VTAIX vs. UPAAX

Last updated Jun 27, 2026

VTAIX (Virtus Tactical Allocation Fund Class I) and UPAAX (Upright Assets Allocation Plus Fund) are both Tactical Allocation funds. A 0.71 correlation means they provide meaningful diversification when combined. VTAIX charges 0.76%/yr vs 2.49%/yr for UPAAX.

Performance

VTAIX vs. UPAAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Virtus Tactical Allocation Fund Class I (VTAIX) and Upright Assets Allocation Plus Fund (UPAAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VTAIX

• 1D: 0.21%
• 1M: 0.81%
• YTD: 0.49%
• 6M: -0.23%
• 1Y: 0.57%
• 3Y*: 10.40%
• 5Y*: 2.00%
• 10Y*: —

UPAAX

• 1D: -0.79%
• 1M: -6.47%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VTAIX vs. UPAAX - Yearly Performance Comparison

	2026 (YTD)
VTAIX Virtus Tactical Allocation Fund Class I	0.81%
UPAAX Upright Assets Allocation Plus Fund	-6.47%

Correlation

The correlation between VTAIX and UPAAX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.71

Return for Risk

VTAIX vs. UPAAX — Risk / Return Rank

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

VTAIX

VTAIX Risk / Return Rank: 4
VTAIX Sharpe Ratio Rank: 4
VTAIX Sortino Ratio Rank: 4
VTAIX Omega Ratio Rank: 4
VTAIX Calmar Ratio Rank: 4
VTAIX Martin Ratio Rank: 4

UPAAX

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.

VTAIX vs. UPAAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Virtus Tactical Allocation Fund Class I (VTAIX) 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.

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.

	VTAIX	UPAAX	Difference
Sharpe ratio: Return per unit of total volatility	0.12	—	—
Sortino ratio: Return per unit of downside risk	0.23	—	—
Omega ratio: Gain probability vs. loss probability	1.03	—	—
Calmar ratio: Return relative to maximum drawdown	0.11	—	—
Martin ratio: Return relative to average drawdown	0.36	—	—

Drawdowns

VTAIX vs. UPAAX - Drawdown Comparison

The maximum VTAIX drawdown since its inception was -36.37%, which is greater than UPAAX's maximum drawdown of -10.95%. Use the drawdown chart below to compare losses from any high point for VTAIX and UPAAX.

Drawdown Indicators

	VTAIX	UPAAX	Difference
Max Drawdown Largest peak-to-trough decline	-36.37%	-10.95%	-25.42%
Max Drawdown (1Y) Largest decline over 1 year	-10.12%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.71%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.37%	—	—
Current Drawdown Current decline from peak	-1.85%	-9.96%	+8.11%
Average Drawdown Average peak-to-trough decline	-9.47%	-5.65%	-3.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	—	—

Volatility

Volatility by Period

	VTAIX	UPAAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.46%	34.02%	-24.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.76%	34.02%	-20.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.38%	34.02%	-19.64%

VTAIX vs. UPAAX - Expense Ratio Comparison

VTAIX has a 0.76% expense ratio, which is lower than UPAAX's 2.49% expense ratio.

Dividends

VTAIX vs. UPAAX - Dividend Comparison

VTAIX's dividend yield for the trailing twelve months is around 16.26%, while UPAAX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
UPAAX Upright Assets Allocation Plus Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VTAIX Virtus Tactical Allocation Fund Class I	16.26%	16.18%	13.67%	2.16%	7.58%	7.79%	2.26%	2.49%

Frequently Asked Questions

Can I hold both VTAIX and UPAAX in my portfolio?

VTAIX and UPAAX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.