ALTEX vs. FATIX
Compare and contrast key facts about Firsthand Alternative Energy Fund (ALTEX) and Fidelity Advisor Technology Fund Class I (FATIX).
ALTEX is managed by Firsthand Funds. It was launched on Oct 28, 2007. FATIX is managed by Fidelity. It was launched on Sep 3, 1996.
Performance
ALTEX vs. FATIX - Performance Comparison
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ALTEX vs. FATIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Returns By Period
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%
FATIX
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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ALTEX vs. FATIX - Expense Ratio Comparison
ALTEX has a 1.98% expense ratio, which is higher than FATIX's 0.71% expense ratio.
Return for Risk
ALTEX vs. FATIX — Risk / Return Rank
ALTEX
FATIX
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 ratioReturn per unit of total volatility | 1.10 | — | — |
Sortino ratioReturn per unit of downside risk | 1.49 | — | — |
Omega ratioGain probability vs. loss probability | 1.23 | — | — |
Calmar ratioReturn relative to maximum drawdown | 1.31 | — | — |
Martin ratioReturn relative to average drawdown | 3.48 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALTEX | FATIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | — | — |
Correlation
The correlation between ALTEX and FATIX is 0.70, 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. FATIX - Dividend Comparison
ALTEX has not paid dividends to shareholders, while FATIX's dividend yield for the trailing twelve months is around 9.75%.
| 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% |
Drawdowns
ALTEX vs. FATIX - Drawdown Comparison
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Drawdown Indicators
| ALTEX | FATIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.48% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -28.91% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -75.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -75.48% | — | — |
Current DrawdownCurrent decline from peak | -27.66% | — | — |
Average DrawdownAverage peak-to-trough decline | -37.55% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.86% | — | — |
Volatility
ALTEX vs. FATIX - Volatility Comparison
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Volatility by Period
| ALTEX | FATIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.76% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 32.97% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 38.72% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.75% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.07% | — | — |