FSLR vs. K.TO
FSLR (First Solar, Inc.) and K.TO (Kinross Gold Corporation) are both stocks. FSLR operates in Solar (Technology), while K.TO operates in Gold (Basic Materials). Over the past 10 years, FSLR returned 18.76%/yr vs 18.69%/yr for K.TO. At a 0.16 correlation, their price movements are largely independent.
Performance
FSLR vs. K.TO - Performance Comparison
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Different Trading Currencies
FSLR is traded in USD, while K.TO is traded in CAD. To make them comparable, the K.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FSLR achieves a 2.33% return, which is significantly higher than K.TO's -9.10% return. Both investments have delivered pretty close results over the past 10 years, with FSLR having a 18.76% annualized return and K.TO not far behind at 18.69%.
FSLR
- 1D
- -1.42%
- 1M
- 15.41%
- YTD
- 2.33%
- 6M
- 4.91%
- 1Y
- 52.57%
- 3Y*
- 10.90%
- 5Y*
- 27.42%
- 10Y*
- 18.76%
K.TO
- 1D
- 2.95%
- 1M
- -17.18%
- YTD
- -9.10%
- 6M
- -8.09%
- 1Y
- 63.05%
- 3Y*
- 76.47%
- 5Y*
- 28.81%
- 10Y*
- 18.69%
FSLR vs. K.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FSLR First Solar, Inc. | 2.33% | 48.22% | 2.30% | 15.01% | 71.86% | -11.89% | 76.77% | 31.81% | -37.12% | 110.41% |
K.TO Kinross Gold Corporation | -9.10% | 205.76% | 55.88% | 52.77% | -27.35% | -20.20% | 56.50% | 46.02% | -25.12% | 38.75% |
Correlation
The correlation between FSLR and K.TO is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2006 | 0.16 |
The correlation between FSLR and K.TO shifts across timeframes, from 0.11 (10 years) to 0.26 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FSLR:
$28.77B
K.TO:
CA$43.06B
FSLR:
$15.48
K.TO:
$2.36
FSLR:
17.27
K.TO:
10.83
FSLR:
0.41
K.TO:
0.14
FSLR:
5.31
K.TO:
3.90
FSLR:
2.91
K.TO:
3.39
FSLR:
$5.42B
K.TO:
$7.97B
FSLR:
$2.26B
K.TO:
$4.26B
FSLR:
$2.15B
K.TO:
$5.03B
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Return for Risk
FSLR vs. K.TO — Risk / Return Rank
FSLR
K.TO
FSLR vs. K.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Solar, Inc. (FSLR) and Kinross Gold Corporation (K.TO). 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 | K.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 1.77 | -0.08 |
| Martin ratioReturn relative to average drawdown | 3.57 | 5.33 | -1.76 |
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Drawdowns
FSLR vs. K.TO - Drawdown Comparison
The maximum FSLR drawdown since its inception was -96.22%, roughly equal to the maximum K.TO drawdown of -94.64%. Use the drawdown chart below to compare losses from any high point for FSLR and K.TO.
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Drawdown Indicators
| FSLR | K.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.22% | -94.64% | -1.58% |
Max Drawdown (1Y)Largest decline over 1 year | -35.10% | -37.51% | +2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -59.97% | -37.51% | -22.46% |
Max Drawdown (5Y)Largest decline over 5 years | -59.97% | -59.49% | -0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -61.26% | -68.23% | +6.97% |
Current DrawdownCurrent decline from peak | -16.01% | -32.36% | +16.35% |
Average DrawdownAverage peak-to-trough decline | -63.20% | -61.04% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.63% | 12.45% | +4.18% |
Volatility
FSLR vs. K.TO - Volatility Comparison
First Solar, Inc. (FSLR) has a higher volatility of 23.37% compared to Kinross Gold Corporation (K.TO) at 18.27%. This indicates that FSLR's price experiences larger fluctuations and is considered to be riskier than K.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSLR | K.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.37% | 18.27% | +5.10% |
Volatility (6M)Calculated over the trailing 6-month period | 41.98% | 39.44% | +2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.23% | 51.25% | +6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.07% | 42.93% | +11.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.84% | 45.97% | +4.87% |
Dividends
FSLR vs. K.TO - Dividend Comparison
FSLR has not paid dividends to shareholders, while K.TO's dividend yield for the trailing twelve months is around 0.56%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FSLR First Solar, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
K.TO Kinross Gold Corporation | 0.56% | 0.45% | 1.23% | 2.04% | 2.68% | 1.63% | 0.85% |
Financials
FSLR vs. K.TO - Financials Comparison
This section allows you to compare key financial metrics between First Solar, Inc. and Kinross Gold Corporation. 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. K.TO - 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%.
K.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kinross Gold Corporation reported a gross profit of 1.44B and revenue of 2.41B. Therefore, the gross margin over that period was 59.9%.
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%.
K.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kinross Gold Corporation reported an operating income of 1.33B and revenue of 2.41B, resulting in an operating margin of 55.1%.
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%.
K.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kinross Gold Corporation reported a net income of 843.00M and revenue of 2.41B, resulting in a net margin of 35.0%.
Frequently Asked Questions
FSLR and K.TO have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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