Firsthand Alternative Energy Fund (ALTEX)

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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.

Firsthand Alternative Energy Fund (ALTEX) has returned 9.56% so far this year and 41.48% over the past 12 months. Over the last ten years, ALTEX has returned 8.92% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Oct 30, 2007, ALTEX's average daily return is +0.04%, while the average monthly return is +0.45%. At this rate, your investment would double in approximately 12.9 years.

Historically, 51% of months were positive and 49% were negative. The best month was Jul 2022 with a return of +23.5%, while the worst month was Oct 2008 at -27.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, ALTEX closed higher 50% of trading days. The best single day was Mar 17, 2025 with a return of +121.0%, while the worst single day was Mar 14, 2025 at -53.3%.

Firsthand Alternative Energy Fund has an annualized alpha of -1.09%, beta of 1.04, and R² of 0.24 versus S&P 500 Index. Calculated based on daily prices since October 31, 2007.

• This fund participated in 134.43% of S&P 500 Index downside but only 112.52% of its upside — more exposed to losses than it benefited from rallies.
• R² of 0.24 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

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

ALTEX ranks 50 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Firsthand Alternative Energy Fund (ALTEX) and compare them to a chosen benchmark (S&P 500 Index).

Firsthand Alternative Energy Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.

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.

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.

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 75.48%, occurring on Mar 14, 2025. The portfolio has not yet recovered.

The current Firsthand Alternative Energy Fund drawdown is 27.66%.

The chart below shows the rolling one-month volatility.