FFNOX vs. UPDDX

Last updated Aug 5, 2026

FFNOX (Fidelity Multi-Asset Index Fund) and UPDDX (Upright Growth & Income Fund) are both mutual funds - FFNOX is a Diversified Portfolio fund actively managed by Fidelity, while UPDDX is a Large Cap Value Equities fund managed by Upright Investments Trust. Their correlation of 0.86 means they have usually moved in the same direction. FFNOX charges 0.11%/yr vs 2.57%/yr for UPDDX.

Performance

FFNOX vs. UPDDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Multi-Asset Index Fund (FFNOX) and Upright Growth & Income Fund (UPDDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FFNOX

• 1D: 1.04%
• 1M: 0.63%
• 6M: 7.93%
• YTD: 11.18%
• 1Y: 20.54%
• 3Y*: 16.95%
• 5Y*: 8.89%
• 10Y*: 10.91%
• ALL TIME*: 6.87%

UPDDX

• 1D: 1.27%
• 1M: 0.23%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FFNOX Fidelity Multi-Asset Index Fund	$0.00	$0.00	$0.00
UPDDX Upright Growth & Income Fund	$0.00	$0.00	$0.00

FFNOX vs. UPDDX - Yearly Performance Comparison

	2026 (YTD)
FFNOX Fidelity Multi-Asset Index Fund	0.92%
UPDDX Upright Growth & Income Fund	-6.79%

Correlation

The correlation between FFNOX and UPDDX is 0.86, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.86

Return for Risk

FFNOX vs. UPDDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FFNOX

FFNOX Risk / Return Rank: 74
FFNOX Sharpe Ratio Rank: 74
FFNOX Sortino Ratio Rank: 71
FFNOX Omega Ratio Rank: 70
FFNOX Calmar Ratio Rank: 75
FFNOX Martin Ratio Rank: 82

UPDDX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FFNOX vs. UPDDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Multi-Asset Index Fund (FFNOX) and Upright Growth & Income Fund (UPDDX). 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.

	FFNOX	UPDDX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	—	—
Sortino ratio: Return per unit of downside risk	2.53	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.57	—	—
Martin ratio: Return relative to average drawdown	10.69	—	—

Drawdowns

FFNOX vs. UPDDX - Drawdown Comparison

The maximum FFNOX drawdown since its inception was -49.84%, which is greater than UPDDX's maximum drawdown of -13.71%. Use the drawdown chart below to compare losses from any high point for FFNOX and UPDDX.

Drawdown Indicators

	FFNOX	UPDDX	Difference
Max Drawdown Largest peak-to-trough decline	-49.84%	-13.71%	-36.13%
Max Drawdown (1Y) Largest decline over 1 year	-8.60%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.10%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.04%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-29.93%	—	—
Current Drawdown Current decline from peak	-0.35%	-10.10%	+9.75%
Average Drawdown Average peak-to-trough decline	-8.65%	-7.99%	-0.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.06%	—	—

Volatility

Volatility by Period

	FFNOX	UPDDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.28%	26.90%	-14.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.93%	26.90%	-12.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.57%	26.90%	-12.33%

FFNOX vs. UPDDX - Expense Ratio Comparison

FFNOX has a 0.11% expense ratio, which is lower than UPDDX's 2.57% expense ratio.

Dividends

FFNOX vs. UPDDX - Dividend Comparison

FFNOX's dividend yield for the trailing twelve months is around 2.31%, while UPDDX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFNOX Fidelity Multi-Asset Index Fund	2.31%	3.68%	6.43%	3.18%	7.14%	5.71%	2.87%	2.96%	2.90%	0.64%	2.50%	0.70%
UPDDX Upright Growth & Income Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FFNOX and UPDDX in my portfolio?

FFNOX and UPDDX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.