CNWIX vs. FEDAX
Compare and contrast key facts about Calamos Evolving World Growth Fund Class I (CNWIX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX).
CNWIX is managed by Calamos. FEDAX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
CNWIX vs. FEDAX - Performance Comparison
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CNWIX vs. FEDAX - 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% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.10% | 31.49% | -3.90% | 20.38% | -12.13% | 6.39% | 16.62% | 19.32% | -19.19% | 36.46% |
Returns By Period
In the year-to-date period, CNWIX achieves a 4.79% return, which is significantly higher than FEDAX's 4.10% return. Over the past 10 years, CNWIX has underperformed FEDAX with an annualized return of 8.36%, while FEDAX has yielded a comparatively higher 9.23% 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%
FEDAX
- 1D
- -0.75%
- 1M
- -9.21%
- YTD
- 4.10%
- 6M
- 10.12%
- 1Y
- 34.84%
- 3Y*
- 14.63%
- 5Y*
- 7.41%
- 10Y*
- 9.23%
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CNWIX vs. FEDAX - Expense Ratio Comparison
CNWIX has a 1.05% expense ratio, which is lower than FEDAX's 1.49% expense ratio.
Return for Risk
CNWIX vs. FEDAX — Risk / Return Rank
CNWIX
FEDAX
CNWIX vs. FEDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Evolving World Growth Fund Class I (CNWIX) and Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX). 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 | FEDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 2.36 | -1.00 |
Sortino ratioReturn per unit of downside risk | 1.78 | 2.95 | -1.18 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.45 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 3.15 | -1.60 |
Martin ratioReturn relative to average drawdown | 6.05 | 12.43 | -6.39 |
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 | FEDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 2.36 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.53 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.59 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.49 | -0.23 |
Correlation
The correlation between CNWIX and FEDAX is 0.84, 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. FEDAX - Dividend Comparison
CNWIX's dividend yield for the trailing twelve months is around 0.06%, less than FEDAX's 4.39% 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% |
FEDAX Fidelity Advisor Emerging Markets Discovery Fund Class A | 4.39% | 4.57% | 3.79% | 1.85% | 1.41% | 11.64% | 0.31% | 0.74% | 1.54% | 1.50% | 1.13% | 0.52% |
Drawdowns
CNWIX vs. FEDAX - Drawdown Comparison
The maximum CNWIX drawdown since its inception was -43.57%, roughly equal to the maximum FEDAX drawdown of -43.35%. Use the drawdown chart below to compare losses from any high point for CNWIX and FEDAX.
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Drawdown Indicators
| CNWIX | FEDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.57% | -43.35% | -0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -9.95% | -6.33% |
Max Drawdown (5Y)Largest decline over 5 years | -37.47% | -27.68% | -9.79% |
Max Drawdown (10Y)Largest decline over 10 years | -43.57% | -43.35% | -0.22% |
Current DrawdownCurrent decline from peak | -16.28% | -9.58% | -6.70% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -9.06% | -7.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 2.52% | +1.65% |
Volatility
CNWIX vs. FEDAX - Volatility Comparison
Calamos Evolving World Growth Fund Class I (CNWIX) has a higher volatility of 10.65% compared to Fidelity Advisor Emerging Markets Discovery Fund Class A (FEDAX) at 6.48%. This indicates that CNWIX's price experiences larger fluctuations and is considered to be riskier than FEDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNWIX | FEDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.65% | 6.48% | +4.17% |
Volatility (6M)Calculated over the trailing 6-month period | 16.88% | 9.76% | +7.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.17% | 14.38% | +5.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 13.98% | +3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.07% | 15.67% | +8.40% |