ACWDX vs. UMBHX

Last updated Jul 15, 2026

ACWDX (AMG GW&K Small/Mid Cap Growth Fund) and UMBHX (Carillon Scout Small Cap Fund) are both Small Cap Growth Equities funds. Their correlation of 0.95 suggests significant overlap in exposure. ACWDX charges 1.00%/yr vs 0.90%/yr for UMBHX.

Performance

ACWDX vs. UMBHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AMG GW&K Small/Mid Cap Growth Fund (ACWDX) and Carillon Scout Small Cap Fund (UMBHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ACWDX

• 1D: -1.38%
• 1M: 0.45%
• 6M: 8.61%
• YTD: 15.39%
• 1Y: 14.99%
• 3Y*: 10.61%
• 5Y*: 4.89%
• 10Y*: 10.63%

UMBHX

• 1D: -2.08%
• 1M: -2.25%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ACWDX vs. UMBHX - Yearly Performance Comparison

	2026 (YTD)
ACWDX AMG GW&K Small/Mid Cap Growth Fund	1.48%
UMBHX Carillon Scout Small Cap Fund	-0.51%

Correlation

The correlation between ACWDX and UMBHX is 0.95, 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	0.95

Return for Risk

ACWDX vs. UMBHX — Risk / Return Rank

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

ACWDX

ACWDX Risk / Return Rank: 14
ACWDX Sharpe Ratio Rank: 13
ACWDX Sortino Ratio Rank: 12
ACWDX Omega Ratio Rank: 15
ACWDX Calmar Ratio Rank: 17
ACWDX Martin Ratio Rank: 15

UMBHX

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.

ACWDX vs. UMBHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AMG GW&K Small/Mid Cap Growth Fund (ACWDX) and Carillon Scout Small Cap Fund (UMBHX). 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.

	ACWDX	UMBHX	Difference
Sharpe ratio: Return per unit of total volatility	0.70	—	—
Sortino ratio: Return per unit of downside risk	1.02	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	1.04	—	—
Martin ratio: Return relative to average drawdown	2.81	—	—

Drawdowns

ACWDX vs. UMBHX - Drawdown Comparison

The maximum ACWDX drawdown since its inception was -38.86%, which is greater than UMBHX's maximum drawdown of -6.82%. Use the drawdown chart below to compare losses from any high point for ACWDX and UMBHX.

Drawdown Indicators

	ACWDX	UMBHX	Difference
Max Drawdown Largest peak-to-trough decline	-38.86%	-6.82%	-32.04%
Max Drawdown (1Y) Largest decline over 1 year	-14.99%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.74%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.86%	—	—
Current Drawdown Current decline from peak	-3.86%	-6.82%	+2.96%
Average Drawdown Average peak-to-trough decline	-9.99%	-2.16%	-7.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.55%	—	—

Volatility

Volatility by Period

	ACWDX	UMBHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.28%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.28%	31.26%	-8.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.13%	31.26%	-9.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.35%	31.26%	-7.91%

ACWDX vs. UMBHX - Expense Ratio Comparison

ACWDX has a 1.00% expense ratio, which is higher than UMBHX's 0.90% expense ratio.

Dividends

ACWDX vs. UMBHX - Dividend Comparison

Neither ACWDX nor UMBHX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACWDX AMG GW&K Small/Mid Cap Growth Fund	0.00%	0.00%	0.74%	0.00%	2.04%	58.27%	4.00%	0.00%	0.00%	0.00%	0.00%	0.02%
UMBHX Carillon Scout Small Cap 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%

Frequently Asked Questions

Can I hold both ACWDX and UMBHX in my portfolio?

With a correlation of 0.95, ACWDX and UMBHX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.