CWSGX vs. UMBHX

Last updated Jun 4, 2026

CWSGX (Chartwell Small Cap Growth Fund) and UMBHX (Carillon Scout Small Cap Fund) are both Small Cap Growth Equities funds from Carillon Family of Funds. With a 1.00 correlation, they move nearly in lockstep. CWSGX charges 1.05%/yr vs 0.90%/yr for UMBHX.

Performance

CWSGX vs. UMBHX - Performance Comparison

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

Returns By Period

CWSGX

• 1D: 2.32%
• 1M: 8.37%
• YTD: 28.62%
• 6M: 27.92%
• 1Y: 56.90%
• 3Y*: 30.49%
• 5Y*: 12.31%
• 10Y*: —

UMBHX

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

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

CWSGX vs. UMBHX - Yearly Performance Comparison

	2026 (YTD)
CWSGX Chartwell Small Cap Growth Fund	0.45%
UMBHX Carillon Scout Small Cap Fund	0.44%

Correlation

The correlation between CWSGX 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

CWSGX vs. UMBHX — Risk / Return Rank

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

CWSGX

CWSGX Risk / Return Rank: 77
CWSGX Sharpe Ratio Rank: 80
CWSGX Sortino Ratio Rank: 63
CWSGX Omega Ratio Rank: 58
CWSGX Calmar Ratio Rank: 92
CWSGX Martin Ratio Rank: 93

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.

CWSGX vs. UMBHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Chartwell Small Cap Growth Fund (CWSGX) 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.

	CWSGX	UMBHX	Difference
Sharpe ratio: Return per unit of total volatility	2.60	—	—
Sortino ratio: Return per unit of downside risk	3.33	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	5.00	—	—
Martin ratio: Return relative to average drawdown	20.17	—	—
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

	CWSGX	UMBHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	1.79	-1.14

Drawdowns

CWSGX vs. UMBHX - Drawdown Comparison

The maximum CWSGX drawdown since its inception was -37.29%, which is greater than UMBHX's maximum drawdown of -1.86%. Use the drawdown chart below to compare losses from any high point for CWSGX and UMBHX.

Drawdown Indicators

	CWSGX	UMBHX	Difference
Max Drawdown Largest peak-to-trough decline	-37.29%	-1.86%	-35.43%
Max Drawdown (1Y) Largest decline over 1 year	-11.97%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.80%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-37.29%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-11.21%	-0.84%	-10.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	—	—

Volatility

Volatility by Period

	CWSGX	UMBHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.40%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.07%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.02%	30.30%	-7.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.17%	30.30%	-6.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.16%	30.30%	-6.14%

CWSGX vs. UMBHX - Expense Ratio Comparison

CWSGX has a 1.05% expense ratio, which is higher than UMBHX's 0.90% expense ratio.

Dividends

CWSGX vs. UMBHX - Dividend Comparison

CWSGX's dividend yield for the trailing twelve months is around 0.68%, while UMBHX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CWSGX Chartwell Small Cap Growth Fund	0.68%	0.87%	6.44%	0.00%	4.78%	21.74%	6.70%	0.03%	0.45%	0.02%
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%

Frequently Asked Questions

Can I hold both CWSGX and UMBHX in my portfolio?

With a correlation of 1.00, CWSGX 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.