FSLR vs QCOM: Correlation
First Solar (FSLR) and Qualcomm (QCOM) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSLR and QCOM?
Across a 3-year window, the weekly returns of FSLR and QCOM correlate at 0.42, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Stretching to 5 years gives 0.26, with an annualized covariance of 993.5 %².
Among the 34 assets we track against FSLR, QCOM ranks #13 by 3-year correlation. Neither side won the trailing year by much: +9.9% against +5.3%. Across three years, the rolling one-year figure varied moderately, from 0.04 to 0.52.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FSLR vs QCOM: side by side
| FSLR (First Solar) | QCOM (Qualcomm) | |
|---|---|---|
| 1-year return | +9.9% | +5.3% |
| 5-year return | +119.6% | +25.8% |
| Volatility (ann.) | 56.2% | 42.4% |
| Beta vs S&P 500 | 1.14 | 1.77 |
| Max drawdown (3Y) | -60.0% | -44.2% |
| Market cap | $22.6B | $176.0B |
| P/E (trailing) | 12.7 | 18.9 |
| Dividend yield | 0.00% | 2.19% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | FSLR | QCOM |
|---|---|---|
| 2022 | +71.9% | -38.6% |
| 2023 | +15.0% | +35.1% |
| 2024 | +2.3% | +8.3% |
| 2025 | +48.2% | +13.8% |
| 2026 | -19.6% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSLR and QCOM good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FSLR and QCOM?
The FSLR/QCOM correlation stands at 0.42 on a 3-year window (1 year: 0.44, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is QCOM a good diversifier for FSLR?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fslr-vs-qcom.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fslr-vs-qcom/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FSLR correlations · QCOM correlations
