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ALTEX vs. FDCPX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

ALTEX vs. FDCPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Firsthand Alternative Energy Fund (ALTEX) and Fidelity Select Tech Hardware Portfolio (FDCPX). The values are adjusted to include any dividend payments, if applicable.

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ALTEX vs. FDCPX - 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%
FDCPX
Fidelity Select Tech Hardware Portfolio
9.40%54.44%22.40%33.52%-28.63%23.68%46.07%40.15%-6.30%32.64%

Returns By Period

The year-to-date returns for both stocks are quite close, with ALTEX having a 9.56% return and FDCPX slightly lower at 9.40%. Over the past 10 years, ALTEX has underperformed FDCPX with an annualized return of 8.92%, while FDCPX has yielded a comparatively higher 21.61% 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%

FDCPX

1D
-2.61%
1M
-8.67%
YTD
9.40%
6M
14.21%
1Y
74.26%
3Y*
34.03%
5Y*
18.00%
10Y*
21.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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ALTEX vs. FDCPX - Expense Ratio Comparison

ALTEX has a 1.98% expense ratio, which is higher than FDCPX's 0.72% expense ratio.


Return for Risk

ALTEX vs. FDCPX — 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

FDCPX
FDCPX Risk / Return Rank: 9797
Overall Rank
FDCPX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
FDCPX Sortino Ratio Rank: 9696
Sortino Ratio Rank
FDCPX Omega Ratio Rank: 9494
Omega Ratio Rank
FDCPX Calmar Ratio Rank: 9898
Calmar Ratio Rank
FDCPX Martin Ratio Rank: 9898
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. FDCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Firsthand Alternative Energy Fund (ALTEX) and Fidelity Select Tech Hardware Portfolio (FDCPX). 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.


ALTEXFDCPXDifference

Sharpe ratio

Return per unit of total volatility

1.10

2.58

-1.48

Sortino ratio

Return per unit of downside risk

1.49

3.38

-1.89

Omega ratio

Gain probability vs. loss probability

1.23

1.49

-0.26

Calmar ratio

Return relative to maximum drawdown

1.31

4.85

-3.54

Martin ratio

Return relative to average drawdown

3.48

23.39

-19.91

ALTEX vs. FDCPX - Sharpe Ratio Comparison

The current ALTEX Sharpe Ratio is 1.10, which is lower than the FDCPX Sharpe Ratio of 2.58. The chart below compares the historical Sharpe Ratios of ALTEX and FDCPX, 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


ALTEXFDCPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.10

2.58

-1.48

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.06

0.82

-0.88

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.18

1.00

-0.83

Sharpe Ratio (All Time)

Calculated using the full available price history

0.03

0.51

-0.48

Correlation

The correlation between ALTEX and FDCPX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


Dividends

ALTEX vs. FDCPX - Dividend Comparison

ALTEX has not paid dividends to shareholders, while FDCPX's dividend yield for the trailing twelve months is around 13.15%.


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%
FDCPX
Fidelity Select Tech Hardware Portfolio
13.15%14.38%7.58%0.51%17.72%16.95%8.81%12.15%23.69%10.50%6.57%4.53%

Drawdowns

ALTEX vs. FDCPX - Drawdown Comparison

The maximum ALTEX drawdown since its inception was -75.48%, smaller than the maximum FDCPX drawdown of -81.96%. Use the drawdown chart below to compare losses from any high point for ALTEX and FDCPX.


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Drawdown Indicators


ALTEXFDCPXDifference

Max Drawdown

Largest peak-to-trough decline

-75.48%

-81.96%

+6.48%

Max Drawdown (1Y)

Largest decline over 1 year

-28.91%

-14.36%

-14.55%

Max Drawdown (5Y)

Largest decline over 5 years

-75.48%

-35.29%

-40.19%

Max Drawdown (10Y)

Largest decline over 10 years

-75.48%

-35.29%

-40.19%

Current Drawdown

Current decline from peak

-27.66%

-9.09%

-18.57%

Average Drawdown

Average peak-to-trough decline

-37.55%

-26.23%

-11.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.86%

2.98%

+7.88%

Volatility

ALTEX vs. FDCPX - Volatility Comparison

Firsthand Alternative Energy Fund (ALTEX) has a higher volatility of 11.76% compared to Fidelity Select Tech Hardware Portfolio (FDCPX) at 11.19%. This indicates that ALTEX's price experiences larger fluctuations and is considered to be riskier than FDCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


ALTEXFDCPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.76%

11.19%

+0.57%

Volatility (6M)

Calculated over the trailing 6-month period

32.97%

18.17%

+14.80%

Volatility (1Y)

Calculated over the trailing 1-year period

38.72%

28.72%

+10.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

67.75%

22.00%

+45.75%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

51.07%

21.59%

+29.48%