UPDDX vs. UPAAX

Last updated Jun 3, 2026

UPDDX (Upright Growth & Income Fund) and UPAAX (Upright Assets Allocation Plus Fund) are both mutual funds - UPDDX is a Large Cap Value Equities fund managed by Upright Investments Trust, while UPAAX is a Tactical Allocation fund managed by Upright Investments Trust. With a 1.00 correlation, they move nearly in lockstep. UPDDX charges 2.57%/yr vs 2.49%/yr for UPAAX.

Performance

UPDDX vs. UPAAX - Performance Comparison

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

Returns By Period

UPDDX

• 1D: 2.25%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UPAAX

• 1D: 1.73%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UPDDX vs. UPAAX - Yearly Performance Comparison

	2026 (YTD)
UPDDX Upright Growth & Income Fund	1.92%
UPAAX Upright Assets Allocation Plus Fund	1.48%

Correlation

The correlation between UPDDX and UPAAX 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

UPDDX vs. UPAAX - Risk-Adjusted Trends Comparison

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

	UPDDX	UPAAX	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	48.43	34.28	+14.14

Drawdowns

UPDDX vs. UPAAX - Drawdown Comparison

The maximum UPDDX drawdown since its inception was -0.33%, which is greater than UPAAX's maximum drawdown of -0.25%. Use the drawdown chart below to compare losses from any high point for UPDDX and UPAAX.

Drawdown Indicators

	UPDDX	UPAAX	Difference
Max Drawdown Largest peak-to-trough decline	-0.33%	-0.25%	-0.08%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.16%	-0.12%	-0.04%

Volatility

Volatility by Period

	UPDDX	UPAAX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	28.98%	22.25%	+6.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.98%	22.25%	+6.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.98%	22.25%	+6.73%

UPDDX vs. UPAAX - Expense Ratio Comparison

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

Dividends

UPDDX vs. UPAAX - Dividend Comparison

Neither UPDDX nor UPAAX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UPDDX and UPAAX in my portfolio?

With a correlation of 1.00, UPDDX and UPAAX 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.