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FTCHX vs. ALTEX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

FTCHX vs. ALTEX - Performance Comparison

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

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FTCHX vs. ALTEX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
FTCHX
Invesco Technology Fund
-5.10%20.77%34.49%47.38%-39.96%13.00%46.14%35.62%-0.88%34.78%
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%

Returns By Period

In the year-to-date period, FTCHX achieves a -5.10% return, which is significantly lower than ALTEX's 9.56% return. Over the past 10 years, FTCHX has outperformed ALTEX with an annualized return of 16.00%, while ALTEX has yielded a comparatively lower 8.92% annualized return.


FTCHX

1D
-3.74%
1M
-11.35%
YTD
-5.10%
6M
-3.35%
1Y
36.47%
3Y*
24.45%
5Y*
8.86%
10Y*
16.00%

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

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FTCHX vs. ALTEX - Expense Ratio Comparison

FTCHX has a 0.91% expense ratio, which is lower than ALTEX's 1.98% expense ratio.


Return for Risk

FTCHX vs. ALTEX — Risk / Return Rank

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

FTCHX
FTCHX Risk / Return Rank: 7171
Overall Rank
FTCHX Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
FTCHX Sortino Ratio Rank: 6868
Sortino Ratio Rank
FTCHX Omega Ratio Rank: 6262
Omega Ratio Rank
FTCHX Calmar Ratio Rank: 8484
Calmar Ratio Rank
FTCHX Martin Ratio Rank: 7474
Martin Ratio Rank

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
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.

FTCHX vs. ALTEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Technology Fund (FTCHX) 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.


FTCHXALTEXDifference

Sharpe ratio

Return per unit of total volatility

1.19

1.10

+0.08

Sortino ratio

Return per unit of downside risk

1.68

1.49

+0.19

Omega ratio

Gain probability vs. loss probability

1.23

1.23

+0.01

Calmar ratio

Return relative to maximum drawdown

2.09

1.31

+0.78

Martin ratio

Return relative to average drawdown

7.00

3.48

+3.52

FTCHX vs. ALTEX - Sharpe Ratio Comparison

The current FTCHX Sharpe Ratio is 1.19, which is comparable to the ALTEX Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of FTCHX and ALTEX, 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


FTCHXALTEXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.19

1.10

+0.08

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.31

-0.06

+0.38

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.62

0.18

+0.44

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

0.03

+0.30

Correlation

The correlation between FTCHX and ALTEX 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

FTCHX vs. ALTEX - Dividend Comparison

FTCHX's dividend yield for the trailing twelve months is around 27.98%, while ALTEX has not paid dividends to shareholders.


TTM20252024202320222021202020192018201720162015
FTCHX
Invesco Technology Fund
27.98%26.56%13.59%0.80%1.60%27.66%7.06%9.58%9.01%4.14%6.98%6.88%
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%

Drawdowns

FTCHX vs. ALTEX - Drawdown Comparison

The maximum FTCHX drawdown since its inception was -87.78%, which is greater than ALTEX's maximum drawdown of -75.48%. Use the drawdown chart below to compare losses from any high point for FTCHX and ALTEX.


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Drawdown Indicators


FTCHXALTEXDifference

Max Drawdown

Largest peak-to-trough decline

-87.78%

-75.48%

-12.30%

Max Drawdown (1Y)

Largest decline over 1 year

-14.29%

-28.91%

+14.62%

Max Drawdown (5Y)

Largest decline over 5 years

-47.89%

-75.48%

+27.59%

Max Drawdown (10Y)

Largest decline over 10 years

-47.89%

-75.48%

+27.59%

Current Drawdown

Current decline from peak

-14.29%

-27.66%

+13.37%

Average Drawdown

Average peak-to-trough decline

-36.55%

-37.55%

+1.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.27%

10.86%

-6.59%

Volatility

FTCHX vs. ALTEX - Volatility Comparison

Invesco Technology Fund (FTCHX) and Firsthand Alternative Energy Fund (ALTEX) have volatilities of 11.93% and 11.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


FTCHXALTEXDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.93%

11.76%

+0.17%

Volatility (6M)

Calculated over the trailing 6-month period

22.01%

32.97%

-10.96%

Volatility (1Y)

Calculated over the trailing 1-year period

30.46%

38.72%

-8.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

28.45%

67.75%

-39.30%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.09%

51.07%

-24.98%