ALFAX vs. UMBHX

Last updated Jun 4, 2026

ALFAX (Lord Abbett Alpha Strategy Fund) and UMBHX (Carillon Scout Small Cap Fund) are both Small Cap Growth Equities funds. With a 1.00 correlation, they move nearly in lockstep. ALFAX charges 1.40%/yr vs 0.90%/yr for UMBHX.

Performance

ALFAX vs. UMBHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lord Abbett Alpha Strategy Fund (ALFAX) and Carillon Scout Small Cap Fund (UMBHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ALFAX

• 1D: 0.76%
• 1M: 4.83%
• YTD: 18.69%
• 6M: 18.13%
• 1Y: 32.77%
• 3Y*: 15.74%
• 5Y*: 5.22%
• 10Y*: 10.51%

UMBHX

• 1D: 2.34%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ALFAX vs. UMBHX - Yearly Performance Comparison

	2026 (YTD)
ALFAX Lord Abbett Alpha Strategy Fund	-0.31%
UMBHX Carillon Scout Small Cap Fund	0.44%

Correlation

The correlation between ALFAX and UMBHX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

Return for Risk

ALFAX vs. UMBHX — Risk / Return Rank

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

ALFAX

ALFAX Risk / Return Rank: 55
ALFAX Sharpe Ratio Rank: 48
ALFAX Sortino Ratio Rank: 46
ALFAX Omega Ratio Rank: 42
ALFAX Calmar Ratio Rank: 72
ALFAX Martin Ratio Rank: 65

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.

ALFAX vs. UMBHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Alpha Strategy Fund (ALFAX) 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.

	ALFAX	UMBHX	Difference
Sharpe ratio Return per unit of total volatility	2.03	—	—
Sortino ratio Return per unit of downside risk	2.87	—	—
Omega ratio Gain probability vs. loss probability	1.35	—	—
Calmar ratio Return relative to maximum drawdown	3.31	—	—
Martin ratio Return relative to average drawdown	12.75	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ALFAX	UMBHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	1.79	-1.36

Drawdowns

ALFAX vs. UMBHX - Drawdown Comparison

The maximum ALFAX drawdown since its inception was -57.11%, which is greater than UMBHX's maximum drawdown of -1.86%. Use the drawdown chart below to compare losses from any high point for ALFAX and UMBHX.

Drawdown Indicators

	ALFAX	UMBHX	Difference
Max Drawdown Largest peak-to-trough decline	-57.11%	-1.86%	-55.25%
Max Drawdown (1Y) Largest decline over 1 year	-10.31%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.88%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.29%	—	—
Current Drawdown Current decline from peak	-0.31%	0.00%	-0.31%
Average Drawdown Average peak-to-trough decline	-12.87%	-0.84%	-12.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	—	—

Volatility

Volatility by Period

	ALFAX	UMBHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.86%	30.30%	-13.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.86%	30.30%	-10.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.72%	30.30%	-9.58%

ALFAX vs. UMBHX - Expense Ratio Comparison

ALFAX has a 1.40% expense ratio, which is higher than UMBHX's 0.90% expense ratio.

Dividends

ALFAX vs. UMBHX - Dividend Comparison

ALFAX's dividend yield for the trailing twelve months is around 4.47%, while UMBHX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALFAX Lord Abbett Alpha Strategy Fund	4.47%	5.30%	0.80%	0.46%	6.94%	5.38%	7.99%	14.66%	16.61%	11.96%	11.85%	15.83%
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 ALFAX and UMBHX in my portfolio?

With a correlation of 1.00, ALFAX 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.