CIVIX vs. UMBMX

Last updated Jun 9, 2026

CIVIX (Causeway International Value Instl) and UMBMX (Carillon Scout Mid Cap Fund) are both mutual funds - CIVIX is a Foreign Large Cap Equities fund tracking the MSCI AC World ex USA Value (Net), while UMBMX is a Mid Cap Blend Equities fund managed by Carillon Family of Funds. Over the past 10 years, CIVIX returned 9.83%/yr vs 12.53%/yr for UMBMX. A 0.70 correlation means they provide meaningful diversification when combined. CIVIX charges 0.85%/yr vs 0.95%/yr for UMBMX.

Performance

CIVIX vs. UMBMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Causeway International Value Instl (CIVIX) 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, CIVIX achieves a 3.79% return, which is significantly lower than UMBMX's 11.19% return. Over the past 10 years, CIVIX has underperformed UMBMX with an annualized return of 9.83%, while UMBMX has yielded a comparatively higher 12.53% annualized return.

CIVIX

• 1D: -2.28%
• 1M: 0.08%
• YTD: 3.79%
• 6M: 7.93%
• 1Y: 21.43%
• 3Y*: 17.59%
• 5Y*: 11.27%
• 10Y*: 9.83%

UMBMX

• 1D: -2.67%
• 1M: -0.66%
• YTD: 11.19%
• 6M: 10.54%
• 1Y: 23.17%
• 3Y*: 20.09%
• 5Y*: 8.63%
• 10Y*: 12.53%

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

CIVIX vs. UMBMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CIVIX Causeway International Value Instl	3.79%	39.13%	3.73%	27.29%	-6.77%	9.12%	5.41%	20.11%	-18.62%	27.20%
UMBMX Carillon Scout Mid Cap Fund	11.19%	15.46%	22.93%	12.73%	-17.31%	15.69%	27.28%	20.76%	-9.83%	24.04%

Correlation

The correlation between CIVIX and UMBMX is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.65
Correlation (All Time) Calculated using the full available price history since Oct 31, 2006	0.70

The correlation between CIVIX and UMBMX has been stable across timeframes, ranging from 0.60 to 0.70 - a consistent structural relationship.

Return for Risk

CIVIX vs. UMBMX — Risk / Return Rank

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

CIVIX

CIVIX Risk / Return Rank: 21
CIVIX Sharpe Ratio Rank: 23
CIVIX Sortino Ratio Rank: 24
CIVIX Omega Ratio Rank: 24
CIVIX Calmar Ratio Rank: 17
CIVIX Martin Ratio Rank: 18

UMBMX

UMBMX Risk / Return Rank: 43
UMBMX Sharpe Ratio Rank: 37
UMBMX Sortino Ratio Rank: 36
UMBMX Omega Ratio Rank: 35
UMBMX Calmar Ratio Rank: 53
UMBMX Martin Ratio Rank: 54

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.

CIVIX vs. UMBMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Causeway International Value Instl (CIVIX) 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.

	CIVIX	UMBMX	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.66	-0.40
Sortino ratio: Return per unit of downside risk	1.86	2.36	-0.50
Omega ratio: Gain probability vs. loss probability	1.24	1.29	-0.06
Calmar ratio: Return relative to maximum drawdown	1.34	2.64	-1.30
Martin ratio: Return relative to average drawdown	4.39	10.41	-6.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CIVIX vs. UMBMX - Sharpe Ratio Comparison

The current CIVIX Sharpe Ratio is 1.26, which is comparable to the UMBMX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of CIVIX 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

	CIVIX	UMBMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	1.66	-0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.49	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.66	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.58	-0.17

Drawdowns

CIVIX vs. UMBMX - Drawdown Comparison

The maximum CIVIX drawdown since its inception was -60.93%, which is greater than UMBMX's maximum drawdown of -49.91%. Use the drawdown chart below to compare losses from any high point for CIVIX and UMBMX.

Drawdown Indicators

	CIVIX	UMBMX	Difference
Max Drawdown Largest peak-to-trough decline	-60.93%	-49.91%	-11.02%
Max Drawdown (1Y) Largest decline over 1 year	-16.19%	-9.19%	-7.00%
Max Drawdown (3Y) Largest decline over 3 years	-17.30%	-19.41%	+2.11%
Max Drawdown (5Y) Largest decline over 5 years	-28.51%	-26.30%	-2.21%
Max Drawdown (10Y) Largest decline over 10 years	-44.87%	-36.91%	-7.96%
Current Drawdown Current decline from peak	-5.54%	-2.67%	-2.87%
Average Drawdown Average peak-to-trough decline	-10.99%	-7.10%	-3.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.91%	2.32%	+2.59%

Volatility

CIVIX vs. UMBMX - Volatility Comparison

Causeway International Value Instl (CIVIX) and Carillon Scout Mid Cap Fund (UMBMX) have volatilities of 5.04% and 4.84%, 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

	CIVIX	UMBMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	4.84%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	14.57%	11.56%	+3.01%
Volatility (1Y) Calculated over the trailing 1-year period	17.22%	14.62%	+2.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.20%	17.76%	+0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.44%	19.12%	+0.32%

CIVIX vs. UMBMX - Expense Ratio Comparison

CIVIX has a 0.85% expense ratio, which is lower than UMBMX's 0.95% expense ratio.

Dividends

CIVIX vs. UMBMX - Dividend Comparison

CIVIX's dividend yield for the trailing twelve months is around 9.37%, more than UMBMX's 9.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIVIX Causeway International Value Instl	9.37%	9.72%	9.25%	3.61%	1.78%	1.82%	1.37%	4.63%	3.55%	1.83%	1.96%	1.95%
UMBMX Carillon Scout Mid Cap Fund	9.26%	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 CIVIX and UMBMX in my portfolio?

CIVIX and UMBMX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CIVIX or UMBMX?

CIVIX has higher volatility (5.04%) compared to UMBMX (4.84%). In terms of maximum drawdown, CIVIX dropped -60.93% vs UMBMX's -49.91%.

Which has better risk-adjusted returns?

UMBMX currently has the higher Sharpe Ratio (1.66 vs 1.26), 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.