HRCVX vs. UMBMX

Last updated Jun 5, 2026

HRCVX (Carillon Eagle Growth & Income Fund) and UMBMX (Carillon Scout Mid Cap Fund) are both mutual funds - HRCVX is a Large Cap Value 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, HRCVX returned 11.18%/yr vs 12.89%/yr for UMBMX. Their correlation of 0.86 suggests significant overlap in exposure. HRCVX charges 0.96%/yr vs 0.95%/yr for UMBMX.

Performance

HRCVX vs. UMBMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Carillon Eagle Growth & Income Fund (HRCVX) 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, HRCVX achieves a 9.69% return, which is significantly lower than UMBMX's 13.74% return. Over the past 10 years, HRCVX has underperformed UMBMX with an annualized return of 11.18%, while UMBMX has yielded a comparatively higher 12.89% annualized return.

HRCVX

• 1D: -0.38%
• 1M: 2.70%
• YTD: 9.69%
• 6M: 8.83%
• 1Y: 22.94%
• 3Y*: 15.43%
• 5Y*: 9.40%
• 10Y*: 11.18%

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)

HRCVX vs. UMBMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HRCVX Carillon Eagle Growth & Income Fund	9.69%	12.69%	15.43%	9.32%	-9.97%	27.28%	6.30%	22.16%	-1.95%	20.13%
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 HRCVX and UMBMX is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Nov 1, 2006	0.86

The correlation between HRCVX and UMBMX has been stable across timeframes, ranging from 0.84 to 0.87 - a consistent structural relationship.

Return for Risk

HRCVX vs. UMBMX — Risk / Return Rank

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

HRCVX

HRCVX Risk / Return Rank: 61
HRCVX Sharpe Ratio Rank: 57
HRCVX Sortino Ratio Rank: 56
HRCVX Omega Ratio Rank: 54
HRCVX Calmar Ratio Rank: 72
HRCVX Martin Ratio Rank: 67

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.

HRCVX vs. UMBMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carillon Eagle Growth & Income Fund (HRCVX) 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.

	HRCVX	UMBMX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	1.85	+0.36
Sortino ratio: Return per unit of downside risk	3.14	2.65	+0.50
Omega ratio: Gain probability vs. loss probability	1.40	1.33	+0.07
Calmar ratio: Return relative to maximum drawdown	3.24	2.89	+0.35
Martin ratio: Return relative to average drawdown	12.92	11.42	+1.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HRCVX vs. UMBMX - Sharpe Ratio Comparison

The current HRCVX Sharpe Ratio is 2.21, which is comparable to the UMBMX Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of HRCVX 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

	HRCVX	UMBMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	1.85	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.52	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.68	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.58	+0.01

Drawdowns

HRCVX vs. UMBMX - Drawdown Comparison

The maximum HRCVX drawdown since its inception was -52.16%, roughly equal to the maximum UMBMX drawdown of -49.91%. Use the drawdown chart below to compare losses from any high point for HRCVX and UMBMX.

Drawdown Indicators

	HRCVX	UMBMX	Difference
Max Drawdown Largest peak-to-trough decline	-52.16%	-49.91%	-2.25%
Max Drawdown (1Y) Largest decline over 1 year	-7.12%	-9.19%	+2.07%
Max Drawdown (3Y) Largest decline over 3 years	-16.04%	-19.41%	+3.37%
Max Drawdown (5Y) Largest decline over 5 years	-20.00%	-26.30%	+6.30%
Max Drawdown (10Y) Largest decline over 10 years	-33.93%	-36.91%	+2.98%
Current Drawdown Current decline from peak	-0.38%	-0.11%	-0.27%
Average Drawdown Average peak-to-trough decline	-6.60%	-7.10%	+0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	2.32%	-0.54%

Volatility

HRCVX vs. UMBMX - Volatility Comparison

The current volatility for Carillon Eagle Growth & Income Fund (HRCVX) is 2.93%, while Carillon Scout Mid Cap Fund (UMBMX) has a volatility of 4.29%. This indicates that HRCVX 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

	HRCVX	UMBMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	4.29%	-1.36%
Volatility (6M) Calculated over the trailing 6-month period	7.88%	11.24%	-3.36%
Volatility (1Y) Calculated over the trailing 1-year period	10.46%	14.37%	-3.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.07%	17.73%	-3.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.87%	19.11%	-3.24%

HRCVX vs. UMBMX - Expense Ratio Comparison

HRCVX has a 0.96% expense ratio, which is higher than UMBMX's 0.95% expense ratio.

Dividends

HRCVX vs. UMBMX - Dividend Comparison

HRCVX's dividend yield for the trailing twelve months is around 18.06%, more than UMBMX's 9.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HRCVX Carillon Eagle Growth & Income Fund	18.06%	19.67%	17.03%	13.29%	7.37%	9.36%	4.99%	4.81%	10.18%	4.01%	6.56%	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 HRCVX and UMBMX in my portfolio?

HRCVX and UMBMX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HRCVX or UMBMX?

UMBMX has higher volatility (4.29%) compared to HRCVX (2.93%). In terms of maximum drawdown, HRCVX dropped -52.16% vs UMBMX's -49.91%.

Which has better risk-adjusted returns?

HRCVX currently has the higher Sharpe Ratio (2.21 vs 1.85), 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.