ALTEX vs. PRGTX

Last updated Jun 23, 2026

ALTEX (Firsthand Alternative Energy Fund) and PRGTX (T. Rowe Price Global Technology Fund) are both Technology Equities funds. Over the past 10 years, ALTEX returned 14.08%/yr vs 19.64%/yr for PRGTX. A 0.71 correlation means they provide meaningful diversification when combined. ALTEX charges 1.98%/yr vs 0.95%/yr for PRGTX.

Performance

ALTEX vs. PRGTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Firsthand Alternative Energy Fund (ALTEX) and T. Rowe Price Global Technology Fund (PRGTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALTEX achieves a 63.25% return, which is significantly higher than PRGTX's 41.85% return. Over the past 10 years, ALTEX has underperformed PRGTX with an annualized return of 14.08%, while PRGTX has yielded a comparatively higher 19.64% annualized return.

ALTEX

• 1D: 5.41%
• 1M: 0.42%
• YTD: 63.25%
• 6M: 57.36%
• 1Y: 80.70%
• 3Y*: 13.92%
• 5Y*: 4.59%
• 10Y*: 14.08%

PRGTX

• 1D: 4.32%
• 1M: 6.93%
• YTD: 41.85%
• 6M: 43.19%
• 1Y: 74.68%
• 3Y*: 38.16%
• 5Y*: 9.93%
• 10Y*: 19.64%

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

ALTEX vs. PRGTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALTEX Firsthand Alternative Energy Fund	63.25%	6.62%	-6.79%	-2.31%	-18.26%	-5.09%	83.88%	55.04%	-18.56%	27.35%
PRGTX T. Rowe Price Global Technology Fund	41.85%	27.28%	33.12%	55.92%	-55.53%	8.85%	75.77%	34.22%	-10.07%	47.09%

Correlation

The correlation between ALTEX and PRGTX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Oct 30, 2007	0.71

The correlation between ALTEX and PRGTX has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.

Return for Risk

ALTEX vs. PRGTX — Risk / Return Rank

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

ALTEX

ALTEX Risk / Return Rank: 48
ALTEX Sharpe Ratio Rank: 56
ALTEX Sortino Ratio Rank: 36
ALTEX Omega Ratio Rank: 48
ALTEX Calmar Ratio Rank: 62
ALTEX Martin Ratio Rank: 36

PRGTX

PRGTX Risk / Return Rank: 87
PRGTX Sharpe Ratio Rank: 92
PRGTX Sortino Ratio Rank: 77
PRGTX Omega Ratio Rank: 80
PRGTX Calmar Ratio Rank: 96
PRGTX Martin Ratio Rank: 91

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. PRGTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Firsthand Alternative Energy Fund (ALTEX) and T. Rowe Price Global Technology Fund (PRGTX). 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	PRGTX	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.86	-0.83
Sortino ratio: Return per unit of downside risk	2.33	3.36	-1.03
Omega ratio: Gain probability vs. loss probability	1.35	1.48	-0.13
Calmar ratio: Return relative to maximum drawdown	2.89	5.69	-2.79
Martin ratio: Return relative to average drawdown	7.56	16.90	-9.34

ALTEX vs. PRGTX - Sharpe Ratio Comparison

The current ALTEX Sharpe Ratio is 2.03, which is comparable to the PRGTX Sharpe Ratio of 2.86. The chart below compares the historical Sharpe Ratios of ALTEX and PRGTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ALTEX vs. PRGTX - Drawdown Comparison

The maximum ALTEX drawdown since its inception was -75.48%, which is greater than PRGTX's maximum drawdown of -71.18%. Use the drawdown chart below to compare losses from any high point for ALTEX and PRGTX.

Drawdown Indicators

	ALTEX	PRGTX	Difference
Max Drawdown Largest peak-to-trough decline	-75.48%	-71.18%	-4.30%
Max Drawdown (1Y) Largest decline over 1 year	-28.91%	-13.06%	-15.85%
Max Drawdown (3Y) Largest decline over 3 years	-68.78%	-26.67%	-42.11%
Max Drawdown (5Y) Largest decline over 5 years	-75.48%	-65.29%	-10.19%
Max Drawdown (10Y) Largest decline over 10 years	-75.48%	-65.29%	-10.19%
Current Drawdown Current decline from peak	-2.13%	-1.62%	-0.51%
Average Drawdown Average peak-to-trough decline	-37.18%	-21.51%	-15.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.88%	4.38%	+6.50%

Volatility

ALTEX vs. PRGTX - Volatility Comparison

Firsthand Alternative Energy Fund (ALTEX) has a higher volatility of 15.35% compared to T. Rowe Price Global Technology Fund (PRGTX) at 13.52%. This indicates that ALTEX's price experiences larger fluctuations and is considered to be riskier than PRGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALTEX	PRGTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.35%	13.52%	+1.83%
Volatility (6M) Calculated over the trailing 6-month period	34.95%	22.05%	+12.90%
Volatility (1Y) Calculated over the trailing 1-year period	41.24%	25.95%	+15.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.33%	32.17%	+36.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.48%	28.63%	+22.85%

ALTEX vs. PRGTX - Expense Ratio Comparison

ALTEX has a 1.98% expense ratio, which is higher than PRGTX's 0.95% expense ratio.

Dividends

ALTEX vs. PRGTX - Dividend Comparison

Neither ALTEX nor PRGTX 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%
PRGTX T. Rowe Price Global Technology Fund	0.00%	0.00%	0.00%	0.00%	3.28%	27.71%	5.05%	0.15%	24.67%	15.81%	9.46%	10.03%

Frequently Asked Questions

Can I hold both ALTEX and PRGTX in my portfolio?

ALTEX and PRGTX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALTEX or PRGTX?

ALTEX has higher volatility (15.35%) compared to PRGTX (13.52%). In terms of maximum drawdown, ALTEX dropped -75.48% vs PRGTX's -71.18%.

Which has better risk-adjusted returns?

PRGTX currently has the higher Sharpe Ratio (2.86 vs 2.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.