CRTOX vs. UPAAX

Last updated Jun 4, 2026

CRTOX (Potomac Tactical Opportunities Fund) and UPAAX (Upright Assets Allocation Plus Fund) are both Tactical Allocation funds. With a 1.00 correlation, they move nearly in lockstep. CRTOX charges 1.63%/yr vs 2.49%/yr for UPAAX.

Performance

CRTOX vs. UPAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Potomac Tactical Opportunities Fund (CRTOX) and Upright Assets Allocation Plus Fund (UPAAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CRTOX

• 1D: 1.20%
• 1M: 5.18%
• YTD: 9.26%
• 6M: 8.46%
• 1Y: 26.90%
• 3Y*: 9.59%
• 5Y*: 3.78%
• 10Y*: —

UPAAX

• 1D: 2.35%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRTOX vs. UPAAX - Yearly Performance Comparison

	2026 (YTD)
CRTOX Potomac Tactical Opportunities Fund	1.39%
UPAAX Upright Assets Allocation Plus Fund	3.87%

Correlation

The correlation between CRTOX and UPAAX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

Return for Risk

CRTOX vs. UPAAX — Risk / Return Rank

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

CRTOX

CRTOX Risk / Return Rank: 49
CRTOX Sharpe Ratio Rank: 45
CRTOX Sortino Ratio Rank: 45
CRTOX Omega Ratio Rank: 57
CRTOX Calmar Ratio Rank: 54
CRTOX Martin Ratio Rank: 44

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.

CRTOX vs. UPAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Potomac Tactical Opportunities Fund (CRTOX) 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.

	CRTOX	UPAAX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	—	—
Sortino ratio: Return per unit of downside risk	2.82	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	2.80	—	—
Martin ratio: Return relative to average drawdown	9.26	—	—
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

	CRTOX	UPAAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.97	—	—
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	132.47	-132.47

Drawdowns

CRTOX vs. UPAAX - Drawdown Comparison

The maximum CRTOX drawdown since its inception was -98.92%, which is greater than UPAAX's maximum drawdown of -0.25%. Use the drawdown chart below to compare losses from any high point for CRTOX and UPAAX.

Drawdown Indicators

	CRTOX	UPAAX	Difference
Max Drawdown Largest peak-to-trough decline	-98.92%	-0.25%	-98.67%
Max Drawdown (1Y) Largest decline over 1 year	-9.93%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-98.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-98.92%	—	—
Current Drawdown Current decline from peak	-98.48%	0.00%	-98.48%
Average Drawdown Average peak-to-trough decline	-32.62%	-0.08%	-32.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	—	—

Volatility

Volatility by Period

	CRTOX	UPAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.17%	21.58%	-7.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3,567.72%	21.58%	+3,546.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3,279.18%	21.58%	+3,257.60%

CRTOX vs. UPAAX - Expense Ratio Comparison

CRTOX has a 1.63% expense ratio, which is lower than UPAAX's 2.49% expense ratio.

Dividends

CRTOX vs. UPAAX - Dividend Comparison

CRTOX's dividend yield for the trailing twelve months is around 11.25%, while UPAAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
CRTOX Potomac Tactical Opportunities Fund	11.25%	12.29%	4.58%	0.67%	0.00%	15.16%	2.98%
UPAAX Upright Assets Allocation Plus Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CRTOX and UPAAX in my portfolio?

With a correlation of 1.00, CRTOX and UPAAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.