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ALTEX vs. BOGSX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

ALTEX vs. BOGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Firsthand Alternative Energy Fund (ALTEX) and Black Oak Emerging Technology Fund (BOGSX). The values are adjusted to include any dividend payments, if applicable.

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ALTEX vs. BOGSX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
ALTEX
Firsthand Alternative Energy Fund
9.56%6.62%-6.79%-2.31%-18.26%-5.09%83.88%55.04%-18.56%27.35%
BOGSX
Black Oak Emerging Technology Fund
-1.72%19.06%9.25%17.79%-27.30%26.89%45.16%38.20%-4.94%19.05%

Returns By Period

In the year-to-date period, ALTEX achieves a 9.56% return, which is significantly higher than BOGSX's -1.72% return. Over the past 10 years, ALTEX has underperformed BOGSX with an annualized return of 8.92%, while BOGSX has yielded a comparatively higher 13.86% annualized return.


ALTEX

1D
-4.06%
1M
-10.18%
YTD
9.56%
6M
-9.08%
1Y
41.48%
3Y*
-1.40%
5Y*
-4.12%
10Y*
8.92%

BOGSX

1D
-1.48%
1M
-6.64%
YTD
-1.72%
6M
-0.71%
1Y
24.96%
3Y*
10.34%
5Y*
5.28%
10Y*
13.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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ALTEX vs. BOGSX - Expense Ratio Comparison

ALTEX has a 1.98% expense ratio, which is higher than BOGSX's 1.03% expense ratio.


Return for Risk

ALTEX vs. BOGSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALTEX
ALTEX Risk / Return Rank: 5252
Overall Rank
ALTEX Sharpe Ratio Rank: 6161
Sharpe Ratio Rank
ALTEX Sortino Ratio Rank: 5555
Sortino Ratio Rank
ALTEX Omega Ratio Rank: 5858
Omega Ratio Rank
ALTEX Calmar Ratio Rank: 5555
Calmar Ratio Rank
ALTEX Martin Ratio Rank: 3232
Martin Ratio Rank

BOGSX
BOGSX Risk / Return Rank: 5757
Overall Rank
BOGSX Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
BOGSX Sortino Ratio Rank: 5555
Sortino Ratio Rank
BOGSX Omega Ratio Rank: 4848
Omega Ratio Rank
BOGSX Calmar Ratio Rank: 7272
Calmar Ratio Rank
BOGSX Martin Ratio Rank: 6161
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALTEX vs. BOGSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Firsthand Alternative Energy Fund (ALTEX) and Black Oak Emerging Technology Fund (BOGSX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


ALTEXBOGSXDifference

Sharpe ratio

Return per unit of total volatility

1.10

0.95

+0.16

Sortino ratio

Return per unit of downside risk

1.49

1.47

+0.03

Omega ratio

Gain probability vs. loss probability

1.23

1.20

+0.03

Calmar ratio

Return relative to maximum drawdown

1.31

1.65

-0.34

Martin ratio

Return relative to average drawdown

3.48

5.85

-2.37

ALTEX vs. BOGSX - Sharpe Ratio Comparison

The current ALTEX Sharpe Ratio is 1.10, which is comparable to the BOGSX Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of ALTEX and BOGSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


ALTEXBOGSXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.10

0.95

+0.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.06

0.21

-0.27

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.18

0.57

-0.39

Sharpe Ratio (All Time)

Calculated using the full available price history

0.03

0.06

-0.02

Correlation

The correlation between ALTEX and BOGSX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


Dividends

ALTEX vs. BOGSX - Dividend Comparison

ALTEX has not paid dividends to shareholders, while BOGSX's dividend yield for the trailing twelve months is around 5.86%.


TTM20252024202320222021202020192018201720162015
ALTEX
Firsthand Alternative Energy Fund
0.00%0.00%1.50%3.43%0.00%0.00%0.00%9.12%0.05%0.25%0.00%0.00%
BOGSX
Black Oak Emerging Technology Fund
5.86%5.76%7.96%3.79%1.87%11.31%6.30%5.47%11.71%7.71%4.00%3.09%

Drawdowns

ALTEX vs. BOGSX - Drawdown Comparison

The maximum ALTEX drawdown since its inception was -75.48%, smaller than the maximum BOGSX drawdown of -92.80%. Use the drawdown chart below to compare losses from any high point for ALTEX and BOGSX.


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Drawdown Indicators


ALTEXBOGSXDifference

Max Drawdown

Largest peak-to-trough decline

-75.48%

-92.80%

+17.32%

Max Drawdown (1Y)

Largest decline over 1 year

-28.91%

-12.77%

-16.14%

Max Drawdown (5Y)

Largest decline over 5 years

-75.48%

-33.93%

-41.55%

Max Drawdown (10Y)

Largest decline over 10 years

-75.48%

-33.93%

-41.55%

Current Drawdown

Current decline from peak

-27.66%

-10.20%

-17.46%

Average Drawdown

Average peak-to-trough decline

-37.55%

-59.36%

+21.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.86%

3.60%

+7.26%

Volatility

ALTEX vs. BOGSX - Volatility Comparison

Firsthand Alternative Energy Fund (ALTEX) has a higher volatility of 11.76% compared to Black Oak Emerging Technology Fund (BOGSX) at 7.10%. This indicates that ALTEX's price experiences larger fluctuations and is considered to be riskier than BOGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


ALTEXBOGSXDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.76%

7.10%

+4.66%

Volatility (6M)

Calculated over the trailing 6-month period

32.97%

16.64%

+16.33%

Volatility (1Y)

Calculated over the trailing 1-year period

38.72%

25.96%

+12.76%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

67.75%

25.14%

+42.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

51.07%

24.44%

+26.63%