IWR vs. UMBMX
IWR (iShares Russell Midcap ETF) and UMBMX (Carillon Scout Mid Cap Fund) are both funds - IWR is a Mid Cap Growth Equities fund tracking the Russell Midcap Index, while UMBMX is a Mid Cap Blend Equities fund managed by Carillon Family of Funds. Over the past 10 years, IWR returned 12.41%/yr vs 13.26%/yr for UMBMX. With a 0.95 correlation, they move nearly in lockstep. IWR charges 0.19%/yr vs 0.95%/yr for UMBMX.
Performance
IWR vs. UMBMX - Performance Comparison
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Returns By Period
In the year-to-date period, IWR achieves a 14.90% return, which is significantly higher than UMBMX's 14.07% return. Over the past 10 years, IWR has underperformed UMBMX with an annualized return of 12.41%, while UMBMX has yielded a comparatively higher 13.26% annualized return.
IWR
- 1D
- 1.35%
- 1M
- 3.20%
- YTD
- 14.90%
- 6M
- 13.08%
- 1Y
- 23.04%
- 3Y*
- 17.47%
- 5Y*
- 8.17%
- 10Y*
- 12.41%
UMBMX
- 1D
- 0.43%
- 1M
- 0.95%
- YTD
- 14.07%
- 6M
- 12.32%
- 1Y
- 25.74%
- 3Y*
- 20.77%
- 5Y*
- 9.13%
- 10Y*
- 13.26%
IWR vs. UMBMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWR iShares Russell Midcap ETF | 14.90% | 10.37% | 15.21% | 17.05% | -17.48% | 22.44% | 16.93% | 30.23% | -9.10% | 18.25% |
UMBMX Carillon Scout Mid Cap Fund | 14.07% | 15.46% | 22.93% | 12.73% | -17.31% | 15.69% | 27.28% | 20.76% | -9.83% | 24.04% |
Correlation
The correlation between IWR and UMBMX is 0.95 - 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 (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2006 | 0.95 |
The correlation between IWR and UMBMX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
IWR vs. UMBMX — Risk / Return Rank
IWR
UMBMX
IWR vs. UMBMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Midcap ETF (IWR) 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.
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.
| IWR | UMBMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.29 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 2.68 | +0.15 |
| Martin ratioReturn relative to average drawdown | 10.84 | 10.50 | +0.34 |
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Drawdowns
IWR vs. UMBMX - Drawdown Comparison
The maximum IWR drawdown since its inception was -58.78%, which is greater than UMBMX's maximum drawdown of -49.91%. Use the drawdown chart below to compare losses from any high point for IWR and UMBMX.
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Drawdown Indicators
| IWR | UMBMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.78% | -49.91% | -8.87% |
Max Drawdown (1Y)Largest decline over 1 year | -8.17% | -9.19% | +1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -21.09% | -19.41% | -1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -26.18% | -26.30% | +0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | -36.91% | -3.68% |
Current DrawdownCurrent decline from peak | 0.00% | -1.04% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -7.09% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.35% | -0.22% |
Volatility
IWR vs. UMBMX - Volatility Comparison
The current volatility for iShares Russell Midcap ETF (IWR) is 4.67%, while Carillon Scout Mid Cap Fund (UMBMX) has a volatility of 5.30%. This indicates that IWR 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.
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Volatility by Period
| IWR | UMBMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 5.30% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.51% | 11.98% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 14.98% | -1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.30% | 17.80% | +0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.36% | 19.12% | +0.24% |
IWR vs. UMBMX - Expense Ratio Comparison
IWR has a 0.19% expense ratio, which is lower than UMBMX's 0.95% expense ratio.
Dividends
IWR vs. UMBMX - Dividend Comparison
IWR's dividend yield for the trailing twelve months is around 1.15%, less than UMBMX's 9.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWR iShares Russell Midcap ETF | 1.15% | 1.29% | 1.27% | 1.43% | 1.59% | 1.04% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% |
UMBMX Carillon Scout Mid Cap Fund | 9.02% | 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
With a correlation of 0.95, IWR and UMBMX 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.
UMBMX has higher volatility (5.30%) compared to IWR (4.67%). In terms of maximum drawdown, IWR dropped -58.78% vs UMBMX's -49.91%.
IWR currently has the higher Sharpe Ratio (1.68 vs 1.65), 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.
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