BERCX vs. UMBMX

Last updated Jun 25, 2026

BERCX (Chartwell Mid Cap Value Fund) and UMBMX (Carillon Scout Mid Cap Fund) are both mutual funds - BERCX is a Mid Cap Value Equities fund managed by Carillon Family of Funds, while UMBMX is a Mid Cap Blend Equities fund managed by Carillon Family of Funds. Over the past 10 years, BERCX returned 9.20%/yr vs 13.21%/yr for UMBMX. Their correlation of 0.87 suggests significant overlap in exposure. BERCX charges 0.90%/yr vs 0.95%/yr for UMBMX.

Performance

BERCX vs. UMBMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chartwell Mid Cap Value Fund (BERCX) and Carillon Scout Mid Cap Fund (UMBMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BERCX achieves a 9.90% return, which is significantly lower than UMBMX's 13.58% return. Over the past 10 years, BERCX has underperformed UMBMX with an annualized return of 9.20%, while UMBMX has yielded a comparatively higher 13.21% annualized return.

BERCX

• 1D: -1.03%
• 1M: 1.61%
• YTD: 9.90%
• 6M: 8.72%
• 1Y: 19.49%
• 3Y*: 13.17%
• 5Y*: 7.50%
• 10Y*: 9.20%

UMBMX

• 1D: -1.25%
• 1M: 1.55%
• YTD: 13.58%
• 6M: 11.84%
• 1Y: 24.02%
• 3Y*: 20.60%
• 5Y*: 9.21%
• 10Y*: 13.21%

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

BERCX vs. UMBMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BERCX Chartwell Mid Cap Value Fund	9.90%	11.77%	11.35%	6.93%	-11.61%	27.30%	-3.83%	23.31%	-10.92%	16.98%
UMBMX Carillon Scout Mid Cap Fund	13.58%	15.46%	22.93%	12.73%	-17.31%	15.69%	27.28%	20.76%	-9.83%	24.04%

Correlation

The correlation between BERCX and UMBMX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 31, 2006	0.87

The correlation between BERCX and UMBMX has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.

Return for Risk

BERCX vs. UMBMX — Risk / Return Rank

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

BERCX

BERCX Risk / Return Rank: 27
BERCX Sharpe Ratio Rank: 24
BERCX Sortino Ratio Rank: 27
BERCX Omega Ratio Rank: 25
BERCX Calmar Ratio Rank: 29
BERCX Martin Ratio Rank: 29

UMBMX

UMBMX Risk / Return Rank: 47
UMBMX Sharpe Ratio Rank: 41
UMBMX Sortino Ratio Rank: 41
UMBMX Omega Ratio Rank: 37
UMBMX Calmar Ratio Rank: 59
UMBMX Martin Ratio Rank: 58

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.

BERCX vs. UMBMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chartwell Mid Cap Value Fund (BERCX) and Carillon Scout Mid Cap Fund (UMBMX). 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.

	BERCX	UMBMX	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.69	-0.46
Sortino ratio: Return per unit of downside risk	1.91	2.42	-0.51
Omega ratio: Gain probability vs. loss probability	1.23	1.30	-0.07
Calmar ratio: Return relative to maximum drawdown	1.77	2.75	-0.98
Martin ratio: Return relative to average drawdown	5.98	10.77	-4.79

BERCX vs. UMBMX - Sharpe Ratio Comparison

The current BERCX Sharpe Ratio is 1.23, which is comparable to the UMBMX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of BERCX and UMBMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BERCX vs. UMBMX - Drawdown Comparison

The maximum BERCX drawdown since its inception was -52.71%, which is greater than UMBMX's maximum drawdown of -49.91%. Use the drawdown chart below to compare losses from any high point for BERCX and UMBMX.

Drawdown Indicators

	BERCX	UMBMX	Difference
Max Drawdown Largest peak-to-trough decline	-52.71%	-49.91%	-2.80%
Max Drawdown (1Y) Largest decline over 1 year	-11.45%	-9.19%	-2.26%
Max Drawdown (3Y) Largest decline over 3 years	-19.57%	-19.41%	-0.16%
Max Drawdown (5Y) Largest decline over 5 years	-22.04%	-26.30%	+4.26%
Max Drawdown (10Y) Largest decline over 10 years	-42.41%	-36.91%	-5.50%
Current Drawdown Current decline from peak	-1.82%	-1.46%	-0.36%
Average Drawdown Average peak-to-trough decline	-7.52%	-7.09%	-0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	2.35%	+1.04%

Volatility

BERCX vs. UMBMX - Volatility Comparison

The current volatility for Chartwell Mid Cap Value Fund (BERCX) is 4.79%, while Carillon Scout Mid Cap Fund (UMBMX) has a volatility of 5.34%. This indicates that BERCX experiences smaller price fluctuations and is considered to be less risky than UMBMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BERCX	UMBMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	5.34%	-0.55%
Volatility (6M) Calculated over the trailing 6-month period	12.31%	11.99%	+0.32%
Volatility (1Y) Calculated over the trailing 1-year period	16.49%	15.00%	+1.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.35%	17.80%	-0.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.20%	19.12%	+0.08%

BERCX vs. UMBMX - Expense Ratio Comparison

BERCX has a 0.90% expense ratio, which is lower than UMBMX's 0.95% expense ratio.

Dividends

BERCX vs. UMBMX - Dividend Comparison

BERCX's dividend yield for the trailing twelve months is around 11.57%, more than UMBMX's 9.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BERCX Chartwell Mid Cap Value Fund	11.57%	12.71%	13.39%	3.20%	1.12%	0.60%	1.12%	2.08%	8.03%	23.00%	3.32%	0.92%
UMBMX Carillon Scout Mid Cap Fund	9.06%	10.29%	15.75%	0.17%	4.21%	11.54%	2.40%	0.74%	8.09%	8.38%	2.39%	8.74%

Frequently Asked Questions

Can I hold both BERCX and UMBMX in my portfolio?

BERCX and UMBMX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BERCX or UMBMX?

UMBMX has higher volatility (5.34%) compared to BERCX (4.79%). In terms of maximum drawdown, BERCX dropped -52.71% vs UMBMX's -49.91%.

Which has better risk-adjusted returns?

UMBMX currently has the higher Sharpe Ratio (1.69 vs 1.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.