CSIQ vs. SEDG
CSIQ (Canadian Solar Inc.) and SEDG (SolarEdge Technologies, Inc.) are both stocks. Both operate in the Solar industry within the Technology sector. Over the past 10 years, CSIQ returned 0.40%/yr vs 11.80%/yr for SEDG. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
CSIQ vs. SEDG - Performance Comparison
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Returns By Period
In the year-to-date period, CSIQ achieves a -28.31% return, which is significantly lower than SEDG's 121.66% return. Over the past 10 years, CSIQ has underperformed SEDG with an annualized return of 0.40%, while SEDG has yielded a comparatively higher 11.80% annualized return.
CSIQ
- 1D
- -0.70%
- 1M
- -15.05%
- YTD
- -28.31%
- 6M
- -27.52%
- 1Y
- 51.60%
- 3Y*
- -23.24%
- 5Y*
- -15.08%
- 10Y*
- 0.40%
SEDG
- 1D
- 1.23%
- 1M
- 54.84%
- YTD
- 121.66%
- 6M
- 110.15%
- 1Y
- 251.57%
- 3Y*
- -39.04%
- 5Y*
- -22.93%
- 10Y*
- 11.80%
CSIQ vs. SEDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSIQ Canadian Solar Inc. | -28.31% | 113.76% | -57.61% | -15.11% | -1.25% | -38.93% | 131.86% | 54.11% | -14.95% | 38.42% |
SEDG SolarEdge Technologies, Inc. | 121.66% | 112.13% | -85.47% | -66.96% | 0.96% | -12.08% | 235.60% | 170.91% | -6.52% | 202.82% |
Correlation
The correlation between CSIQ and SEDG is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2015 | 0.56 |
The correlation between CSIQ and SEDG shifts across timeframes, from 0.45 (1 year) to 0.61 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CSIQ:
-$1.51
SEDG:
-$8.28
CSIQ:
0.21
SEDG:
2.21
CSIQ:
$5.48B
SEDG:
$1.28B
CSIQ:
$1.16B
SEDG:
$232.34M
CSIQ:
$398.75M
SEDG:
-$214.57M
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Return for Risk
CSIQ vs. SEDG — Risk / Return Rank
CSIQ
SEDG
CSIQ vs. SEDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Solar Inc. (CSIQ) and SolarEdge Technologies, Inc. (SEDG). 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.
| CSIQ | SEDG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.36 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 6.80 | -5.99 |
| Martin ratioReturn relative to average drawdown | 1.52 | 13.80 | -12.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CSIQ | SEDG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 2.44 | -1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.21 | -0.28 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 0.16 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.14 | -0.14 |
Drawdowns
CSIQ vs. SEDG - Drawdown Comparison
The maximum CSIQ drawdown since its inception was -96.02%, roughly equal to the maximum SEDG drawdown of -97.16%. Use the drawdown chart below to compare losses from any high point for CSIQ and SEDG.
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Drawdown Indicators
| CSIQ | SEDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.02% | -97.16% | +1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -63.94% | -37.26% | -26.68% |
Max Drawdown (3Y)Largest decline over 3 years | -83.64% | -96.33% | +12.69% |
Max Drawdown (5Y)Largest decline over 5 years | -85.65% | -97.16% | +11.51% |
Max Drawdown (10Y)Largest decline over 10 years | -89.46% | -97.16% | +7.70% |
Current DrawdownCurrent decline from peak | -73.44% | -82.64% | +9.20% |
Average DrawdownAverage peak-to-trough decline | -61.10% | -43.14% | -17.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.02% | 18.32% | +15.70% |
Volatility
CSIQ vs. SEDG - Volatility Comparison
The current volatility for Canadian Solar Inc. (CSIQ) is 31.17%, while SolarEdge Technologies, Inc. (SEDG) has a volatility of 38.25%. This indicates that CSIQ experiences smaller price fluctuations and is considered to be less risky than SEDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSIQ | SEDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.17% | 38.25% | -7.08% |
Volatility (6M)Calculated over the trailing 6-month period | 65.80% | 68.43% | -2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 95.77% | 104.07% | -8.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.99% | 83.73% | -11.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.75% | 73.65% | -9.90% |
Dividends
CSIQ vs. SEDG - Dividend Comparison
Neither CSIQ nor SEDG has paid dividends to shareholders.
Financials
CSIQ vs. SEDG - Financials Comparison
This section allows you to compare key financial metrics between Canadian Solar Inc. and SolarEdge Technologies, 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. SEDG - 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%.
SEDG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SolarEdge Technologies, Inc. reported a gross profit of 68.28M and revenue of 310.50M. Therefore, the gross margin over that period was 22.0%.
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%.
SEDG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SolarEdge Technologies, Inc. reported an operating income of -55.04M and revenue of 310.50M, resulting in an operating margin of -17.7%.
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%.
SEDG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SolarEdge Technologies, Inc. reported a net income of -57.37M and revenue of 310.50M, resulting in a net margin of -18.5%.
Frequently Asked Questions
CSIQ and SEDG have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SEDG has higher volatility (38.25%) compared to CSIQ (31.17%). In terms of maximum drawdown, CSIQ dropped -96.02% vs SEDG's -97.16%.
SEDG currently has the higher Sharpe Ratio (2.44 vs 0.54), 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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