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Firsthand Technology Opportunities Fund (TEFQX) Sharpe Ratio: 0.27

Mutual Fund · Currency in USD · Last updated Jun 26, 2026

The fund invests at least 80% of the assets in high-technology companies. The adviser considers a high-technology company to be one that employs a relatively high degree of engineering and/or scientific intensity to deliver its products or services. It may purchase stocks of small-, mid-, and large-cap companies. Due to the fund's focus on emerging opportunities within the technology sector, its investments tend to include younger companies with market capitalizations in the small- or mid-cap categories.

TEFQX's Sharpe Ratio of 0.27 indicates that for each unit of volatility, it generates 0.27 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 26, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

TEFQX Sharpe Ratio Rank

TEFQX Sharpe Ratio Rank: 5.76
Concerning

TEFQX ranks above 5.7% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

TEFQX Sharpe Ratio Market Positioning

The chart shows TEFQX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 1.16 or lower
  • Yellow zone (middle 50%): 1.16 to 2.07
  • Green zone (top 25%): 2.07 or higher
  • Top 1%: 3.99+
  • Median: 1.68 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Firsthand Technology Opportunities Fund's Sharpe Ratio with other mutual funds in the Technology Equities category across multiple time periods, showing how TEFQX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 26, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
FDCPXFidelity Select Tech Hardware Portfolio4.86
ARKVXARK Venture Fund4.23
CCOYXColumbia Seligman Technology and Information Fund Institutional 3 Class3.94
SCMIXColumbia Seligman Technology and Information Fund Institutional 2 Class3.93
SLMCXColumbia Seligman Technology and Information Fund3.91
RYSIXRydex Electronics Fund3.83
FIKGXFidelity Advisor Semiconductors Fund Class Z3.73
FELIXFidelity Advisor Semiconductors Fund Class I3.72
SHGTXColumbia Seligman Global Technology Fund3.71
FELAXFidelity Advisor Semiconductors Fund Class A3.71
TEFQXFirsthand Technology Opportunities Fund0.27

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows TEFQX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when TEFQX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does TEFQX fit in your portfolio?

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