IPSHX vs. UPAAX

Last updated Aug 1, 2026

IPSHX (Pinnacle Sherman Multi-Strategy Core Fund) and UPAAX (Upright Assets Allocation Plus Fund) are both Tactical Allocation funds. Their correlation of 0.89 means they have usually moved in the same direction. IPSHX charges 1.24%/yr vs 2.49%/yr for UPAAX.

Performance

IPSHX vs. UPAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pinnacle Sherman Multi-Strategy Core Fund (IPSHX) and Upright Assets Allocation Plus Fund (UPAAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IPSHX

• 1D: 3.59%
• 1M: -2.47%
• 6M: 0.74%
• YTD: 6.99%
• 1Y: 19.93%
• 3Y*: 9.35%
• 5Y*: 5.31%
• 10Y*: 6.60%
• ALL TIME*: 6.62%

UPAAX

• 1D: 2.80%
• 1M: -2.43%
• 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)
IPSHX Pinnacle Sherman Multi-Strategy Core Fund	$0.00	$0.00	$0.00
UPAAX Upright Assets Allocation Plus Fund	$0.00	$0.00	$0.00

IPSHX vs. UPAAX - Yearly Performance Comparison

	2026 (YTD)
IPSHX Pinnacle Sherman Multi-Strategy Core Fund	-6.25%
UPAAX Upright Assets Allocation Plus Fund	-9.19%

Correlation

The correlation between IPSHX and UPAAX is 0.89, 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	0.89

Return for Risk

IPSHX vs. UPAAX — Risk / Return Rank

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

IPSHX

IPSHX Risk / Return Rank: 35
IPSHX Sharpe Ratio Rank: 35
IPSHX Sortino Ratio Rank: 32
IPSHX Omega Ratio Rank: 32
IPSHX Calmar Ratio Rank: 38
IPSHX Martin Ratio Rank: 38

UPAAX

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.

IPSHX vs. UPAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pinnacle Sherman Multi-Strategy Core Fund (IPSHX) 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.

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.

	IPSHX	UPAAX	Difference
Sharpe ratio: Return per unit of total volatility	1.10	—	—
Sortino ratio: Return per unit of downside risk	1.56	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.62	—	—
Martin ratio: Return relative to average drawdown	5.59	—	—

Drawdowns

IPSHX vs. UPAAX - Drawdown Comparison

The maximum IPSHX drawdown since its inception was -25.73%, which is greater than UPAAX's maximum drawdown of -14.95%. Use the drawdown chart below to compare losses from any high point for IPSHX and UPAAX.

Drawdown Indicators

	IPSHX	UPAAX	Difference
Max Drawdown Largest peak-to-trough decline	-25.73%	-14.95%	-10.78%
Max Drawdown (1Y) Largest decline over 1 year	-10.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.73%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.73%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-25.73%	—	—
Current Drawdown Current decline from peak	-7.69%	-12.57%	+4.88%
Average Drawdown Average peak-to-trough decline	-7.88%	-8.48%	+0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	—	—

Volatility

Volatility by Period

	IPSHX	UPAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.98%	27.85%	-11.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.01%	27.85%	-12.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.16%	27.85%	-12.69%

IPSHX vs. UPAAX - Expense Ratio Comparison

IPSHX has a 1.24% expense ratio, which is lower than UPAAX's 2.49% expense ratio.

Dividends

IPSHX vs. UPAAX - Dividend Comparison

IPSHX's dividend yield for the trailing twelve months is around 3.10%, while UPAAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IPSHX Pinnacle Sherman Multi-Strategy Core Fund	3.10%	3.32%	0.00%	0.00%	0.00%	16.18%	0.00%	0.90%	3.68%	6.15%	0.71%
UPAAX Upright Assets Allocation Plus Fund	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 IPSHX and UPAAX in my portfolio?

IPSHX and UPAAX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.