ALTEX vs. TEFQX
Compare and contrast key facts about Firsthand Alternative Energy Fund (ALTEX) and Firsthand Technology Opportunities Fund (TEFQX).
ALTEX is managed by Firsthand Funds. It was launched on Oct 28, 2007. TEFQX is managed by Firsthand Funds. It was launched on Sep 29, 1999.
Performance
ALTEX vs. TEFQX - Performance Comparison
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ALTEX vs. TEFQX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALTEX Firsthand Alternative Energy Fund | 15.57% | 6.62% | -6.79% | -2.31% | -18.26% | -5.09% | 83.88% | 55.04% | -18.56% | 27.35% |
TEFQX Firsthand Technology Opportunities Fund | -15.04% | 29.82% | -22.02% | 10.81% | -60.11% | -16.48% | 97.04% | 28.50% | 4.31% | 55.45% |
Returns By Period
In the year-to-date period, ALTEX achieves a 15.57% return, which is significantly higher than TEFQX's -15.04% return. Over the past 10 years, ALTEX has outperformed TEFQX with an annualized return of 9.51%, while TEFQX has yielded a comparatively lower 3.92% annualized return.
ALTEX
- 1D
- 5.49%
- 1M
- -7.35%
- YTD
- 15.57%
- 6M
- -5.93%
- 1Y
- 47.55%
- 3Y*
- 0.38%
- 5Y*
- -3.27%
- 10Y*
- 9.51%
TEFQX
- 1D
- 6.09%
- 1M
- -8.13%
- YTD
- -15.04%
- 6M
- -20.68%
- 1Y
- 14.52%
- 3Y*
- -5.01%
- 5Y*
- -20.06%
- 10Y*
- 3.92%
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ALTEX vs. TEFQX - Expense Ratio Comparison
ALTEX has a 1.98% expense ratio, which is higher than TEFQX's 1.85% expense ratio.
Return for Risk
ALTEX vs. TEFQX — Risk / Return Rank
ALTEX
TEFQX
ALTEX vs. TEFQX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Firsthand Alternative Energy Fund (ALTEX) and Firsthand Technology Opportunities Fund (TEFQX). 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 | TEFQX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.33 | 0.43 | +0.90 |
Sortino ratioReturn per unit of downside risk | 1.72 | 0.83 | +0.89 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.11 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 7.30 | 0.31 | +6.99 |
Martin ratioReturn relative to average drawdown | 19.36 | 0.83 | +18.53 |
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 | TEFQX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 0.43 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | -0.27 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.07 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | -0.02 | +0.06 |
Correlation
The correlation between ALTEX and TEFQX 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. TEFQX - Dividend Comparison
Neither ALTEX nor TEFQX has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TEFQX Firsthand Technology Opportunities Fund | 0.00% | 0.00% | 0.00% | 1.91% | 54.72% | 6.88% | 15.27% | 5.54% | 0.00% | 0.00% | 27.74% |
Drawdowns
ALTEX vs. TEFQX - Drawdown Comparison
The maximum ALTEX drawdown since its inception was -75.48%, smaller than the maximum TEFQX drawdown of -92.33%. Use the drawdown chart below to compare losses from any high point for ALTEX and TEFQX.
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Drawdown Indicators
| ALTEX | TEFQX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.48% | -92.33% | +16.85% |
Max Drawdown (1Y)Largest decline over 1 year | -28.91% | -29.26% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -75.48% | -79.25% | +3.77% |
Max Drawdown (10Y)Largest decline over 10 years | -75.48% | -80.17% | +4.69% |
Current DrawdownCurrent decline from peak | -23.70% | -73.68% | +49.98% |
Average DrawdownAverage peak-to-trough decline | -37.54% | -60.08% | +22.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.91% | 11.04% | -0.13% |
Volatility
ALTEX vs. TEFQX - Volatility Comparison
Firsthand Alternative Energy Fund (ALTEX) has a higher volatility of 12.87% compared to Firsthand Technology Opportunities Fund (TEFQX) at 11.87%. This indicates that ALTEX's price experiences larger fluctuations and is considered to be riskier than TEFQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALTEX | TEFQX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.87% | 11.87% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 33.37% | 24.60% | +8.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.02% | 36.62% | +2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.79% | 73.89% | -6.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.10% | 55.22% | -4.12% |