IPSHX vs. UPAAX

Last updated Jul 14, 2026

IPSHX (Pinnacle Sherman Multi-Strategy Core Fund) and UPAAX (Upright Assets Allocation Plus Fund) are both Tactical Allocation funds. Their correlation of 0.90 suggests significant overlap in exposure. 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: -0.19%
• 1M: -2.09%
• 6M: 4.38%
• YTD: 10.41%
• 1Y: 24.64%
• 3Y*: 11.78%
• 5Y*: 5.68%
• 10Y*: 6.99%

UPAAX

• 1D: -0.60%
• 1M: -0.73%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IPSHX vs. UPAAX - Yearly Performance Comparison

	2026 (YTD)
IPSHX Pinnacle Sherman Multi-Strategy Core Fund	-3.25%
UPAAX Upright Assets Allocation Plus Fund	-4.99%

Correlation

The correlation between IPSHX and UPAAX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.90

Return for Risk

IPSHX vs. UPAAX — Risk / Return Rank

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

IPSHX

IPSHX Risk / Return Rank: 58
IPSHX Sharpe Ratio Rank: 52
IPSHX Sortino Ratio Rank: 45
IPSHX Omega Ratio Rank: 47
IPSHX Calmar Ratio Rank: 87
IPSHX Martin Ratio Rank: 60

UPAAX

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

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.

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	1.61	—	—
Sortino ratio: Return per unit of downside risk	2.15	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	3.41	—	—
Martin ratio: Return relative to average drawdown	9.24	—	—

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 -10.95%. 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%	-10.95%	-14.78%
Max Drawdown (1Y) Largest decline over 1 year	-7.12%	—	—
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	-4.74%	-8.53%	+3.79%
Average Drawdown Average peak-to-trough decline	-7.89%	-6.80%	-1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	—	—

Volatility

Volatility by Period

	IPSHX	UPAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.06%	30.63%	-15.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.95%	30.63%	-15.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.06%	30.63%	-15.57%

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 3.01%, 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	3.01%	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 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.