ALTEX vs. FELIX
Compare and contrast key facts about Firsthand Alternative Energy Fund (ALTEX) and Fidelity Advisor Semiconductors Fund Class I (FELIX).
ALTEX is managed by Firsthand Funds. It was launched on Oct 28, 2007. FELIX is managed by Fidelity. It was launched on Dec 27, 2000.
Performance
ALTEX vs. FELIX - Performance Comparison
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ALTEX vs. FELIX - 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% |
FELIX Fidelity Advisor Semiconductors Fund Class I | 0.34% | 45.25% | 44.10% | 75.49% | -34.88% | 57.89% | 44.02% | 64.21% | -12.52% | 34.54% |
Returns By Period
In the year-to-date period, ALTEX achieves a 9.56% return, which is significantly higher than FELIX's 0.34% return. Over the past 10 years, ALTEX has underperformed FELIX with an annualized return of 8.92%, while FELIX has yielded a comparatively higher 29.99% 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%
FELIX
- 1D
- -4.25%
- 1M
- -9.99%
- YTD
- 0.34%
- 6M
- 8.31%
- 1Y
- 77.58%
- 3Y*
- 38.40%
- 5Y*
- 28.12%
- 10Y*
- 29.99%
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ALTEX vs. FELIX - Expense Ratio Comparison
ALTEX has a 1.98% expense ratio, which is higher than FELIX's 0.75% expense ratio.
Return for Risk
ALTEX vs. FELIX — Risk / Return Rank
ALTEX
FELIX
ALTEX vs. FELIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Firsthand Alternative Energy Fund (ALTEX) and Fidelity Advisor Semiconductors Fund Class I (FELIX). 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 | FELIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.94 | -0.84 |
Sortino ratioReturn per unit of downside risk | 1.49 | 2.55 | -1.06 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.36 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 4.18 | -2.88 |
Martin ratioReturn relative to average drawdown | 3.48 | 15.94 | -12.46 |
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 | FELIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.94 | -0.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.75 | -0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.88 | -0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.40 | -0.37 |
Correlation
The correlation between ALTEX and FELIX is 0.71, 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. FELIX - Dividend Comparison
ALTEX has not paid dividends to shareholders, while FELIX's dividend yield for the trailing twelve months is around 6.49%.
| 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% |
FELIX Fidelity Advisor Semiconductors Fund Class I | 6.49% | 6.51% | 6.44% | 3.15% | 3.09% | 4.14% | 4.43% | 1.04% | 19.34% | 9.50% | 0.55% | 10.37% |
Drawdowns
ALTEX vs. FELIX - Drawdown Comparison
The maximum ALTEX drawdown since its inception was -75.48%, which is greater than FELIX's maximum drawdown of -71.17%. Use the drawdown chart below to compare losses from any high point for ALTEX and FELIX.
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Drawdown Indicators
| ALTEX | FELIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.48% | -71.17% | -4.31% |
Max Drawdown (1Y)Largest decline over 1 year | -28.91% | -17.09% | -11.82% |
Max Drawdown (5Y)Largest decline over 5 years | -75.48% | -46.02% | -29.46% |
Max Drawdown (10Y)Largest decline over 10 years | -75.48% | -46.02% | -29.46% |
Current DrawdownCurrent decline from peak | -27.66% | -14.65% | -13.01% |
Average DrawdownAverage peak-to-trough decline | -37.55% | -21.27% | -16.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.86% | 4.49% | +6.37% |
Volatility
ALTEX vs. FELIX - Volatility Comparison
Firsthand Alternative Energy Fund (ALTEX) has a higher volatility of 11.76% compared to Fidelity Advisor Semiconductors Fund Class I (FELIX) at 10.51%. This indicates that ALTEX's price experiences larger fluctuations and is considered to be riskier than FELIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALTEX | FELIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.76% | 10.51% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 32.97% | 24.76% | +8.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.72% | 39.67% | -0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.75% | 37.96% | +29.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.07% | 34.34% | +16.73% |