PIPR vs. FSLR
PIPR (Piper Sandler Companies) and FSLR (First Solar, Inc.) are both stocks. PIPR operates in Capital Markets (Financial Services), while FSLR operates in Solar (Technology). Over the past 10 years, PIPR returned 25.74%/yr vs 16.02%/yr for FSLR. Their 0.32 correlation means their historical movements had little consistent relationship.
Performance
PIPR vs. FSLR - Performance Comparison
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Returns By Period
In the year-to-date period, PIPR achieves a -8.81% return, which is significantly higher than FSLR's -19.22% return. Over the past 10 years, PIPR has outperformed FSLR with an annualized return of 25.74%, while FSLR has yielded a comparatively lower 16.02% annualized return.
PIPR
- 1D
- -0.50%
- 1M
- 5.07%
- 6M
- -10.56%
- YTD
- -8.81%
- 1Y
- -1.35%
- 3Y*
- 29.13%
- 5Y*
- 23.58%
- 10Y*
- 25.74%
- ALL TIME*
- 10.57%
FSLR
- 1D
- 2.44%
- 1M
- -9.07%
- 6M
- -6.43%
- YTD
- -19.22%
- 1Y
- 20.77%
- 3Y*
- 1.35%
- 5Y*
- 19.65%
- 10Y*
- 16.02%
- ALL TIME*
- 11.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $397.05M | $406.54M | $591.75M | |
| $44.97M | $47.30M | $48.12M |
PIPR vs. FSLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIPR Piper Sandler Companies | -8.81% | 15.52% | 74.24% | 37.78% | -23.41% | 85.33% | 29.64% | 23.88% | -20.69% | 21.22% |
FSLR First Solar, Inc. | -19.22% | 48.22% | 2.30% | 15.01% | 71.86% | -11.89% | 76.77% | 31.81% | -37.12% | 110.41% |
Correlation
The correlation between PIPR and FSLR is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2006 | 0.32 |
The correlation between PIPR and FSLR shifts across timeframes, from 0.21 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PIPR:
$5.12B
FSLR:
$22.68B
PIPR:
$3.95
FSLR:
$16.22
PIPR:
19.17
FSLR:
13.01
PIPR:
1.27
FSLR:
0.31
PIPR:
2.70
FSLR:
4.22
PIPR:
4.02
FSLR:
2.20
PIPR:
$2.00B
FSLR:
$5.38B
PIPR:
$1.95B
FSLR:
$2.37B
PIPR:
$455.82M
FSLR:
$2.28B
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Return for Risk
PIPR vs. FSLR — Risk / Return Rank
PIPR
FSLR
PIPR vs. FSLR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Piper Sandler Companies (PIPR) 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.
| PIPR | FSLR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.12 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 0.56 | -0.61 |
| Martin ratioReturn relative to average drawdown | -0.11 | 1.07 | -1.18 |
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Drawdowns
PIPR vs. FSLR - Drawdown Comparison
The maximum PIPR drawdown since its inception was -76.97%, smaller than the maximum FSLR drawdown of -96.22%. Use the drawdown chart below to compare losses from any high point for PIPR and FSLR.
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Drawdown Indicators
| PIPR | FSLR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.97% | -96.22% | +19.25% |
Max Drawdown (1Y)Largest decline over 1 year | -24.56% | -37.40% | +12.84% |
Max Drawdown (3Y)Largest decline over 3 years | -38.78% | -59.97% | +21.19% |
Max Drawdown (5Y)Largest decline over 5 years | -42.30% | -59.97% | +17.67% |
Max Drawdown (10Y)Largest decline over 10 years | -63.02% | -61.26% | -1.76% |
Current DrawdownCurrent decline from peak | -18.06% | -33.69% | +15.63% |
Average DrawdownAverage peak-to-trough decline | -30.53% | -62.97% | +32.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.26% | 19.41% | -7.15% |
Volatility
PIPR vs. FSLR - Volatility Comparison
Piper Sandler Companies (PIPR) has a higher volatility of 12.04% compared to First Solar, Inc. (FSLR) at 10.92%. This indicates that PIPR's price experiences larger fluctuations and is considered to be riskier 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
| PIPR | FSLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.04% | 10.92% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 28.10% | 38.39% | -10.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.36% | 53.94% | -18.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.45% | 54.12% | -18.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.57% | 50.83% | -14.26% |
Dividends
PIPR vs. FSLR - Dividend Comparison
PIPR's dividend yield for the trailing twelve months is around 2.61%, while FSLR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FSLR First Solar, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PIPR Piper Sandler Companies | 2.61% | 1.68% | 1.17% | 2.09% | 5.30% | 3.81% | 1.98% | 1.88% | 4.74% | 1.45% |
Financials
PIPR vs. FSLR - Financials Comparison
This section allows you to compare key financial metrics between Piper Sandler Companies 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
PIPR vs. FSLR - Profitability Comparison
PIPR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Piper Sandler Companies reported a gross profit of 456.39M and revenue of 475.15M. Therefore, the gross margin over that period was 96.1%.
FSLR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, First Solar, Inc. reported a gross profit of 605.00M and revenue of 1.06B. Therefore, the gross margin over that period was 57.3%.
PIPR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Piper Sandler Companies reported an operating income of 88.67M and revenue of 475.15M, resulting in an operating margin of 18.7%.
FSLR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, First Solar, Inc. reported an operating income of 450.39M and revenue of 1.06B, resulting in an operating margin of 42.6%.
PIPR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Piper Sandler Companies reported a net income of 65.24M and revenue of 475.15M, resulting in a net margin of 13.7%.
FSLR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, First Solar, Inc. reported a net income of 422.57M and revenue of 1.06B, resulting in a net margin of 40.0%.
Frequently Asked Questions
PIPR and FSLR have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PIPR has higher volatility (12.04%) compared to FSLR (10.92%). In terms of maximum drawdown, PIPR dropped -76.97% vs FSLR's -96.22%.
FSLR currently has the higher Sharpe Ratio (0.39 vs -0.04), 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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