CNWIX vs. FEMKX
Compare and contrast key facts about Calamos Evolving World Growth Fund Class I (CNWIX) and Fidelity Emerging Markets (FEMKX).
CNWIX is managed by Calamos. FEMKX is managed by Fidelity. It was launched on Nov 1, 1990.
Performance
CNWIX vs. FEMKX - Performance Comparison
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CNWIX vs. FEMKX - 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% |
FEMKX Fidelity Emerging Markets | -2.45% | 31.02% | 7.12% | 15.16% | -27.48% | 1.25% | 32.56% | 33.67% | -18.03% | 46.92% |
Returns By Period
In the year-to-date period, CNWIX achieves a 4.79% return, which is significantly higher than FEMKX's -2.45% return. Over the past 10 years, CNWIX has underperformed FEMKX with an annualized return of 8.36%, while FEMKX has yielded a comparatively higher 9.57% 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%
FEMKX
- 1D
- -0.90%
- 1M
- -11.42%
- YTD
- -2.45%
- 6M
- 1.51%
- 1Y
- 29.35%
- 3Y*
- 13.32%
- 5Y*
- 2.59%
- 10Y*
- 9.57%
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CNWIX vs. FEMKX - Expense Ratio Comparison
CNWIX has a 1.05% expense ratio, which is higher than FEMKX's 0.88% expense ratio.
Return for Risk
CNWIX vs. FEMKX — Risk / Return Rank
CNWIX
FEMKX
CNWIX vs. FEMKX - 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 (FEMKX). 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 | FEMKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 1.48 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.78 | 2.03 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.29 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.01 | -0.46 |
Martin ratioReturn relative to average drawdown | 6.05 | 7.64 | -1.60 |
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 | FEMKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 1.48 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.14 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.52 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.29 | -0.03 |
Correlation
The correlation between CNWIX and FEMKX is 0.92, 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. FEMKX - Dividend Comparison
CNWIX's dividend yield for the trailing twelve months is around 0.06%, more than FEMKX's 0.05% 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% |
FEMKX Fidelity Emerging Markets | 0.05% | 0.05% | 0.65% | 1.11% | 0.77% | 6.00% | 1.39% | 1.71% | 0.83% | 0.08% | 0.67% | 0.51% |
Drawdowns
CNWIX vs. FEMKX - Drawdown Comparison
The maximum CNWIX drawdown since its inception was -43.57%, smaller than the maximum FEMKX drawdown of -71.14%. Use the drawdown chart below to compare losses from any high point for CNWIX and FEMKX.
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Drawdown Indicators
| CNWIX | FEMKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.57% | -71.14% | +27.57% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -13.00% | -3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -37.47% | -40.88% | +3.41% |
Max Drawdown (10Y)Largest decline over 10 years | -43.57% | -43.24% | -0.33% |
Current DrawdownCurrent decline from peak | -16.28% | -13.00% | -3.28% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -26.06% | +9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 3.42% | +0.75% |
Volatility
CNWIX vs. FEMKX - Volatility Comparison
Calamos Evolving World Growth Fund Class I (CNWIX) has a higher volatility of 10.65% compared to Fidelity Emerging Markets (FEMKX) at 9.18%. This indicates that CNWIX's price experiences larger fluctuations and is considered to be riskier than FEMKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNWIX | FEMKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.65% | 9.18% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 16.88% | 14.16% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.17% | 19.32% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 18.46% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.07% | 18.41% | +5.66% |