SCHM vs. UMBMX

Last updated Jun 4, 2026

SCHM (Schwab US Mid-Cap ETF) and UMBMX (Carillon Scout Mid Cap Fund) are both funds - SCHM is a Mid Cap Growth Equities fund tracking the Dow Jones US Total Stock Market Mid-Cap, while UMBMX is a Mid Cap Blend Equities fund managed by Carillon Family of Funds. Over the past 10 years, SCHM returned 11.37%/yr vs 12.87%/yr for UMBMX. With a 0.96 correlation, they move nearly in lockstep. SCHM charges 0.04%/yr vs 0.95%/yr for UMBMX.

Performance

SCHM vs. UMBMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab US Mid-Cap ETF (SCHM) 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, SCHM achieves a 19.05% return, which is significantly higher than UMBMX's 13.58% return. Over the past 10 years, SCHM has underperformed UMBMX with an annualized return of 11.37%, while UMBMX has yielded a comparatively higher 12.87% annualized return.

SCHM

• 1D: -0.03%
• 1M: 5.28%
• YTD: 19.05%
• 6M: 19.54%
• 1Y: 32.45%
• 3Y*: 18.14%
• 5Y*: 8.07%
• 10Y*: 11.37%

UMBMX

• 1D: 1.25%
• 1M: 2.03%
• YTD: 13.58%
• 6M: 13.25%
• 1Y: 26.23%
• 3Y*: 21.04%
• 5Y*: 9.20%
• 10Y*: 12.87%

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

SCHM vs. UMBMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHM Schwab US Mid-Cap ETF	19.05%	10.17%	11.98%	16.69%	-17.07%	19.36%	15.26%	27.48%	-8.77%	19.60%
UMBMX Carillon Scout Mid Cap Fund	13.58%	15.46%	22.93%	12.73%	-17.31%	15.69%	27.28%	20.76%	-9.83%	24.04%

Correlation

The correlation between SCHM and UMBMX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 14, 2011	0.96

The correlation between SCHM and UMBMX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

SCHM vs. UMBMX — Risk / Return Rank

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

SCHM

SCHM Risk / Return Rank: 65
SCHM Sharpe Ratio Rank: 61
SCHM Sortino Ratio Rank: 62
SCHM Omega Ratio Rank: 58
SCHM Calmar Ratio Rank: 69
SCHM Martin Ratio Rank: 73

UMBMX

UMBMX Risk / Return Rank: 49
UMBMX Sharpe Ratio Rank: 43
UMBMX Sortino Ratio Rank: 42
UMBMX Omega Ratio Rank: 39
UMBMX Calmar Ratio Rank: 60
UMBMX Martin Ratio Rank: 59

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.

SCHM vs. UMBMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab US Mid-Cap ETF (SCHM) 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.

	SCHM	UMBMX	Difference
Sharpe ratio Return per unit of total volatility	2.09	1.90	+0.19
Sortino ratio Return per unit of downside risk	2.94	2.72	+0.23
Omega ratio Gain probability vs. loss probability	1.36	1.33	+0.03
Calmar ratio Return relative to maximum drawdown	3.50	2.98	+0.52
Martin ratio Return relative to average drawdown	14.11	11.78	+2.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHM vs. UMBMX - Sharpe Ratio Comparison

The current SCHM Sharpe Ratio is 2.09, which is comparable to the UMBMX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of SCHM 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

	SCHM	UMBMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	1.90	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.52	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.68	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.58	+0.01

Drawdowns

SCHM vs. UMBMX - Drawdown Comparison

The maximum SCHM drawdown since its inception was -42.43%, smaller than the maximum UMBMX drawdown of -49.91%. Use the drawdown chart below to compare losses from any high point for SCHM and UMBMX.

Drawdown Indicators

	SCHM	UMBMX	Difference
Max Drawdown Largest peak-to-trough decline	-42.43%	-49.91%	+7.48%
Max Drawdown (1Y) Largest decline over 1 year	-9.32%	-9.19%	-0.13%
Max Drawdown (3Y) Largest decline over 3 years	-23.27%	-19.41%	-3.86%
Max Drawdown (5Y) Largest decline over 5 years	-26.46%	-26.30%	-0.16%
Max Drawdown (10Y) Largest decline over 10 years	-42.43%	-36.91%	-5.52%
Current Drawdown Current decline from peak	-0.03%	-0.25%	+0.22%
Average Drawdown Average peak-to-trough decline	-5.66%	-7.11%	+1.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	2.32%	-0.01%

Volatility

SCHM vs. UMBMX - Volatility Comparison

Schwab US Mid-Cap ETF (SCHM) has a higher volatility of 4.72% compared to Carillon Scout Mid Cap Fund (UMBMX) at 4.31%. This indicates that SCHM'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

	SCHM	UMBMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	4.31%	+0.41%
Volatility (6M) Calculated over the trailing 6-month period	11.74%	11.28%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	15.62%	14.37%	+1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.56%	17.73%	+1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.46%	19.11%	+1.35%

SCHM vs. UMBMX - Expense Ratio Comparison

SCHM has a 0.04% expense ratio, which is lower than UMBMX's 0.95% expense ratio.

Dividends

SCHM vs. UMBMX - Dividend Comparison

SCHM's dividend yield for the trailing twelve months is around 1.22%, less than UMBMX's 9.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHM Schwab US Mid-Cap ETF	1.22%	1.46%	1.43%	1.50%	1.67%	1.13%	1.31%	1.48%	1.56%	1.27%	1.51%	1.54%
UMBMX Carillon Scout Mid Cap Fund	9.06%	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 SCHM and UMBMX in my portfolio?

With a correlation of 0.94, SCHM 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.

Which is riskier, SCHM or UMBMX?

SCHM has higher volatility (4.72%) compared to UMBMX (4.31%). In terms of maximum drawdown, SCHM dropped -42.43% vs UMBMX's -49.91%.

Which has better risk-adjusted returns?

SCHM currently has the higher Sharpe Ratio (2.09 vs 1.90), 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.