PWDIX vs. UPAAX

Last updated Jun 4, 2026

PWDIX (Donoghue Forlines Dividend Fund) and UPAAX (Upright Assets Allocation Plus Fund) are both Tactical Allocation funds. A 0.50 correlation means they provide meaningful diversification when combined. PWDIX charges 1.56%/yr vs 2.49%/yr for UPAAX.

Performance

PWDIX vs. UPAAX - Performance Comparison

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

Returns By Period

PWDIX

• 1D: 0.43%
• 1M: 0.86%
• YTD: 10.83%
• 6M: 12.19%
• 1Y: 24.92%
• 3Y*: 15.54%
• 5Y*: 6.75%
• 10Y*: 5.64%

UPAAX

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

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

PWDIX vs. UPAAX - Yearly Performance Comparison

	2026 (YTD)
PWDIX Donoghue Forlines Dividend Fund	0.34%
UPAAX Upright Assets Allocation Plus Fund	3.87%

Correlation

The correlation between PWDIX and UPAAX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.50

Return for Risk

PWDIX vs. UPAAX — Risk / Return Rank

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

PWDIX

PWDIX Risk / Return Rank: 73
PWDIX Sharpe Ratio Rank: 67
PWDIX Sortino Ratio Rank: 70
PWDIX Omega Ratio Rank: 57
PWDIX Calmar Ratio Rank: 91
PWDIX Martin Ratio Rank: 78

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.

PWDIX vs. UPAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Donoghue Forlines Dividend Fund (PWDIX) 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.

	PWDIX	UPAAX	Difference
Sharpe ratio Return per unit of total volatility	2.40	—	—
Sortino ratio Return per unit of downside risk	3.50	—	—
Omega ratio Gain probability vs. loss probability	1.42	—	—
Calmar ratio Return relative to maximum drawdown	4.79	—	—
Martin ratio Return relative to average drawdown	14.65	—	—
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

	PWDIX	UPAAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.40	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	132.47	-132.05

Drawdowns

PWDIX vs. UPAAX - Drawdown Comparison

The maximum PWDIX drawdown since its inception was -40.86%, which is greater than UPAAX's maximum drawdown of -0.25%. Use the drawdown chart below to compare losses from any high point for PWDIX and UPAAX.

Drawdown Indicators

	PWDIX	UPAAX	Difference
Max Drawdown Largest peak-to-trough decline	-40.86%	-0.25%	-40.61%
Max Drawdown (1Y) Largest decline over 1 year	-5.44%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.86%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.29%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.86%	—	—
Current Drawdown Current decline from peak	-0.42%	0.00%	-0.42%
Average Drawdown Average peak-to-trough decline	-8.53%	-0.08%	-8.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	—	—

Volatility

Volatility by Period

	PWDIX	UPAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.86%	21.58%	-10.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.11%	21.58%	-7.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.51%	21.58%	-7.07%

PWDIX vs. UPAAX - Expense Ratio Comparison

PWDIX has a 1.56% expense ratio, which is lower than UPAAX's 2.49% expense ratio.

Dividends

PWDIX vs. UPAAX - Dividend Comparison

PWDIX's dividend yield for the trailing twelve months is around 1.82%, while UPAAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PWDIX Donoghue Forlines Dividend Fund	1.82%	1.22%	2.16%	1.75%	1.29%	2.31%	3.66%	3.10%	30.58%	3.25%	1.45%	3.55%
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%	0.00%

Frequently Asked Questions

Can I hold both PWDIX and UPAAX in my portfolio?

PWDIX and UPAAX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.