UMBHX vs. JMIGX

Last updated Jun 5, 2026

UMBHX (Carillon Scout Small Cap Fund) and JMIGX (Jacob Discovery Fund) are both Small Cap Growth Equities funds. At a correlation of -0.60, they often move in opposite directions. UMBHX charges 0.90%/yr vs 1.75%/yr for JMIGX.

Performance

UMBHX vs. JMIGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Carillon Scout Small Cap Fund (UMBHX) and Jacob Discovery Fund (JMIGX). 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*: —

JMIGX

• 1D: -2.88%
• 1M: -8.64%
• YTD: -4.01%
• 6M: -5.47%
• 1Y: 38.02%
• 3Y*: 10.31%
• 5Y*: -5.43%
• 10Y*: 12.69%

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

UMBHX vs. JMIGX - Yearly Performance Comparison

	2026 (YTD)
UMBHX Carillon Scout Small Cap Fund	0.73%
JMIGX Jacob Discovery Fund	-5.81%

Correlation

The correlation between UMBHX and JMIGX is -0.60, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-0.60

Return for Risk

UMBHX vs. JMIGX — Risk / Return Rank

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

JMIGX

JMIGX Risk / Return Rank: 31
JMIGX Sharpe Ratio Rank: 30
JMIGX Sortino Ratio Rank: 30
JMIGX Omega Ratio Rank: 26
JMIGX Calmar Ratio Rank: 37
JMIGX Martin Ratio Rank: 30

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. JMIGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carillon Scout Small Cap Fund (UMBHX) and Jacob Discovery Fund (JMIGX). 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	JMIGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.53	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.20	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.70	0.29	+2.41

Drawdowns

UMBHX vs. JMIGX - Drawdown Comparison

The maximum UMBHX drawdown since its inception was -1.86%, smaller than the maximum JMIGX drawdown of -70.25%. Use the drawdown chart below to compare losses from any high point for UMBHX and JMIGX.

Drawdown Indicators

	UMBHX	JMIGX	Difference
Max Drawdown Largest peak-to-trough decline	-1.86%	-70.25%	+68.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.70%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-29.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-59.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-61.67%	—
Current Drawdown Current decline from peak	0.00%	-31.57%	+31.57%
Average Drawdown Average peak-to-trough decline	-0.63%	-26.87%	+26.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.73%	—

Volatility

Volatility by Period

	UMBHX	JMIGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.80%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.77%	25.76%	-0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.77%	27.07%	-2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.77%	26.24%	-1.47%

UMBHX vs. JMIGX - Expense Ratio Comparison

UMBHX has a 0.90% expense ratio, which is lower than JMIGX's 1.75% expense ratio.

Dividends

UMBHX vs. JMIGX - Dividend Comparison

UMBHX has not paid dividends to shareholders, while JMIGX's dividend yield for the trailing twelve months is around 0.52%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JMIGX Jacob Discovery Fund	0.52%	0.50%	0.00%	0.00%	0.00%	2.30%	6.37%	0.00%	0.00%	0.00%	0.00%	27.75%
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 JMIGX in my portfolio?

UMBHX and JMIGX have a correlation of -0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.