UMBHX vs. ACWDX

Last updated Jul 11, 2026

UMBHX (Carillon Scout Small Cap Fund) and ACWDX (AMG GW&K Small/Mid Cap Growth Fund) are both Small Cap Growth Equities funds. Their correlation of 0.94 suggests significant overlap in exposure. UMBHX charges 0.90%/yr vs 1.00%/yr for ACWDX.

Performance

UMBHX vs. ACWDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Carillon Scout Small Cap Fund (UMBHX) and AMG GW&K Small/Mid Cap Growth Fund (ACWDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UMBHX

• 1D: 2.32%
• 1M: 0.82%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACWDX

• 1D: 1.24%
• 1M: 2.52%
• 6M: 12.06%
• YTD: 17.77%
• 1Y: 17.83%
• 3Y*: 12.02%
• 5Y*: 4.86%
• 10Y*: 10.84%

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

UMBHX vs. ACWDX - Yearly Performance Comparison

	2026 (YTD)
UMBHX Carillon Scout Small Cap Fund	2.62%
ACWDX AMG GW&K Small/Mid Cap Growth Fund	3.56%

Correlation

The correlation between UMBHX and ACWDX 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 (All Time) Calculated using the full available price history since May 28, 2026	0.94

Return for Risk

UMBHX vs. ACWDX — Risk / Return Rank

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

UMBHX

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

ACWDX

ACWDX Risk / Return Rank: 16
ACWDX Sharpe Ratio Rank: 14
ACWDX Sortino Ratio Rank: 13
ACWDX Omega Ratio Rank: 17
ACWDX Calmar Ratio Rank: 18
ACWDX Martin Ratio Rank: 16

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.

UMBHX vs. ACWDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carillon Scout Small Cap Fund (UMBHX) and AMG GW&K Small/Mid Cap Growth Fund (ACWDX). 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.

	UMBHX	ACWDX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.76	—
Sortino ratio: Return per unit of downside risk	—	1.09	—
Omega ratio: Gain probability vs. loss probability	—	1.16	—
Calmar ratio: Return relative to maximum drawdown	—	1.13	—
Martin ratio: Return relative to average drawdown	—	3.03	—

Drawdowns

UMBHX vs. ACWDX - Drawdown Comparison

The maximum UMBHX drawdown since its inception was -6.07%, smaller than the maximum ACWDX drawdown of -38.86%. Use the drawdown chart below to compare losses from any high point for UMBHX and ACWDX.

Drawdown Indicators

	UMBHX	ACWDX	Difference
Max Drawdown Largest peak-to-trough decline	-6.07%	-38.86%	+32.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.99%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.64%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.86%	—
Current Drawdown Current decline from peak	-3.89%	-1.88%	-2.01%
Average Drawdown Average peak-to-trough decline	-1.91%	-10.00%	+8.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.54%	—

Volatility

Volatility by Period

	UMBHX	ACWDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	31.56%	22.23%	+9.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.56%	22.12%	+9.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.56%	23.34%	+8.22%

UMBHX vs. ACWDX - Expense Ratio Comparison

UMBHX has a 0.90% expense ratio, which is lower than ACWDX's 1.00% expense ratio.

Dividends

UMBHX vs. ACWDX - Dividend Comparison

Neither UMBHX nor ACWDX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACWDX AMG GW&K Small/Mid Cap Growth Fund	0.00%	0.00%	0.74%	0.00%	2.04%	58.27%	4.00%	0.00%	0.00%	0.00%	0.00%	0.02%
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 UMBHX and ACWDX in my portfolio?

With a correlation of 0.94, UMBHX and ACWDX 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.