NEAIX vs. UMBHX

Last updated Jun 4, 2026

NEAIX (Needham Aggressive Growth Fund Institutional Class) and UMBHX (Carillon Scout Small Cap Fund) are both Small Cap Growth Equities funds. A 0.50 correlation means they provide meaningful diversification when combined. NEAIX charges 1.20%/yr vs 0.90%/yr for UMBHX.

Performance

NEAIX vs. UMBHX - Performance Comparison

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

Returns By Period

NEAIX

• 1D: 3.25%
• 1M: 17.12%
• YTD: 59.81%
• 6M: 61.32%
• 1Y: 97.17%
• 3Y*: 39.29%
• 5Y*: 24.27%
• 10Y*: —

UMBHX

• 1D: 2.34%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NEAIX vs. UMBHX - Yearly Performance Comparison

	2026 (YTD)
NEAIX Needham Aggressive Growth Fund Institutional Class	3.18%
UMBHX Carillon Scout Small Cap Fund	0.44%

Correlation

The correlation between NEAIX and UMBHX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.50

Return for Risk

NEAIX vs. UMBHX — Risk / Return Rank

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

NEAIX

NEAIX Risk / Return Rank: 94
NEAIX Sharpe Ratio Rank: 98
NEAIX Sortino Ratio Rank: 91
NEAIX Omega Ratio Rank: 86
NEAIX Calmar Ratio Rank: 97
NEAIX Martin Ratio Rank: 98

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.

NEAIX vs. UMBHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Needham Aggressive Growth Fund Institutional Class (NEAIX) 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.

	NEAIX	UMBHX	Difference
Sharpe ratio Return per unit of total volatility	3.94	—	—
Sortino ratio Return per unit of downside risk	4.42	—	—
Omega ratio Gain probability vs. loss probability	1.59	—	—
Calmar ratio Return relative to maximum drawdown	7.27	—	—
Martin ratio Return relative to average drawdown	29.35	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	NEAIX	UMBHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.94	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	1.79	-0.88

Drawdowns

NEAIX vs. UMBHX - Drawdown Comparison

The maximum NEAIX drawdown since its inception was -35.93%, which is greater than UMBHX's maximum drawdown of -1.86%. Use the drawdown chart below to compare losses from any high point for NEAIX and UMBHX.

Drawdown Indicators

	NEAIX	UMBHX	Difference
Max Drawdown Largest peak-to-trough decline	-35.93%	-1.86%	-34.07%
Max Drawdown (1Y) Largest decline over 1 year	-13.98%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.21%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.93%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.60%	-0.84%	-7.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	—	—

Volatility

Volatility by Period

	NEAIX	UMBHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.80%	30.30%	-4.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.58%	30.30%	-5.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.60%	30.30%	-5.70%

NEAIX vs. UMBHX - Expense Ratio Comparison

NEAIX has a 1.20% expense ratio, which is higher than UMBHX's 0.90% expense ratio.

Dividends

NEAIX vs. UMBHX - Dividend Comparison

NEAIX's dividend yield for the trailing twelve months is around 1.26%, while UMBHX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEAIX Needham Aggressive Growth Fund Institutional Class	1.26%	2.01%	0.00%	0.00%	0.00%	6.84%	3.80%	10.42%	16.35%	5.14%
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%

Frequently Asked Questions

Can I hold both NEAIX and UMBHX in my portfolio?

NEAIX and UMBHX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.