FSLR vs. FRDM
FSLR (First Solar, Inc.) is a stock, while FRDM (Freedom 100 Emerging Markets ETF) is Emerging Markets Diversified fund tracking the Life + Liberty Freedom 100 Emerging Markets Index. Over the past 5 years, FSLR returned 27.42%/yr vs 18.68%/yr for FRDM. At a 0.40 correlation, their price movements are largely independent.
Performance
FSLR vs. FRDM - Performance Comparison
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Returns By Period
In the year-to-date period, FSLR achieves a 2.33% return, which is significantly lower than FRDM's 40.13% return.
FSLR
- 1D
- -1.42%
- 1M
- 14.54%
- YTD
- 2.33%
- 6M
- 4.91%
- 1Y
- 52.57%
- 3Y*
- 10.90%
- 5Y*
- 27.42%
- 10Y*
- 18.76%
FRDM
- 1D
- 0.49%
- 1M
- 9.04%
- YTD
- 40.13%
- 6M
- 46.37%
- 1Y
- 87.32%
- 3Y*
- 34.29%
- 5Y*
- 18.68%
- 10Y*
- —
FSLR vs. FRDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FSLR First Solar, Inc. | 2.33% | 48.22% | 2.30% | 15.01% | 71.86% | -11.89% | 76.77% | -5.25% |
FRDM Freedom 100 Emerging Markets ETF | 40.13% | 61.27% | 1.70% | 22.77% | -14.45% | 6.13% | 16.90% | 12.23% |
Correlation
The correlation between FSLR and FRDM is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since May 23, 2019 | 0.40 |
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Return for Risk
FSLR vs. FRDM — Risk / Return Rank
FSLR
FRDM
FSLR vs. FRDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Solar, Inc. (FSLR) and Freedom 100 Emerging Markets ETF (FRDM). 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 | FRDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.54 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 5.02 | -3.32 |
| Martin ratioReturn relative to average drawdown | 3.57 | 19.36 | -15.79 |
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Drawdowns
FSLR vs. FRDM - Drawdown Comparison
The maximum FSLR drawdown since its inception was -96.22%, which is greater than FRDM's maximum drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for FSLR and FRDM.
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Drawdown Indicators
| FSLR | FRDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.22% | -40.49% | -55.73% |
Max Drawdown (1Y)Largest decline over 1 year | -35.10% | -16.87% | -18.23% |
Max Drawdown (3Y)Largest decline over 3 years | -59.97% | -16.87% | -43.10% |
Max Drawdown (5Y)Largest decline over 5 years | -59.97% | -29.25% | -30.72% |
Max Drawdown (10Y)Largest decline over 10 years | -61.26% | — | — |
Current DrawdownCurrent decline from peak | -16.01% | -4.36% | -11.65% |
Average DrawdownAverage peak-to-trough decline | -63.20% | -7.09% | -56.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.63% | 4.37% | +12.26% |
Volatility
FSLR vs. FRDM - Volatility Comparison
First Solar, Inc. (FSLR) has a higher volatility of 23.37% compared to Freedom 100 Emerging Markets ETF (FRDM) at 14.27%. This indicates that FSLR's price experiences larger fluctuations and is considered to be riskier than FRDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLR | FRDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.37% | 14.27% | +9.10% |
Volatility (6M)Calculated over the trailing 6-month period | 41.98% | 24.39% | +17.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.23% | 26.86% | +31.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.07% | 21.35% | +32.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.84% | 23.09% | +27.75% |
Dividends
FSLR vs. FRDM - Dividend Comparison
FSLR has not paid dividends to shareholders, while FRDM's dividend yield for the trailing twelve months is around 1.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FRDM Freedom 100 Emerging Markets ETF | 1.56% | 2.26% | 2.53% | 2.66% | 2.72% | 2.17% | 1.11% | 1.07% |
FSLR First Solar, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FSLR and FRDM have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSLR has higher volatility (23.37%) compared to FRDM (14.27%). In terms of maximum drawdown, FSLR dropped -96.22% vs FRDM's -40.49%.
FRDM currently has the higher Sharpe Ratio (3.15 vs 1.02), 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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