- ISIN
- US3379418276
- CUSIP
- 337941827
- Issuer
- Firsthand Funds
- Inception Date
- Oct 28, 2007
- Category
- Technology Equities
- Min. Investment
- $2,000
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
ALTEX Performance Chart
Firsthand Alternative Energy Fund (ALTEX) is up 63.3% since the beginning of the year. ALTEX is currently trading at $17 per share. Investors who bought $1,000 worth of ALTEX shares 5 years ago would now be looking at an investment worth $1,252.
Loading charts...
Returns By Period
Firsthand Alternative Energy Fund (ALTEX) has returned 63.25% so far this year and 80.70% over the past 12 months. Over the last decade, ALTEX has posted an annualized return of 14.08%, slightly higher than the S&P 500 Index benchmark’s 13.88%.
Firsthand Alternative Energy Fund
- 1D
- 5.41%
- 1M
- 0.42%
- YTD
- 63.25%
- 6M
- 57.36%
- 1Y
- 80.70%
- 3Y*
- 13.92%
- 5Y*
- 4.59%
- 10Y*
- 14.08%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ALTEX Monthly Returns History
Based on dividend-adjusted daily data since Oct 30, 2007, ALTEX's average daily return is +0.04%, while the average monthly return is +0.64%. At this rate, an investment would double in approximately 9.1 years.
Historically, 52% of months were positive and 48% were negative. The best month was Apr 2026 with a return of +33.3%, 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 16.75% | 4.47% | -5.25% | 33.33% | 3.77% | 2.09% | 63.25% | ||||||
| 2025 | 1.58% | -13.65% | -5.87% | 0.64% | 11.88% | 7.80% | 11.74% | 0.75% | 13.87% | 10.96% | -11.13% | -15.84% | 6.62% |
| 2024 | -13.80% | 6.83% | -0.00% | -3.77% | 17.76% | -5.46% | 2.84% | 0.67% | 1.98% | -8.43% | 3.34% | -5.42% | -6.79% |
| 2023 | 9.85% | -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% |
| 2021 | 7.28% | -2.24% | -2.90% | -4.03% | -2.32% | 7.56% | -3.99% | 0.50% | -4.78% | 13.49% | -2.11% | -9.45% | -5.09% |
Benchmark Metrics
Firsthand Alternative Energy Fund has an annualized alpha of 0.19%, beta of 1.04, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since October 30, 2007.
- This fund participated in 133.77% of S&P 500 Index downside but only 117.00% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.25 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.
- Alpha
- 0.19%
- Beta
- 1.04
- R²
- 0.25
- Upside Capture
- 117.00%
- Downside Capture
- 133.77%
Expense Ratio
ALTEX has a high expense ratio of 1.98%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ALTEX ranks 48 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Firsthand Alternative Energy Fund (ALTEX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALTEX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 2.78 | +0.11 |
| Martin ratioReturn relative to average drawdown | 7.56 | 12.44 | -4.88 |
Dividends
Dividend History
Firsthand Alternative Energy Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.14 | $0.36 | $0.00 | $0.00 | $0.00 | $0.70 | $0.00 | $0.02 |
Dividend yield | 0.00% | 0.00% | 1.50% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $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 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 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 |
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.
Loading charts...
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 75.48%, occurring on Mar 14, 2025. Recovery took 273 trading sessions.
The current Firsthand Alternative Energy Fund drawdown is 2.13%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -75.48%Mar 2025 | 3y 4mo | 1y 1mo | 4y 5moNov 2021 - Apr 2026 |
2012 bear market2012 | -74.58%Nov 2012 | 4y 10mo | 7y 8mo | 12y 7moJan 2008 - Aug 2020 |
2021 bear market2021 | -20.91%May 2021 | 3mo 2d | 6mo 4d | 9mo 6dFeb 2021 - Nov 2021 |
2026 correction2026 | -14.00%Jun 2026 | 7d | — | 20d 14hJun 2026 - now |
2020 pullback2020 | -9.27%Nov 2020 | 14d | 16d | 1moOct 2020 - Nov 2020 |
Drawdown Indicators
| ALTEX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.48% | -56.78% | -18.70% |
Max Drawdown (1Y)Largest decline over 1 year | -28.91% | -9.10% | -19.81% |
Max Drawdown (3Y)Largest decline over 3 years | -68.78% | -18.90% | -49.88% |
Max Drawdown (5Y)Largest decline over 5 years | -75.48% | -25.43% | -50.05% |
Max Drawdown (10Y)Largest decline over 10 years | -75.48% | -33.92% | -41.56% |
Current DrawdownCurrent decline from peak | -2.13% | -1.80% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -37.18% | -10.71% | -26.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.88% | 2.03% | +8.85% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with ALTEX
Add Firsthand Alternative Energy Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with ALTEX