FSLR vs SPY
Comparison between First Solar Inc (FSLR, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceFSLR has outperformed SPY, delivering a return of +25.5% compared to +13.2%
FSLR vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
FSLR
$28B
Winner
SPY
$784B
Expense Ratio
FSLR
N/A
SPY
0.09%
Max Drawdown
FSLR
96.22%
Winner
SPY
56.47%
Sharpe Ratio
FSLR
1.18
Winner
SPY
1.54
5Y Beta
FSLR
1.14
Winner
SPY
1.00
Industry
FSLR
Solar
SPY
N/A
P/E Ratio
Winner
FSLR
16.61
SPY
27.62
Forward P/E
Winner
FSLR
16.13
SPY
21.11
PEG Ratio
FSLR
0.53
SPY
N/A
5Y Dividends CAGR
FSLR
N/A
SPY
6.00%
5Y EPS CAGR
Winner
FSLR
26.05%
SPY
25.30%
Debt to Equity
Winner
FSLR
4.31%
SPY
31.11%
Free Cash Flow Yield
FSLR
6.02%
SPY
N/A
P/S Ratio
FSLR
5.11
Winner
SPY
3.49
P/B Ratio
Winner
FSLR
2.80
SPY
5.30
FSLR vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
FSLR
-3.34%
Winner
SPY
-1.37%
3M
Winner
FSLR
+31.23%
SPY
+12.22%
6M
FSLR
-7.48%
Winner
SPY
+7.20%
1Y
Winner
FSLR
+72.28%
SPY
+23.58%
5Y(CAGR)
Winner
FSLR
+25.46%
SPY
+13.19%
10Y(CAGR)
Winner
FSLR
+17.75%
SPY
+15.12%
Max(CAGR)
Winner
FSLR
+12.51%
SPY
+8.44%
FSLR vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | FSLR | SPY |
|---|---|---|
| 2026 | -9.15% | +7.95% |
| 2025 | +40.09% | +18.00% |
| 2024 | +2.37% | +25.59% |
| 2023 | +18.05% | +26.72% |
| 2022 | +69.10% | -18.64% |
| 2021 | -13.91% | +30.52% |
| 2020 | +72.82% | +17.28% |
| 2019 | +31.48% | +31.09% |
| 2018 | -39.72% | -5.24% |
| 2017 | +101.31% | +20.78% |
| 2016 | -51.90% | +13.59% |
| 2015 | +48.14% | +1.31% |
| 2014 | -22.36% | +14.56% |
| 2013 | +70.80% | +29.00% |
| 2012 | -13.79% | +14.17% |
| 2011 | -74.57% | +0.85% |
| 2010 | -3.93% | +13.14% |
| 2009 | -10.63% | +22.67% |
| 2008 | -48.46% | -36.25% |
| 2007 | +837.33% | +5.32% |
| 2006 | +20.61% | +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% |
FSLR vs SPY Drawdown Comparison
The maximum drawdown for FSLR was -96.22%, occurring on Jun 1, 2012. Recovery took 4539 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current FSLR drawdown is -21.68%. The current SPY drawdown is -3.18%.
| Rank | FSLR | SPY |
|---|---|---|
| #1 | -96.22% May 16, 2008 - Jun 3, 2026 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -41.35% Dec 26, 2007 - Apr 15, 2008 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -31.93% Jul 30, 2007 - Oct 1, 2007 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -21.68% Jun 3, 2026 - Jun 23, 2026 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -20.82% Nov 8, 2007 - Nov 29, 2007 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -15.24% Apr 16, 2007 - May 4, 2007 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -14.89% Feb 26, 2007 - Mar 8, 2007 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -11.64% Apr 22, 2008 - May 13, 2008 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -11.03% Mar 12, 2007 - Mar 22, 2007 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.91% May 7, 2007 - Jun 5, 2007 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.71% Mar 23, 2007 - Apr 10, 2007 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -10.21% Jul 9, 2007 - Jul 30, 2007 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -9.93% Nov 29, 2007 - Dec 10, 2007 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -8.12% Dec 15, 2006 - Dec 28, 2006 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -7.84% Dec 14, 2007 - Dec 21, 2007 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between FSLR and SPY is 0.45 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.45
-101
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