FGROX vs. UMBHX

Last updated Jun 4, 2026

FGROX (Emerald Growth Fund Institutional Class) and UMBHX (Carillon Scout Small Cap Fund) are both Small Cap Growth Equities funds. A 0.50 correlation means they provide meaningful diversification when combined. FGROX charges 0.78%/yr vs 0.90%/yr for UMBHX.

Performance

FGROX vs. UMBHX - Performance Comparison

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

Returns By Period

FGROX

• 1D: 1.61%
• 1M: 7.35%
• YTD: 26.22%
• 6M: 24.64%
• 1Y: 68.45%
• 3Y*: 29.82%
• 5Y*: 12.60%
• 10Y*: 15.70%

UMBHX

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

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

FGROX vs. UMBHX - Yearly Performance Comparison

	2026 (YTD)
FGROX Emerald Growth Fund Institutional Class	0.08%
UMBHX Carillon Scout Small Cap Fund	0.44%

Correlation

The correlation between FGROX and UMBHX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.50

Return for Risk

FGROX vs. UMBHX — Risk / Return Rank

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

FGROX

FGROX Risk / Return Rank: 83
FGROX Sharpe Ratio Rank: 88
FGROX Sortino Ratio Rank: 73
FGROX Omega Ratio Rank: 66
FGROX Calmar Ratio Rank: 93
FGROX Martin Ratio Rank: 94

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.

FGROX vs. UMBHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Emerald Growth Fund Institutional Class (FGROX) 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.

	FGROX	UMBHX	Difference
Sharpe ratio Return per unit of total volatility	2.90	—	—
Sortino ratio Return per unit of downside risk	3.57	—	—
Omega ratio Gain probability vs. loss probability	1.45	—	—
Calmar ratio Return relative to maximum drawdown	5.11	—	—
Martin ratio Return relative to average drawdown	21.59	—	—
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

	FGROX	UMBHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.90	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	1.79	-1.27

Drawdowns

FGROX vs. UMBHX - Drawdown Comparison

The maximum FGROX drawdown since its inception was -41.48%, which is greater than UMBHX's maximum drawdown of -1.86%. Use the drawdown chart below to compare losses from any high point for FGROX and UMBHX.

Drawdown Indicators

	FGROX	UMBHX	Difference
Max Drawdown Largest peak-to-trough decline	-41.48%	-1.86%	-39.62%
Max Drawdown (1Y) Largest decline over 1 year	-14.36%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.61%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.52%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.48%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-10.25%	-0.84%	-9.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	—	—

Volatility

Volatility by Period

	FGROX	UMBHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.34%	30.30%	-4.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.58%	30.30%	-4.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.18%	30.30%	-5.12%

FGROX vs. UMBHX - Expense Ratio Comparison

FGROX has a 0.78% expense ratio, which is lower than UMBHX's 0.90% expense ratio.

Dividends

FGROX vs. UMBHX - Dividend Comparison

FGROX's dividend yield for the trailing twelve months is around 9.02%, while UMBHX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FGROX Emerald Growth Fund Institutional Class	9.02%	11.39%	13.92%	5.91%	8.13%	17.87%	8.04%	1.38%	11.36%
UMBHX Carillon Scout Small Cap Fund	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 FGROX and UMBHX in my portfolio?

FGROX and UMBHX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.