K.TO vs. FSLR
K.TO (Kinross Gold Corporation) and FSLR (First Solar, Inc.) are both stocks. K.TO operates in Gold (Basic Materials), while FSLR operates in Solar (Technology). Over the past 10 years, K.TO returned 19.71%/yr vs 19.78%/yr for FSLR. At a 0.13 correlation, their price movements are largely independent.
Performance
K.TO vs. FSLR - Performance Comparison
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Different Trading Currencies
K.TO is traded in CAD, while FSLR is traded in USD. To make them comparable, the FSLR values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, K.TO achieves a -7.26% return, which is significantly lower than FSLR's 4.40% return. Both investments have delivered pretty close results over the past 10 years, with K.TO having a 19.71% annualized return and FSLR not far ahead at 19.78%.
K.TO
- 1D
- 3.14%
- 1M
- -15.56%
- YTD
- -7.26%
- 6M
- -6.78%
- 1Y
- 67.56%
- 3Y*
- 79.11%
- 5Y*
- 32.58%
- 10Y*
- 19.71%
FSLR
- 1D
- -1.24%
- 1M
- 17.66%
- YTD
- 4.40%
- 6M
- 6.41%
- 1Y
- 56.79%
- 3Y*
- 12.56%
- 5Y*
- 31.15%
- 10Y*
- 19.78%
K.TO vs. FSLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
K.TO Kinross Gold Corporation | -7.26% | 191.80% | 69.08% | 49.14% | -22.75% | -20.24% | 52.79% | 40.00% | -18.82% | 29.36% |
FSLR First Solar, Inc. | 4.40% | 41.46% | 10.96% | 12.28% | 82.75% | -11.93% | 72.57% | 26.38% | -31.84% | 96.16% |
Correlation
The correlation between K.TO and FSLR 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 | 0.13 |
The correlation between K.TO and FSLR shifts across timeframes, from 0.11 (10 years) to 0.26 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
K.TO:
CA$43.06B
FSLR:
$28.77B
K.TO:
$2.36
FSLR:
$15.48
K.TO:
10.83
FSLR:
17.27
K.TO:
0.14
FSLR:
0.41
K.TO:
3.90
FSLR:
5.31
K.TO:
3.39
FSLR:
2.91
K.TO:
$7.97B
FSLR:
$5.42B
K.TO:
$4.26B
FSLR:
$2.26B
K.TO:
$5.03B
FSLR:
$2.15B
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Return for Risk
K.TO vs. FSLR — Risk / Return Rank
K.TO
FSLR
K.TO vs. FSLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kinross Gold Corporation (K.TO) and First Solar, Inc. (FSLR). 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.
| K.TO | FSLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.80 | +0.14 |
| Martin ratioReturn relative to average drawdown | 5.71 | 3.74 | +1.97 |
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Drawdowns
K.TO vs. FSLR - Drawdown Comparison
The maximum K.TO drawdown since its inception was -92.37%, roughly equal to the maximum FSLR drawdown of -96.09%. Use the drawdown chart below to compare losses from any high point for K.TO and FSLR.
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Drawdown Indicators
| K.TO | FSLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.37% | -96.09% | +3.72% |
Max Drawdown (1Y)Largest decline over 1 year | -36.29% | -35.12% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -36.29% | -58.56% | +22.27% |
Max Drawdown (5Y)Largest decline over 5 years | -56.26% | -58.56% | +2.30% |
Max Drawdown (10Y)Largest decline over 10 years | -68.36% | -58.56% | -9.80% |
Current DrawdownCurrent decline from peak | -30.94% | -15.23% | -15.71% |
Average DrawdownAverage peak-to-trough decline | -55.98% | -58.32% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.29% | 16.87% | -4.58% |
Volatility
K.TO vs. FSLR - Volatility Comparison
The current volatility for Kinross Gold Corporation (K.TO) is 18.19%, while First Solar, Inc. (FSLR) has a volatility of 23.47%. This indicates that K.TO experiences smaller price fluctuations and is considered to be less risky than FSLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| K.TO | FSLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.19% | 23.47% | -5.28% |
Volatility (6M)Calculated over the trailing 6-month period | 39.35% | 41.95% | -2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.98% | 58.45% | -7.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.47% | 54.39% | -11.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.61% | 51.33% | -5.72% |
Dividends
K.TO vs. FSLR - Dividend Comparison
K.TO's dividend yield for the trailing twelve months is around 0.56%, while FSLR has not paid dividends to shareholders.
| 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
K.TO vs. FSLR - Financials Comparison
This section allows you to compare key financial metrics between Kinross Gold Corporation and First Solar, 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
K.TO vs. FSLR - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
K.TO and FSLR 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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