FSLR vs. AG
FSLR (First Solar, Inc.) and AG (First Majestic Silver Corp.) are both stocks. FSLR operates in Solar (Technology), while AG operates in Silver (Basic Materials). Over the past 10 years, FSLR returned 16.02%/yr vs -1.67%/yr for AG. Their 0.20 correlation means their historical movements had little consistent relationship.
Performance
FSLR vs. AG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FSLR achieves a -19.22% return, which is significantly lower than AG's -9.68% return. Over the past 10 years, FSLR has outperformed AG with an annualized return of 16.02%, while AG has yielded a comparatively lower -1.67% annualized return.
FSLR
- 1D
- 2.44%
- 1M
- -9.07%
- 6M
- -6.43%
- YTD
- -19.22%
- 1Y
- 20.77%
- 3Y*
- 1.35%
- 5Y*
- 19.65%
- 10Y*
- 16.02%
- ALL TIME*
- 11.55%
AG
- 1D
- -4.21%
- 1M
- -11.80%
- 6M
- -27.79%
- YTD
- -9.68%
- 1Y
- 89.46%
- 3Y*
- 33.31%
- 5Y*
- 2.14%
- 10Y*
- -1.67%
- ALL TIME*
- 0.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $178.27M | $175.82M | $226.19M | |
| $397.05M | $406.54M | $591.75M |
FSLR vs. AG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSLR First Solar, Inc. | -19.22% | 48.22% | 2.30% | 15.01% | 71.86% | -11.89% | 76.77% | 31.81% | -37.12% | 110.41% |
AG First Majestic Silver Corp. | -9.68% | 204.32% | -10.47% | -25.99% | -24.73% | -17.24% | 9.62% | 108.15% | -12.61% | -11.66% |
Correlation
The correlation between FSLR and AG is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.24 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2010 | 0.20 |
Fundamentals
FSLR:
$22.68B
AG:
$7.41B
FSLR:
$16.22
AG:
$0.70
FSLR:
13.01
AG:
21.51
FSLR:
0.31
AG:
0.38
FSLR:
4.22
AG:
4.54
FSLR:
2.20
AG:
2.54
FSLR:
$5.38B
AG:
$1.64B
FSLR:
$2.37B
AG:
$863.95M
FSLR:
$2.28B
AG:
$1.02B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FSLR vs. AG — Risk / Return Rank
FSLR
AG
FSLR vs. AG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Solar, Inc. (FSLR) and First Majestic Silver Corp. (AG). 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.
| FSLR | AG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.22 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 1.70 | -1.14 |
| Martin ratioReturn relative to average drawdown | 1.07 | 3.35 | -2.28 |
Loading charts...
Drawdowns
FSLR vs. AG - Drawdown Comparison
The maximum FSLR drawdown since its inception was -96.22%, which is greater than AG's maximum drawdown of -90.20%. Use the drawdown chart below to compare losses from any high point for FSLR and AG.
Loading charts...
Drawdown Indicators
| FSLR | AG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.22% | -90.20% | -6.02% |
Max Drawdown (1Y)Largest decline over 1 year | -37.40% | -53.00% | +15.60% |
Max Drawdown (3Y)Largest decline over 3 years | -59.97% | -53.00% | -6.97% |
Max Drawdown (5Y)Largest decline over 5 years | -59.97% | -70.28% | +10.31% |
Max Drawdown (10Y)Largest decline over 10 years | -61.26% | -80.82% | +19.56% |
Current DrawdownCurrent decline from peak | -33.69% | -53.00% | +19.31% |
Average DrawdownAverage peak-to-trough decline | -62.97% | -59.08% | -3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.41% | 26.79% | -7.38% |
Volatility
FSLR vs. AG - Volatility Comparison
The current volatility for First Solar, Inc. (FSLR) is 10.92%, while First Majestic Silver Corp. (AG) has a volatility of 18.02%. This indicates that FSLR experiences smaller price fluctuations and is considered to be less risky than AG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FSLR | AG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.92% | 18.02% | -7.10% |
Volatility (6M)Calculated over the trailing 6-month period | 38.39% | 57.35% | -18.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.94% | 74.97% | -21.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.12% | 62.17% | -8.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.83% | 61.87% | -11.04% |
Dividends
FSLR vs. AG - Dividend Comparison
FSLR has not paid dividends to shareholders, while AG's dividend yield for the trailing twelve months is around 0.24%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AG First Majestic Silver Corp. | 0.24% | 0.12% | 0.33% | 0.34% | 0.31% | 0.14% |
FSLR First Solar, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
FSLR vs. AG - Financials Comparison
This section allows you to compare key financial metrics between First Solar, Inc. and First Majestic Silver Corp.. 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
FSLR vs. AG - Profitability Comparison
FSLR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, First Solar, Inc. reported a gross profit of 605.00M and revenue of 1.06B. Therefore, the gross margin over that period was 57.3%.
AG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, First Majestic Silver Corp. reported a gross profit of 266.81M and revenue of 415.50M. Therefore, the gross margin over that period was 64.2%.
FSLR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, First Solar, Inc. reported an operating income of 450.39M and revenue of 1.06B, resulting in an operating margin of 42.6%.
AG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, First Majestic Silver Corp. reported an operating income of 197.54M and revenue of 415.50M, resulting in an operating margin of 47.5%.
FSLR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, First Solar, Inc. reported a net income of 422.57M and revenue of 1.06B, resulting in a net margin of 40.0%.
AG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, First Majestic Silver Corp. reported a net income of 109.43M and revenue of 415.50M, resulting in a net margin of 26.3%.
Frequently Asked Questions
FSLR and AG have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AG has higher volatility (18.02%) compared to FSLR (10.92%). In terms of maximum drawdown, FSLR dropped -96.22% vs AG's -90.20%.
AG currently has the higher Sharpe Ratio (1.20 vs 0.39), 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.
Find the right allocation for FSLR and AG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer