CSIQ vs. SPY
Compare and contrast key facts about Canadian Solar Inc. (CSIQ) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSIQ or SPY.
Correlation
The correlation between CSIQ and SPY is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CSIQ vs. SPY - Performance Comparison
Key characteristics
CSIQ:
-0.75
SPY:
0.32
CSIQ:
-1.01
SPY:
0.51
CSIQ:
0.89
SPY:
1.07
CSIQ:
-0.64
SPY:
0.39
CSIQ:
-1.65
SPY:
1.52
CSIQ:
33.90%
SPY:
3.13%
CSIQ:
74.37%
SPY:
14.74%
CSIQ:
-96.02%
SPY:
-55.19%
CSIQ:
-86.83%
SPY:
-12.17%
Returns By Period
In the year-to-date period, CSIQ achieves a -24.01% return, which is significantly lower than SPY's -8.15% return. Over the past 10 years, CSIQ has underperformed SPY with an annualized return of -13.07%, while SPY has yielded a comparatively higher 11.89% annualized return.
CSIQ
-24.01%
-17.08%
-43.78%
-56.51%
-10.76%
-13.07%
SPY
-8.15%
-6.68%
-4.88%
4.64%
18.45%
11.89%
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Risk-Adjusted Performance
CSIQ vs. SPY — Risk-Adjusted Performance Rank
CSIQ
SPY
CSIQ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Solar Inc. (CSIQ) and SPDR S&P 500 ETF (SPY). 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.
Dividends
CSIQ vs. SPY - Dividend Comparison
CSIQ has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.34%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 1.34% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
CSIQ vs. SPY - Drawdown Comparison
The maximum CSIQ drawdown since its inception was -96.02%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CSIQ and SPY. For additional features, visit the drawdowns tool.
Volatility
CSIQ vs. SPY - Volatility Comparison
Canadian Solar Inc. (CSIQ) has a higher volatility of 16.71% compared to SPDR S&P 500 ETF (SPY) at 7.47%. This indicates that CSIQ's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.