CNWIX vs. FEDDX
Compare and contrast key facts about Calamos Evolving World Growth Fund Class I (CNWIX) and Fidelity Emerging Markets Discovery Fund (FEDDX).
CNWIX is managed by Calamos. FEDDX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
CNWIX vs. FEDDX - Performance Comparison
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CNWIX vs. FEDDX - 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% |
FEDDX Fidelity Emerging Markets Discovery Fund | 4.17% | 31.90% | -3.68% | 20.76% | -11.83% | 6.65% | 16.96% | 19.60% | -18.90% | 36.59% |
Returns By Period
In the year-to-date period, CNWIX achieves a 4.79% return, which is significantly higher than FEDDX's 4.17% return. Over the past 10 years, CNWIX has underperformed FEDDX with an annualized return of 8.36%, while FEDDX has yielded a comparatively higher 9.53% 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%
FEDDX
- 1D
- -0.74%
- 1M
- -9.17%
- YTD
- 4.17%
- 6M
- 10.32%
- 1Y
- 35.27%
- 3Y*
- 14.96%
- 5Y*
- 7.72%
- 10Y*
- 9.53%
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CNWIX vs. FEDDX - Expense Ratio Comparison
CNWIX has a 1.05% expense ratio, which is lower than FEDDX's 1.19% expense ratio.
Return for Risk
CNWIX vs. FEDDX — Risk / Return Rank
CNWIX
FEDDX
CNWIX vs. FEDDX - 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 Emerging Markets Discovery Fund (FEDDX). 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 | FEDDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 2.39 | -1.03 |
Sortino ratioReturn per unit of downside risk | 1.78 | 2.99 | -1.21 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.45 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 3.20 | -1.65 |
Martin ratioReturn relative to average drawdown | 6.05 | 12.68 | -6.64 |
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 | FEDDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 2.39 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.55 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.61 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.51 | -0.25 |
Correlation
The correlation between CNWIX and FEDDX 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. FEDDX - Dividend Comparison
CNWIX's dividend yield for the trailing twelve months is around 0.06%, less than FEDDX's 4.47% 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% |
FEDDX Fidelity Emerging Markets Discovery Fund | 4.46% | 4.65% | 3.99% | 2.05% | 1.69% | 11.90% | 0.59% | 1.05% | 1.88% | 1.50% | 1.36% | 0.81% |
Drawdowns
CNWIX vs. FEDDX - Drawdown Comparison
The maximum CNWIX drawdown since its inception was -43.57%, roughly equal to the maximum FEDDX drawdown of -42.95%. Use the drawdown chart below to compare losses from any high point for CNWIX and FEDDX.
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Drawdown Indicators
| CNWIX | FEDDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.57% | -42.95% | -0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -9.94% | -6.34% |
Max Drawdown (5Y)Largest decline over 5 years | -37.47% | -27.45% | -10.02% |
Max Drawdown (10Y)Largest decline over 10 years | -43.57% | -42.95% | -0.62% |
Current DrawdownCurrent decline from peak | -16.28% | -9.54% | -6.74% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -8.86% | -7.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 2.51% | +1.66% |
Volatility
CNWIX vs. FEDDX - Volatility Comparison
Calamos Evolving World Growth Fund Class I (CNWIX) has a higher volatility of 10.65% compared to Fidelity Emerging Markets Discovery Fund (FEDDX) at 6.44%. This indicates that CNWIX's price experiences larger fluctuations and is considered to be riskier than FEDDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNWIX | FEDDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.65% | 6.44% | +4.21% |
Volatility (6M)Calculated over the trailing 6-month period | 16.88% | 9.73% | +7.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.17% | 14.37% | +5.80% |
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% | 15.65% | +8.42% |