CBALX vs. HRCVX

Last updated Aug 1, 2026

CBALX (Columbia Balanced Fund) and HRCVX (Carillon Eagle Growth & Income Fund) are both mutual funds - CBALX is a Diversified Portfolio fund managed by Columbia, while HRCVX is a Large Cap Value Equities fund managed by Carillon Family of Funds. Over the past 10 years, CBALX returned 9.71%/yr vs 10.77%/yr for HRCVX. Their correlation of 0.89 means they have usually moved in the same direction. CBALX charges 0.67%/yr vs 0.96%/yr for HRCVX.

Performance

CBALX vs. HRCVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Balanced Fund (CBALX) and Carillon Eagle Growth & Income Fund (HRCVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CBALX achieves a 5.53% return, which is significantly lower than HRCVX's 10.89% return. Over the past 10 years, CBALX has underperformed HRCVX with an annualized return of 9.71%, while HRCVX has yielded a comparatively higher 10.77% annualized return.

CBALX

• 1D: 1.25%
• 1M: -0.54%
• 6M: 5.02%
• YTD: 5.53%
• 1Y: 12.15%
• 3Y*: 13.22%
• 5Y*: 7.55%
• 10Y*: 9.71%
• ALL TIME*: 8.19%

HRCVX

• 1D: 1.25%
• 1M: 0.96%
• 6M: 7.04%
• YTD: 10.89%
• 1Y: 18.45%
• 3Y*: 14.17%
• 5Y*: 9.21%
• 10Y*: 10.77%
• ALL TIME*: 8.53%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CBALX Columbia Balanced Fund	$0.00	$0.00	$0.00
HRCVX Carillon Eagle Growth & Income Fund	$0.00	$0.00	$0.00

CBALX vs. HRCVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CBALX Columbia Balanced Fund	5.53%	14.14%	14.60%	21.49%	-16.63%	14.92%	17.91%	23.05%	-5.75%	14.29%
HRCVX Carillon Eagle Growth & Income Fund	10.89%	12.69%	15.43%	9.32%	-9.97%	27.28%	6.30%	22.16%	-1.95%	20.13%

Correlation

The correlation between CBALX and HRCVX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (3Y) Balances recent behavior with more history.	0.77
Correlation (5Y) Shows whether the relationship held over a longer period.	0.82
Correlation (10Y) Provides a long-term view across more market conditions.	0.85
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996	0.89

The correlation between CBALX and HRCVX shifts across timeframes, from 0.71 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CBALX vs. HRCVX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CBALX

CBALX Risk / Return Rank: 46
CBALX Sharpe Ratio Rank: 45
CBALX Sortino Ratio Rank: 44
CBALX Omega Ratio Rank: 43
CBALX Calmar Ratio Rank: 45
CBALX Martin Ratio Rank: 51

HRCVX

HRCVX Risk / Return Rank: 67
HRCVX Sharpe Ratio Rank: 65
HRCVX Sortino Ratio Rank: 64
HRCVX Omega Ratio Rank: 61
HRCVX Calmar Ratio Rank: 69
HRCVX Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CBALX vs. HRCVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Balanced Fund (CBALX) and Carillon Eagle Growth & Income Fund (HRCVX). 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.

	CBALX	HRCVX	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.54	-0.29
Sortino ratio: Return per unit of downside risk	1.79	2.22	-0.43
Omega ratio: Gain probability vs. loss probability	1.23	1.28	-0.05
Calmar ratio: Return relative to maximum drawdown	1.71	2.29	-0.57
Martin ratio: Return relative to average drawdown	6.88	9.12	-2.23

CBALX vs. HRCVX - Sharpe Ratio Comparison

The current CBALX Sharpe Ratio is 1.25, which is comparable to the HRCVX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of CBALX and HRCVX, 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

CBALX vs. HRCVX - Drawdown Comparison

The maximum CBALX drawdown since its inception was -34.53%, smaller than the maximum HRCVX drawdown of -52.16%. Use the drawdown chart below to compare losses from any high point for CBALX and HRCVX.

Drawdown Indicators

	CBALX	HRCVX	Difference
Max Drawdown Largest peak-to-trough decline	-34.53%	-52.16%	+17.63%
Max Drawdown (1Y) Largest decline over 1 year	-6.63%	-7.12%	+0.49%
Max Drawdown (3Y) Largest decline over 3 years	-12.06%	-16.04%	+3.98%
Max Drawdown (5Y) Largest decline over 5 years	-20.91%	-20.00%	-0.91%
Max Drawdown (10Y) Largest decline over 10 years	-22.73%	-33.93%	+11.20%
Current Drawdown Current decline from peak	-1.39%	-0.09%	-1.30%
Average Drawdown Average peak-to-trough decline	-5.29%	-6.58%	+1.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.65%	1.79%	-0.14%

Volatility

CBALX vs. HRCVX - Volatility Comparison

Columbia Balanced Fund (CBALX) and Carillon Eagle Growth & Income Fund (HRCVX) have volatilities of 2.65% and 2.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CBALX	HRCVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	2.76%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	7.31%	7.94%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	9.08%	10.56%	-1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.20%	14.04%	-2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.37%	15.85%	-4.48%

CBALX vs. HRCVX - Expense Ratio Comparison

CBALX has a 0.67% expense ratio, which is lower than HRCVX's 0.96% expense ratio.

Dividends

CBALX vs. HRCVX - Dividend Comparison

CBALX's dividend yield for the trailing twelve months is around 6.21%, less than HRCVX's 17.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBALX Columbia Balanced Fund	6.21%	6.42%	7.83%	1.84%	5.36%	9.26%	5.31%	4.16%	5.82%	2.79%	1.60%	4.05%
HRCVX Carillon Eagle Growth & Income Fund	17.85%	19.67%	17.03%	13.29%	7.37%	9.36%	4.99%	4.81%	10.18%	4.01%	6.56%	1.67%

Frequently Asked Questions

Can I hold both CBALX and HRCVX in my portfolio?

CBALX and HRCVX 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.

Which is riskier, CBALX or HRCVX?

HRCVX has higher volatility (2.76%) compared to CBALX (2.65%). In terms of maximum drawdown, CBALX dropped -34.53% vs HRCVX's -52.16%.

Which has better risk-adjusted returns?

HRCVX currently has the higher Sharpe Ratio (1.54 vs 1.25), 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.