CNWIX vs. FEDTX
Compare and contrast key facts about Calamos Evolving World Growth Fund Class I (CNWIX) and Fidelity Advisor Emerging Markets Discovery Fund Class M (FEDTX).
CNWIX is managed by Calamos. FEDTX is managed by Fidelity. It was launched on Nov 1, 2011.
Performance
CNWIX vs. FEDTX - Performance Comparison
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CNWIX vs. FEDTX - 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% |
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 3.99% | 31.19% | -4.16% | 20.12% | -12.35% | 6.05% | 16.31% | 18.91% | -19.40% | 36.42% |
Returns By Period
In the year-to-date period, CNWIX achieves a 4.79% return, which is significantly higher than FEDTX's 3.99% return. Over the past 10 years, CNWIX has underperformed FEDTX with an annualized return of 8.36%, while FEDTX has yielded a comparatively higher 8.96% 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%
FEDTX
- 1D
- -0.75%
- 1M
- -9.25%
- YTD
- 3.99%
- 6M
- 10.01%
- 1Y
- 34.47%
- 3Y*
- 14.34%
- 5Y*
- 7.13%
- 10Y*
- 8.96%
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CNWIX vs. FEDTX - Expense Ratio Comparison
CNWIX has a 1.05% expense ratio, which is lower than FEDTX's 1.76% expense ratio.
Return for Risk
CNWIX vs. FEDTX — Risk / Return Rank
CNWIX
FEDTX
CNWIX vs. FEDTX - 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 M (FEDTX). 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 | FEDTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 2.35 | -0.99 |
Sortino ratioReturn per unit of downside risk | 1.78 | 2.95 | -1.17 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.45 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 3.12 | -1.57 |
Martin ratioReturn relative to average drawdown | 6.05 | 12.26 | -6.21 |
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 | FEDTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 2.35 | -0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.51 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.58 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.48 | -0.21 |
Correlation
The correlation between CNWIX and FEDTX 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. FEDTX - Dividend Comparison
CNWIX's dividend yield for the trailing twelve months is around 0.06%, less than FEDTX's 4.14% 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% |
FEDTX Fidelity Advisor Emerging Markets Discovery Fund Class M | 4.14% | 4.31% | 3.30% | 1.63% | 1.10% | 11.36% | 0.05% | 0.48% | 0.87% | 1.51% | 0.95% | 0.22% |
Drawdowns
CNWIX vs. FEDTX - Drawdown Comparison
The maximum CNWIX drawdown since its inception was -43.57%, roughly equal to the maximum FEDTX drawdown of -43.70%. Use the drawdown chart below to compare losses from any high point for CNWIX and FEDTX.
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Drawdown Indicators
| CNWIX | FEDTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.57% | -43.70% | +0.13% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -9.94% | -6.34% |
Max Drawdown (5Y)Largest decline over 5 years | -37.47% | -27.91% | -9.56% |
Max Drawdown (10Y)Largest decline over 10 years | -43.57% | -43.70% | +0.13% |
Current DrawdownCurrent decline from peak | -16.28% | -9.62% | -6.66% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -9.26% | -7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 2.53% | +1.64% |
Volatility
CNWIX vs. FEDTX - 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 M (FEDTX) at 6.43%. This indicates that CNWIX's price experiences larger fluctuations and is considered to be riskier than FEDTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNWIX | FEDTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.65% | 6.43% | +4.22% |
Volatility (6M)Calculated over the trailing 6-month period | 16.88% | 9.71% | +7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.17% | 14.32% | +5.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 13.96% | +3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.07% | 15.63% | +8.44% |