CNWIX vs. DEMAX
Compare and contrast key facts about Calamos Evolving World Growth Fund Class I (CNWIX) and Nomura Emerging Markets Fund Class A (DEMAX).
CNWIX is managed by Calamos. DEMAX is an actively managed fund by Nomura. It was launched on Jun 10, 1996.
Performance
CNWIX vs. DEMAX - Performance Comparison
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CNWIX vs. DEMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNWIX Calamos Evolving World Growth Fund Class I | 4.79% | 19.29% | 14.99% | 6.60% | -24.35% | -4.70% | 54.23% | 20.76% | -17.74% | 36.97% |
DEMAX Nomura Emerging Markets Fund Class A | 13.26% | 86.33% | 6.25% | 17.34% | -28.85% | -2.32% | 25.54% | 24.05% | -17.32% | 41.62% |
Returns By Period
In the year-to-date period, CNWIX achieves a 4.79% return, which is significantly lower than DEMAX's 13.26% return. Over the past 10 years, CNWIX has underperformed DEMAX with an annualized return of 8.36%, while DEMAX has yielded a comparatively higher 14.09% annualized return.
CNWIX
- 1D
- -2.00%
- 1M
- -16.05%
- YTD
- 4.79%
- 6M
- 3.82%
- 1Y
- 27.65%
- 3Y*
- 13.45%
- 5Y*
- 2.05%
- 10Y*
- 8.36%
DEMAX
- 1D
- 0.97%
- 1M
- -18.27%
- YTD
- 13.26%
- 6M
- 43.25%
- 1Y
- 104.18%
- 3Y*
- 34.89%
- 5Y*
- 12.22%
- 10Y*
- 14.09%
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CNWIX vs. DEMAX - Expense Ratio Comparison
CNWIX has a 1.05% expense ratio, which is lower than DEMAX's 1.42% expense ratio.
Return for Risk
CNWIX vs. DEMAX — Risk / Return Rank
CNWIX
DEMAX
CNWIX vs. DEMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Evolving World Growth Fund Class I (CNWIX) and Nomura Emerging Markets Fund Class A (DEMAX). 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.
| CNWIX | DEMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 3.10 | -1.73 |
Sortino ratioReturn per unit of downside risk | 1.78 | 3.27 | -1.50 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.50 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 4.78 | -3.24 |
Martin ratioReturn relative to average drawdown | 6.05 | 18.45 | -12.41 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNWIX | DEMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 3.10 | -1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.53 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.64 | -0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.43 | -0.17 |
Correlation
The correlation between CNWIX and DEMAX is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CNWIX vs. DEMAX - Dividend Comparison
CNWIX's dividend yield for the trailing twelve months is around 0.06%, less than DEMAX's 16.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNWIX Calamos Evolving World Growth Fund Class I | 0.06% | 0.06% | 0.00% | 0.54% | 0.97% | 2.79% | 2.01% | 1.04% | 0.00% | 0.42% | 0.00% | 0.38% |
DEMAX Nomura Emerging Markets Fund Class A | 16.80% | 19.03% | 1.74% | 2.76% | 1.60% | 3.16% | 0.56% | 0.57% | 0.34% | 1.59% | 0.70% | 0.03% |
Drawdowns
CNWIX vs. DEMAX - Drawdown Comparison
The maximum CNWIX drawdown since its inception was -43.57%, smaller than the maximum DEMAX drawdown of -63.23%. Use the drawdown chart below to compare losses from any high point for CNWIX and DEMAX.
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Drawdown Indicators
| CNWIX | DEMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.57% | -63.23% | +19.66% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -20.32% | +4.04% |
Max Drawdown (5Y)Largest decline over 5 years | -37.47% | -44.15% | +6.68% |
Max Drawdown (10Y)Largest decline over 10 years | -43.57% | -46.51% | +2.94% |
Current DrawdownCurrent decline from peak | -16.28% | -19.55% | +3.27% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -18.84% | +2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 5.27% | -1.10% |
Volatility
CNWIX vs. DEMAX - Volatility Comparison
The current volatility for Calamos Evolving World Growth Fund Class I (CNWIX) is 10.65%, while Nomura Emerging Markets Fund Class A (DEMAX) has a volatility of 19.13%. This indicates that CNWIX experiences smaller price fluctuations and is considered to be less risky than DEMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNWIX | DEMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.65% | 19.13% | -8.48% |
Volatility (6M)Calculated over the trailing 6-month period | 16.88% | 28.50% | -11.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.17% | 33.35% | -13.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 23.12% | -5.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.07% | 21.94% | +2.13% |