GSAHX vs. UMBHX

Last updated Aug 1, 2026

GSAHX (Goldman Sachs Small Cap Growth Fund) and UMBHX (Carillon Scout Small Cap Fund) are both Small Cap Growth Equities funds. Their 0.95 correlation means they have historically moved very closely together. GSAHX charges 1.03%/yr vs 0.90%/yr for UMBHX.

Performance

GSAHX vs. UMBHX - Performance Comparison

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

Returns By Period

GSAHX

• 1D: 3.17%
• 1M: -4.25%
• 6M: 17.69%
• YTD: 21.53%
• 1Y: 32.88%
• 3Y*: 18.16%
• 5Y*: 6.77%
• 10Y*: —
• ALL TIME*: 14.23%

UMBHX

• 1D: 3.63%
• 1M: -5.08%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
GSAHX Goldman Sachs Small Cap Growth Fund	$0.00	$0.00	$0.00
UMBHX Carillon Scout Small Cap Fund	$0.00	$0.00	$0.00

GSAHX vs. UMBHX - Yearly Performance Comparison

	2026 (YTD)
GSAHX Goldman Sachs Small Cap Growth Fund	0.54%
UMBHX Carillon Scout Small Cap Fund	-3.28%

Correlation

The correlation between GSAHX and UMBHX is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.95

Return for Risk

GSAHX vs. UMBHX — Risk / Return Rank

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

GSAHX

GSAHX Risk / Return Rank: 59
GSAHX Sharpe Ratio Rank: 45
GSAHX Sortino Ratio Rank: 49
GSAHX Omega Ratio Rank: 41
GSAHX Calmar Ratio Rank: 84
GSAHX Martin Ratio Rank: 75

UMBHX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

GSAHX vs. UMBHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Small Cap Growth Fund (GSAHX) 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.

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.

	GSAHX	UMBHX	Difference
Sharpe ratio: Return per unit of total volatility	1.34	—	—
Sortino ratio: Return per unit of downside risk	2.00	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	2.91	—	—
Martin ratio: Return relative to average drawdown	9.43	—	—

Drawdowns

GSAHX vs. UMBHX - Drawdown Comparison

The maximum GSAHX drawdown since its inception was -41.67%, which is greater than UMBHX's maximum drawdown of -12.59%. Use the drawdown chart below to compare losses from any high point for GSAHX and UMBHX.

Drawdown Indicators

	GSAHX	UMBHX	Difference
Max Drawdown Largest peak-to-trough decline	-41.67%	-12.59%	-29.08%
Max Drawdown (1Y) Largest decline over 1 year	-10.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.67%	—	—
Current Drawdown Current decline from peak	-7.29%	-9.42%	+2.13%
Average Drawdown Average peak-to-trough decline	-14.08%	-3.88%	-10.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.17%	—	—

Volatility

Volatility by Period

	GSAHX	UMBHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.81%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.39%	30.45%	-8.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.84%	30.45%	-5.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.92%	30.45%	-3.53%

GSAHX vs. UMBHX - Expense Ratio Comparison

GSAHX has a 1.03% expense ratio, which is higher than UMBHX's 0.90% expense ratio.

Dividends

GSAHX vs. UMBHX - Dividend Comparison

Neither GSAHX nor UMBHX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GSAHX Goldman Sachs Small Cap Growth Fund	0.00%	0.00%	0.00%	0.00%	0.00%	10.59%	7.28%	0.19%
UMBHX Carillon Scout Small Cap Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GSAHX and UMBHX in my portfolio?

With a correlation of 0.95, GSAHX 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.