TEFQX vs. VITAX
TEFQX (Firsthand Technology Opportunities Fund) and VITAX (Vanguard Information Technology Index Fund Admiral Shares) are both Technology Equities funds. Over the past 10 years, TEFQX returned 3.95%/yr vs 23.98%/yr for VITAX. Their correlation of 0.80 means they have usually moved in the same direction. TEFQX charges 1.85%/yr vs 0.09%/yr for VITAX.
Performance
TEFQX vs. VITAX - Performance Comparison
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Returns By Period
In the year-to-date period, TEFQX achieves a -8.13% return, which is significantly lower than VITAX's 20.86% return. Over the past 10 years, TEFQX has underperformed VITAX with an annualized return of 3.95%, while VITAX has yielded a comparatively higher 23.98% annualized return.
TEFQX
- 1D
- 6.10%
- 1M
- -14.39%
- 6M
- -3.62%
- YTD
- -8.13%
- 1Y
- -6.42%
- 3Y*
- -4.98%
- 5Y*
- -20.77%
- 10Y*
- 3.95%
- ALL TIME*
- -0.59%
VITAX
- 1D
- 5.05%
- 1M
- -1.00%
- 6M
- 21.80%
- YTD
- 20.86%
- 1Y
- 35.33%
- 3Y*
- 26.67%
- 5Y*
- 17.91%
- 10Y*
- 23.98%
- ALL TIME*
- 14.80%
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. VITAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEFQX Firsthand Technology Opportunities Fund | -8.13% | 29.82% | -22.02% | 10.81% | -60.11% | -16.48% | 97.04% | 28.50% | 4.31% | 55.45% |
VITAX Vanguard Information Technology Index Fund Admiral Shares | 20.86% | 21.78% | 29.26% | 52.69% | -29.67% | 30.36% | 45.93% | 48.72% | 2.51% | 37.07% |
Correlation
The correlation between TEFQX and VITAX is 0.76, 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. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004 | 0.80 |
The correlation between TEFQX and VITAX 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. VITAX — Risk / Return Rank
TEFQX
VITAX
TEFQX vs. VITAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Firsthand Technology Opportunities Fund (TEFQX) and Vanguard Information Technology Index Fund Admiral Shares (VITAX). 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 | VITAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.59 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.22 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 1.93 | -2.28 |
| Martin ratioReturn relative to average drawdown | -0.80 | 5.21 | -6.01 |
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Drawdowns
TEFQX vs. VITAX - Drawdown Comparison
The maximum TEFQX drawdown since its inception was -92.33%, which is greater than VITAX's maximum drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for TEFQX and VITAX.
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Drawdown Indicators
| TEFQX | VITAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.33% | -54.81% | -37.52% |
Max Drawdown (1Y)Largest decline over 1 year | -31.51% | -16.38% | -15.13% |
Max Drawdown (3Y)Largest decline over 3 years | -61.62% | -27.38% | -34.24% |
Max Drawdown (5Y)Largest decline over 5 years | -78.25% | -35.10% | -43.15% |
Max Drawdown (10Y)Largest decline over 10 years | -80.17% | -35.10% | -45.07% |
Current DrawdownCurrent decline from peak | -71.54% | -9.58% | -61.96% |
Average DrawdownAverage peak-to-trough decline | -60.16% | -8.01% | -52.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.71% | 6.05% | +7.66% |
Volatility
TEFQX vs. VITAX - Volatility Comparison
Firsthand Technology Opportunities Fund (TEFQX) has a higher volatility of 12.86% compared to Vanguard Information Technology Index Fund Admiral Shares (VITAX) at 8.62%. This indicates that TEFQX's price experiences larger fluctuations and is considered to be riskier than VITAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEFQX | VITAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.86% | 8.62% | +4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 31.86% | 20.26% | +11.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.27% | 24.34% | +13.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.41% | 26.04% | +48.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.78% | 25.12% | +30.66% |
TEFQX vs. VITAX - Expense Ratio Comparison
TEFQX has a 1.85% expense ratio, which is higher than VITAX's 0.09% expense ratio.
Dividends
TEFQX vs. VITAX - Dividend Comparison
TEFQX has not paid dividends to shareholders, while VITAX's dividend yield for the trailing twelve months is around 0.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VITAX Vanguard Information Technology Index Fund Admiral Shares | 0.38% | 0.40% | 0.60% | 0.65% | 0.91% | 0.63% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% |
Frequently Asked Questions
TEFQX and VITAX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEFQX has higher volatility (12.86%) compared to VITAX (8.62%). In terms of maximum drawdown, TEFQX dropped -92.33% vs VITAX's -54.81%.
VITAX currently has the higher Sharpe Ratio (1.30 vs -0.29), 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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