ALTEX vs. FATIX

Last updated Jun 4, 2026

ALTEX (Firsthand Alternative Energy Fund) and FATIX (Fidelity Advisor Technology Fund Class I) are both Technology Equities funds. A 0.70 correlation means they provide meaningful diversification when combined. ALTEX charges 1.98%/yr vs 0.71%/yr for FATIX.

Performance

ALTEX vs. FATIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Firsthand Alternative Energy Fund (ALTEX) and Fidelity Advisor Technology Fund Class I (FATIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ALTEX

• 1D: 6.08%
• 1M: 7.97%
• YTD: 66.80%
• 6M: 37.64%
• 1Y: 87.90%
• 3Y*: 15.23%
• 5Y*: 5.82%
• 10Y*: 14.28%

FATIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALTEX vs. FATIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALTEX Firsthand Alternative Energy Fund	66.80%	6.62%	-6.79%	-2.31%	-18.26%	-5.09%	83.88%	55.04%	-18.56%	27.35%
FATIX Fidelity Advisor Technology Fund Class I	0.00%	24.65%	35.36%	59.71%	-36.01%	27.59%	64.34%	50.99%	-8.24%	49.83%

Correlation

The correlation between ALTEX and FATIX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Oct 31, 2007	0.70

Over the past year, the correlation between ALTEX and FATIX has dropped to 0.38 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

Return for Risk

ALTEX vs. FATIX — Risk / Return Rank

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

ALTEX

ALTEX Risk / Return Rank: 56
ALTEX Sharpe Ratio Rank: 70
ALTEX Sortino Ratio Rank: 40
ALTEX Omega Ratio Rank: 53
ALTEX Calmar Ratio Rank: 74
ALTEX Martin Ratio Rank: 42

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. FATIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Firsthand Alternative Energy Fund (ALTEX) and Fidelity Advisor Technology Fund Class I (FATIX). 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.

	ALTEX	FATIX	Difference
Sharpe ratio: Return per unit of total volatility	2.44	—	—
Sortino ratio: Return per unit of downside risk	2.66	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	3.37	—	—
Martin ratio: Return relative to average drawdown	8.88	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ALTEX	FATIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.44	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	—	—

Drawdowns

Drawdown Indicators

	ALTEX	FATIX	Difference
Max Drawdown Largest peak-to-trough decline	-75.48%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-28.91%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-68.78%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-75.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-75.48%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-37.26%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	10.75%	—	—

Volatility

Volatility by Period

	ALTEX	FATIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.09%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	39.96%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.12%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.36%	—	—

ALTEX vs. FATIX - Expense Ratio Comparison

ALTEX has a 1.98% expense ratio, which is higher than FATIX's 0.71% expense ratio.

Dividends

ALTEX vs. FATIX - Dividend Comparison

ALTEX has not paid dividends to shareholders, while FATIX's dividend yield for the trailing twelve months is around 9.75%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
FATIX Fidelity Advisor Technology Fund Class I	9.75%	9.75%	7.19%	3.74%	3.32%	11.43%	7.31%	2.50%	22.35%	7.93%	1.52%	4.46%

Frequently Asked Questions

Can I hold both ALTEX and FATIX in my portfolio?

ALTEX and FATIX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.