CSIQ vs SPY

Comparison between Canadian Solar Inc (CSIQ, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed CSIQ, delivering a return of +13.3% compared to -15.1%

CSIQ vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CSIQ(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$1.29B	$735B
Expense Ratio	N/A	0.09%
Max Drawdown	96.02%	56.47%
Sharpe Ratio	0.91	1.62
5Y Beta	1.85	1.00
Industry	Solar	N/A
P/E Ratio	-12.41	28.99
Forward P/E	21.51	22.37
PEG Ratio	0.16	N/A
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	26.05%
Debt to Equity	299.12%	32.40%
Free Cash Flow Yield	-19.57%	N/A
P/S Ratio	0.23	3.74
P/B Ratio	0.46	5.61

Market Cap / Net Assets

CSIQ

$1.29B

Winner

SPY

$735B

Expense Ratio

CSIQ

N/A

SPY

0.09%

Max Drawdown

CSIQ

96.02%

Winner

SPY

56.47%

Sharpe Ratio

CSIQ

0.91

Winner

SPY

1.62

5Y Beta

CSIQ

1.85

Winner

SPY

1.00

Industry

CSIQ

Solar

SPY

N/A

P/E Ratio

Winner

CSIQ

-12.41

SPY

28.99

Forward P/E

Winner

CSIQ

21.51

SPY

22.37

PEG Ratio

CSIQ

0.16

SPY

N/A

5Y Dividends CAGR

CSIQ

N/A

SPY

5.43%

5Y EPS CAGR

CSIQ

N/A

SPY

26.05%

Debt to Equity

CSIQ

299.12%

Winner

SPY

32.40%

Free Cash Flow Yield

CSIQ

-19.57%

SPY

N/A

P/S Ratio

Winner

CSIQ

0.23

SPY

3.74

P/B Ratio

Winner

CSIQ

0.46

SPY

5.61

CSIQ vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	CSIQ	SPY
1 month	+2.14%	+1.90%
3 months	+3.13%	+8.55%
6 months	-28.02%	+8.18%
1 year	+54.32%	+25.79%
5 years(CAGR)	-15.06%	+13.32%
10 years(CAGR)	-0.60%	+15.19%
Max(CAGR)	+0.48%	+8.47%

Winner

CSIQ

+2.14%

SPY

+1.90%

CSIQ

+3.13%

Winner

SPY

+8.55%

CSIQ

-28.02%

Winner

SPY

+8.18%

Winner

CSIQ

+54.32%

SPY

+25.79%

5Y(CAGR)

CSIQ

-15.06%

Winner

SPY

+13.32%

10Y(CAGR)

CSIQ

-0.60%

Winner

SPY

+15.19%

Max(CAGR)

CSIQ

+0.48%

Winner

SPY

+8.47%

CSIQ vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CSIQ	SPY
2026	-32.47%	+8.26%
2025	+97.43%	+18.00%
2024	-56.80%	+25.59%
2023	-13.43%	+26.72%
2022	-1.37%	-18.64%
2021	-40.56%	+30.52%
2020	+127.53%	+17.28%
2019	+53.05%	+31.09%
2018	-16.34%	-5.24%
2017	+33.07%	+20.78%
2016	-56.47%	+13.59%
2015	+17.29%	+1.31%
2014	-29.25%	+14.56%
2013	+777.06%	+29.00%
2012	+21.43%	+14.17%
2011	-78.70%	+0.85%
2010	-60.02%	+13.14%
2009	+344.07%	+22.67%
2008	-77.47%	-36.25%
2007	+160.17%	+5.32%
2006	-32.95%	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

CSIQ vs SPY Drawdown Comparison

The maximum drawdown for CSIQ was -96.02%, occurring on Nov 15, 2012. Recovery took 3151 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current CSIQ drawdown is -73.25%. The current SPY drawdown is -2.90%.

Rank	CSIQ	SPY
#1	-96.02% Jun 18, 2008 - Dec 22, 2020	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-89.46% Jan 21, 2021 - Apr 8, 2025	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-54.32% Nov 9, 2006 - Nov 16, 2007	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-45.41% Dec 26, 2007 - May 6, 2008	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-19.35% May 20, 2008 - Jun 17, 2008	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-17.79% Nov 16, 2007 - Dec 4, 2007	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-13.79% Dec 10, 2007 - Dec 18, 2007	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-9.79% May 6, 2008 - May 8, 2008	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-9.43% Jan 7, 2021 - Jan 20, 2021	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-6.87% Dec 22, 2020 - Jan 6, 2021	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-4.28% Dec 18, 2007 - Dec 21, 2007	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-4.05% May 16, 2008 - May 20, 2008	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-2.14% Dec 4, 2007 - Dec 6, 2007	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-0.91% May 14, 2008 - May 16, 2008	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	N/A	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between CSIQ and SPY is 0.28 which considered as a very weak or no correlation - the stocks move independently of each other.

0.28

-101

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CSIQ vs SPY

CSIQ vs SPY - Performance Comparison

Key Characteristics

CSIQ vs SPY - Historical Returns

CSIQ vs SPY - Annual Returns (1999 - 2026)

CSIQ vs SPY Drawdown Comparison

Correlation

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