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CSIQ vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.0
Correlation: 0.4

Performance

CSIQ vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Canadian Solar Inc. (CSIQ) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

-100.00%0.00%100.00%200.00%300.00%400.00%500.00%NovemberDecember2025FebruaryMarchApril
-40.63%
460.97%
CSIQ
SPY

Key characteristics

Sharpe Ratio

CSIQ:

-0.47

SPY:

0.54

Sortino Ratio

CSIQ:

-0.27

SPY:

0.89

Omega Ratio

CSIQ:

0.97

SPY:

1.13

Calmar Ratio

CSIQ:

-0.42

SPY:

0.58

Martin Ratio

CSIQ:

-1.05

SPY:

2.39

Ulcer Index

CSIQ:

36.36%

SPY:

4.51%

Daily Std Dev

CSIQ:

81.12%

SPY:

20.07%

Max Drawdown

CSIQ:

-96.02%

SPY:

-55.19%

Current Drawdown

CSIQ:

-85.53%

SPY:

-10.54%

Returns By Period

In the year-to-date period, CSIQ achieves a -16.55% return, which is significantly lower than SPY's -6.44% return. Over the past 10 years, CSIQ has underperformed SPY with an annualized return of -12.62%, while SPY has yielded a comparatively higher 11.95% annualized return.


CSIQ

YTD

-16.55%

1M

-4.92%

6M

-24.00%

1Y

-37.97%

5Y*

-11.29%

10Y*

-12.62%

SPY

YTD

-6.44%

1M

-5.00%

6M

-5.02%

1Y

9.54%

5Y*

15.80%

10Y*

11.95%

*Annualized

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Risk-Adjusted Performance

CSIQ vs. SPY — Risk-Adjusted Performance Rank

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

CSIQ
The Risk-Adjusted Performance Rank of CSIQ is 2828
Overall Rank
The Sharpe Ratio Rank of CSIQ is 2626
Sharpe Ratio Rank
The Sortino Ratio Rank of CSIQ is 3030
Sortino Ratio Rank
The Omega Ratio Rank of CSIQ is 3131
Omega Ratio Rank
The Calmar Ratio Rank of CSIQ is 2525
Calmar Ratio Rank
The Martin Ratio Rank of CSIQ is 2727
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6565
Overall Rank
The Sharpe Ratio Rank of SPY is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6464
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6565
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6969
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6767
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for CSIQ, currently valued at -0.47, compared to the broader market-2.00-1.000.001.002.003.00
CSIQ: -0.47
SPY: 0.54
The chart of Sortino ratio for CSIQ, currently valued at -0.27, compared to the broader market-6.00-4.00-2.000.002.004.00
CSIQ: -0.27
SPY: 0.89
The chart of Omega ratio for CSIQ, currently valued at 0.97, compared to the broader market0.501.001.502.00
CSIQ: 0.97
SPY: 1.13
The chart of Calmar ratio for CSIQ, currently valued at -0.42, compared to the broader market0.001.002.003.004.005.00
CSIQ: -0.42
SPY: 0.58
The chart of Martin ratio for CSIQ, currently valued at -1.05, compared to the broader market-10.00-5.000.005.0010.0015.0020.00
CSIQ: -1.05
SPY: 2.39

The current CSIQ Sharpe Ratio is -0.47, which is lower than the SPY Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of CSIQ and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
-0.47
0.54
CSIQ
SPY

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 1.31%.


TTM20242023202220212020201920182017201620152014
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
1.31%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.


-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-85.53%
-10.54%
CSIQ
SPY

Volatility

CSIQ vs. SPY - Volatility Comparison

Canadian Solar Inc. (CSIQ) has a higher volatility of 37.57% compared to SPDR S&P 500 ETF (SPY) at 15.13%. 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.


0.00%10.00%20.00%30.00%40.00%NovemberDecember2025FebruaryMarchApril
37.57%
15.13%
CSIQ
SPY