CSIQ vs. RUN
CSIQ (Canadian Solar Inc.) and RUN (Sunrun Inc.) are both stocks. Both operate in the Solar industry within the Technology sector. Over the past 10 years, CSIQ returned 0.54%/yr vs 8.11%/yr for RUN. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
CSIQ vs. RUN - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with CSIQ having a -29.62% return and RUN slightly lower at -29.95%. Over the past 10 years, CSIQ has underperformed RUN with an annualized return of 0.54%, while RUN has yielded a comparatively higher 8.11% annualized return.
CSIQ
- 1D
- 6.15%
- 1M
- -6.43%
- YTD
- -29.62%
- 6M
- -26.14%
- 1Y
- 51.54%
- 3Y*
- -23.33%
- 5Y*
- -16.11%
- 10Y*
- 0.54%
RUN
- 1D
- 2.71%
- 1M
- -7.86%
- YTD
- -29.95%
- 6M
- -28.11%
- 1Y
- 28.90%
- 3Y*
- -14.62%
- 5Y*
- -22.11%
- 10Y*
- 8.11%
CSIQ vs. RUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSIQ Canadian Solar Inc. | -29.62% | 113.76% | -57.61% | -15.11% | -1.25% | -38.93% | 131.86% | 54.11% | -14.95% | 38.42% |
RUN Sunrun Inc. | -29.95% | 98.92% | -52.88% | -18.28% | -29.97% | -50.56% | 402.39% | 26.81% | 84.58% | 11.11% |
Correlation
The correlation between CSIQ and RUN is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2015 | 0.55 |
The correlation between CSIQ and RUN shifts across timeframes, from 0.47 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CSIQ:
$1.13B
RUN:
$3.51B
CSIQ:
-$1.51
RUN:
$2.12
CSIQ:
0.21
RUN:
1.09
CSIQ:
0.40
RUN:
1.05
CSIQ:
$5.48B
RUN:
$3.17B
CSIQ:
$1.16B
RUN:
$746.75M
CSIQ:
$398.75M
RUN:
$544.21M
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Return for Risk
CSIQ vs. RUN — Risk / Return Rank
CSIQ
RUN
CSIQ vs. RUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Solar Inc. (CSIQ) and Sunrun Inc. (RUN). 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.
| CSIQ | RUN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 1.11 | -0.27 |
| Martin ratioReturn relative to average drawdown | 1.55 | 2.26 | -0.70 |
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Drawdowns
CSIQ vs. RUN - Drawdown Comparison
The maximum CSIQ drawdown since its inception was -96.02%, roughly equal to the maximum RUN drawdown of -94.13%. Use the drawdown chart below to compare losses from any high point for CSIQ and RUN.
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Drawdown Indicators
| CSIQ | RUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.02% | -94.13% | -1.89% |
Max Drawdown (1Y)Largest decline over 1 year | -63.94% | -47.08% | -16.86% |
Max Drawdown (3Y)Largest decline over 3 years | -83.64% | -74.79% | -8.85% |
Max Drawdown (5Y)Largest decline over 5 years | -85.65% | -90.34% | +4.69% |
Max Drawdown (10Y)Largest decline over 10 years | -89.46% | -94.13% | +4.67% |
Current DrawdownCurrent decline from peak | -73.92% | -86.64% | +12.72% |
Average DrawdownAverage peak-to-trough decline | -61.09% | -54.60% | -6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.64% | 23.20% | +11.44% |
Volatility
CSIQ vs. RUN - Volatility Comparison
Canadian Solar Inc. (CSIQ) has a higher volatility of 29.76% compared to Sunrun Inc. (RUN) at 21.08%. This indicates that CSIQ's price experiences larger fluctuations and is considered to be riskier than RUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSIQ | RUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.76% | 21.08% | +8.68% |
Volatility (6M)Calculated over the trailing 6-month period | 66.26% | 66.50% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 96.01% | 105.12% | -9.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.09% | 90.76% | -18.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.75% | 78.31% | -14.56% |
Dividends
CSIQ vs. RUN - Dividend Comparison
Neither CSIQ nor RUN has paid dividends to shareholders.
Financials
CSIQ vs. RUN - Financials Comparison
This section allows you to compare key financial metrics between Canadian Solar Inc. and Sunrun Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CSIQ vs. RUN - Profitability Comparison
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%.
RUN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sunrun Inc. reported a gross profit of 0.00 and revenue of 722.23M. Therefore, the gross margin over that period was 0.0%.
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%.
RUN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sunrun Inc. reported an operating income of -43.51M and revenue of 722.23M, resulting in an operating margin of -6.0%.
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%.
RUN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sunrun Inc. reported a net income of 167.64M and revenue of 722.23M, resulting in a net margin of 23.2%.
Frequently Asked Questions
CSIQ and RUN have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CSIQ has higher volatility (29.76%) compared to RUN (21.08%). In terms of maximum drawdown, CSIQ dropped -96.02% vs RUN's -94.13%.
CSIQ currently has the higher Sharpe Ratio (0.56 vs 0.50), 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.
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