UMBMX vs. IWR
UMBMX (Carillon Scout Mid Cap Fund) and IWR (iShares Russell Midcap ETF) are both funds - UMBMX is a Mid Cap Blend Equities fund managed by Carillon Family of Funds, while IWR is a Mid Cap Growth Equities fund tracking the Russell Midcap Index. Over the past 10 years, UMBMX returned 13.35%/yr vs 11.90%/yr for IWR. With a 0.95 correlation, they move nearly in lockstep. UMBMX charges 0.95%/yr vs 0.19%/yr for IWR.
Performance
UMBMX vs. IWR - Performance Comparison
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Returns By Period
In the year-to-date period, UMBMX achieves a 15.02% return, which is significantly higher than IWR's 12.62% return. Over the past 10 years, UMBMX has outperformed IWR with an annualized return of 13.35%, while IWR has yielded a comparatively lower 11.90% annualized return.
UMBMX
- 1D
- 0.40%
- 1M
- 2.83%
- YTD
- 15.02%
- 6M
- 13.51%
- 1Y
- 26.78%
- 3Y*
- 21.11%
- 5Y*
- 9.65%
- 10Y*
- 13.35%
IWR
- 1D
- -1.15%
- 1M
- 2.08%
- YTD
- 12.62%
- 6M
- 11.09%
- 1Y
- 20.95%
- 3Y*
- 16.93%
- 5Y*
- 7.89%
- 10Y*
- 11.90%
UMBMX vs. IWR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UMBMX Carillon Scout Mid Cap Fund | 15.02% | 15.46% | 22.93% | 12.73% | -17.31% | 15.69% | 27.28% | 20.76% | -9.83% | 24.04% |
IWR iShares Russell Midcap ETF | 12.62% | 10.37% | 15.21% | 17.05% | -17.48% | 22.44% | 16.93% | 30.23% | -9.10% | 18.25% |
Correlation
The correlation between UMBMX and IWR is 0.96 - 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 (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2006 | 0.95 |
The correlation between UMBMX and IWR has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
UMBMX vs. IWR — Risk / Return Rank
UMBMX
IWR
UMBMX vs. IWR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carillon Scout Mid Cap Fund (UMBMX) and iShares Russell Midcap ETF (IWR). 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.
| UMBMX | IWR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.27 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 2.58 | +0.46 |
| Martin ratioReturn relative to average drawdown | 11.91 | 9.85 | +2.05 |
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Drawdowns
UMBMX vs. IWR - Drawdown Comparison
The maximum UMBMX drawdown since its inception was -49.91%, smaller than the maximum IWR drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for UMBMX and IWR.
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Drawdown Indicators
| UMBMX | IWR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.91% | -58.78% | +8.87% |
Max Drawdown (1Y)Largest decline over 1 year | -9.19% | -8.17% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -21.09% | +1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -26.30% | -26.18% | -0.12% |
Max Drawdown (10Y)Largest decline over 10 years | -36.91% | -40.59% | +3.68% |
Current DrawdownCurrent decline from peak | -0.21% | -1.45% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -7.09% | -7.79% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.13% | +0.21% |
Volatility
UMBMX vs. IWR - Volatility Comparison
Carillon Scout Mid Cap Fund (UMBMX) has a higher volatility of 5.15% compared to iShares Russell Midcap ETF (IWR) at 4.61%. This indicates that UMBMX's price experiences larger fluctuations and is considered to be riskier than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UMBMX | IWR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 4.61% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.91% | 10.46% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.97% | 13.83% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.80% | 18.29% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.15% | 19.36% | -0.21% |
UMBMX vs. IWR - Expense Ratio Comparison
UMBMX has a 0.95% expense ratio, which is higher than IWR's 0.19% expense ratio.
Dividends
UMBMX vs. IWR - Dividend Comparison
UMBMX's dividend yield for the trailing twelve months is around 8.95%, more than IWR's 1.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWR iShares Russell Midcap ETF | 1.18% | 1.29% | 1.27% | 1.43% | 1.59% | 1.04% | 1.28% | 1.43% | 1.98% | 1.52% | 1.72% | 1.59% |
UMBMX Carillon Scout Mid Cap Fund | 8.95% | 10.29% | 15.75% | 0.17% | 4.21% | 11.54% | 2.40% | 0.74% | 8.09% | 8.38% | 2.39% | 8.74% |
Frequently Asked Questions
With a correlation of 0.96, UMBMX and IWR 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.
UMBMX has higher volatility (5.15%) compared to IWR (4.61%). In terms of maximum drawdown, UMBMX dropped -49.91% vs IWR's -58.78%.
UMBMX currently has the higher Sharpe Ratio (1.87 vs 1.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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