UMBHX vs. NEAIX

Last updated Jun 23, 2026

UMBHX (Carillon Scout Small Cap Fund) and NEAIX (Needham Aggressive Growth Fund Institutional Class) are both Small Cap Growth Equities funds. Their correlation of 0.87 suggests significant overlap in exposure. UMBHX charges 0.90%/yr vs 1.20%/yr for NEAIX.

Performance

UMBHX vs. NEAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Carillon Scout Small Cap Fund (UMBHX) and Needham Aggressive Growth Fund Institutional Class (NEAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UMBHX

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

NEAIX

• 1D: 3.36%
• 1M: 10.07%
• YTD: 62.37%
• 6M: 59.51%
• 1Y: 93.45%
• 3Y*: 38.53%
• 5Y*: 24.40%
• 10Y*: —

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

UMBHX vs. NEAIX - Yearly Performance Comparison

	2026 (YTD)
UMBHX Carillon Scout Small Cap Fund	4.37%
NEAIX Needham Aggressive Growth Fund Institutional Class	5.71%

Correlation

The correlation between UMBHX and NEAIX is 0.87, 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	0.87

Return for Risk

UMBHX vs. NEAIX — 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.

NEAIX

NEAIX Risk / Return Rank: 93
NEAIX Sharpe Ratio Rank: 97
NEAIX Sortino Ratio Rank: 87
NEAIX Omega Ratio Rank: 84
NEAIX Calmar Ratio Rank: 97
NEAIX Martin Ratio Rank: 97

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. NEAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Carillon Scout Small Cap Fund (UMBHX) and Needham Aggressive Growth Fund Institutional Class (NEAIX). 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	NEAIX	Difference
Sharpe ratio: Return per unit of total volatility	—	3.40	—
Sortino ratio: Return per unit of downside risk	—	3.89	—
Omega ratio: Gain probability vs. loss probability	—	1.52	—
Calmar ratio: Return relative to maximum drawdown	—	6.65	—
Martin ratio: Return relative to average drawdown	—	26.15	—

Drawdowns

UMBHX vs. NEAIX - Drawdown Comparison

The maximum UMBHX drawdown since its inception was -5.16%, smaller than the maximum NEAIX drawdown of -35.93%. Use the drawdown chart below to compare losses from any high point for UMBHX and NEAIX.

Drawdown Indicators

	UMBHX	NEAIX	Difference
Max Drawdown Largest peak-to-trough decline	-5.16%	-35.93%	+30.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.98%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-28.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.93%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.38%	-8.57%	+7.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.55%	—

Volatility

Volatility by Period

	UMBHX	NEAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.79%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	33.74%	27.29%	+6.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.74%	24.92%	+8.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.74%	24.74%	+9.00%

UMBHX vs. NEAIX - Expense Ratio Comparison

UMBHX has a 0.90% expense ratio, which is lower than NEAIX's 1.20% expense ratio.

Dividends

UMBHX vs. NEAIX - Dividend Comparison

UMBHX has not paid dividends to shareholders, while NEAIX's dividend yield for the trailing twelve months is around 1.24%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NEAIX Needham Aggressive Growth Fund Institutional Class	1.24%	2.01%	0.00%	0.00%	0.00%	6.84%	3.80%	10.42%	16.35%	5.14%
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%

Frequently Asked Questions

Can I hold both UMBHX and NEAIX in my portfolio?

UMBHX and NEAIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.