UMBHX vs. ALFAX

Last updated Jun 5, 2026

UMBHX (Carillon Scout Small Cap Fund) and ALFAX (Lord Abbett Alpha Strategy Fund) are both Small Cap Growth Equities funds. With a 1.00 correlation, they move nearly in lockstep. UMBHX charges 0.90%/yr vs 1.40%/yr for ALFAX.

Performance

UMBHX vs. ALFAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Carillon Scout Small Cap Fund (UMBHX) and Lord Abbett Alpha Strategy Fund (ALFAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UMBHX

• 1D: 0.29%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ALFAX

• 1D: -0.19%
• 1M: 2.22%
• YTD: 18.47%
• 6M: 17.29%
• 1Y: 32.20%
• 3Y*: 15.66%
• 5Y*: 5.07%
• 10Y*: 10.49%

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

UMBHX vs. ALFAX - Yearly Performance Comparison

	2026 (YTD)
UMBHX Carillon Scout Small Cap Fund	0.73%
ALFAX Lord Abbett Alpha Strategy Fund	-0.50%

Correlation

The correlation between UMBHX and ALFAX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	1.00

Return for Risk

UMBHX vs. ALFAX — Risk / Return Rank

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

ALFAX

ALFAX Risk / Return Rank: 53
ALFAX Sharpe Ratio Rank: 45
ALFAX Sortino Ratio Rank: 45
ALFAX Omega Ratio Rank: 41
ALFAX Calmar Ratio Rank: 70
ALFAX Martin Ratio Rank: 62

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. ALFAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carillon Scout Small Cap Fund (UMBHX) and Lord Abbett Alpha Strategy Fund (ALFAX). 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.

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

Sharpe Ratios by Period

	UMBHX	ALFAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.94	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.26	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.70	0.43	+2.27

Drawdowns

UMBHX vs. ALFAX - Drawdown Comparison

The maximum UMBHX drawdown since its inception was -1.86%, smaller than the maximum ALFAX drawdown of -57.11%. Use the drawdown chart below to compare losses from any high point for UMBHX and ALFAX.

Drawdown Indicators

	UMBHX	ALFAX	Difference
Max Drawdown Largest peak-to-trough decline	-1.86%	-57.11%	+55.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.31%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.88%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.29%	—
Current Drawdown Current decline from peak	0.00%	-0.50%	+0.50%
Average Drawdown Average peak-to-trough decline	-0.63%	-12.87%	+12.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.67%	—

Volatility

Volatility by Period

	UMBHX	ALFAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.77%	16.86%	+7.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.77%	19.86%	+4.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.77%	20.72%	+4.05%

UMBHX vs. ALFAX - Expense Ratio Comparison

UMBHX has a 0.90% expense ratio, which is lower than ALFAX's 1.40% expense ratio.

Dividends

UMBHX vs. ALFAX - Dividend Comparison

UMBHX has not paid dividends to shareholders, while ALFAX's dividend yield for the trailing twelve months is around 4.48%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALFAX Lord Abbett Alpha Strategy Fund	4.48%	5.30%	0.80%	0.46%	6.94%	5.38%	7.99%	14.66%	16.61%	11.96%	11.85%	15.83%
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 ALFAX in my portfolio?

With a correlation of 1.00, UMBHX and ALFAX 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.