UPAAX vs. CFNDX

Last updated Jun 4, 2026

UPAAX (Upright Assets Allocation Plus Fund) and CFNDX (Cargile Fund) are both Tactical Allocation funds. At a correlation of -1.00, they often move in opposite directions. UPAAX charges 2.49%/yr vs 1.52%/yr for CFNDX.

Performance

UPAAX vs. CFNDX - Performance Comparison

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

Returns By Period

UPAAX

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

CFNDX

• 1D: 0.09%
• 1M: 4.98%
• YTD: 9.25%
• 6M: 9.16%
• 1Y: 19.10%
• 3Y*: 8.57%
• 5Y*: 2.37%
• 10Y*: —

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

UPAAX vs. CFNDX - Yearly Performance Comparison

	2026 (YTD)
UPAAX Upright Assets Allocation Plus Fund	3.87%
CFNDX Cargile Fund	0.56%

Correlation

The correlation between UPAAX and CFNDX is -1.00, 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 29, 2026	-1.00

Return for Risk

UPAAX vs. CFNDX — Risk / Return Rank

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

CFNDX

CFNDX Risk / Return Rank: 57
CFNDX Sharpe Ratio Rank: 58
CFNDX Sortino Ratio Rank: 59
CFNDX Omega Ratio Rank: 61
CFNDX Calmar Ratio Rank: 44
CFNDX Martin Ratio Rank: 63

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.

UPAAX vs. CFNDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Upright Assets Allocation Plus Fund (UPAAX) and Cargile Fund (CFNDX). 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.

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

Sharpe Ratios by Period

	UPAAX	CFNDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.24	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	132.47	0.00	+132.47

Drawdowns

UPAAX vs. CFNDX - Drawdown Comparison

The maximum UPAAX drawdown since its inception was -0.25%, smaller than the maximum CFNDX drawdown of -99.16%. Use the drawdown chart below to compare losses from any high point for UPAAX and CFNDX.

Drawdown Indicators

	UPAAX	CFNDX	Difference
Max Drawdown Largest peak-to-trough decline	-0.25%	-99.16%	+98.91%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.72%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-99.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.16%	—
Current Drawdown Current decline from peak	0.00%	-98.89%	+98.89%
Average Drawdown Average peak-to-trough decline	-0.08%	-24.79%	+24.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.57%	—

Volatility

Volatility by Period

	UPAAX	CFNDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.58%	8.69%	+12.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.58%	6,034.95%	-6,013.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.58%	4,801.90%	-4,780.32%

UPAAX vs. CFNDX - Expense Ratio Comparison

UPAAX has a 2.49% expense ratio, which is higher than CFNDX's 1.52% expense ratio.

Dividends

UPAAX vs. CFNDX - Dividend Comparison

UPAAX has not paid dividends to shareholders, while CFNDX's dividend yield for the trailing twelve months is around 0.96%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CFNDX Cargile Fund	0.96%	1.05%	1.45%	2.56%	0.00%	0.00%	1.16%	1.24%
UPAAX Upright Assets Allocation Plus Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UPAAX and CFNDX in my portfolio?

UPAAX and CFNDX have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.