NCVLX vs. UPDDX

Last updated Jun 26, 2026

NCVLX (Nuance Concentrated Value Fund) and UPDDX (Upright Growth & Income Fund) are both Large Cap Value Equities funds. At a correlation of -0.30, they often move in opposite directions. NCVLX charges 1.04%/yr vs 2.57%/yr for UPDDX.

Performance

NCVLX vs. UPDDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuance Concentrated Value Fund (NCVLX) and Upright Growth & Income Fund (UPDDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NCVLX

• 1D: 2.35%
• 1M: 3.69%
• YTD: 8.10%
• 6M: 7.93%
• 1Y: 14.51%
• 3Y*: 6.71%
• 5Y*: 4.29%
• 10Y*: 7.61%

UPDDX

• 1D: -0.82%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NCVLX vs. UPDDX - Yearly Performance Comparison

	2026 (YTD)
NCVLX Nuance Concentrated Value Fund	2.67%
UPDDX Upright Growth & Income Fund	-5.39%

Correlation

The correlation between NCVLX and UPDDX is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	-0.30

Return for Risk

NCVLX vs. UPDDX — Risk / Return Rank

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

NCVLX

NCVLX Risk / Return Rank: 20
NCVLX Sharpe Ratio Rank: 22
NCVLX Sortino Ratio Rank: 25
NCVLX Omega Ratio Rank: 21
NCVLX Calmar Ratio Rank: 18
NCVLX Martin Ratio Rank: 13

UPDDX

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.

NCVLX vs. UPDDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuance Concentrated Value Fund (NCVLX) 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.

	NCVLX	UPDDX	Difference
Sharpe ratio: Return per unit of total volatility	1.09	—	—
Sortino ratio: Return per unit of downside risk	1.68	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	1.21	—	—
Martin ratio: Return relative to average drawdown	2.88	—	—

Drawdowns

NCVLX vs. UPDDX - Drawdown Comparison

The maximum NCVLX drawdown since its inception was -31.48%, which is greater than UPDDX's maximum drawdown of -10.36%. Use the drawdown chart below to compare losses from any high point for NCVLX and UPDDX.

Drawdown Indicators

	NCVLX	UPDDX	Difference
Max Drawdown Largest peak-to-trough decline	-31.48%	-10.36%	-21.12%
Max Drawdown (1Y) Largest decline over 1 year	-11.54%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.48%	—	—
Current Drawdown Current decline from peak	-3.37%	-8.75%	+5.38%
Average Drawdown Average peak-to-trough decline	-4.08%	-5.02%	+0.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.85%	—	—

Volatility

Volatility by Period

	NCVLX	UPDDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.86%	34.37%	-21.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.98%	34.37%	-20.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.08%	34.37%	-19.29%

NCVLX vs. UPDDX - Expense Ratio Comparison

NCVLX has a 1.04% expense ratio, which is lower than UPDDX's 2.57% expense ratio.

Dividends

NCVLX vs. UPDDX - Dividend Comparison

NCVLX's dividend yield for the trailing twelve months is around 1.62%, while UPDDX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NCVLX Nuance Concentrated Value Fund	1.62%	2.38%	7.34%	1.81%	13.64%	17.21%	0.64%	7.97%	13.45%	7.02%	0.96%	5.66%
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 NCVLX and UPDDX in my portfolio?

NCVLX and UPDDX have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.