UPDDX vs. VALAX

Last updated Jun 23, 2026

UPDDX (Upright Growth & Income Fund) and VALAX (Al Frank Fund) are both Large Cap Value Equities funds. Their correlation of 0.85 suggests significant overlap in exposure. UPDDX charges 2.57%/yr vs 1.24%/yr for VALAX.

Performance

UPDDX vs. VALAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Upright Growth & Income Fund (UPDDX) and Al Frank Fund (VALAX). 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*: —

VALAX

• 1D: 0.83%
• 1M: 3.57%
• YTD: 24.12%
• 6M: 22.98%
• 1Y: 50.57%
• 3Y*: 23.58%
• 5Y*: 13.03%
• 10Y*: 14.62%

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

UPDDX vs. VALAX - Yearly Performance Comparison

	2026 (YTD)
UPDDX Upright Growth & Income Fund	-2.51%
VALAX Al Frank Fund	2.40%

Correlation

The correlation between UPDDX and VALAX is 0.85, 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	0.85

Return for Risk

UPDDX vs. VALAX — 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.

VALAX

VALAX Risk / Return Rank: 95
VALAX Sharpe Ratio Rank: 98
VALAX Sortino Ratio Rank: 95
VALAX Omega Ratio Rank: 91
VALAX Calmar Ratio Rank: 96
VALAX Martin Ratio Rank: 97

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. VALAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Upright Growth & Income Fund (UPDDX) and Al Frank Fund (VALAX). 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	VALAX	Difference
Sharpe ratio: Return per unit of total volatility	—	3.54	—
Sortino ratio: Return per unit of downside risk	—	4.66	—
Omega ratio: Gain probability vs. loss probability	—	1.63	—
Calmar ratio: Return relative to maximum drawdown	—	5.92	—
Martin ratio: Return relative to average drawdown	—	23.22	—

Drawdowns

UPDDX vs. VALAX - Drawdown Comparison

The maximum UPDDX drawdown since its inception was -10.36%, smaller than the maximum VALAX drawdown of -61.26%. Use the drawdown chart below to compare losses from any high point for UPDDX and VALAX.

Drawdown Indicators

	UPDDX	VALAX	Difference
Max Drawdown Largest peak-to-trough decline	-10.36%	-61.26%	+50.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.56%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.22%	—
Current Drawdown Current decline from peak	-5.98%	-0.19%	-5.79%
Average Drawdown Average peak-to-trough decline	-4.58%	-10.72%	+6.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.18%	—

Volatility

Volatility by Period

	UPDDX	VALAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	35.89%	14.33%	+21.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.89%	17.87%	+18.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.89%	19.38%	+16.51%

UPDDX vs. VALAX - Expense Ratio Comparison

UPDDX has a 2.57% expense ratio, which is higher than VALAX's 1.24% expense ratio.

Dividends

UPDDX vs. VALAX - Dividend Comparison

UPDDX has not paid dividends to shareholders, while VALAX's dividend yield for the trailing twelve months is around 6.97%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VALAX Al Frank Fund	6.97%	8.65%	10.32%	5.95%	8.62%	6.83%	7.17%	13.51%	10.73%	10.66%	5.32%	9.53%

Frequently Asked Questions

Can I hold both UPDDX and VALAX in my portfolio?

UPDDX and VALAX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.