QMLFX vs. UPAAX

Last updated Aug 1, 2026

QMLFX (Quantified Market Leaders Fund) and UPAAX (Upright Assets Allocation Plus Fund) are both Tactical Allocation funds. Their correlation of 0.90 means they have usually moved in the same direction. QMLFX charges 1.30%/yr vs 2.49%/yr for UPAAX.

Performance

QMLFX vs. UPAAX - Performance Comparison

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

Returns By Period

QMLFX

• 1D: 2.79%
• 1M: -4.50%
• 6M: 5.84%
• YTD: 10.51%
• 1Y: 20.84%
• 3Y*: 7.05%
• 5Y*: 1.09%
• 10Y*: 9.08%
• ALL TIME*: 7.69%

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)
QMLFX Quantified Market Leaders Fund	$0.00	$0.00	$0.00
UPAAX Upright Assets Allocation Plus Fund	$0.00	$0.00	$0.00

QMLFX vs. UPAAX - Yearly Performance Comparison

	2026 (YTD)
QMLFX Quantified Market Leaders Fund	-5.16%
UPAAX Upright Assets Allocation Plus Fund	-9.19%

Correlation

The correlation between QMLFX and UPAAX is 0.90, 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	0.90

Return for Risk

QMLFX vs. UPAAX — Risk / Return Rank

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

QMLFX

QMLFX Risk / Return Rank: 22
QMLFX Sharpe Ratio Rank: 16
QMLFX Sortino Ratio Rank: 17
QMLFX Omega Ratio Rank: 18
QMLFX Calmar Ratio Rank: 32
QMLFX Martin Ratio Rank: 27

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.

QMLFX vs. UPAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Quantified Market Leaders Fund (QMLFX) 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.

	QMLFX	UPAAX	Difference
Sharpe ratio: Return per unit of total volatility	0.68	—	—
Sortino ratio: Return per unit of downside risk	1.05	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	1.46	—	—
Martin ratio: Return relative to average drawdown	4.06	—	—

Drawdowns

QMLFX vs. UPAAX - Drawdown Comparison

The maximum QMLFX drawdown since its inception was -36.59%, which is greater than UPAAX's maximum drawdown of -14.95%. Use the drawdown chart below to compare losses from any high point for QMLFX and UPAAX.

Drawdown Indicators

	QMLFX	UPAAX	Difference
Max Drawdown Largest peak-to-trough decline	-36.59%	-14.95%	-21.64%
Max Drawdown (1Y) Largest decline over 1 year	-11.43%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.21%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.26%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.59%	—	—
Current Drawdown Current decline from peak	-8.95%	-12.57%	+3.62%
Average Drawdown Average peak-to-trough decline	-12.44%	-8.48%	-3.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	—	—

Volatility

Volatility by Period

	QMLFX	UPAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.67%	27.85%	-3.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.72%	27.85%	-7.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.32%	27.85%	-6.53%

QMLFX vs. UPAAX - Expense Ratio Comparison

QMLFX has a 1.30% expense ratio, which is lower than UPAAX's 2.49% expense ratio.

Dividends

QMLFX vs. UPAAX - Dividend Comparison

QMLFX's dividend yield for the trailing twelve months is around 1.24%, while UPAAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QMLFX Quantified Market Leaders Fund	1.24%	1.37%	0.00%	1.99%	0.00%	26.84%	9.58%	0.00%	15.63%	12.15%	2.22%	1.63%
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 QMLFX and UPAAX in my portfolio?

With a correlation of 0.90, QMLFX and UPAAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.