FSLR vs. JKS
FSLR (First Solar, Inc.) and JKS (JinkoSolar Holding Co., Ltd.) are both stocks. Both operate in the Solar industry within the Technology sector. Over the past 10 years, FSLR returned 18.96%/yr vs 1.66%/yr for JKS. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
FSLR vs. JKS - Performance Comparison
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Returns By Period
In the year-to-date period, FSLR achieves a 5.42% return, which is significantly higher than JKS's -24.02% return. Over the past 10 years, FSLR has outperformed JKS with an annualized return of 18.96%, while JKS has yielded a comparatively lower 1.66% annualized return.
FSLR
- 1D
- -1.30%
- 1M
- 25.21%
- YTD
- 5.42%
- 6M
- 7.62%
- 1Y
- 65.55%
- 3Y*
- 12.78%
- 5Y*
- 29.09%
- 10Y*
- 18.96%
JKS
- 1D
- -2.24%
- 1M
- -20.15%
- YTD
- -24.02%
- 6M
- -21.12%
- 1Y
- 10.23%
- 3Y*
- -17.22%
- 5Y*
- -10.15%
- 10Y*
- 1.66%
FSLR vs. JKS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSLR First Solar, Inc. | 5.42% | 48.22% | 2.30% | 15.01% | 71.86% | -11.89% | 76.77% | 31.81% | -37.12% | 110.41% |
JKS JinkoSolar Holding Co., Ltd. | -24.02% | 10.30% | -27.15% | -5.56% | -11.05% | -25.72% | 175.10% | 127.40% | -58.88% | 57.91% |
Correlation
The correlation between FSLR and JKS is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since May 14, 2010 | 0.54 |
The correlation between FSLR and JKS has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.
Fundamentals
FSLR:
$29.64B
JKS:
$256.74M
FSLR:
$15.48
JKS:
-$272.31
FSLR:
5.47
JKS:
0.00
FSLR:
3.00
JKS:
0.02
FSLR:
$5.42B
JKS:
$63.49B
FSLR:
$2.26B
JKS:
$2.78B
FSLR:
$2.15B
JKS:
-$5.29B
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Return for Risk
FSLR vs. JKS — Risk / Return Rank
FSLR
JKS
FSLR vs. JKS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Solar, Inc. (FSLR) and JinkoSolar Holding Co., Ltd. (JKS). 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.
| FSLR | JKS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.08 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 0.29 | +1.59 |
| Martin ratioReturn relative to average drawdown | 3.99 | 0.69 | +3.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSLR | JKS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 0.17 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | -0.14 | +0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.02 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.07 | +0.16 |
Drawdowns
FSLR vs. JKS - Drawdown Comparison
The maximum FSLR drawdown since its inception was -96.22%, roughly equal to the maximum JKS drawdown of -94.84%. Use the drawdown chart below to compare losses from any high point for FSLR and JKS.
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Drawdown Indicators
| FSLR | JKS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.22% | -94.84% | -1.38% |
Max Drawdown (1Y)Largest decline over 1 year | -35.10% | -35.87% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -59.97% | -66.92% | +6.95% |
Max Drawdown (5Y)Largest decline over 5 years | -59.97% | -79.24% | +19.27% |
Max Drawdown (10Y)Largest decline over 10 years | -61.26% | -82.09% | +20.83% |
Current DrawdownCurrent decline from peak | -13.47% | -73.08% | +59.61% |
Average DrawdownAverage peak-to-trough decline | -63.25% | -51.89% | -11.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.49% | 14.80% | +1.69% |
Volatility
FSLR vs. JKS - Volatility Comparison
First Solar, Inc. (FSLR) has a higher volatility of 21.25% compared to JinkoSolar Holding Co., Ltd. (JKS) at 18.61%. This indicates that FSLR's price experiences larger fluctuations and is considered to be riskier than JKS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLR | JKS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.25% | 18.61% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 40.64% | 42.91% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.45% | 61.25% | -3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.90% | 70.76% | -16.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.75% | 70.87% | -20.12% |
Dividends
FSLR vs. JKS - Dividend Comparison
FSLR has not paid dividends to shareholders, while JKS's dividend yield for the trailing twelve months is around 6.63%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FSLR First Solar, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
JKS JinkoSolar Holding Co., Ltd. | 6.63% | 5.04% | 6.02% | 4.06% |
Financials
FSLR vs. JKS - Financials Comparison
This section allows you to compare key financial metrics between First Solar, Inc. and JinkoSolar Holding Co., Ltd.. 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. JKS - Profitability Comparison
FSLR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
JKS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, JinkoSolar Holding Co., Ltd. reported a gross profit of 1.02B and revenue of 12.25B. Therefore, the gross margin over that period was 8.3%.
FSLR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Solar, Inc. reported an operating income of 345.30M and revenue of 1.04B, resulting in an operating margin of 33.1%.
JKS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, JinkoSolar Holding Co., Ltd. reported an operating income of -256.25M and revenue of 12.25B, resulting in an operating margin of -2.1%.
FSLR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Solar, Inc. reported a net income of 346.62M and revenue of 1.04B, resulting in a net margin of 33.2%.
JKS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, JinkoSolar Holding Co., Ltd. reported a net income of -463.51M and revenue of 12.25B, resulting in a net margin of -3.8%.
Frequently Asked Questions
FSLR and JKS have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSLR has higher volatility (21.25%) compared to JKS (18.61%). In terms of maximum drawdown, FSLR dropped -96.22% vs JKS's -94.84%.
FSLR currently has the higher Sharpe Ratio (1.15 vs 0.17), 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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