR).

Performance

3800.HK vs. FSLR - Performance Comparison

The chart below illustrates the hypothetical performance of a HK$10,000 investment in GCL-Poly Energy Holdings Ltd (3800.HK) and First Solar, Inc. (FSLR). The values are adjusted to include any dividend payments, if applicable.

3800.HK vs. FSLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
3800.HK GCL-Poly Energy Holdings Ltd	-12.26%	-1.85%	-12.90%	-34.90%	-27.70%	130.08%	317.02%	-37.90%	-66.07%	50.53%
FSLR First Solar, Inc.	-23.14%	48.51%	1.77%	15.00%	72.15%	-11.41%	75.97%	31.11%	-36.98%	112.02%

Different Trading Currencies

3800.HK is traded in HKD, while FSLR is traded in USD. To make them comparable, the FSLR values have been converted to HKD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3800.HK achieves a -12.26% return, which is significantly higher than FSLR's -23.14% return. Over the past 10 years, 3800.HK has underperformed FSLR with an annualized return of -2.45%, while FSLR has yielded a comparatively higher 11.56% annualized return.

3800.HK

• 1D: 8.14%
• 1M: -19.83%
• YTD: -12.26%
• 6M: -29.01%
• 1Y: -4.12%
• 3Y*: -21.91%
• 5Y*: -12.79%
• 10Y*: -2.45%

FSLR

• 1D: 1.06%
• 1M: -0.02%
• YTD: -23.14%
• 6M: -10.67%
• 1Y: 57.44%
• 3Y*: -2.91%
• 5Y*: 18.46%
• 10Y*: 11.56%

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

Return for Risk

3800.HK vs. FSLR — Risk / Return Rank

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

3800.HK

3800.HK Risk / Return Rank: 35
3800.HK Sharpe Ratio Rank: 37
3800.HK Sortino Ratio Rank: 37
3800.HK Omega Ratio Rank: 36
3800.HK Calmar Ratio Rank: 33
3800.HK Martin Ratio Rank: 33

FSLR

FSLR Risk / Return Rank: 70
FSLR Sharpe Ratio Rank: 71
FSLR Sortino Ratio Rank: 69
FSLR Omega Ratio Rank: 68
FSLR Calmar Ratio Rank: 72
FSLR Martin Ratio Rank: 72

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.

3800.HK vs. FSLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GCL-Poly Energy Holdings Ltd (3800.HK) and First Solar, Inc. (FSLR). 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.

	3800.HK	FSLR	Difference
Sharpe ratio Return per unit of total volatility	-0.07	0.91	-0.98
Sortino ratio Return per unit of downside risk	0.31	1.60	-1.29
Omega ratio Gain probability vs. loss probability	1.04	1.21	-0.17
Calmar ratio Return relative to maximum drawdown	-0.23	1.70	-1.93
Martin ratio Return relative to average drawdown	-0.52	4.13	-4.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

3800.HK vs. FSLR - Sharpe Ratio Comparison

The current 3800.HK Sharpe Ratio is -0.07, which is lower than the FSLR Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of 3800.HK and FSLR, 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

	3800.HK	FSLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.07	0.91	-0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.20	0.35	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.04	0.23	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	0.11	-0.22

Correlation

The correlation between 3800.HK and FSLR is 0.08, 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

3800.HK vs. FSLR - Dividend Comparison

Neither 3800.HK nor FSLR has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
3800.HK GCL-Poly Energy Holdings Ltd	0.00%	0.00%	0.00%	4.84%	3.03%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	7.37%
FSLR First Solar, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

3800.HK vs. FSLR - Drawdown Comparison

The maximum 3800.HK drawdown since its inception was -95.70%, roughly equal to the maximum FSLR drawdown of -96.24%. Use the drawdown chart below to compare losses from any high point for 3800.HK and FSLR.

Drawdown Indicators

	3800.HK	FSLR	Difference
Max Drawdown Largest peak-to-trough decline	-95.70%	-96.22%	+0.52%
Max Drawdown (1Y) Largest decline over 1 year	-41.50%	-35.10%	-6.40%
Max Drawdown (5Y) Largest decline over 5 years	-80.00%	-59.97%	-20.03%
Max Drawdown (10Y) Largest decline over 10 years	-86.04%	-61.26%	-24.78%
Current Drawdown Current decline from peak	-80.01%	-35.91%	-44.10%
Average Drawdown Average peak-to-trough decline	-67.55%	-63.59%	-3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.75%	14.46%	+4.29%

Volatility

3800.HK vs. FSLR - Volatility Comparison

GCL-Poly Energy Holdings Ltd (3800.HK) has a higher volatility of 16.15% compared to First Solar, Inc. (FSLR) at 11.35%. This indicates that 3800.HK's price experiences larger fluctuations and is considered to be riskier than FSLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3800.HK	FSLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.15%	11.35%	+4.80%
Volatility (6M) Calculated over the trailing 6-month period	33.56%	39.12%	-5.56%
Volatility (1Y) Calculated over the trailing 1-year period	57.79%	63.78%	-5.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.85%	53.43%	+13.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.85%	50.35%	+18.50%

Financials