ALTEX vs. FATIX

Last updated Jun 24, 2026

ALTEX (Firsthand Alternative Energy Fund) and FATIX (Fidelity Advisor Technology Fund Class I) are both Technology Equities funds. A 0.69 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: 2.41%
• 1M: 2.85%
• YTD: 67.19%
• 6M: 61.77%
• 1Y: 83.66%
• 3Y*: 16.68%
• 5Y*: 4.79%
• 10Y*: 14.83%

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	67.19%	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 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Oct 30, 2007	0.69

Over the past year, the correlation between ALTEX and FATIX has dropped to 0.36 - well below their long-term average of 0.69, 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: 53
ALTEX Sharpe Ratio Rank: 64
ALTEX Sortino Ratio Rank: 40
ALTEX Omega Ratio Rank: 53
ALTEX Calmar Ratio Rank: 71
ALTEX Martin Ratio Rank: 40

FATIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

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.

	ALTEX	FATIX	Difference
Sharpe ratio: Return per unit of total volatility	2.16	—	—
Sortino ratio: Return per unit of downside risk	2.44	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	3.09	—	—
Martin ratio: Return relative to average drawdown	8.07	—	—

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	-37.17%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	10.88%	—	—

Volatility

Volatility by Period

	ALTEX	FATIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	28.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	41.38%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.37%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.51%	—	—

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

Neither ALTEX nor FATIX has paid dividends to shareholders.

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 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.