AFQSX vs. UPAAX

Last updated Jun 5, 2026

AFQSX (Alpha Fiduciary Quantitative Strategy Fund) and UPAAX (Upright Assets Allocation Plus Fund) are both Tactical Allocation funds. At a 0.20 correlation, their price movements are largely independent. AFQSX charges 1.70%/yr vs 2.49%/yr for UPAAX.

Performance

AFQSX vs. UPAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Alpha Fiduciary Quantitative Strategy Fund (AFQSX) and Upright Assets Allocation Plus Fund (UPAAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AFQSX

• 1D: -0.93%
• 1M: 4.39%
• YTD: 11.34%
• 6M: 13.11%
• 1Y: 22.99%
• 3Y*: 6.25%
• 5Y*: 2.52%
• 10Y*: —

UPAAX

• 1D: -0.95%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AFQSX vs. UPAAX - Yearly Performance Comparison

	2026 (YTD)
AFQSX Alpha Fiduciary Quantitative Strategy Fund	-0.19%
UPAAX Upright Assets Allocation Plus Fund	2.88%

Correlation

The correlation between AFQSX and UPAAX is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.20

Return for Risk

AFQSX vs. UPAAX — Risk / Return Rank

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

AFQSX

AFQSX Risk / Return Rank: 74
AFQSX Sharpe Ratio Rank: 62
AFQSX Sortino Ratio Rank: 72
AFQSX Omega Ratio Rank: 79
AFQSX Calmar Ratio Rank: 84
AFQSX Martin Ratio Rank: 75

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.

AFQSX vs. UPAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Alpha Fiduciary Quantitative Strategy Fund (AFQSX) and Upright Assets Allocation Plus Fund (UPAAX). 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.

	AFQSX	UPAAX	Difference
Sharpe ratio: Return per unit of total volatility	2.30	—	—
Sortino ratio: Return per unit of downside risk	3.51	—	—
Omega ratio: Gain probability vs. loss probability	1.52	—	—
Calmar ratio: Return relative to maximum drawdown	3.84	—	—
Martin ratio: Return relative to average drawdown	13.91	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AFQSX	UPAAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	23.09	-23.09

Drawdowns

AFQSX vs. UPAAX - Drawdown Comparison

The maximum AFQSX drawdown since its inception was -93.01%, which is greater than UPAAX's maximum drawdown of -0.95%. Use the drawdown chart below to compare losses from any high point for AFQSX and UPAAX.

Drawdown Indicators

	AFQSX	UPAAX	Difference
Max Drawdown Largest peak-to-trough decline	-93.01%	-0.95%	-92.06%
Max Drawdown (1Y) Largest decline over 1 year	-6.01%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-93.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-93.01%	—	—
Current Drawdown Current decline from peak	-90.53%	-0.95%	-89.58%
Average Drawdown Average peak-to-trough decline	-35.19%	-0.30%	-34.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	—	—

Volatility

Volatility by Period

	AFQSX	UPAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.05%	24.99%	-14.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	637.17%	24.99%	+612.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	562.70%	24.99%	+537.71%

AFQSX vs. UPAAX - Expense Ratio Comparison

AFQSX has a 1.70% expense ratio, which is lower than UPAAX's 2.49% expense ratio.

Dividends

AFQSX vs. UPAAX - Dividend Comparison

Neither AFQSX nor UPAAX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AFQSX and UPAAX in my portfolio?

AFQSX and UPAAX have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.