BERIX vs. UMBMX

Last updated Jun 4, 2026

BERIX (Chartwell Income Fund) and UMBMX (Carillon Scout Mid Cap Fund) are both mutual funds - BERIX is a Diversified Portfolio 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, BERIX returned 4.97%/yr vs 12.87%/yr for UMBMX. A 0.71 correlation means they provide meaningful diversification when combined. BERIX charges 0.64%/yr vs 0.95%/yr for UMBMX.

Performance

BERIX vs. UMBMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Chartwell Income Fund (BERIX) 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, BERIX achieves a 4.78% return, which is significantly lower than UMBMX's 13.58% return. Over the past 10 years, BERIX has underperformed UMBMX with an annualized return of 4.97%, while UMBMX has yielded a comparatively higher 12.87% annualized return.

BERIX

• 1D: 0.07%
• 1M: -0.28%
• YTD: 4.78%
• 6M: 5.34%
• 1Y: 13.74%
• 3Y*: 9.85%
• 5Y*: 4.63%
• 10Y*: 4.97%

UMBMX

• 1D: 1.25%
• 1M: 2.03%
• YTD: 13.58%
• 6M: 13.25%
• 1Y: 26.23%
• 3Y*: 21.04%
• 5Y*: 9.20%
• 10Y*: 12.87%

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

BERIX vs. UMBMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BERIX Chartwell Income Fund	4.78%	13.23%	7.20%	7.77%	-10.14%	7.35%	4.49%	9.69%	-0.81%	3.92%
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 BERIX and UMBMX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Nov 1, 2006	0.71

Over the past year, the correlation between BERIX and UMBMX has dropped to 0.42 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

Return for Risk

BERIX vs. UMBMX — Risk / Return Rank

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

BERIX

BERIX Risk / Return Rank: 88
BERIX Sharpe Ratio Rank: 87
BERIX Sortino Ratio Rank: 78
BERIX Omega Ratio Rank: 86
BERIX Calmar Ratio Rank: 94
BERIX Martin Ratio Rank: 92

UMBMX

UMBMX Risk / Return Rank: 49
UMBMX Sharpe Ratio Rank: 43
UMBMX Sortino Ratio Rank: 42
UMBMX Omega Ratio Rank: 39
UMBMX Calmar Ratio Rank: 60
UMBMX Martin Ratio Rank: 59

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.

BERIX vs. UMBMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chartwell Income Fund (BERIX) 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.

	BERIX	UMBMX	Difference
Sharpe ratio: Return per unit of total volatility	2.85	1.90	+0.94
Sortino ratio: Return per unit of downside risk	3.71	2.72	+1.00
Omega ratio: Gain probability vs. loss probability	1.59	1.33	+0.26
Calmar ratio: Return relative to maximum drawdown	5.54	2.98	+2.56
Martin ratio: Return relative to average drawdown	19.79	11.78	+8.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BERIX vs. UMBMX - Sharpe Ratio Comparison

The current BERIX Sharpe Ratio is 2.85, which is higher than the UMBMX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of BERIX 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.

Sharpe Ratios by Period

	BERIX	UMBMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	1.90	+0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.52	+0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.68	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	0.58	+0.48

Drawdowns

BERIX vs. UMBMX - Drawdown Comparison

The maximum BERIX drawdown since its inception was -20.34%, smaller than the maximum UMBMX drawdown of -49.91%. Use the drawdown chart below to compare losses from any high point for BERIX and UMBMX.

Drawdown Indicators

	BERIX	UMBMX	Difference
Max Drawdown Largest peak-to-trough decline	-20.34%	-49.91%	+29.57%
Max Drawdown (1Y) Largest decline over 1 year	-2.51%	-9.19%	+6.68%
Max Drawdown (3Y) Largest decline over 3 years	-5.82%	-19.41%	+13.59%
Max Drawdown (5Y) Largest decline over 5 years	-15.73%	-26.30%	+10.57%
Max Drawdown (10Y) Largest decline over 10 years	-20.34%	-36.91%	+16.57%
Current Drawdown Current decline from peak	-1.08%	-0.25%	-0.83%
Average Drawdown Average peak-to-trough decline	-2.59%	-7.11%	+4.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	2.32%	-1.62%

Volatility

BERIX vs. UMBMX - Volatility Comparison

The current volatility for Chartwell Income Fund (BERIX) is 1.33%, while Carillon Scout Mid Cap Fund (UMBMX) has a volatility of 4.31%. This indicates that BERIX 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

	BERIX	UMBMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	4.31%	-2.98%
Volatility (6M) Calculated over the trailing 6-month period	4.22%	11.28%	-7.06%
Volatility (1Y) Calculated over the trailing 1-year period	4.88%	14.37%	-9.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.94%	17.73%	-11.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.01%	19.11%	-13.10%

BERIX vs. UMBMX - Expense Ratio Comparison

BERIX has a 0.64% expense ratio, which is lower than UMBMX's 0.95% expense ratio.

Dividends

BERIX vs. UMBMX - Dividend Comparison

BERIX's dividend yield for the trailing twelve months is around 4.06%, less than UMBMX's 9.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BERIX Chartwell Income Fund	4.06%	3.97%	3.90%	3.36%	3.54%	2.58%	3.07%	3.03%	5.83%	5.22%	2.76%	2.45%
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 BERIX and UMBMX in my portfolio?

BERIX and UMBMX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BERIX or UMBMX?

UMBMX has higher volatility (4.31%) compared to BERIX (1.33%). In terms of maximum drawdown, BERIX dropped -20.34% vs UMBMX's -49.91%.

Which has better risk-adjusted returns?

BERIX currently has the higher Sharpe Ratio (2.85 vs 1.90), 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.