TEFQX vs. SCMIX
TEFQX (Firsthand Technology Opportunities Fund) and SCMIX (Columbia Seligman Technology and Information Fund Institutional 2 Class) are both Technology Equities funds. Over the past 10 years, TEFQX returned 4.26%/yr vs 26.95%/yr for SCMIX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. TEFQX charges 1.85%/yr vs 0.89%/yr for SCMIX.
Performance
TEFQX vs. SCMIX - Performance Comparison
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Returns By Period
In the year-to-date period, TEFQX achieves a -4.07% return, which is significantly lower than SCMIX's 49.81% return. Over the past 10 years, TEFQX has underperformed SCMIX with an annualized return of 4.26%, while SCMIX has yielded a comparatively higher 26.95% annualized return.
TEFQX
- 1D
- 4.42%
- 1M
- -10.61%
- 6M
- 1.94%
- YTD
- -4.07%
- 1Y
- -5.22%
- 3Y*
- -1.54%
- 5Y*
- -20.09%
- 10Y*
- 4.26%
- ALL TIME*
- -0.43%
SCMIX
- 1D
- 2.27%
- 1M
- -0.94%
- 6M
- 35.67%
- YTD
- 49.81%
- 1Y
- 87.01%
- 3Y*
- 42.74%
- 5Y*
- 24.32%
- 10Y*
- 26.95%
- ALL TIME*
- 15.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TEFQX vs. SCMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEFQX Firsthand Technology Opportunities Fund | -4.07% | 29.82% | -22.02% | 10.81% | -60.11% | -16.48% | 97.04% | 28.50% | 4.31% | 55.45% |
SCMIX Columbia Seligman Technology and Information Fund Institutional 2 Class | 49.81% | 37.73% | 27.06% | 44.68% | -30.96% | 39.37% | 44.85% | 54.60% | -7.81% | 34.46% |
Correlation
The correlation between TEFQX and SCMIX is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2002 | 0.80 |
The correlation between TEFQX and SCMIX has been stable across timeframes, ranging from 0.71 to 0.80 - a consistent structural relationship.
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Return for Risk
TEFQX vs. SCMIX — Risk / Return Rank
TEFQX
SCMIX
TEFQX vs. SCMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Firsthand Technology Opportunities Fund (TEFQX) and Columbia Seligman Technology and Information Fund Institutional 2 Class (SCMIX). 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.
| TEFQX | SCMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.17 | ||
| Sortino ratioReturn per unit of downside risk | -3.33 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.47 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 7.18 | -7.25 |
| Martin ratioReturn relative to average drawdown | -0.17 | 23.27 | -23.43 |
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Drawdowns
TEFQX vs. SCMIX - Drawdown Comparison
The maximum TEFQX drawdown since its inception was -92.33%, which is greater than SCMIX's maximum drawdown of -50.85%. Use the drawdown chart below to compare losses from any high point for TEFQX and SCMIX.
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Drawdown Indicators
| TEFQX | SCMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.33% | -50.85% | -41.48% |
Max Drawdown (1Y)Largest decline over 1 year | -31.51% | -12.76% | -18.75% |
Max Drawdown (3Y)Largest decline over 3 years | -61.62% | -29.08% | -32.54% |
Max Drawdown (5Y)Largest decline over 5 years | -77.80% | -37.18% | -40.62% |
Max Drawdown (10Y)Largest decline over 10 years | -80.17% | -37.18% | -42.99% |
Current DrawdownCurrent decline from peak | -70.28% | -6.03% | -64.25% |
Average DrawdownAverage peak-to-trough decline | -60.17% | -9.38% | -50.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.91% | 3.92% | +9.99% |
Volatility
TEFQX vs. SCMIX - Volatility Comparison
Firsthand Technology Opportunities Fund (TEFQX) has a higher volatility of 13.55% compared to Columbia Seligman Technology and Information Fund Institutional 2 Class (SCMIX) at 9.38%. This indicates that TEFQX's price experiences larger fluctuations and is considered to be riskier than SCMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEFQX | SCMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.55% | 9.38% | +4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 31.90% | 23.26% | +8.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.36% | 29.52% | +8.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.44% | 26.92% | +47.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.81% | 26.39% | +29.42% |
TEFQX vs. SCMIX - Expense Ratio Comparison
TEFQX has a 1.85% expense ratio, which is higher than SCMIX's 0.89% expense ratio.
Dividends
TEFQX vs. SCMIX - Dividend Comparison
TEFQX has not paid dividends to shareholders, while SCMIX's dividend yield for the trailing twelve months is around 5.30%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCMIX Columbia Seligman Technology and Information Fund Institutional 2 Class | 5.30% | 7.93% | 12.11% | 4.52% | 8.08% | 10.45% | 9.38% | 10.47% | 11.30% | 10.48% | 7.88% | 10.40% |
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% | 0.00% |
Frequently Asked Questions
TEFQX and SCMIX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEFQX has higher volatility (13.55%) compared to SCMIX (9.38%). In terms of maximum drawdown, TEFQX dropped -92.33% vs SCMIX's -50.85%.
SCMIX currently has the higher Sharpe Ratio (3.11 vs -0.06), 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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