SUBFX vs. QFITX

Last updated Jul 15, 2026

SUBFX (Carillon Reams Unconstrained Bond Fund) and QFITX (Quantified Tactical Fixed Income Fund) are both Nontraditional Bonds funds. At a 0.25 correlation, their price movements are largely independent. SUBFX charges 0.50%/yr vs 1.56%/yr for QFITX.

Performance

SUBFX vs. QFITX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Carillon Reams Unconstrained Bond Fund (SUBFX) and Quantified Tactical Fixed Income Fund (QFITX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SUBFX

• 1D: -0.24%
• 1M: -0.05%
• 6M: 0.34%
• YTD: 0.74%
• 1Y: 4.58%
• 3Y*: 6.40%
• 5Y*: 3.61%
• 10Y*: 3.82%

QFITX

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

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

SUBFX vs. QFITX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SUBFX Carillon Reams Unconstrained Bond Fund	0.74%	10.61%	4.22%	8.53%	-4.74%	-0.32%	11.18%	1.08%
QFITX Quantified Tactical Fixed Income Fund	-4.59%	-7.64%	-1.03%	-6.54%	-22.87%	36.77%	10.36%	2.31%

Correlation

The correlation between SUBFX and QFITX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Sep 18, 2019	0.25

The correlation between SUBFX and QFITX shifts across timeframes, from 0.25 (all time) to 0.39 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

SUBFX vs. QFITX — Risk / Return Rank

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

SUBFX

SUBFX Risk / Return Rank: 40
SUBFX Sharpe Ratio Rank: 38
SUBFX Sortino Ratio Rank: 40
SUBFX Omega Ratio Rank: 41
SUBFX Calmar Ratio Rank: 42
SUBFX Martin Ratio Rank: 40

QFITX

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

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.

SUBFX vs. QFITX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carillon Reams Unconstrained Bond Fund (SUBFX) and Quantified Tactical Fixed Income Fund (QFITX). 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.

	SUBFX	QFITX	Difference
Sharpe ratio: Return per unit of total volatility	1.35	—	—
Sortino ratio: Return per unit of downside risk	2.01	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	1.97	—	—
Martin ratio: Return relative to average drawdown	6.83	—	—

Drawdowns

Drawdown Indicators

	SUBFX	QFITX	Difference
Max Drawdown Largest peak-to-trough decline	-11.22%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.34%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-10.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-11.22%	—	—
Current Drawdown Current decline from peak	-1.09%	—	—
Average Drawdown Average peak-to-trough decline	-1.46%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	—	—

Volatility

Volatility by Period

	SUBFX	QFITX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.41%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.51%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.30%	—	—

SUBFX vs. QFITX - Expense Ratio Comparison

SUBFX has a 0.50% expense ratio, which is lower than QFITX's 1.56% expense ratio.

Dividends

SUBFX vs. QFITX - Dividend Comparison

SUBFX's dividend yield for the trailing twelve months is around 6.12%, less than QFITX's 16.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QFITX Quantified Tactical Fixed Income Fund	16.08%	12.72%	3.70%	0.08%	0.15%	29.15%	2.12%	4.28%	0.00%	0.00%	0.00%	0.00%
SUBFX Carillon Reams Unconstrained Bond Fund	6.12%	6.44%	4.92%	4.52%	2.16%	1.96%	3.01%	2.83%	2.06%	1.17%	1.01%	0.52%

Frequently Asked Questions

Can I hold both SUBFX and QFITX in my portfolio?

SUBFX and QFITX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.