UPUPX vs. ALTEX
UPUPX (Upright Growth Fund) and ALTEX (Firsthand Alternative Energy Fund) are both Technology Equities funds. Over the past 10 years, UPUPX returned 5.41%/yr vs 11.05%/yr for ALTEX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. UPUPX charges 2.09%/yr vs 1.98%/yr for ALTEX.
Performance
UPUPX vs. ALTEX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with UPUPX having a 26.73% return and ALTEX slightly higher at 27.78%. Over the past 10 years, UPUPX has underperformed ALTEX with an annualized return of 5.41%, while ALTEX has yielded a comparatively higher 11.05% annualized return.
UPUPX
- 1D
- -0.26%
- 1M
- -3.12%
- 6M
- 19.56%
- YTD
- 26.73%
- 1Y
- 46.20%
- 3Y*
- 23.77%
- 5Y*
- 5.74%
- 10Y*
- 5.41%
- ALL TIME*
- 3.62%
ALTEX
- 1D
- 0.54%
- 1M
- -13.36%
- 6M
- 8.63%
- YTD
- 27.78%
- 1Y
- 25.19%
- 3Y*
- 3.74%
- 5Y*
- -0.48%
- 10Y*
- 11.05%
- ALL TIME*
- 2.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
UPUPX Upright Growth Fund | $0.00 | $0.00 | $0.00 |
UPUPX vs. ALTEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UPUPX Upright Growth Fund | 26.73% | 20.83% | 30.23% | 8.10% | -45.66% | 57.76% | 108.70% | 7.48% | -49.71% | -14.17% |
ALTEX Firsthand Alternative Energy Fund | 27.78% | 6.62% | -6.79% | -2.31% | -18.26% | -5.09% | 83.88% | 55.04% | -18.56% | 27.35% |
Correlation
The correlation between UPUPX and ALTEX is 0.70, 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. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.68 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 30, 2007 | 0.66 |
The correlation between UPUPX and ALTEX has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.
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Return for Risk
UPUPX vs. ALTEX — Risk / Return Rank
UPUPX
ALTEX
UPUPX vs. ALTEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Upright Growth Fund (UPUPX) 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.
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.
| UPUPX | ALTEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.13 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.80 | 0.73 | +1.07 |
| Martin ratioReturn relative to average drawdown | 5.78 | 1.79 | +3.98 |
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Drawdowns
UPUPX vs. ALTEX - Drawdown Comparison
The maximum UPUPX drawdown since its inception was -78.77%, roughly equal to the maximum ALTEX drawdown of -75.48%. Use the drawdown chart below to compare losses from any high point for UPUPX and ALTEX.
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Drawdown Indicators
| UPUPX | ALTEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.77% | -75.48% | -3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -24.29% | -30.94% | +6.65% |
Max Drawdown (3Y)Largest decline over 3 years | -33.68% | -66.25% | +32.57% |
Max Drawdown (5Y)Largest decline over 5 years | -49.24% | -75.48% | +26.24% |
Max Drawdown (10Y)Largest decline over 10 years | -75.55% | -75.48% | -0.07% |
Current DrawdownCurrent decline from peak | -21.51% | -23.57% | +2.06% |
Average DrawdownAverage peak-to-trough decline | -32.00% | -37.04% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.55% | 12.35% | -4.80% |
Volatility
UPUPX vs. ALTEX - Volatility Comparison
The current volatility for Upright Growth Fund (UPUPX) is 9.58%, while Firsthand Alternative Energy Fund (ALTEX) has a volatility of 17.19%. This indicates that UPUPX 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
| UPUPX | ALTEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.58% | 17.19% | -7.61% |
Volatility (6M)Calculated over the trailing 6-month period | 26.92% | 33.29% | -6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.73% | 45.33% | -13.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.34% | 68.84% | -37.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.37% | 51.79% | -17.42% |
UPUPX vs. ALTEX - Expense Ratio Comparison
UPUPX has a 2.09% expense ratio, which is higher than ALTEX's 1.98% expense ratio.
Dividends
UPUPX vs. ALTEX - Dividend Comparison
UPUPX's dividend yield for the trailing twelve months is around 6.67%, while ALTEX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UPUPX Upright Growth Fund | 6.67% | 8.45% | 0.00% | 2.12% | 1.33% | 3.85% | 0.00% | 0.00% | 0.00% | 3.53% | 21.87% | 5.39% |
Frequently Asked Questions
UPUPX and ALTEX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ALTEX has higher volatility (17.19%) compared to UPUPX (9.58%). In terms of maximum drawdown, UPUPX dropped -78.77% vs ALTEX's -75.48%.
UPUPX currently has the higher Sharpe Ratio (1.38 vs 0.50), 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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