MMGEX vs. UMBHX

Last updated Aug 1, 2026

MMGEX (MassMutual Small Cap Growth Equity Fund) and UMBHX (Carillon Scout Small Cap Fund) are both Small Cap Growth Equities funds. Their 0.97 correlation means they have historically moved very closely together. MMGEX charges 1.41%/yr vs 0.90%/yr for UMBHX.

Performance

MMGEX vs. UMBHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MassMutual Small Cap Growth Equity Fund (MMGEX) and Carillon Scout Small Cap Fund (UMBHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MMGEX

• 1D: 3.12%
• 1M: -3.67%
• 6M: 14.34%
• YTD: 20.51%
• 1Y: 35.12%
• 3Y*: 16.33%
• 5Y*: 5.81%
• 10Y*: 14.72%
• ALL TIME*: 8.20%

UMBHX

• 1D: 3.63%
• 1M: -5.08%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
MMGEX MassMutual Small Cap Growth Equity Fund	$0.00	$0.00	$0.00
UMBHX Carillon Scout Small Cap Fund	$0.00	$0.00	$0.00

MMGEX vs. UMBHX - Yearly Performance Comparison

	2026 (YTD)
MMGEX MassMutual Small Cap Growth Equity Fund	-0.56%
UMBHX Carillon Scout Small Cap Fund	-3.28%

Correlation

The correlation between MMGEX and UMBHX is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.97

Return for Risk

MMGEX vs. UMBHX — Risk / Return Rank

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

MMGEX

MMGEX Risk / Return Rank: 66
MMGEX Sharpe Ratio Rank: 56
MMGEX Sortino Ratio Rank: 56
MMGEX Omega Ratio Rank: 49
MMGEX Calmar Ratio Rank: 85
MMGEX Martin Ratio Rank: 84

UMBHX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

MMGEX vs. UMBHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MassMutual Small Cap Growth Equity Fund (MMGEX) and Carillon Scout Small Cap Fund (UMBHX). 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.

	MMGEX	UMBHX	Difference
Sharpe ratio: Return per unit of total volatility	1.47	—	—
Sortino ratio: Return per unit of downside risk	2.12	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	3.01	—	—
Martin ratio: Return relative to average drawdown	10.77	—	—

Drawdowns

MMGEX vs. UMBHX - Drawdown Comparison

The maximum MMGEX drawdown since its inception was -63.65%, which is greater than UMBHX's maximum drawdown of -12.59%. Use the drawdown chart below to compare losses from any high point for MMGEX and UMBHX.

Drawdown Indicators

	MMGEX	UMBHX	Difference
Max Drawdown Largest peak-to-trough decline	-63.65%	-12.59%	-51.06%
Max Drawdown (1Y) Largest decline over 1 year	-10.47%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.79%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-51.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.21%	—	—
Current Drawdown Current decline from peak	-6.88%	-9.42%	+2.54%
Average Drawdown Average peak-to-trough decline	-23.31%	-3.88%	-19.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	—	—

Volatility

Volatility by Period

	MMGEX	UMBHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.45%	30.45%	-9.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.60%	30.45%	+2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.04%	30.45%	-1.41%

MMGEX vs. UMBHX - Expense Ratio Comparison

MMGEX has a 1.41% expense ratio, which is higher than UMBHX's 0.90% expense ratio.

Dividends

MMGEX vs. UMBHX - Dividend Comparison

MMGEX's dividend yield for the trailing twelve months is around 31.48%, while UMBHX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MMGEX MassMutual Small Cap Growth Equity Fund	31.48%	37.94%	8.94%	0.00%	0.00%	44.40%	10.36%	32.83%	29.40%	6.91%	0.00%	33.83%
UMBHX Carillon Scout Small Cap Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MMGEX and UMBHX in my portfolio?

With a correlation of 0.97, MMGEX and UMBHX 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.