JMIEX vs. UMBMX

Last updated Aug 4, 2026

JMIEX (JPMorgan Emerging Markets Equity Fund) and UMBMX (Carillon Scout Mid Cap Fund) are both mutual funds - JMIEX is a Emerging Markets Equities fund managed by JPMorgan, while UMBMX is a Mid Cap Blend Equities fund managed by Carillon Family of Funds. Over the past 10 years, JMIEX returned 10.29%/yr vs 12.59%/yr for UMBMX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. JMIEX charges 0.90%/yr vs 0.95%/yr for UMBMX.

Performance

JMIEX vs. UMBMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Emerging Markets Equity Fund (JMIEX) 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, JMIEX achieves a 23.80% return, which is significantly higher than UMBMX's 13.13% return. Over the past 10 years, JMIEX has underperformed UMBMX with an annualized return of 10.29%, while UMBMX has yielded a comparatively higher 12.59% annualized return.

JMIEX

• 1D: 2.27%
• 1M: -2.35%
• 6M: 12.14%
• YTD: 23.80%
• 1Y: 48.99%
• 3Y*: 20.88%
• 5Y*: 6.14%
• 10Y*: 10.29%
• ALL TIME*: 6.60%

UMBMX

• 1D: -0.18%
• 1M: -1.08%
• 6M: 7.76%
• YTD: 13.13%
• 1Y: 23.12%
• 3Y*: 17.87%
• 5Y*: 8.91%
• 10Y*: 12.59%
• ALL TIME*: 11.96%

*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)
JMIEX JPMorgan Emerging Markets Equity Fund	$0.00	$0.00	$0.00
UMBMX Carillon Scout Mid Cap Fund	$0.00	$0.00	$0.00

JMIEX vs. UMBMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMIEX JPMorgan Emerging Markets Equity Fund	23.80%	40.27%	3.48%	7.32%	-25.68%	-10.29%	34.88%	32.04%	-15.91%	42.70%
UMBMX Carillon Scout Mid Cap Fund	13.13%	15.46%	22.93%	12.73%	-17.31%	15.69%	27.28%	20.76%	-9.83%	24.04%

Correlation

The correlation between JMIEX and UMBMX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.64
Correlation (3Y) Balances recent behavior with more history.	0.63
Correlation (5Y) Shows whether the relationship held over a longer period.	0.66
Correlation (10Y) Provides a long-term view across more market conditions.	0.65
Correlation (All Time) Calculated using the full available price history since Oct 31, 2006	0.71

The correlation between JMIEX and UMBMX has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.

Return for Risk

JMIEX vs. UMBMX — Risk / Return Rank

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

JMIEX

JMIEX Risk / Return Rank: 77
JMIEX Sharpe Ratio Rank: 77
JMIEX Sortino Ratio Rank: 65
JMIEX Omega Ratio Rank: 74
JMIEX Calmar Ratio Rank: 86
JMIEX Martin Ratio Rank: 84

UMBMX

UMBMX Risk / Return Rank: 56
UMBMX Sharpe Ratio Rank: 49
UMBMX Sortino Ratio Rank: 50
UMBMX Omega Ratio Rank: 45
UMBMX Calmar Ratio Rank: 69
UMBMX Martin Ratio Rank: 65

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.

JMIEX vs. UMBMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Emerging Markets Equity Fund (JMIEX) 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.

	JMIEX	UMBMX	Difference
Sharpe ratio: Return per unit of total volatility	1.88	1.44	+0.44
Sortino ratio: Return per unit of downside risk	2.38	2.11	+0.27
Omega ratio: Gain probability vs. loss probability	1.34	1.26	+0.09
Calmar ratio: Return relative to maximum drawdown	3.15	2.36	+0.79
Martin ratio: Return relative to average drawdown	11.08	8.83	+2.25

JMIEX vs. UMBMX - Sharpe Ratio Comparison

The current JMIEX Sharpe Ratio is 1.88, which is higher than the UMBMX Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of JMIEX 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.

Drawdowns

JMIEX vs. UMBMX - Drawdown Comparison

The maximum JMIEX drawdown since its inception was -62.02%, which is greater than UMBMX's maximum drawdown of -49.91%. Use the drawdown chart below to compare losses from any high point for JMIEX and UMBMX.

Drawdown Indicators

	JMIEX	UMBMX	Difference
Max Drawdown Largest peak-to-trough decline	-62.02%	-49.91%	-12.11%
Max Drawdown (1Y) Largest decline over 1 year	-14.85%	-9.19%	-5.66%
Max Drawdown (3Y) Largest decline over 3 years	-15.06%	-19.41%	+4.35%
Max Drawdown (5Y) Largest decline over 5 years	-43.34%	-26.30%	-17.04%
Max Drawdown (10Y) Largest decline over 10 years	-49.51%	-36.91%	-12.60%
Current Drawdown Current decline from peak	-9.22%	-3.24%	-5.98%
Average Drawdown Average peak-to-trough decline	-20.10%	-7.06%	-13.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	2.45%	+1.76%

Volatility

JMIEX vs. UMBMX - Volatility Comparison

JPMorgan Emerging Markets Equity Fund (JMIEX) has a higher volatility of 10.77% compared to Carillon Scout Mid Cap Fund (UMBMX) at 2.94%. This indicates that JMIEX's price experiences larger fluctuations and is considered to be riskier than UMBMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JMIEX	UMBMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.77%	2.94%	+7.83%
Volatility (6M) Calculated over the trailing 6-month period	22.50%	12.01%	+10.49%
Volatility (1Y) Calculated over the trailing 1-year period	24.87%	15.08%	+9.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.25%	17.74%	+2.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.92%	19.09%	+0.83%

JMIEX vs. UMBMX - Expense Ratio Comparison

JMIEX has a 0.90% expense ratio, which is lower than UMBMX's 0.95% expense ratio.

Dividends

JMIEX vs. UMBMX - Dividend Comparison

JMIEX's dividend yield for the trailing twelve months is around 1.10%, less than UMBMX's 9.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JMIEX JPMorgan Emerging Markets Equity Fund	1.10%	1.36%	1.51%	1.56%	0.54%	3.89%	0.14%	0.81%	0.95%	0.44%	0.81%	0.98%
UMBMX Carillon Scout Mid Cap Fund	9.10%	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 JMIEX and UMBMX in my portfolio?

JMIEX and UMBMX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JMIEX or UMBMX?

JMIEX has higher volatility (10.77%) compared to UMBMX (2.94%). In terms of maximum drawdown, JMIEX dropped -62.02% vs UMBMX's -49.91%.

Which has better risk-adjusted returns?

JMIEX currently has the higher Sharpe Ratio (1.88 vs 1.44), 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.