UPDDX vs. UPAAX

Last updated Apr 1, 2026

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

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

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.

UPDDX vs. UPAAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
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%

Returns By Period

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

UPDDX

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

UPAAX

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

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

UPDDX vs. UPAAX - Expense Ratio Comparison

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

UPDDX

Upright Growth & Income Fund

UPAAX

Upright Assets Allocation Plus Fund

Return for Risk

UPDDX vs. UPAAX — Risk / Return Rank

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

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

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

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. 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.

	UPDDX	UPAAX	Difference
Sharpe ratio Return per unit of total volatility	1.33	0.87	+0.46
Sortino ratio Return per unit of downside risk	1.86	1.35	+0.50
Omega ratio Gain probability vs. loss probability	1.27	1.20	+0.08
Calmar ratio Return relative to maximum drawdown	1.95	1.10	+0.85
Martin ratio Return relative to average drawdown	8.14	4.58	+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.

UPDDX vs. UPAAX - Sharpe Ratio Comparison

The current UPDDX Sharpe Ratio is 1.33, which is higher than the UPAAX Sharpe Ratio of 0.87. The chart below compares the historical Sharpe Ratios of UPDDX and UPAAX, 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

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

Correlation

The correlation between UPDDX and UPAAX 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

UPDDX vs. UPAAX - Dividend Comparison

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

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

Drawdowns

UPDDX vs. UPAAX - Drawdown Comparison

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

Volatility

UPDDX vs. UPAAX - Volatility Comparison

The current volatility for Upright Growth & Income Fund (UPDDX) is 6.67%, while Upright Assets Allocation Plus Fund (UPAAX) has a volatility of 8.37%. This indicates that UPDDX experiences smaller price fluctuations and is considered to be less risky than UPAAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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