CNWIX vs. FEMSX
Compare and contrast key facts about Calamos Evolving World Growth Fund Class I (CNWIX) and Fidelity Series Emerging Markets Opportunities Fund (FEMSX).
CNWIX is managed by Calamos. FEMSX is managed by Fidelity. It was launched on Dec 9, 2008.
Performance
CNWIX vs. FEMSX - Performance Comparison
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CNWIX vs. FEMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNWIX Calamos Evolving World Growth Fund Class I | 7.40% | 19.29% | 14.99% | 6.60% | -24.35% | -4.70% | 54.23% | 20.76% | -17.74% | 36.97% |
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 5.44% | 37.92% | 7.84% | 14.23% | -23.95% | -5.14% | 24.72% | 28.87% | -16.20% | 49.92% |
Returns By Period
In the year-to-date period, CNWIX achieves a 7.40% return, which is significantly higher than FEMSX's 5.44% return. Over the past 10 years, CNWIX has underperformed FEMSX with an annualized return of 8.63%, while FEMSX has yielded a comparatively higher 10.88% annualized return.
CNWIX
- 1D
- 2.49%
- 1M
- -13.56%
- YTD
- 7.40%
- 6M
- 5.59%
- 1Y
- 30.77%
- 3Y*
- 14.38%
- 5Y*
- 2.25%
- 10Y*
- 8.63%
FEMSX
- 1D
- 3.55%
- 1M
- -8.32%
- YTD
- 5.44%
- 6M
- 10.54%
- 1Y
- 38.82%
- 3Y*
- 19.32%
- 5Y*
- 4.35%
- 10Y*
- 10.88%
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CNWIX vs. FEMSX - Expense Ratio Comparison
CNWIX has a 1.05% expense ratio, which is higher than FEMSX's 0.01% expense ratio.
Return for Risk
CNWIX vs. FEMSX — Risk / Return Rank
CNWIX
FEMSX
CNWIX vs. FEMSX - 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 Series Emerging Markets Opportunities Fund (FEMSX). 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 | FEMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.53 | 2.08 | -0.55 |
Sortino ratioReturn per unit of downside risk | 1.96 | 2.68 | -0.72 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.40 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 2.89 | -1.02 |
Martin ratioReturn relative to average drawdown | 7.15 | 11.41 | -4.26 |
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 | FEMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 2.08 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.23 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.57 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.50 | -0.23 |
Correlation
The correlation between CNWIX and FEMSX is 0.93, 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. FEMSX - Dividend Comparison
CNWIX's dividend yield for the trailing twelve months is around 0.06%, less than FEMSX's 2.32% 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% |
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 2.32% | 2.45% | 2.08% | 2.82% | 2.39% | 12.83% | 2.99% | 2.48% | 9.42% | 8.98% | 1.46% | 1.27% |
Drawdowns
CNWIX vs. FEMSX - Drawdown Comparison
The maximum CNWIX drawdown since its inception was -43.57%, roughly equal to the maximum FEMSX drawdown of -44.16%. Use the drawdown chart below to compare losses from any high point for CNWIX and FEMSX.
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Drawdown Indicators
| CNWIX | FEMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.57% | -44.16% | +0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -13.42% | -2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -37.47% | -41.64% | +4.17% |
Max Drawdown (10Y)Largest decline over 10 years | -43.57% | -44.16% | +0.59% |
Current DrawdownCurrent decline from peak | -14.20% | -10.35% | -3.85% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -13.52% | -3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | 3.40% | +0.86% |
Volatility
CNWIX vs. FEMSX - Volatility Comparison
Calamos Evolving World Growth Fund Class I (CNWIX) has a higher volatility of 11.15% compared to Fidelity Series Emerging Markets Opportunities Fund (FEMSX) at 10.41%. This indicates that CNWIX's price experiences larger fluctuations and is considered to be riskier than FEMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNWIX | FEMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.15% | 10.41% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 17.00% | 14.73% | +2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.27% | 19.16% | +1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.56% | 18.65% | -1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.08% | 19.13% | +4.95% |