RUN vs. CSIQ
RUN (Sunrun Inc.) and CSIQ (Canadian Solar Inc.) are both stocks. Both operate in the Solar industry within the Technology sector. Over the past 10 years, RUN returned 8.11%/yr vs 0.54%/yr for CSIQ. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
RUN vs. CSIQ - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with RUN having a -29.95% return and CSIQ slightly higher at -29.62%. Over the past 10 years, RUN has outperformed CSIQ with an annualized return of 8.11%, while CSIQ has yielded a comparatively lower 0.54% annualized return.
RUN
- 1D
- 2.71%
- 1M
- -7.86%
- YTD
- -29.95%
- 6M
- -28.11%
- 1Y
- 28.90%
- 3Y*
- -14.62%
- 5Y*
- -22.11%
- 10Y*
- 8.11%
CSIQ
- 1D
- 6.15%
- 1M
- -6.43%
- YTD
- -29.62%
- 6M
- -26.14%
- 1Y
- 51.54%
- 3Y*
- -23.33%
- 5Y*
- -16.11%
- 10Y*
- 0.54%
RUN vs. CSIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RUN Sunrun Inc. | -29.95% | 98.92% | -52.88% | -18.28% | -29.97% | -50.56% | 402.39% | 26.81% | 84.58% | 11.11% |
CSIQ Canadian Solar Inc. | -29.62% | 113.76% | -57.61% | -15.11% | -1.25% | -38.93% | 131.86% | 54.11% | -14.95% | 38.42% |
Correlation
The correlation between RUN and CSIQ 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 | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2015 | 0.55 |
The correlation between RUN and CSIQ shifts across timeframes, from 0.47 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
RUN:
$3.51B
CSIQ:
$1.13B
RUN:
$2.12
CSIQ:
-$1.51
RUN:
1.09
CSIQ:
0.21
RUN:
1.05
CSIQ:
0.40
RUN:
$3.17B
CSIQ:
$5.48B
RUN:
$746.75M
CSIQ:
$1.16B
RUN:
$544.21M
CSIQ:
$398.75M
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Return for Risk
RUN vs. CSIQ — Risk / Return Rank
RUN
CSIQ
RUN vs. CSIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sunrun Inc. (RUN) and Canadian Solar Inc. (CSIQ). 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.
| RUN | CSIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.84 | +0.27 |
| Martin ratioReturn relative to average drawdown | 2.26 | 1.55 | +0.70 |
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Drawdowns
RUN vs. CSIQ - Drawdown Comparison
The maximum RUN drawdown since its inception was -94.13%, roughly equal to the maximum CSIQ drawdown of -96.02%. Use the drawdown chart below to compare losses from any high point for RUN and CSIQ.
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Drawdown Indicators
| RUN | CSIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.13% | -96.02% | +1.89% |
Max Drawdown (1Y)Largest decline over 1 year | -47.08% | -63.94% | +16.86% |
Max Drawdown (3Y)Largest decline over 3 years | -74.79% | -83.64% | +8.85% |
Max Drawdown (5Y)Largest decline over 5 years | -90.34% | -85.65% | -4.69% |
Max Drawdown (10Y)Largest decline over 10 years | -94.13% | -89.46% | -4.67% |
Current DrawdownCurrent decline from peak | -86.64% | -73.92% | -12.72% |
Average DrawdownAverage peak-to-trough decline | -54.60% | -61.09% | +6.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.20% | 34.64% | -11.44% |
Volatility
RUN vs. CSIQ - Volatility Comparison
The current volatility for Sunrun Inc. (RUN) is 21.08%, while Canadian Solar Inc. (CSIQ) has a volatility of 29.76%. This indicates that RUN experiences smaller price fluctuations and is considered to be less risky than CSIQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RUN | CSIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.08% | 29.76% | -8.68% |
Volatility (6M)Calculated over the trailing 6-month period | 66.50% | 66.26% | +0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.12% | 96.01% | +9.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.76% | 72.09% | +18.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.31% | 63.75% | +14.56% |
Dividends
RUN vs. CSIQ - Dividend Comparison
Neither RUN nor CSIQ has paid dividends to shareholders.
Financials
RUN vs. CSIQ - Financials Comparison
This section allows you to compare key financial metrics between Sunrun Inc. and Canadian 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
RUN vs. CSIQ - Profitability Comparison
RUN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sunrun Inc. reported a gross profit of 0.00 and revenue of 722.23M. Therefore, the gross margin over that period was 0.0%.
CSIQ - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canadian Solar Inc. reported a gross profit of 270.82M and revenue of 1.08B. Therefore, the gross margin over that period was 25.1%.
RUN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sunrun Inc. reported an operating income of -43.51M and revenue of 722.23M, resulting in an operating margin of -6.0%.
CSIQ - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian Solar Inc. reported an operating income of 72.87M and revenue of 1.08B, resulting in an operating margin of 6.8%.
RUN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sunrun Inc. reported a net income of 167.64M and revenue of 722.23M, resulting in a net margin of 23.2%.
CSIQ - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian Solar Inc. reported a net income of -32.09M and revenue of 1.08B, resulting in a net margin of -3.0%.
Frequently Asked Questions
RUN and CSIQ 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.
CSIQ has higher volatility (29.76%) compared to RUN (21.08%). In terms of maximum drawdown, RUN dropped -94.13% vs CSIQ's -96.02%.
CSIQ currently has the higher Sharpe Ratio (0.56 vs 0.50), 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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