UPDDX vs. FFNOX

Last updated Jun 23, 2026

UPDDX (Upright Growth & Income Fund) and FFNOX (Fidelity Multi-Asset Index Fund) are both mutual funds - UPDDX is a Large Cap Value Equities fund managed by Upright Investments Trust, while FFNOX is a Diversified Portfolio fund actively managed by Fidelity. Their correlation of 0.82 suggests significant overlap in exposure. UPDDX charges 2.57%/yr vs 0.11%/yr for FFNOX.

Performance

UPDDX vs. FFNOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Upright Growth & Income Fund (UPDDX) and Fidelity Multi-Asset Index Fund (FFNOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UPDDX

• 1D: 2.20%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FFNOX

• 1D: 1.16%
• 1M: 2.04%
• YTD: 11.33%
• 6M: 11.14%
• 1Y: 26.10%
• 3Y*: 17.15%
• 5Y*: 9.73%
• 10Y*: 11.33%

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

UPDDX vs. FFNOX - Yearly Performance Comparison

	2026 (YTD)
UPDDX Upright Growth & Income Fund	-2.51%
FFNOX Fidelity Multi-Asset Index Fund	1.05%

Correlation

The correlation between UPDDX and FFNOX is 0.82, 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	0.82

Return for Risk

UPDDX vs. FFNOX — Risk / Return Rank

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

UPDDX

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

FFNOX

FFNOX Risk / Return Rank: 66
FFNOX Sharpe Ratio Rank: 65
FFNOX Sortino Ratio Rank: 62
FFNOX Omega Ratio Rank: 64
FFNOX Calmar Ratio Rank: 66
FFNOX 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.

UPDDX vs. FFNOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Upright Growth & Income Fund (UPDDX) and Fidelity Multi-Asset Index Fund (FFNOX). 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.

	UPDDX	FFNOX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.17	—
Sortino ratio: Return per unit of downside risk	—	3.01	—
Omega ratio: Gain probability vs. loss probability	—	1.40	—
Calmar ratio: Return relative to maximum drawdown	—	2.99	—
Martin ratio: Return relative to average drawdown	—	12.78	—

Drawdowns

UPDDX vs. FFNOX - Drawdown Comparison

The maximum UPDDX drawdown since its inception was -10.36%, smaller than the maximum FFNOX drawdown of -49.84%. Use the drawdown chart below to compare losses from any high point for UPDDX and FFNOX.

Drawdown Indicators

	UPDDX	FFNOX	Difference
Max Drawdown Largest peak-to-trough decline	-10.36%	-49.84%	+39.48%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.10%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.93%	—
Current Drawdown Current decline from peak	-5.98%	-0.22%	-5.76%
Average Drawdown Average peak-to-trough decline	-4.58%	-8.69%	+4.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.01%	—

Volatility

Volatility by Period

	UPDDX	FFNOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	35.89%	11.86%	+24.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.89%	13.88%	+22.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.89%	14.62%	+21.27%

UPDDX vs. FFNOX - Expense Ratio Comparison

UPDDX has a 2.57% expense ratio, which is higher than FFNOX's 0.11% expense ratio.

Dividends

UPDDX vs. FFNOX - Dividend Comparison

UPDDX has not paid dividends to shareholders, while FFNOX's dividend yield for the trailing twelve months is around 2.31%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFNOX Fidelity Multi-Asset Index Fund	2.31%	3.68%	6.43%	3.18%	7.14%	5.71%	2.87%	2.96%	2.90%	0.64%	2.50%	0.70%
UPDDX Upright Growth & Income 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 UPDDX and FFNOX in my portfolio?

UPDDX and FFNOX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.