UPAAX vs. UPDDX

Last updated Apr 1, 2026

Compare and contrast key facts about Upright Assets Allocation Plus Fund (UPAAX) and Upright Growth & Income Fund (UPDDX).

UPAAX is managed by Upright Investments Trust. It was launched on Oct 9, 2017. UPDDX is managed by Upright Investments Trust. It was launched on Oct 10, 2017.

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.

UPAAX vs. UPDDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UPAAX Upright Assets Allocation Plus Fund	-6.72%	24.36%	25.67%	24.63%	-41.14%	48.33%	44.73%	-4.47%	0.00%	0.00%
UPDDX Upright Growth & Income Fund	-4.20%	32.37%	47.53%	32.49%	-42.03%	57.51%	49.47%	-6.85%	12.83%	0.00%

Returns By Period

In the year-to-date period, UPAAX achieves a -6.72% return, which is significantly lower than UPDDX's -4.20% return.

UPAAX

• 1D: -1.76%
• 1M: -11.89%
• YTD: -6.72%
• 6M: -5.19%
• 1Y: 33.01%
• 3Y*: 17.12%
• 5Y*: 4.40%
• 10Y*: —

UPDDX

• 1D: -1.60%
• 1M: -8.91%
• YTD: -4.20%
• 6M: -1.20%
• 1Y: 44.26%
• 3Y*: 28.07%
• 5Y*: 11.26%
• 10Y*: —

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

UPAAX vs. UPDDX - Expense Ratio Comparison

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

UPDDX

Upright Growth & Income Fund

UPAAX

Upright Assets Allocation Plus Fund

Return for Risk

UPAAX vs. UPDDX — Risk / Return Rank

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

UPAAX

UPAAX Risk / Return Rank: 43
UPAAX Sharpe Ratio Rank: 40
UPAAX Sortino Ratio Rank: 44
UPAAX Omega Ratio Rank: 45
UPAAX Calmar Ratio Rank: 42
UPAAX Martin Ratio Rank: 45

UPDDX

UPDDX Risk / Return Rank: 77
UPDDX Sharpe Ratio Rank: 75
UPDDX Sortino Ratio Rank: 75
UPDDX Omega Ratio Rank: 73
UPDDX Calmar Ratio Rank: 81
UPDDX Martin Ratio Rank: 82

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. 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.

	UPAAX	UPDDX	Difference
Sharpe ratio Return per unit of total volatility	0.87	1.33	-0.46
Sortino ratio Return per unit of downside risk	1.35	1.86	-0.50
Omega ratio Gain probability vs. loss probability	1.20	1.27	-0.08
Calmar ratio Return relative to maximum drawdown	1.10	1.95	-0.85
Martin ratio Return relative to average drawdown	4.58	8.14	-3.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UPAAX vs. UPDDX - Sharpe Ratio Comparison

The current UPAAX Sharpe Ratio is 0.87, which is lower than the UPDDX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of UPAAX and UPDDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UPAAX	UPDDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	1.33	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	0.01	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.02	-0.01

Correlation

The correlation between UPAAX and UPDDX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

UPAAX vs. UPDDX - Dividend Comparison

UPAAX's dividend yield for the trailing twelve months is around 0.07%, while UPDDX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
UPAAX Upright Assets Allocation Plus Fund	0.07%	0.06%	0.00%	0.81%	1.64%	0.00%	0.48%	0.00%	0.00%
UPDDX Upright Growth & Income Fund	0.00%	0.00%	0.00%	0.61%	2.35%	0.00%	0.00%	0.00%	11.37%

Drawdowns

UPAAX vs. UPDDX - Drawdown Comparison

The maximum UPAAX drawdown since its inception was -98.72%, roughly equal to the maximum UPDDX drawdown of -97.91%. 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	-98.72%	-97.91%	-0.81%
Max Drawdown (1Y) Largest decline over 1 year	-25.04%	-20.42%	-4.62%
Max Drawdown (5Y) Largest decline over 5 years	-98.72%	-97.91%	-0.81%
Current Drawdown Current decline from peak	-97.79%	-96.28%	-1.51%
Average Drawdown Average peak-to-trough decline	-25.08%	-24.40%	-0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.03%	4.89%	+1.14%

Volatility

UPAAX vs. UPDDX - Volatility Comparison

Upright Assets Allocation Plus Fund (UPAAX) has a higher volatility of 8.37% compared to Upright Growth & Income Fund (UPDDX) at 6.67%. This indicates that UPAAX's price experiences larger fluctuations and is considered to be riskier than UPDDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UPAAX	UPDDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.37%	6.67%	+1.70%
Volatility (6M) Calculated over the trailing 6-month period	22.00%	18.39%	+3.61%
Volatility (1Y) Calculated over the trailing 1-year period	38.27%	33.72%	+4.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2,467.93%	1,284.78%	+1,183.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1,897.08%	987.67%	+909.41%