UPUPX vs. AAIZX

Last updated Apr 2, 2026

Compare and contrast key facts about Upright Growth Fund (UPUPX) and Alger AI Enablers & Adopters Z (AAIZX).

UPUPX is managed by Upright Investments Trust. It was launched on Jan 20, 1999. AAIZX is an actively managed fund by Alger. It was launched on Apr 4, 2024.

Performance

UPUPX vs. AAIZX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Upright Growth Fund (UPUPX) and Alger AI Enablers & Adopters Z (AAIZX). The values are adjusted to include any dividend payments, if applicable.

UPUPX vs. AAIZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
UPUPX Upright Growth Fund	0.75%	20.83%	28.83%
AAIZX Alger AI Enablers & Adopters Z	-7.82%	41.00%	33.76%

Returns By Period

In the year-to-date period, UPUPX achieves a 0.75% return, which is significantly higher than AAIZX's -7.82% return.

UPUPX

• 1D: 4.40%
• 1M: -4.12%
• YTD: 0.75%
• 6M: 2.91%
• 1Y: 33.51%
• 3Y*: 15.00%
• 5Y*: 0.83%
• 10Y*: 2.94%

AAIZX

• 1D: 4.88%
• 1M: -2.33%
• YTD: -7.82%
• 6M: -10.37%
• 1Y: 46.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UPUPX vs. AAIZX - Expense Ratio Comparison

UPUPX has a 2.09% expense ratio, which is higher than AAIZX's 0.55% expense ratio.

UPUPX

Upright Growth Fund

AAIZX

Alger AI Enablers & Adopters Z

Return for Risk

UPUPX vs. AAIZX — Risk / Return Rank

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

UPUPX

UPUPX Risk / Return Rank: 68
UPUPX Sharpe Ratio Rank: 65
UPUPX Sortino Ratio Rank: 64
UPUPX Omega Ratio Rank: 57
UPUPX Calmar Ratio Rank: 81
UPUPX Martin Ratio Rank: 73

AAIZX

AAIZX Risk / Return Rank: 83
AAIZX Sharpe Ratio Rank: 84
AAIZX Sortino Ratio Rank: 84
AAIZX Omega Ratio Rank: 78
AAIZX Calmar Ratio Rank: 90
AAIZX Martin Ratio Rank: 77

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.

UPUPX vs. AAIZX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Upright Growth Fund (UPUPX) and Alger AI Enablers & Adopters Z (AAIZX). 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.

	UPUPX	AAIZX	Difference
Sharpe ratio Return per unit of total volatility	1.25	1.68	-0.44
Sortino ratio Return per unit of downside risk	1.74	2.33	-0.59
Omega ratio Gain probability vs. loss probability	1.24	1.31	-0.08
Calmar ratio Return relative to maximum drawdown	2.12	2.71	-0.59
Martin ratio Return relative to average drawdown	7.61	8.16	-0.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UPUPX vs. AAIZX - Sharpe Ratio Comparison

The current UPUPX Sharpe Ratio is 1.25, which is comparable to the AAIZX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of UPUPX and AAIZX, 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

	UPUPX	AAIZX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	1.68	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	1.17	-1.17

Correlation

The correlation between UPUPX and AAIZX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

UPUPX vs. AAIZX - Dividend Comparison

UPUPX's dividend yield for the trailing twelve months is around 8.39%, more than AAIZX's 6.85% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UPUPX Upright Growth Fund	8.39%	8.45%	0.00%	2.12%	1.33%	3.85%	0.00%	0.00%	0.00%	3.53%	21.87%	5.39%
AAIZX Alger AI Enablers & Adopters Z	6.85%	6.31%	4.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

UPUPX vs. AAIZX - Drawdown Comparison

The maximum UPUPX drawdown since its inception was -98.87%, which is greater than AAIZX's maximum drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for UPUPX and AAIZX.

Drawdown Indicators

	UPUPX	AAIZX	Difference
Max Drawdown Largest peak-to-trough decline	-98.87%	-29.00%	-69.87%
Max Drawdown (1Y) Largest decline over 1 year	-16.21%	-17.47%	+1.26%
Max Drawdown (5Y) Largest decline over 5 years	-98.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-98.87%	—	—
Current Drawdown Current decline from peak	-98.21%	-13.44%	-84.77%
Average Drawdown Average peak-to-trough decline	-35.67%	-5.25%	-30.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.51%	5.79%	-1.28%

Volatility

UPUPX vs. AAIZX - Volatility Comparison

Upright Growth Fund (UPUPX) and Alger AI Enablers & Adopters Z (AAIZX) have volatilities of 9.67% and 9.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UPUPX	AAIZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.67%	9.48%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	18.78%	17.87%	+0.91%
Volatility (1Y) Calculated over the trailing 1-year period	27.92%	28.91%	-0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3,165.77%	27.99%	+3,137.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2,238.55%	27.99%	+2,210.56%