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Firsthand Alternative Energy Fund (ALTEX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS3379418276
CUSIP337941827
IssuerFirsthand Funds
Inception DateOct 28, 2007
CategoryTechnology Equities
Min. Investment$2,000
Asset ClassEquity

Asset Class Size

Mid-Cap

Asset Class Style

Growth

Expense Ratio

ALTEX has a high expense ratio of 1.98%, indicating higher-than-average management fees.


Expense ratio chart for ALTEX: current value at 1.98% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.98%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Firsthand Alternative Energy Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%50.00%100.00%150.00%200.00%250.00%MayJuneJulyAugustSeptemberOctober
20.16%
270.51%
ALTEX (Firsthand Alternative Energy Fund)
Benchmark (^GSPC)

Returns By Period

Firsthand Alternative Energy Fund had a return of 1.35% year-to-date (YTD) and 13.85% in the last 12 months. Over the past 10 years, Firsthand Alternative Energy Fund had an annualized return of 5.95%, while the S&P 500 had an annualized return of 11.26%, indicating that Firsthand Alternative Energy Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date1.35%19.70%
1 month-0.76%1.08%
6 months12.66%9.56%
1 year13.85%34.99%
5 years (annualized)10.72%14.15%
10 years (annualized)5.95%11.26%

Monthly Returns

The table below presents the monthly returns of ALTEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-13.80%6.83%0.00%-3.77%17.76%-5.46%2.84%0.67%1.98%1.35%
20239.84%-1.08%2.10%-8.63%2.52%3.95%3.97%-10.23%-9.04%-15.21%12.08%12.10%-2.31%
2022-14.53%8.89%5.36%-18.24%2.51%-9.34%23.50%-2.27%-11.18%0.75%11.30%-8.74%-18.26%
20217.28%-2.24%-2.90%-4.03%-2.32%7.56%-3.99%0.50%-4.78%13.49%-2.11%-9.45%-5.09%
2020-0.13%-0.52%-21.60%16.19%10.20%2.74%17.13%14.08%5.22%3.52%13.43%8.69%83.88%
201912.43%4.72%-1.55%9.15%-5.20%11.58%1.78%-3.09%0.42%-0.55%0.69%16.82%55.05%
20181.49%-2.05%0.30%-0.90%1.51%-4.90%4.68%-0.15%-5.37%-10.09%5.79%-9.24%-18.56%
20172.84%3.49%1.24%2.46%4.62%1.64%3.06%-0.94%1.73%4.81%-1.92%1.61%27.35%
2016-7.20%-1.85%3.58%-2.00%-4.08%-0.39%3.88%-2.80%3.08%-3.55%-0.77%3.12%-9.26%
2015-5.42%12.60%-1.45%0.00%0.15%-5.30%-4.82%-8.99%-6.28%8.05%-1.59%5.05%-9.75%
20143.71%9.39%1.36%-5.11%2.12%6.80%-8.44%6.10%-7.62%-3.62%-0.15%-2.86%-0.16%
201311.08%5.93%-0.51%11.25%15.63%0.00%11.13%-5.55%11.17%4.26%6.05%-0.31%93.72%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of ALTEX is 2, indicating that it is in the bottom 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of ALTEX is 22
ALTEX (Firsthand Alternative Energy Fund)
The Sharpe Ratio Rank of ALTEX is 22Sharpe Ratio Rank
The Sortino Ratio Rank of ALTEX is 33Sortino Ratio Rank
The Omega Ratio Rank of ALTEX is 22Omega Ratio Rank
The Calmar Ratio Rank of ALTEX is 33Calmar Ratio Rank
The Martin Ratio Rank of ALTEX is 22Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Firsthand Alternative Energy Fund (ALTEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


ALTEX
Sharpe ratio
The chart of Sharpe ratio for ALTEX, currently valued at 0.34, compared to the broader market0.002.004.000.34
Sortino ratio
The chart of Sortino ratio for ALTEX, currently valued at 0.71, compared to the broader market0.005.0010.000.71
Omega ratio
The chart of Omega ratio for ALTEX, currently valued at 1.08, compared to the broader market1.002.003.004.001.08
Calmar ratio
The chart of Calmar ratio for ALTEX, currently valued at 0.21, compared to the broader market0.005.0010.0015.0020.000.21
Martin ratio
The chart of Martin ratio for ALTEX, currently valued at 1.10, compared to the broader market0.0020.0040.0060.0080.00100.001.10
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.64, compared to the broader market0.002.004.002.64
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.52, compared to the broader market0.005.0010.003.52
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.48, compared to the broader market1.002.003.004.001.48
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 2.34, compared to the broader market0.005.0010.0015.0020.002.34
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 16.17, compared to the broader market0.0020.0040.0060.0080.00100.0016.17

Sharpe Ratio

The current Firsthand Alternative Energy Fund Sharpe ratio is 0.34. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Firsthand Alternative Energy Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00MayJuneJulyAugustSeptemberOctober
0.34
2.64
ALTEX (Firsthand Alternative Energy Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Firsthand Alternative Energy Fund granted a 3.38% dividend yield in the last twelve months. The annual payout for that period amounted to $0.36 per share.


PeriodTTM2023202220212020201920182017
Dividend$0.36$0.36$0.00$0.00$0.00$0.70$0.00$0.02

Dividend yield

3.38%3.43%0.00%0.00%0.00%9.12%0.05%0.25%

Monthly Dividends

The table displays the monthly dividend distributions for Firsthand Alternative Energy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.36$0.36
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.70$0.70
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2017$0.02$0.02

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-40.00%-30.00%-20.00%-10.00%0.00%MayJuneJulyAugustSeptemberOctober
-32.66%
-0.92%
ALTEX (Firsthand Alternative Energy Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Firsthand Alternative Energy Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Firsthand Alternative Energy Fund was 74.58%, occurring on Nov 16, 2012. Recovery took 1944 trading sessions.

The current Firsthand Alternative Energy Fund drawdown is 32.66%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-74.58%Jan 4, 20081226Nov 16, 20121944Aug 10, 20203170
-48.05%Nov 15, 2021492Oct 30, 2023
-20.91%Feb 16, 202161May 12, 2021129Nov 12, 2021190
-9.27%Oct 21, 202011Nov 4, 202012Nov 20, 202023
-7.66%Sep 3, 20203Sep 8, 202015Sep 29, 202018

Volatility

Volatility Chart

The current Firsthand Alternative Energy Fund volatility is 8.06%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%MayJuneJulyAugustSeptemberOctober
8.06%
3.33%
ALTEX (Firsthand Alternative Energy Fund)
Benchmark (^GSPC)