FTCHX vs. STPAX
FTCHX (Invesco Technology Fund) and STPAX (Saratoga Technology & Communications Portfolio) are both Technology Equities funds. Over the past 10 years, FTCHX returned 20.93%/yr vs 16.55%/yr for STPAX. Their correlation of 0.93 suggests significant overlap in exposure. FTCHX charges 0.91%/yr vs 2.53%/yr for STPAX.
Performance
FTCHX vs. STPAX - Performance Comparison
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Returns By Period
In the year-to-date period, FTCHX achieves a 39.42% return, which is significantly higher than STPAX's 5.14% return. Over the past 10 years, FTCHX has outperformed STPAX with an annualized return of 20.93%, while STPAX has yielded a comparatively lower 16.55% annualized return.
FTCHX
- 1D
- -5.62%
- 1M
- 2.28%
- YTD
- 39.42%
- 6M
- 35.73%
- 1Y
- 61.82%
- 3Y*
- 36.93%
- 5Y*
- 15.36%
- 10Y*
- 20.93%
STPAX
- 1D
- -1.86%
- 1M
- -3.30%
- YTD
- 5.14%
- 6M
- 3.78%
- 1Y
- 17.05%
- 3Y*
- 18.89%
- 5Y*
- 8.59%
- 10Y*
- 16.55%
FTCHX vs. STPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTCHX Invesco Technology Fund | 39.42% | 20.77% | 34.49% | 47.38% | -39.96% | 13.00% | 46.14% | 35.62% | -0.88% | 34.78% |
STPAX Saratoga Technology & Communications Portfolio | 5.14% | 16.20% | 20.02% | 45.01% | -31.89% | 16.54% | 26.75% | 45.00% | 0.06% | 27.77% |
Correlation
The correlation between FTCHX and STPAX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1998 | 0.93 |
The correlation between FTCHX and STPAX shifts across timeframes, from 0.81 (1 year) to 0.93 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FTCHX vs. STPAX — Risk / Return Rank
FTCHX
STPAX
FTCHX vs. STPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Technology Fund (FTCHX) and Saratoga Technology & Communications Portfolio (STPAX). 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.
| FTCHX | STPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.20 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.58 | 1.24 | +3.35 |
| Martin ratioReturn relative to average drawdown | 15.70 | 4.03 | +11.66 |
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Drawdowns
FTCHX vs. STPAX - Drawdown Comparison
The maximum FTCHX drawdown since its inception was -87.78%, smaller than the maximum STPAX drawdown of -94.25%. Use the drawdown chart below to compare losses from any high point for FTCHX and STPAX.
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Drawdown Indicators
| FTCHX | STPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.78% | -94.25% | +6.47% |
Max Drawdown (1Y)Largest decline over 1 year | -14.29% | -15.49% | +1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -30.38% | -22.78% | -7.60% |
Max Drawdown (5Y)Largest decline over 5 years | -47.89% | -37.07% | -10.82% |
Max Drawdown (10Y)Largest decline over 10 years | -47.89% | -37.07% | -10.82% |
Current DrawdownCurrent decline from peak | -5.62% | -6.83% | +1.21% |
Average DrawdownAverage peak-to-trough decline | -36.37% | -58.65% | +22.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 4.74% | -0.58% |
Volatility
FTCHX vs. STPAX - Volatility Comparison
Invesco Technology Fund (FTCHX) has a higher volatility of 15.08% compared to Saratoga Technology & Communications Portfolio (STPAX) at 7.24%. This indicates that FTCHX's price experiences larger fluctuations and is considered to be riskier than STPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FTCHX | STPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.08% | 7.24% | +7.84% |
Volatility (6M)Calculated over the trailing 6-month period | 25.40% | 14.03% | +11.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.70% | 17.54% | +13.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.43% | 21.85% | +7.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.71% | 22.08% | +4.63% |
FTCHX vs. STPAX - Expense Ratio Comparison
FTCHX has a 0.91% expense ratio, which is lower than STPAX's 2.53% expense ratio.
Dividends
FTCHX vs. STPAX - Dividend Comparison
FTCHX's dividend yield for the trailing twelve months is around 19.05%, more than STPAX's 16.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTCHX Invesco Technology Fund | 19.05% | 26.56% | 13.59% | 0.80% | 1.60% | 27.66% | 7.06% | 9.58% | 9.01% | 4.14% | 6.98% | 6.88% |
STPAX Saratoga Technology & Communications Portfolio | 16.45% | 17.30% | 13.90% | 7.63% | 22.55% | 13.94% | 14.21% | 12.52% | 4.84% | 8.32% | 9.28% | 12.58% |
Frequently Asked Questions
FTCHX and STPAX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FTCHX has higher volatility (15.08%) compared to STPAX (7.24%). In terms of maximum drawdown, FTCHX dropped -87.78% vs STPAX's -94.25%.
FTCHX currently has the higher Sharpe Ratio (2.14 vs 1.09), 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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