UPAAX vs. UPDDX

Last updated Jul 14, 2026

UPAAX (Upright Assets Allocation Plus Fund) and UPDDX (Upright Growth & Income Fund) are both mutual funds - UPAAX is a Tactical Allocation fund managed by Upright Investments Trust, while UPDDX is a Large Cap Value Equities fund managed by Upright Investments Trust. With a 0.98 correlation, they move nearly in lockstep. UPAAX charges 2.49%/yr vs 2.57%/yr for UPDDX.

Performance

UPAAX vs. UPDDX - Performance Comparison

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

Returns By Period

UPAAX

• 1D: -0.60%
• 1M: -0.73%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UPDDX

• 1D: 0.00%
• 1M: -0.40%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UPAAX vs. UPDDX - Yearly Performance Comparison

	2026 (YTD)
UPAAX Upright Assets Allocation Plus Fund	-4.99%
UPDDX Upright Growth & Income Fund	-4.31%

Correlation

The correlation between UPAAX and UPDDX is 0.98 - 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 28, 2026	0.98

Return for Risk

UPAAX vs. UPDDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Upright Assets Allocation Plus Fund (UPAAX) and Upright Growth & Income Fund (UPDDX). 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.

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

Drawdowns

UPAAX vs. UPDDX - Drawdown Comparison

The maximum UPAAX drawdown since its inception was -10.95%, roughly equal to the maximum UPDDX drawdown of -10.77%. Use the drawdown chart below to compare losses from any high point for UPAAX and UPDDX.

Drawdown Indicators

	UPAAX	UPDDX	Difference
Max Drawdown Largest peak-to-trough decline	-10.95%	-10.77%	-0.18%
Current Drawdown Current decline from peak	-8.53%	-7.71%	-0.82%
Average Drawdown Average peak-to-trough decline	-6.80%	-6.51%	-0.29%

Volatility

Volatility by Period

	UPAAX	UPDDX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	30.63%	29.89%	+0.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.63%	29.89%	+0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.63%	29.89%	+0.74%

UPAAX vs. UPDDX - Expense Ratio Comparison

UPAAX has a 2.49% expense ratio, which is lower than UPDDX's 2.57% expense ratio.

Dividends

UPAAX vs. UPDDX - Dividend Comparison

Neither UPAAX nor UPDDX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UPAAX and UPDDX in my portfolio?

With a correlation of 0.98, UPAAX and UPDDX 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.