UPAAX vs. ICSIX

Last updated Jun 5, 2026

UPAAX (Upright Assets Allocation Plus Fund) and ICSIX (Dynamic U.S. Opportunity Fund) are both Tactical Allocation funds. With a 1.00 correlation, they move nearly in lockstep. UPAAX charges 2.49%/yr vs 1.24%/yr for ICSIX.

Performance

UPAAX vs. ICSIX - Performance Comparison

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

Returns By Period

UPAAX

• 1D: -0.95%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ICSIX

• 1D: -0.67%
• 1M: 2.50%
• YTD: 6.11%
• 6M: 6.74%
• 1Y: 18.60%
• 3Y*: 13.19%
• 5Y*: 8.46%
• 10Y*: 11.01%

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

UPAAX vs. ICSIX - Yearly Performance Comparison

	2026 (YTD)
UPAAX Upright Assets Allocation Plus Fund	2.88%
ICSIX Dynamic U.S. Opportunity Fund	-0.47%

Correlation

The correlation between UPAAX and ICSIX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

Return for Risk

UPAAX vs. ICSIX — Risk / Return Rank

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

ICSIX

ICSIX Risk / Return Rank: 46
ICSIX Sharpe Ratio Rank: 41
ICSIX Sortino Ratio Rank: 39
ICSIX Omega Ratio Rank: 39
ICSIX Calmar Ratio Rank: 54
ICSIX Martin Ratio Rank: 59

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. ICSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Upright Assets Allocation Plus Fund (UPAAX) and Dynamic U.S. Opportunity Fund (ICSIX). 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	ICSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.81	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	23.09	0.64	+22.45

Drawdowns

UPAAX vs. ICSIX - Drawdown Comparison

The maximum UPAAX drawdown since its inception was -0.95%, smaller than the maximum ICSIX drawdown of -25.63%. Use the drawdown chart below to compare losses from any high point for UPAAX and ICSIX.

Drawdown Indicators

	UPAAX	ICSIX	Difference
Max Drawdown Largest peak-to-trough decline	-0.95%	-25.63%	+24.68%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.90%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.63%	—
Current Drawdown Current decline from peak	-0.95%	-0.67%	-0.28%
Average Drawdown Average peak-to-trough decline	-0.30%	-3.23%	+2.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.61%	—

Volatility

Volatility by Period

	UPAAX	ICSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.32%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.99%	10.27%	+14.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.99%	16.49%	+8.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.99%	15.63%	+9.36%

UPAAX vs. ICSIX - Expense Ratio Comparison

UPAAX has a 2.49% expense ratio, which is higher than ICSIX's 1.24% expense ratio.

Dividends

UPAAX vs. ICSIX - Dividend Comparison

UPAAX has not paid dividends to shareholders, while ICSIX's dividend yield for the trailing twelve months is around 18.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICSIX Dynamic U.S. Opportunity Fund	18.03%	19.13%	19.10%	0.97%	2.55%	5.47%	5.78%	0.49%	12.55%	2.50%	4.76%	2.22%
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 UPAAX and ICSIX in my portfolio?

With a correlation of 1.00, UPAAX and ICSIX 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.