JMUEX vs. UMBMX

Last updated Jun 9, 2026

JMUEX (JPMorgan U.S. Equity Fund) and UMBMX (Carillon Scout Mid Cap Fund) are both mutual funds - JMUEX is a Large Cap Blend 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, JMUEX returned 15.54%/yr vs 12.53%/yr for UMBMX. Their correlation of 0.89 suggests significant overlap in exposure. JMUEX charges 0.57%/yr vs 0.95%/yr for UMBMX.

Performance

JMUEX vs. UMBMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Equity Fund (JMUEX) 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, JMUEX achieves a 3.12% return, which is significantly lower than UMBMX's 11.19% return. Over the past 10 years, JMUEX has outperformed UMBMX with an annualized return of 15.54%, while UMBMX has yielded a comparatively lower 12.53% annualized return.

JMUEX

• 1D: -2.80%
• 1M: -1.14%
• YTD: 3.12%
• 6M: 2.74%
• 1Y: 16.66%
• 3Y*: 20.45%
• 5Y*: 12.90%
• 10Y*: 15.54%

UMBMX

• 1D: -2.67%
• 1M: -0.66%
• YTD: 11.19%
• 6M: 10.54%
• 1Y: 23.17%
• 3Y*: 20.09%
• 5Y*: 8.63%
• 10Y*: 12.53%

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

JMUEX vs. UMBMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JMUEX JPMorgan U.S. Equity Fund	3.12%	14.60%	31.22%	27.28%	-18.84%	28.55%	26.51%	32.26%	-5.90%	21.52%
UMBMX Carillon Scout Mid Cap Fund	11.19%	15.46%	22.93%	12.73%	-17.31%	15.69%	27.28%	20.76%	-9.83%	24.04%

Correlation

The correlation between JMUEX and UMBMX is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 31, 2006	0.89

The correlation between JMUEX and UMBMX shifts across timeframes, from 0.74 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JMUEX vs. UMBMX — Risk / Return Rank

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

JMUEX

JMUEX Risk / Return Rank: 26
JMUEX Sharpe Ratio Rank: 28
JMUEX Sortino Ratio Rank: 26
JMUEX Omega Ratio Rank: 28
JMUEX Calmar Ratio Rank: 20
JMUEX Martin Ratio Rank: 27

UMBMX

UMBMX Risk / Return Rank: 43
UMBMX Sharpe Ratio Rank: 37
UMBMX Sortino Ratio Rank: 36
UMBMX Omega Ratio Rank: 35
UMBMX Calmar Ratio Rank: 53
UMBMX Martin Ratio Rank: 54

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.

JMUEX vs. UMBMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Equity Fund (JMUEX) 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.

	JMUEX	UMBMX	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.66	-0.24
Sortino ratio: Return per unit of downside risk	1.96	2.36	-0.40
Omega ratio: Gain probability vs. loss probability	1.26	1.29	-0.03
Calmar ratio: Return relative to maximum drawdown	1.49	2.64	-1.14
Martin ratio: Return relative to average drawdown	6.01	10.41	-4.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JMUEX vs. UMBMX - Sharpe Ratio Comparison

The current JMUEX Sharpe Ratio is 1.42, which is comparable to the UMBMX Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of JMUEX 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

	JMUEX	UMBMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	1.66	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.74	0.49	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.66	+0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.58	0.00

Drawdowns

JMUEX vs. UMBMX - Drawdown Comparison

The maximum JMUEX drawdown since its inception was -52.11%, roughly equal to the maximum UMBMX drawdown of -49.91%. Use the drawdown chart below to compare losses from any high point for JMUEX and UMBMX.

Drawdown Indicators

	JMUEX	UMBMX	Difference
Max Drawdown Largest peak-to-trough decline	-52.11%	-49.91%	-2.20%
Max Drawdown (1Y) Largest decline over 1 year	-11.92%	-9.19%	-2.73%
Max Drawdown (3Y) Largest decline over 3 years	-19.11%	-19.41%	+0.30%
Max Drawdown (5Y) Largest decline over 5 years	-24.60%	-26.30%	+1.70%
Max Drawdown (10Y) Largest decline over 10 years	-33.35%	-36.91%	+3.56%
Current Drawdown Current decline from peak	-3.07%	-2.67%	-0.40%
Average Drawdown Average peak-to-trough decline	-8.78%	-7.10%	-1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.96%	2.32%	+0.64%

Volatility

JMUEX vs. UMBMX - Volatility Comparison

The current volatility for JPMorgan U.S. Equity Fund (JMUEX) is 4.15%, while Carillon Scout Mid Cap Fund (UMBMX) has a volatility of 4.84%. This indicates that JMUEX 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

	JMUEX	UMBMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	4.84%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	9.87%	11.56%	-1.69%
Volatility (1Y) Calculated over the trailing 1-year period	12.58%	14.62%	-2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.45%	17.76%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.58%	19.12%	-0.54%

JMUEX vs. UMBMX - Expense Ratio Comparison

JMUEX has a 0.57% expense ratio, which is lower than UMBMX's 0.95% expense ratio.

Dividends

JMUEX vs. UMBMX - Dividend Comparison

JMUEX's dividend yield for the trailing twelve months is around 5.70%, less than UMBMX's 9.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JMUEX JPMorgan U.S. Equity Fund	5.70%	5.85%	12.03%	2.06%	5.11%	10.74%	6.63%	10.06%	14.56%	8.71%	4.77%	6.17%
UMBMX Carillon Scout Mid Cap Fund	9.26%	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 JMUEX and UMBMX in my portfolio?

JMUEX and UMBMX have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JMUEX or UMBMX?

UMBMX has higher volatility (4.84%) compared to JMUEX (4.15%). In terms of maximum drawdown, JMUEX dropped -52.11% vs UMBMX's -49.91%.

Which has better risk-adjusted returns?

UMBMX currently has the higher Sharpe Ratio (1.66 vs 1.42), 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.