SCPZX vs. AAIIX

Last updated Jun 3, 2026

SCPZX (Carillon Reams Core Plus Bond Fund) and AAIIX (Ancora Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, SCPZX returned 2.87%/yr vs 3.20%/yr for AAIIX. At a 0.28 correlation, their price movements are largely independent. SCPZX charges 0.40%/yr vs 2.20%/yr for AAIIX.

Performance

SCPZX vs. AAIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Carillon Reams Core Plus Bond Fund (SCPZX) and Ancora Income Fund (AAIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCPZX achieves a 0.81% return, which is significantly lower than AAIIX's 2.68% return. Over the past 10 years, SCPZX has underperformed AAIIX with an annualized return of 2.87%, while AAIIX has yielded a comparatively higher 3.20% annualized return.

SCPZX

• 1D: -0.11%
• 1M: -0.01%
• YTD: 0.81%
• 6M: 0.68%
• 1Y: 6.45%
• 3Y*: 4.51%
• 5Y*: 0.88%
• 10Y*: 2.87%

AAIIX

• 1D: 0.28%
• 1M: -0.48%
• YTD: 2.68%
• 6M: 2.75%
• 1Y: 8.32%
• 3Y*: 6.93%
• 5Y*: 2.08%
• 10Y*: 3.20%

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

SCPZX vs. AAIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCPZX Carillon Reams Core Plus Bond Fund	0.81%	8.68%	1.34%	6.27%	-11.79%	-1.96%	16.56%	8.30%	0.76%	3.51%
AAIIX Ancora Income Fund	2.68%	2.28%	9.23%	9.46%	-14.32%	9.21%	3.72%	11.08%	-5.60%	6.57%

Correlation

The correlation between SCPZX and AAIIX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jan 9, 2004	0.28

The correlation between SCPZX and AAIIX shifts across timeframes, from 0.28 (all time) to 0.50 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

SCPZX vs. AAIIX — Risk / Return Rank

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

SCPZX

SCPZX Risk / Return Rank: 28
SCPZX Sharpe Ratio Rank: 26
SCPZX Sortino Ratio Rank: 27
SCPZX Omega Ratio Rank: 24
SCPZX Calmar Ratio Rank: 33
SCPZX Martin Ratio Rank: 31

AAIIX

AAIIX Risk / Return Rank: 35
AAIIX Sharpe Ratio Rank: 41
AAIIX Sortino Ratio Rank: 42
AAIIX Omega Ratio Rank: 44
AAIIX Calmar Ratio Rank: 26
AAIIX Martin Ratio Rank: 25

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.

SCPZX vs. AAIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carillon Reams Core Plus Bond Fund (SCPZX) and Ancora Income Fund (AAIIX). 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.

	SCPZX	AAIIX	Difference
Sharpe ratio Return per unit of total volatility	1.49	1.87	-0.38
Sortino ratio Return per unit of downside risk	2.21	2.73	-0.52
Omega ratio Gain probability vs. loss probability	1.26	1.36	-0.10
Calmar ratio Return relative to maximum drawdown	2.19	1.95	+0.24
Martin ratio Return relative to average drawdown	7.37	6.31	+1.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCPZX vs. AAIIX - Sharpe Ratio Comparison

The current SCPZX Sharpe Ratio is 1.49, which is comparable to the AAIIX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of SCPZX and AAIIX, 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

	SCPZX	AAIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	1.87	-0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.00	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.00	+0.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.00	+0.34

Drawdowns

SCPZX vs. AAIIX - Drawdown Comparison

The maximum SCPZX drawdown since its inception was -28.85%, smaller than the maximum AAIIX drawdown of -98.01%. Use the drawdown chart below to compare losses from any high point for SCPZX and AAIIX.

Drawdown Indicators

	SCPZX	AAIIX	Difference
Max Drawdown Largest peak-to-trough decline	-28.85%	-98.01%	+69.16%
Max Drawdown (1Y) Largest decline over 1 year	-2.91%	-4.19%	+1.28%
Max Drawdown (3Y) Largest decline over 3 years	-7.72%	-98.01%	+90.29%
Max Drawdown (5Y) Largest decline over 5 years	-17.39%	-98.01%	+80.62%
Max Drawdown (10Y) Largest decline over 10 years	-18.38%	-98.01%	+79.63%
Current Drawdown Current decline from peak	-1.32%	-97.78%	+96.46%
Average Drawdown Average peak-to-trough decline	-3.75%	-12.32%	+8.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.86%	1.29%	-0.43%

Volatility

SCPZX vs. AAIIX - Volatility Comparison

Carillon Reams Core Plus Bond Fund (SCPZX) has a higher volatility of 1.57% compared to Ancora Income Fund (AAIIX) at 1.14%. This indicates that SCPZX's price experiences larger fluctuations and is considered to be riskier than AAIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCPZX	AAIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.57%	1.14%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	3.03%	3.20%	-0.17%
Volatility (1Y) Calculated over the trailing 1-year period	4.12%	4.47%	-0.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.56%	2,044.45%	-2,037.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.60%	1,445.64%	-1,440.04%

SCPZX vs. AAIIX - Expense Ratio Comparison

SCPZX has a 0.40% expense ratio, which is lower than AAIIX's 2.20% expense ratio.

Dividends

SCPZX vs. AAIIX - Dividend Comparison

SCPZX's dividend yield for the trailing twelve months is around 4.24%, less than AAIIX's 5.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAIIX Ancora Income Fund	5.18%	4.09%	4.57%	4.77%	4.52%	4.46%	5.68%	3.96%	4.36%	5.69%	6.40%	6.99%
SCPZX Carillon Reams Core Plus Bond Fund	4.24%	4.35%	4.70%	4.31%	3.06%	1.27%	5.79%	4.47%	2.26%	1.76%	3.92%	2.89%

Frequently Asked Questions

Can I hold both SCPZX and AAIIX in my portfolio?

SCPZX and AAIIX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCPZX or AAIIX?

SCPZX has higher volatility (1.57%) compared to AAIIX (1.14%). In terms of maximum drawdown, SCPZX dropped -28.85% vs AAIIX's -98.01%.

Which has better risk-adjusted returns?

AAIIX currently has the higher Sharpe Ratio (1.87 vs 1.49), 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.