VALAX vs. UPDDX

Last updated Jun 24, 2026

VALAX (Al Frank Fund) and UPDDX (Upright Growth & Income Fund) are both Large Cap Value Equities funds. Their correlation of 0.83 suggests significant overlap in exposure. VALAX charges 1.24%/yr vs 2.57%/yr for UPDDX.

Performance

VALAX vs. UPDDX - Performance Comparison

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

Returns By Period

VALAX

• 1D: 0.85%
• 1M: 4.45%
• YTD: 25.18%
• 6M: 23.99%
• 1Y: 50.76%
• 3Y*: 25.05%
• 5Y*: 12.78%
• 10Y*: 15.04%

UPDDX

• 1D: 0.64%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VALAX vs. UPDDX - Yearly Performance Comparison

	2026 (YTD)
VALAX Al Frank Fund	3.27%
UPDDX Upright Growth & Income Fund	-1.89%

Correlation

The correlation between VALAX and UPDDX is 0.83, 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	0.83

Return for Risk

VALAX vs. UPDDX — Risk / Return Rank

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

VALAX

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

UPDDX

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

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.

VALAX vs. UPDDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Al Frank Fund (VALAX) and Upright Growth & Income Fund (UPDDX). 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.

	VALAX	UPDDX	Difference
Sharpe ratio: Return per unit of total volatility	3.63	—	—
Sortino ratio: Return per unit of downside risk	4.77	—	—
Omega ratio: Gain probability vs. loss probability	1.64	—	—
Calmar ratio: Return relative to maximum drawdown	6.08	—	—
Martin ratio: Return relative to average drawdown	23.87	—	—

Drawdowns

VALAX vs. UPDDX - Drawdown Comparison

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

Drawdown Indicators

	VALAX	UPDDX	Difference
Max Drawdown Largest peak-to-trough decline	-61.26%	-10.36%	-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	0.00%	-5.37%	+5.37%
Average Drawdown Average peak-to-trough decline	-10.72%	-4.62%	-6.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	—	—

Volatility

Volatility by Period

	VALAX	UPDDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.37%	34.88%	-20.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.86%	34.88%	-17.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	34.88%	-15.49%

VALAX vs. UPDDX - Expense Ratio Comparison

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

Dividends

VALAX vs. UPDDX - Dividend Comparison

VALAX's dividend yield for the trailing twelve months is around 6.91%, while UPDDX has not paid dividends to shareholders.

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	6.91%	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 VALAX and UPDDX in my portfolio?

VALAX and UPDDX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.