CDLR vs. CSIQ

Last updated Jun 19, 2026

CDLR (Cadeler A/S) and CSIQ (Canadian Solar Inc.) are both stocks. CDLR operates in Engineering & Construction (Industrials), while CSIQ operates in Solar (Technology). Over the past year, CDLR returned 2.07% vs 53.49% for CSIQ. At a 0.21 correlation, their price movements are largely independent.

Performance

CDLR vs. CSIQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cadeler A/S (CDLR) and Canadian Solar Inc. (CSIQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CDLR achieves a 16.62% return, which is significantly higher than CSIQ's -31.55% return.

CDLR

• 1D: -1.59%
• 1M: -17.47%
• YTD: 16.62%
• 6M: 20.65%
• 1Y: 2.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CSIQ

• 1D: 1.69%
• 1M: 2.62%
• YTD: -31.55%
• 6M: -31.44%
• 1Y: 53.49%
• 3Y*: -26.70%
• 5Y*: -16.21%
• 10Y*: 0.11%

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

CDLR vs. CSIQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CDLR Cadeler A/S	16.62%	-16.75%	21.36%	7.60%
CSIQ Canadian Solar Inc.	-31.55%	113.76%	-57.61%	3.68%

Correlation

The correlation between CDLR and CSIQ is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (All Time) Calculated using the full available price history since Dec 20, 2023	0.21

Fundamentals

EPS CDLR : €4.03 CSIQ : -$1.51
PS Ratio CDLR : 1.87 CSIQ : 0.20
Total Revenue (TTM) CDLR : €678.04M CSIQ : $5.48B
Gross Profit (TTM) CDLR : €388.61M CSIQ : $1.16B
EBITDA (TTM) CDLR : €452.80M CSIQ : $398.75M

Return for Risk

CDLR vs. CSIQ — Risk / Return Rank

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

CDLR

CDLR Risk / Return Rank: 42
CDLR Sharpe Ratio Rank: 44
CDLR Sortino Ratio Rank: 40
CDLR Omega Ratio Rank: 39
CDLR Calmar Ratio Rank: 44
CDLR Martin Ratio Rank: 44

CSIQ

CSIQ Risk / Return Rank: 61
CSIQ Sharpe Ratio Rank: 61
CSIQ Sortino Ratio Rank: 64
CSIQ Omega Ratio Rank: 63
CSIQ Calmar Ratio Rank: 60
CSIQ Martin Ratio Rank: 58

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.

CDLR vs. CSIQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cadeler A/S (CDLR) and Canadian Solar Inc. (CSIQ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CDLR	CSIQ	Difference
Sharpe ratio: Return per unit of total volatility	0.05	0.56	-0.51
Sortino ratio: Return per unit of downside risk	0.37	1.34	-0.97
Omega ratio: Gain probability vs. loss probability	1.04	1.18	-0.13
Calmar ratio: Return relative to maximum drawdown	0.07	0.84	-0.77
Martin ratio: Return relative to average drawdown	0.17	1.52	-1.35

CDLR vs. CSIQ - Sharpe Ratio Comparison

The current CDLR Sharpe Ratio is 0.05, which is lower than the CSIQ Sharpe Ratio of 0.56. The chart below compares the historical Sharpe Ratios of CDLR and CSIQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CDLR vs. CSIQ - Drawdown Comparison

The maximum CDLR drawdown since its inception was -43.81%, smaller than the maximum CSIQ drawdown of -96.02%. Use the drawdown chart below to compare losses from any high point for CDLR and CSIQ.

Drawdown Indicators

	CDLR	CSIQ	Difference
Max Drawdown Largest peak-to-trough decline	-43.81%	-96.02%	+52.21%
Max Drawdown (1Y) Largest decline over 1 year	-29.34%	-63.94%	+34.60%
Max Drawdown (3Y) Largest decline over 3 years	—	-82.60%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-85.65%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-89.46%	—
Current Drawdown Current decline from peak	-26.68%	-74.64%	+47.96%
Average Drawdown Average peak-to-trough decline	-16.51%	-61.11%	+44.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.00%	35.22%	-23.22%

Volatility

CDLR vs. CSIQ - Volatility Comparison

The current volatility for Cadeler A/S (CDLR) is 9.56%, while Canadian Solar Inc. (CSIQ) has a volatility of 26.35%. This indicates that CDLR experiences smaller price fluctuations and is considered to be less risky than CSIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDLR	CSIQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.56%	26.35%	-16.79%
Volatility (6M) Calculated over the trailing 6-month period	29.49%	65.45%	-35.96%
Volatility (1Y) Calculated over the trailing 1-year period	39.65%	95.86%	-56.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.66%	72.08%	-34.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.66%	63.76%	-26.10%

Dividends

CDLR vs. CSIQ - Dividend Comparison

Neither CDLR nor CSIQ has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

CDLR vs. CSIQ - Profitability Comparison

The chart below illustrates the profitability comparison between Cadeler A/S and Canadian Solar Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CDLR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cadeler A/S reported a gross profit of 26.76M and revenue of 124.73M. Therefore, the gross margin over that period was 21.5%.

CSIQ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canadian Solar Inc. reported a gross profit of 270.82M and revenue of 1.08B. Therefore, the gross margin over that period was 25.1%.

CDLR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cadeler A/S reported an operating income of 7.79M and revenue of 124.73M, resulting in an operating margin of 6.2%.

CSIQ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian Solar Inc. reported an operating income of 72.87M and revenue of 1.08B, resulting in an operating margin of 6.8%.

CDLR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cadeler A/S reported a net income of -7.05M and revenue of 124.73M, resulting in a net margin of -5.7%.

CSIQ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian Solar Inc. reported a net income of -32.09M and revenue of 1.08B, resulting in a net margin of -3.0%.

Frequently Asked Questions

Can I hold both CDLR and CSIQ in my portfolio?

CDLR and CSIQ have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CDLR or CSIQ?

CSIQ has higher volatility (26.35%) compared to CDLR (9.56%). In terms of maximum drawdown, CDLR dropped -43.81% vs CSIQ's -96.02%.

Which has better risk-adjusted returns?

CSIQ currently has the higher Sharpe Ratio (0.56 vs 0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.