- ISIN
- US8034316914
- CUSIP
- 803431691
- Issuer
- Saratoga
- Inception Date
- Oct 21, 1997
- Category
- Technology Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
STPAX Performance Chart
Saratoga Technology & Communications Portfolio (STPAX) is up 4.0% since the beginning of the year. STPAX is currently trading at $21 per share. Investors who bought $1,000 worth of STPAX shares 5 years ago would now be looking at an investment worth $1,451.
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Returns By Period
Saratoga Technology & Communications Portfolio (STPAX) has returned 4.03% so far this year and 11.59% over the past 12 months. Looking at the last ten years, STPAX has achieved an annualized return of 15.40%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
Saratoga Technology & Communications Portfolio
- 1D
- 2.05%
- 1M
- -1.88%
- 6M
- 5.10%
- YTD
- 4.03%
- 1Y
- 11.59%
- 3Y*
- 16.19%
- 5Y*
- 7.73%
- 10Y*
- 15.40%
- ALL TIME*
- 7.11%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
STPAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1998, STPAX's average daily return is +0.04%, while the average monthly return is +0.91%. At this rate, an investment would double in approximately 6.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was Feb 2000 with a return of +35.2%, while the worst month was Nov 2000 at -54.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, STPAX closed higher 53% of trading days. The best single day was Jan 3, 2001 with a return of +17.3%, while the worst single day was Nov 17, 2000 at -35.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.02% | -5.14% | -4.55% | 13.37% | 8.83% | -1.75% | -4.24% | 4.03% | |||||
| 2025 | 4.14% | -5.08% | -7.16% | -0.10% | 8.66% | 7.20% | 4.01% | -0.95% | 3.63% | 3.50% | -2.04% | 0.53% | 16.20% |
| 2024 | 3.16% | 5.82% | 2.61% | -5.82% | 3.28% | 5.28% | -1.73% | -0.18% | 2.85% | -0.26% | 4.67% | -0.66% | 20.02% |
| 2023 | 10.40% | -3.16% | 8.13% | 0.47% | 6.36% | 4.49% | 3.92% | 0.71% | -4.96% | -1.23% | 10.41% | 3.57% | 45.01% |
| 2022 | -6.12% | -6.07% | 2.73% | -11.87% | -1.25% | -9.07% | 10.62% | -5.21% | -11.91% | 4.56% | 5.64% | -6.89% | -31.89% |
| 2021 | -0.04% | 1.88% | 2.61% | 5.05% | -1.50% | 4.26% | 2.08% | 3.19% | -6.84% | 3.71% | -1.23% | 2.84% | 16.54% |
Benchmark Metrics
Saratoga Technology & Communications Portfolio has an annualized alpha of 0.43%, beta of 1.16, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since January 02, 1998.
- This fund captured 141.94% of S&P 500 Index gains and 133.48% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Alpha
- 0.43%
- Beta
- 1.16
- R²
- 0.64
- Upside Capture
- 141.94%
- Downside Capture
- 133.48%
Expense Ratio
STPAX has a high expense ratio of 2.53%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
STPAX ranks 11 for risk / return — above 11% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Saratoga Technology & Communications Portfolio (STPAX) 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.
| STPAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.19 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.25 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | 2.00 | -1.41 |
| Martin ratioReturn relative to average drawdown | 1.76 | 8.49 | -6.73 |
Dividends
Dividend History
Saratoga Technology & Communications Portfolio provided a 16.63% dividend yield over the last twelve months, with an annual payout of $3.57 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.57 | $3.57 | $2.89 | $1.50 | $3.30 | $3.64 | $3.64 | $2.90 | $0.88 | $1.59 | $1.50 | $1.90 |
Dividend yield | 16.63% | 17.30% | 13.90% | 7.63% | 22.55% | 13.94% | 14.21% | 12.52% | 4.84% | 8.32% | 9.28% | 12.58% |
Monthly Dividends
The table displays the monthly dividend distributions for Saratoga Technology & Communications Portfolio. 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 | $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 | $3.57 | $3.57 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.89 | $2.89 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.50 | $1.50 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.30 | $3.30 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.64 | $3.64 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Saratoga Technology & Communications Portfolio. 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 Saratoga Technology & Communications Portfolio was 94.25%, occurring on Oct 9, 2002. Recovery took 5398 trading sessions.
The current Saratoga Technology & Communications Portfolio drawdown is 7.82%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-94.25%Oct 2002 | 2y 7mo | 21y 5mo | 24y 17dMar 2000 - Mar 2024 | Dot-com crash2000–2002 |
-30.83%Oct 1998 | 2mo 19d | 2mo 29d | 5mo 18dJul 1998 - Jan 1999 | — |
-22.78%Apr 2025 | 1mo 18d | 2mo 19d | 4mo 7dFeb 2025 - Jun 2025 | 2025 selloff2025 |
-15.49%Mar 2026 | 5mo 1d | 1mo 5d | 6mo 6dOct 2025 - May 2026 | — |
-14.92%Aug 1999 | 22d | 24d | 1mo 16dJul 1999 - Sep 1999 | — |
Drawdown Indicators
| STPAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.25% | -56.78% | -37.47% |
Max Drawdown (1Y)Largest decline over 1 year | -15.49% | -9.10% | -6.39% |
Max Drawdown (3Y)Largest decline over 3 years | -22.78% | -18.90% | -3.88% |
Max Drawdown (5Y)Largest decline over 5 years | -37.07% | -25.43% | -11.64% |
Max Drawdown (10Y)Largest decline over 10 years | -37.07% | -33.92% | -3.15% |
Current DrawdownCurrent decline from peak | -7.82% | -1.58% | -6.24% |
Average DrawdownAverage peak-to-trough decline | -58.46% | -10.70% | -47.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.18% | 2.14% | +3.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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