UPAAX vs. IPSHX

Last updated Jun 25, 2026

UPAAX (Upright Assets Allocation Plus Fund) and IPSHX (Pinnacle Sherman Multi-Strategy Core Fund) are both Tactical Allocation funds. Their correlation of 0.94 suggests significant overlap in exposure. UPAAX charges 2.49%/yr vs 1.24%/yr for IPSHX.

Performance

UPAAX vs. IPSHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Upright Assets Allocation Plus Fund (UPAAX) and Pinnacle Sherman Multi-Strategy Core Fund (IPSHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UPAAX

• 1D: -2.90%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPSHX

• 1D: -1.82%
• 1M: -0.95%
• YTD: 11.77%
• 6M: 10.04%
• 1Y: 28.27%
• 3Y*: 13.03%
• 5Y*: 5.70%
• 10Y*: 7.54%

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

UPAAX vs. IPSHX - Yearly Performance Comparison

	2026 (YTD)
UPAAX Upright Assets Allocation Plus Fund	-4.94%
IPSHX Pinnacle Sherman Multi-Strategy Core Fund	-2.06%

Correlation

The correlation between UPAAX and IPSHX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.94

Return for Risk

UPAAX vs. IPSHX — Risk / Return Rank

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

UPAAX

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

IPSHX

IPSHX Risk / Return Rank: 65
IPSHX Sharpe Ratio Rank: 60
IPSHX Sortino Ratio Rank: 51
IPSHX Omega Ratio Rank: 55
IPSHX Calmar Ratio Rank: 90
IPSHX Martin Ratio Rank: 71

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. IPSHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Upright Assets Allocation Plus Fund (UPAAX) and Pinnacle Sherman Multi-Strategy Core Fund (IPSHX). 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.

	UPAAX	IPSHX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.00	—
Sortino ratio: Return per unit of downside risk	—	2.62	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	4.12	—
Martin ratio: Return relative to average drawdown	—	12.02	—

Drawdowns

UPAAX vs. IPSHX - Drawdown Comparison

The maximum UPAAX drawdown since its inception was -10.95%, smaller than the maximum IPSHX drawdown of -25.73%. Use the drawdown chart below to compare losses from any high point for UPAAX and IPSHX.

Drawdown Indicators

	UPAAX	IPSHX	Difference
Max Drawdown Largest peak-to-trough decline	-10.95%	-25.73%	+14.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.12%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.73%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.73%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-25.73%	—
Current Drawdown Current decline from peak	-8.49%	-3.57%	-4.92%
Average Drawdown Average peak-to-trough decline	-5.21%	-7.90%	+2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.44%	—

Volatility

Volatility by Period

	UPAAX	IPSHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.88%	—
Volatility (1Y) Calculated over the trailing 1-year period	35.86%	14.65%	+21.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.86%	14.96%	+20.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.86%	15.05%	+20.81%

UPAAX vs. IPSHX - Expense Ratio Comparison

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

Dividends

UPAAX vs. IPSHX - Dividend Comparison

UPAAX has not paid dividends to shareholders, while IPSHX's dividend yield for the trailing twelve months is around 2.97%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IPSHX Pinnacle Sherman Multi-Strategy Core Fund	2.97%	3.32%	0.00%	0.00%	0.00%	16.18%	0.00%	0.90%	3.68%	6.15%	0.71%
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%

Frequently Asked Questions

Can I hold both UPAAX and IPSHX in my portfolio?

With a correlation of 0.94, UPAAX and IPSHX 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.