CSIQ vs. SBR

Last updated Jun 24, 2026

CSIQ (Canadian Solar Inc.) and SBR (Sabine Royalty Trust) are both stocks. CSIQ operates in Solar (Technology), while SBR operates in Oil & Gas E&P (Energy). Over the past 10 years, CSIQ returned -0.07%/yr vs 17.05%/yr for SBR. At a 0.22 correlation, their price movements are largely independent.

Performance

CSIQ vs. SBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canadian Solar Inc. (CSIQ) and Sabine Royalty Trust (SBR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CSIQ achieves a -38.03% return, which is significantly lower than SBR's 9.76% return. Over the past 10 years, CSIQ has underperformed SBR with an annualized return of -0.07%, while SBR has yielded a comparatively higher 17.05% annualized return.

CSIQ

• 1D: -8.05%
• 1M: -21.98%
• YTD: -38.03%
• 6M: -38.45%
• 1Y: 45.41%
• 3Y*: -26.40%
• 5Y*: -17.56%
• 10Y*: -0.07%

SBR

• 1D: 1.09%
• 1M: -4.58%
• YTD: 9.76%
• 6M: 9.50%
• 1Y: 19.64%
• 3Y*: 13.21%
• 5Y*: 23.87%
• 10Y*: 17.05%

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

CSIQ vs. SBR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CSIQ Canadian Solar Inc.	-38.03%	113.76%	-57.61%	-15.11%	-1.25%	-38.93%	131.86%	54.11%	-14.95%	38.42%
SBR Sabine Royalty Trust	9.76%	14.04%	4.06%	-13.10%	132.08%	60.71%	-24.24%	15.77%	-9.61%	34.83%

Correlation

The correlation between CSIQ and SBR is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Nov 9, 2006	0.22

The correlation between CSIQ and SBR shifts across timeframes, from 0.04 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Fundamentals

EPS CSIQ : -$1.51 SBR : $5.06
PS Ratio CSIQ : 0.18 SBR : 13.85
Total Revenue (TTM) CSIQ : $5.48B SBR : $57.67M
Gross Profit (TTM) CSIQ : $1.16B SBR : $58.05M
EBITDA (TTM) CSIQ : $398.75M SBR : $55.09M

Return for Risk

CSIQ vs. SBR — Risk / Return Rank

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

CSIQ

CSIQ Risk / Return Rank: 60
CSIQ Sharpe Ratio Rank: 59
CSIQ Sortino Ratio Rank: 62
CSIQ Omega Ratio Rank: 62
CSIQ Calmar Ratio Rank: 59
CSIQ Martin Ratio Rank: 57

SBR

SBR Risk / Return Rank: 63
SBR Sharpe Ratio Rank: 68
SBR Sortino Ratio Rank: 59
SBR Omega Ratio Rank: 60
SBR Calmar Ratio Rank: 64
SBR Martin Ratio Rank: 63

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.

CSIQ vs. SBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Canadian Solar Inc. (CSIQ) and Sabine Royalty Trust (SBR). 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	SBR	Difference
Sharpe ratio: Return per unit of total volatility	0.48	0.81	-0.33
Sortino ratio: Return per unit of downside risk	1.26	1.15	+0.11
Omega ratio: Gain probability vs. loss probability	1.16	1.15	+0.01
Calmar ratio: Return relative to maximum drawdown	0.71	1.06	-0.35
Martin ratio: Return relative to average drawdown	1.28	2.23	-0.94

CSIQ vs. SBR - Sharpe Ratio Comparison

The current CSIQ Sharpe Ratio is 0.48, which is lower than the SBR Sharpe Ratio of 0.81. The chart below compares the historical Sharpe Ratios of CSIQ and SBR, 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

CSIQ vs. SBR - Drawdown Comparison

The maximum CSIQ drawdown since its inception was -96.02%, which is greater than SBR's maximum drawdown of -56.40%. Use the drawdown chart below to compare losses from any high point for CSIQ and SBR.

Drawdown Indicators

	CSIQ	SBR	Difference
Max Drawdown Largest peak-to-trough decline	-96.02%	-56.40%	-39.62%
Max Drawdown (1Y) Largest decline over 1 year	-63.94%	-18.54%	-45.40%
Max Drawdown (3Y) Largest decline over 3 years	-82.53%	-18.54%	-63.99%
Max Drawdown (5Y) Largest decline over 5 years	-85.65%	-34.56%	-51.09%
Max Drawdown (10Y) Largest decline over 10 years	-89.46%	-50.71%	-38.75%
Current Drawdown Current decline from peak	-77.04%	-7.17%	-69.87%
Average Drawdown Average peak-to-trough decline	-61.11%	-13.63%	-47.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.54%	8.85%	+26.69%

Volatility

CSIQ vs. SBR - Volatility Comparison

Canadian Solar Inc. (CSIQ) has a higher volatility of 25.54% compared to Sabine Royalty Trust (SBR) at 7.60%. This indicates that CSIQ's price experiences larger fluctuations and is considered to be riskier than SBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSIQ	SBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.54%	7.60%	+17.94%
Volatility (6M) Calculated over the trailing 6-month period	65.93%	15.99%	+49.94%
Volatility (1Y) Calculated over the trailing 1-year period	96.04%	24.52%	+71.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.19%	31.84%	+40.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.78%	31.35%	+32.43%

Dividends

CSIQ vs. SBR - Dividend Comparison

CSIQ has not paid dividends to shareholders, while SBR's dividend yield for the trailing twelve months is around 6.59%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CSIQ Canadian 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%
SBR Sabine Royalty Trust	6.59%	7.53%	8.41%	9.41%	10.13%	7.72%	8.59%	7.49%	8.98%	5.31%	5.50%	11.82%

Financials

Frequently Asked Questions

Can I hold both CSIQ and SBR in my portfolio?

CSIQ and SBR have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CSIQ or SBR?

CSIQ has higher volatility (25.54%) compared to SBR (7.60%). In terms of maximum drawdown, CSIQ dropped -96.02% vs SBR's -56.40%.

Which has better risk-adjusted returns?

SBR currently has the higher Sharpe Ratio (0.81 vs 0.48), 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.