HAGAX vs. UMBMX

Last updated Jun 5, 2026

HAGAX (Carillon Eagle Mid Cap Growth Fund) and UMBMX (Carillon Scout Mid Cap Fund) are both mutual funds - HAGAX is a Mid Cap Growth Equities fund managed by Carillon Family of Funds, while UMBMX is a Mid Cap Blend Equities fund managed by Carillon Family of Funds. Over the past 10 years, HAGAX returned 11.76%/yr vs 12.89%/yr for UMBMX. Their correlation of 0.92 suggests significant overlap in exposure. HAGAX charges 1.03%/yr vs 0.95%/yr for UMBMX.

Performance

HAGAX vs. UMBMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Carillon Eagle Mid Cap Growth Fund (HAGAX) 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, HAGAX achieves a 7.67% return, which is significantly lower than UMBMX's 13.74% return. Over the past 10 years, HAGAX has underperformed UMBMX with an annualized return of 11.76%, while UMBMX has yielded a comparatively higher 12.89% annualized return.

HAGAX

• 1D: -0.67%
• 1M: 3.00%
• YTD: 7.67%
• 6M: 4.48%
• 1Y: 8.85%
• 3Y*: 12.08%
• 5Y*: 4.14%
• 10Y*: 11.76%

UMBMX

• 1D: 0.14%
• 1M: 0.84%
• YTD: 13.74%
• 6M: 12.96%
• 1Y: 26.73%
• 3Y*: 21.10%
• 5Y*: 9.13%
• 10Y*: 12.89%

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

HAGAX vs. UMBMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HAGAX Carillon Eagle Mid Cap Growth Fund	7.67%	4.50%	12.64%	19.76%	-25.85%	11.19%	39.79%	34.50%	-6.45%	29.90%
UMBMX Carillon Scout Mid Cap Fund	13.74%	15.46%	22.93%	12.73%	-17.31%	15.69%	27.28%	20.76%	-9.83%	24.04%

Correlation

The correlation between HAGAX and UMBMX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Nov 1, 2006	0.92

The correlation between HAGAX and UMBMX has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.

Return for Risk

HAGAX vs. UMBMX — Risk / Return Rank

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

HAGAX

HAGAX Risk / Return Rank: 7
HAGAX Sharpe Ratio Rank: 7
HAGAX Sortino Ratio Rank: 7
HAGAX Omega Ratio Rank: 7
HAGAX Calmar Ratio Rank: 8
HAGAX Martin Ratio Rank: 9

UMBMX

UMBMX Risk / Return Rank: 47
UMBMX Sharpe Ratio Rank: 41
UMBMX Sortino Ratio Rank: 40
UMBMX Omega Ratio Rank: 38
UMBMX Calmar Ratio Rank: 57
UMBMX Martin Ratio Rank: 58

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.

HAGAX vs. UMBMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carillon Eagle Mid Cap Growth Fund (HAGAX) 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.

	HAGAX	UMBMX	Difference
Sharpe ratio: Return per unit of total volatility	0.54	1.85	-1.31
Sortino ratio: Return per unit of downside risk	0.88	2.65	-1.76
Omega ratio: Gain probability vs. loss probability	1.10	1.33	-0.22
Calmar ratio: Return relative to maximum drawdown	0.73	2.89	-2.16
Martin ratio: Return relative to average drawdown	2.44	11.42	-8.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HAGAX vs. UMBMX - Sharpe Ratio Comparison

The current HAGAX Sharpe Ratio is 0.54, which is lower than the UMBMX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of HAGAX 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

	HAGAX	UMBMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.54	1.85	-1.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.52	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.68	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.58	-0.13

Drawdowns

HAGAX vs. UMBMX - Drawdown Comparison

The maximum HAGAX drawdown since its inception was -52.32%, roughly equal to the maximum UMBMX drawdown of -49.91%. Use the drawdown chart below to compare losses from any high point for HAGAX and UMBMX.

Drawdown Indicators

	HAGAX	UMBMX	Difference
Max Drawdown Largest peak-to-trough decline	-52.32%	-49.91%	-2.41%
Max Drawdown (1Y) Largest decline over 1 year	-12.53%	-9.19%	-3.34%
Max Drawdown (3Y) Largest decline over 3 years	-26.77%	-19.41%	-7.36%
Max Drawdown (5Y) Largest decline over 5 years	-34.36%	-26.30%	-8.06%
Max Drawdown (10Y) Largest decline over 10 years	-37.05%	-36.91%	-0.14%
Current Drawdown Current decline from peak	-0.67%	-0.11%	-0.56%
Average Drawdown Average peak-to-trough decline	-12.64%	-7.10%	-5.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.75%	2.32%	+1.43%

Volatility

HAGAX vs. UMBMX - Volatility Comparison

The current volatility for Carillon Eagle Mid Cap Growth Fund (HAGAX) is 3.86%, while Carillon Scout Mid Cap Fund (UMBMX) has a volatility of 4.29%. This indicates that HAGAX experiences smaller price fluctuations and is considered to be less risky than UMBMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HAGAX	UMBMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.86%	4.29%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	13.29%	11.24%	+2.05%
Volatility (1Y) Calculated over the trailing 1-year period	16.89%	14.37%	+2.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.90%	17.73%	+4.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.83%	19.11%	+2.72%

HAGAX vs. UMBMX - Expense Ratio Comparison

HAGAX has a 1.03% expense ratio, which is higher than UMBMX's 0.95% expense ratio.

Dividends

HAGAX vs. UMBMX - Dividend Comparison

HAGAX's dividend yield for the trailing twelve months is around 12.87%, more than UMBMX's 9.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HAGAX Carillon Eagle Mid Cap Growth Fund	12.87%	13.86%	13.00%	11.74%	1.41%	10.82%	2.26%	2.19%	5.95%	2.69%	0.00%	1.67%
UMBMX Carillon Scout Mid Cap Fund	9.05%	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 HAGAX and UMBMX in my portfolio?

HAGAX and UMBMX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HAGAX or UMBMX?

UMBMX has higher volatility (4.29%) compared to HAGAX (3.86%). In terms of maximum drawdown, HAGAX dropped -52.32% vs UMBMX's -49.91%.

Which has better risk-adjusted returns?

UMBMX currently has the higher Sharpe Ratio (1.85 vs 0.54), 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.