CNWIX vs. FIQGX
Compare and contrast key facts about Calamos Evolving World Growth Fund Class I (CNWIX) and Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX).
CNWIX is managed by Calamos. FIQGX is managed by Fidelity. It was launched on Oct 2, 2018.
Performance
CNWIX vs. FIQGX - Performance Comparison
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CNWIX vs. FIQGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CNWIX Calamos Evolving World Growth Fund Class I | 7.40% | 19.29% | 14.99% | 6.60% | -24.35% | -4.70% | 54.23% | 20.76% | -3.52% |
FIQGX Fidelity Advisor Emerging Markets Discovery Fund Class Z | 6.15% | 31.96% | -3.54% | 20.94% | -11.74% | 6.86% | 17.11% | 19.81% | -1.18% |
Returns By Period
In the year-to-date period, CNWIX achieves a 7.40% return, which is significantly higher than FIQGX's 6.15% 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%
FIQGX
- 1D
- 1.90%
- 1M
- -6.09%
- YTD
- 6.15%
- 6M
- 11.78%
- 1Y
- 36.85%
- 3Y*
- 15.79%
- 5Y*
- 7.98%
- 10Y*
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CNWIX vs. FIQGX - Expense Ratio Comparison
Both CNWIX and FIQGX have an expense ratio of 1.05%.
Return for Risk
CNWIX vs. FIQGX — Risk / Return Rank
CNWIX
FIQGX
CNWIX vs. FIQGX - 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 Z (FIQGX). 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 | FIQGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.53 | 2.64 | -1.11 |
Sortino ratioReturn per unit of downside risk | 1.96 | 3.28 | -1.32 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.50 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 3.70 | -1.83 |
Martin ratioReturn relative to average drawdown | 7.15 | 14.41 | -7.25 |
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 | FIQGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 2.64 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.57 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.64 | -0.37 |
Correlation
The correlation between CNWIX and FIQGX is 0.86, 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. FIQGX - Dividend Comparison
CNWIX's dividend yield for the trailing twelve months is around 0.06%, less than FIQGX's 4.59% 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% |
FIQGX Fidelity Advisor Emerging Markets Discovery Fund Class Z | 4.59% | 4.87% | 4.07% | 2.20% | 1.86% | 12.04% | 0.71% | 1.22% | 2.16% | 0.00% | 0.00% | 0.00% |
Drawdowns
CNWIX vs. FIQGX - Drawdown Comparison
The maximum CNWIX drawdown since its inception was -43.57%, which is greater than FIQGX's maximum drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for CNWIX and FIQGX.
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Drawdown Indicators
| CNWIX | FIQGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.57% | -38.41% | -5.16% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -9.94% | -6.34% |
Max Drawdown (5Y)Largest decline over 5 years | -37.47% | -27.36% | -10.11% |
Max Drawdown (10Y)Largest decline over 10 years | -43.57% | — | — |
Current DrawdownCurrent decline from peak | -14.20% | -7.83% | -6.37% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -7.02% | -9.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.26% | 2.55% | +1.71% |
Volatility
CNWIX vs. FIQGX - Volatility Comparison
Calamos Evolving World Growth Fund Class I (CNWIX) has a higher volatility of 11.15% compared to Fidelity Advisor Emerging Markets Discovery Fund Class Z (FIQGX) at 6.78%. This indicates that CNWIX's price experiences larger fluctuations and is considered to be riskier than FIQGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNWIX | FIQGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.15% | 6.78% | +4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 17.00% | 9.92% | +7.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.27% | 14.45% | +5.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.56% | 14.01% | +3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.08% | 16.77% | +7.31% |