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FBSOX vs. ALTEX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

FBSOX vs. ALTEX - Performance Comparison

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

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Returns By Period

In the year-to-date period, FBSOX achieves a -2.26% return, which is significantly lower than ALTEX's 57.24% return. Over the past 10 years, FBSOX has underperformed ALTEX with an annualized return of 9.27%, while ALTEX has yielded a comparatively higher 13.61% annualized return.


FBSOX

1D
4.31%
1M
12.34%
YTD
-2.26%
6M
-6.49%
1Y
-15.09%
3Y*
5.09%
5Y*
-2.57%
10Y*
9.27%

ALTEX

1D
-1.66%
1M
1.53%
YTD
57.24%
6M
31.25%
1Y
81.16%
3Y*
12.99%
5Y*
4.45%
10Y*
13.61%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FBSOX vs. ALTEX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FBSOX
Fidelity Select IT Services Portfolio
-2.26%-9.19%15.04%23.23%-28.86%2.53%31.47%42.25%4.11%34.28%
ALTEX
Firsthand Alternative Energy Fund
57.24%6.62%-6.79%-2.31%-18.26%-5.09%83.88%55.04%-18.56%27.35%

Correlation

The correlation between FBSOX and ALTEX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.21

Correlation (3Y)
Calculated over the trailing 3-year period

0.40

Correlation (5Y)
Calculated over the trailing 5-year period

0.54

Correlation (10Y)
Calculated over the trailing 10-year period

0.58

Correlation (All Time)
Calculated using the full available price history since Oct 31, 2007

0.64

Over the past year, the correlation between FBSOX and ALTEX has dropped to 0.21 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.

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Return for Risk

FBSOX vs. ALTEX — Risk / Return Rank

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

FBSOX
FBSOX Risk / Return Rank: 11
Overall Rank
FBSOX Sharpe Ratio Rank: 11
Sharpe Ratio Rank
FBSOX Sortino Ratio Rank: 11
Sortino Ratio Rank
FBSOX Omega Ratio Rank: 11
Omega Ratio Rank
FBSOX Calmar Ratio Rank: 11
Calmar Ratio Rank
FBSOX Martin Ratio Rank: 11
Martin Ratio Rank

ALTEX
ALTEX Risk / Return Rank: 4343
Overall Rank
ALTEX Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
ALTEX Sortino Ratio Rank: 3333
Sortino Ratio Rank
ALTEX Omega Ratio Rank: 4545
Omega Ratio Rank
ALTEX Calmar Ratio Rank: 5151
Calmar Ratio Rank
ALTEX Martin Ratio Rank: 3232
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.

FBSOX vs. ALTEX - Risk-Adjusted Trends Comparison

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


FBSOXALTEXDifference

Sharpe ratio

Return per unit of total volatility

-0.68

2.15

-2.83

Sortino ratio

Return per unit of downside risk

-0.80

2.42

-3.22

Omega ratio

Gain probability vs. loss probability

0.90

1.37

-0.47

Calmar ratio

Return relative to maximum drawdown

-0.44

2.75

-3.19

Martin ratio

Return relative to average drawdown

-0.83

7.40

-8.23

FBSOX vs. ALTEX - Sharpe Ratio Comparison

The current FBSOX Sharpe Ratio is -0.68, which is lower than the ALTEX Sharpe Ratio of 2.15. The chart below compares the historical Sharpe Ratios of FBSOX and ALTEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


FBSOXALTEXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.68

2.15

-2.83

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.11

0.07

-0.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.41

0.27

+0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.08

+0.42

Drawdowns

FBSOX vs. ALTEX - Drawdown Comparison

The maximum FBSOX drawdown since its inception was -50.01%, smaller than the maximum ALTEX drawdown of -75.48%. Use the drawdown chart below to compare losses from any high point for FBSOX and ALTEX.


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Drawdown Indicators


FBSOXALTEXDifference

Max Drawdown

Largest peak-to-trough decline

-50.01%

-75.48%

+25.47%

Max Drawdown (1Y)

Largest decline over 1 year

-32.78%

-28.91%

-3.87%

Max Drawdown (3Y)

Largest decline over 3 years

-35.31%

-68.78%

+33.47%

Max Drawdown (5Y)

Largest decline over 5 years

-42.28%

-75.48%

+33.20%

Max Drawdown (10Y)

Largest decline over 10 years

-42.28%

-75.48%

+33.20%

Current Drawdown

Current decline from peak

-20.42%

-5.45%

-14.97%

Average Drawdown

Average peak-to-trough decline

-10.19%

-37.27%

+27.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

17.28%

10.75%

+6.53%

Volatility

FBSOX vs. ALTEX - Volatility Comparison

The current volatility for Fidelity Select IT Services Portfolio (FBSOX) is 6.75%, while Firsthand Alternative Energy Fund (ALTEX) has a volatility of 11.58%. This indicates that FBSOX experiences smaller price fluctuations and is considered to be less risky than ALTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FBSOXALTEXDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.75%

11.58%

-4.83%

Volatility (6M)

Calculated over the trailing 6-month period

18.60%

32.60%

-14.00%

Volatility (1Y)

Calculated over the trailing 1-year period

22.16%

39.60%

-17.44%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.58%

68.07%

-45.49%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.86%

51.33%

-28.47%

FBSOX vs. ALTEX - Expense Ratio Comparison

FBSOX has a 0.70% expense ratio, which is lower than ALTEX's 1.98% expense ratio.


Dividends

FBSOX vs. ALTEX - Dividend Comparison

FBSOX's dividend yield for the trailing twelve months is around 9.30%, while ALTEX has not paid dividends to shareholders.


PositionTTM20252024202320222021202020192018201720162015
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%
FBSOX
Fidelity Select IT Services Portfolio
9.30%14.07%18.34%3.81%14.40%15.64%5.27%2.30%4.97%3.10%0.32%3.87%

Frequently Asked Questions


FBSOX and ALTEX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ALTEX has higher volatility (11.58%) compared to FBSOX (6.75%). In terms of maximum drawdown, FBSOX dropped -50.01% vs ALTEX's -75.48%.

ALTEX currently has the higher Sharpe Ratio (2.15 vs -0.68), 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.

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