CSIQ vs. SPD
Compare and contrast key facts about Canadian Solar Inc. (CSIQ) and Simplify US Equity PLUS Downside Convexity ETF (SPD).
SPD is an actively managed fund by Simplify Asset Management Inc.. It was launched on Sep 3, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CSIQ or SPD.
Key characteristics
| CSIQ | SPD | |
|---|---|---|
| YTD Return | -53.87% | 21.61% |
| 1Y Return | -42.55% | 33.02% |
| 3Y Return (Ann) | -31.94% | 3.57% |
| Sharpe Ratio | -0.59 | 2.92 |
| Sortino Ratio | -0.57 | 4.08 |
| Omega Ratio | 0.93 | 1.54 |
| Calmar Ratio | -0.51 | 1.74 |
| Martin Ratio | -1.21 | 16.87 |
| Ulcer Index | 34.61% | 1.91% |
| Daily Std Dev | 71.24% | 11.03% |
| Max Drawdown | -96.02% | -27.38% |
| Current Drawdown | -81.14% | 0.00% |
Correlation
The correlation between CSIQ and SPD is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CSIQ vs. SPD - Performance Comparison
In the year-to-date period, CSIQ achieves a -53.87% return, which is significantly lower than SPD's 21.61% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CSIQ vs. SPD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Canadian Solar Inc. (CSIQ) and Simplify US Equity PLUS Downside Convexity ETF (SPD). 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.
Dividends
CSIQ vs. SPD - Dividend Comparison
CSIQ has not paid dividends to shareholders, while SPD's dividend yield for the trailing twelve months is around 1.26%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
CSIQ Canadian Solar Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPD Simplify US Equity PLUS Downside Convexity ETF | 1.26% | 1.91% | 1.65% | 0.88% | 0.43% |
Drawdowns
CSIQ vs. SPD - Drawdown Comparison
The maximum CSIQ drawdown since its inception was -96.02%, which is greater than SPD's maximum drawdown of -27.38%. Use the drawdown chart below to compare losses from any high point for CSIQ and SPD. For additional features, visit the drawdowns tool.
Volatility
CSIQ vs. SPD - Volatility Comparison
Canadian Solar Inc. (CSIQ) has a higher volatility of 34.55% compared to Simplify US Equity PLUS Downside Convexity ETF (SPD) at 3.58%. This indicates that CSIQ's price experiences larger fluctuations and is considered to be riskier than SPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.