- ISIN
- US3379415041
- CUSIP
- 337941504
- Issuer
- Firsthand Funds
- Inception Date
- Sep 29, 1999
- 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
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Performance
TEFQX Performance Chart
Firsthand Technology Opportunities Fund (TEFQX) is up 12.8% since the beginning of the year. TEFQX is currently trading at $6 per share. Investors who bought $1,000 worth of TEFQX shares 5 years ago would now be looking at an investment worth $410.
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Returns By Period
Firsthand Technology Opportunities Fund (TEFQX) has returned 12.80% so far this year and 23.06% over the past 12 months. Over the last ten years, TEFQX has returned 6.74% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Firsthand Technology Opportunities Fund
- 1D
- 2.97%
- 1M
- -5.61%
- YTD
- 12.80%
- 6M
- 7.98%
- 1Y
- 23.06%
- 3Y*
- 5.48%
- 5Y*
- -16.34%
- 10Y*
- 6.74%
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%
TEFQX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2000, TEFQX's average daily return is +0.03%, while the average monthly return is +0.43%. At this rate, an investment would double in approximately 13.5 years.
Historically, 55% of months were positive and 45% were negative. The best month was Oct 2001 with a return of +30.9%, while the worst month was Feb 2001 at -35.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.
On a daily basis, TEFQX closed higher 50% of trading days. The best single day was Mar 14, 2025 with a return of +130.1%, while the worst single day was Mar 17, 2025 at -53.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -4.67% | -5.12% | -6.07% | 22.97% | 19.46% | -9.61% | 12.80% | ||||||
| 2025 | 8.44% | -5.84% | -6.20% | 10.47% | 7.73% | 11.11% | 5.00% | 0.60% | 3.16% | 5.93% | -14.26% | 3.58% | 29.82% |
| 2024 | -4.94% | -6.71% | -5.80% | -9.11% | -2.17% | -1.66% | -1.41% | 3.14% | -0.00% | -1.39% | 11.24% | -4.29% | -22.02% |
| 2023 | 10.51% | 2.43% | -1.78% | -13.68% | 6.06% | 2.86% | 14.74% | -12.85% | -10.26% | -8.33% | 19.48% | 7.68% | 10.81% |
| 2022 | -17.59% | -0.94% | 1.60% | -22.64% | -12.69% | -13.36% | 6.85% | -0.34% | -10.46% | -3.21% | 3.32% | -13.82% | -60.11% |
| 2021 | 3.89% | 2.63% | -11.07% | 3.91% | -3.24% | 18.12% | -2.34% | -3.49% | -8.33% | 8.00% | -12.83% | -8.80% | -16.48% |
Benchmark Metrics
Firsthand Technology Opportunities Fund has an annualized alpha of -1.32%, beta of 1.21, and R2 of 0.30 versus S&P 500 Index. Calculated based on daily prices since January 03, 2000.
- This fund participated in 152.48% of S&P 500 Index downside but only 143.89% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.30 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
- -1.32%
- Beta
- 1.21
- R²
- 0.30
- Upside Capture
- 143.89%
- Downside Capture
- 152.48%
Expense Ratio
TEFQX has a high expense ratio of 1.85%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TEFQX ranks 8 for risk / return — in the bottom 8% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Firsthand Technology Opportunities Fund (TEFQX) 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.
| TEFQX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.37 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | 2.78 | -2.00 |
| Martin ratioReturn relative to average drawdown | 1.95 | 12.44 | -10.49 |
Dividends
Dividend History
Firsthand Technology Opportunities 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 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.09 | $2.45 | $1.16 | $3.30 | $0.70 | $0.00 | $0.00 | $1.78 |
Dividend yield | 0.00% | 0.00% | 0.00% | 1.91% | 54.72% | 6.88% | 15.27% | 5.54% | 0.00% | 0.00% | 27.74% |
Monthly Dividends
The table displays the monthly dividend distributions for Firsthand Technology Opportunities 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 | $0.00 | $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 | $0.09 | $0.09 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.45 | $2.45 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.16 | $1.16 |
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 Firsthand Technology Opportunities 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 Technology Opportunities Fund was 92.33%, occurring on Oct 7, 2002. Recovery took 4138 trading sessions.
The current Firsthand Technology Opportunities Fund drawdown is 65.06%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Dot-com crash2000–2002 | -92.33%Oct 2002 | 2y 6mo | 16y 5mo | 19y 9dMar 2000 - Mar 2019 |
2024 bear market2024 | -80.17%Aug 2024 | 3y 5mo | — | 5y 4moFeb 2021 - now |
COVID crash2020 | -29.78%Mar 2020 | 25d | 2mo 17d | 3mo 12dFeb 2020 - Jun 2020 |
2019 correction2019 | -13.10%Oct 2019 | 2mo 5d | 3mo 9d | 5mo 14dJul 2019 - Jan 2020 |
2020 correction2020 | -12.99%Sep 2020 | 8d | 26d | 1mo 4dSep 2020 - Oct 2020 |
Drawdown Indicators
| TEFQX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.33% | -56.78% | -35.55% |
Max Drawdown (1Y)Largest decline over 1 year | -29.26% | -9.10% | -20.16% |
Max Drawdown (3Y)Largest decline over 3 years | -61.62% | -18.90% | -42.72% |
Max Drawdown (5Y)Largest decline over 5 years | -79.25% | -25.43% | -53.82% |
Max Drawdown (10Y)Largest decline over 10 years | -80.17% | -33.92% | -46.25% |
Current DrawdownCurrent decline from peak | -65.06% | -1.80% | -63.26% |
Average DrawdownAverage peak-to-trough decline | -60.13% | -10.71% | -49.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.62% | 2.03% | +9.59% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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