FSLR vs. GMED
FSLR (First Solar, Inc.) and GMED (Globus Medical, Inc.) are both stocks. FSLR operates in Solar (Technology), while GMED operates in Medical Devices (Healthcare). Over the past 10 years, FSLR returned 17.10%/yr vs 12.07%/yr for GMED. At a 0.25 correlation, their price movements are largely independent.
Performance
FSLR vs. GMED - Performance Comparison
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Returns By Period
In the year-to-date period, FSLR achieves a -12.79% return, which is significantly lower than GMED's -10.54% return. Over the past 10 years, FSLR has outperformed GMED with an annualized return of 17.10%, while GMED has yielded a comparatively lower 12.07% annualized return.
FSLR
- 1D
- -0.29%
- 1M
- -15.98%
- 6M
- -4.54%
- YTD
- -12.79%
- 1Y
- 40.25%
- 3Y*
- 6.31%
- 5Y*
- 19.74%
- 10Y*
- 17.10%
GMED
- 1D
- 1.92%
- 1M
- -2.99%
- 6M
- -17.32%
- YTD
- -10.54%
- 1Y
- 36.75%
- 3Y*
- 8.91%
- 5Y*
- -0.63%
- 10Y*
- 12.07%
FSLR vs. GMED - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSLR First Solar, Inc. | -12.79% | 48.22% | 2.30% | 15.01% | 71.86% | -11.89% | 76.77% | 31.81% | -37.12% | 110.41% |
GMED Globus Medical, Inc. | -10.54% | 5.56% | 55.21% | -28.25% | 2.87% | 10.70% | 10.77% | 36.04% | 5.30% | 65.66% |
Correlation
The correlation between FSLR and GMED is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.25 |
The correlation between FSLR and GMED shifts across timeframes, from 0.14 (1 year) to 0.26 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
FSLR:
$24.48B
GMED:
$10.53B
FSLR:
$15.48
GMED:
$4.28
FSLR:
14.72
GMED:
18.23
FSLR:
0.35
GMED:
0.19
FSLR:
4.52
GMED:
3.45
FSLR:
2.48
GMED:
2.28
FSLR:
$5.42B
GMED:
$3.10B
FSLR:
$2.26B
GMED:
$1.58B
FSLR:
$2.15B
GMED:
$803.34M
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Return for Risk
FSLR vs. GMED — Risk / Return Rank
FSLR
GMED
FSLR vs. GMED - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Solar, Inc. (FSLR) and Globus Medical, Inc. (GMED). 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 | GMED | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 1.60 | -0.51 |
| Martin ratioReturn relative to average drawdown | 2.17 | 3.87 | -1.69 |
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Drawdowns
FSLR vs. GMED - Drawdown Comparison
The maximum FSLR drawdown since its inception was -96.22%, which is greater than GMED's maximum drawdown of -47.91%. Use the drawdown chart below to compare losses from any high point for FSLR and GMED.
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Drawdown Indicators
| FSLR | GMED | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.22% | -47.91% | -48.31% |
Max Drawdown (1Y)Largest decline over 1 year | -35.10% | -22.10% | -13.00% |
Max Drawdown (3Y)Largest decline over 3 years | -59.97% | -44.40% | -15.57% |
Max Drawdown (5Y)Largest decline over 5 years | -59.97% | -47.91% | -12.06% |
Max Drawdown (10Y)Largest decline over 10 years | -61.26% | -47.91% | -13.35% |
Current DrawdownCurrent decline from peak | -28.41% | -19.32% | -9.09% |
Average DrawdownAverage peak-to-trough decline | -63.05% | -15.33% | -47.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.53% | 9.13% | +8.40% |
Volatility
FSLR vs. GMED - Volatility Comparison
First Solar, Inc. (FSLR) has a higher volatility of 15.11% compared to Globus Medical, Inc. (GMED) at 13.69%. This indicates that FSLR's price experiences larger fluctuations and is considered to be riskier than GMED based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLR | GMED | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.11% | 13.69% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 39.86% | 25.33% | +14.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.00% | 49.46% | +4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.12% | 38.27% | +15.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.78% | 35.68% | +15.10% |
Dividends
FSLR vs. GMED - Dividend Comparison
Neither FSLR nor GMED has paid dividends to shareholders.
Financials
FSLR vs. GMED - Financials Comparison
This section allows you to compare key financial metrics between First Solar, Inc. and Globus Medical, 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
FSLR vs. GMED - Profitability Comparison
FSLR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, First Solar, Inc. reported a gross profit of 486.13M and revenue of 1.04B. Therefore, the gross margin over that period was 46.6%.
GMED - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Globus Medical, Inc. reported a gross profit of 0.00 and revenue of 759.85M. Therefore, the gross margin over that period was 0.0%.
FSLR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, First Solar, Inc. reported an operating income of 345.30M and revenue of 1.04B, resulting in an operating margin of 33.1%.
GMED - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Globus Medical, Inc. reported an operating income of 150.39M and revenue of 759.85M, resulting in an operating margin of 19.8%.
FSLR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, First Solar, Inc. reported a net income of 346.62M and revenue of 1.04B, resulting in a net margin of 33.2%.
GMED - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Globus Medical, Inc. reported a net income of 124.30M and revenue of 759.85M, resulting in a net margin of 16.4%.
Frequently Asked Questions
FSLR and GMED have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSLR has higher volatility (15.11%) compared to GMED (13.69%). In terms of maximum drawdown, FSLR dropped -96.22% vs GMED's -47.91%.
GMED currently has the higher Sharpe Ratio (0.71 vs 0.71), 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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