CNWIX vs. FKEMX
Compare and contrast key facts about Calamos Evolving World Growth Fund Class I (CNWIX) and Fidelity Emerging Markets K (FKEMX).
CNWIX is managed by Calamos. FKEMX is managed by Fidelity. It was launched on May 9, 2008.
Performance
CNWIX vs. FKEMX - Performance Comparison
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CNWIX vs. FKEMX - 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% |
FKEMX Fidelity Emerging Markets K | 0.98% | 31.18% | 7.26% | 15.36% | -27.42% | 1.40% | 32.68% | 33.86% | -17.92% | 46.97% |
Returns By Period
In the year-to-date period, CNWIX achieves a 4.79% return, which is significantly higher than FKEMX's 0.98% return. Over the past 10 years, CNWIX has underperformed FKEMX with an annualized return of 8.36%, while FKEMX has yielded a comparatively higher 10.08% 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%
FKEMX
- 1D
- 3.49%
- 1M
- -7.62%
- YTD
- 0.98%
- 6M
- 4.40%
- 1Y
- 33.13%
- 3Y*
- 14.76%
- 5Y*
- 3.11%
- 10Y*
- 10.08%
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CNWIX vs. FKEMX - Expense Ratio Comparison
CNWIX has a 1.05% expense ratio, which is higher than FKEMX's 0.77% expense ratio.
Return for Risk
CNWIX vs. FKEMX — Risk / Return Rank
CNWIX
FKEMX
CNWIX vs. FKEMX - 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 K (FKEMX). 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 | FKEMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 1.75 | -0.39 |
Sortino ratioReturn per unit of downside risk | 1.78 | 2.36 | -0.58 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.34 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 2.36 | -0.81 |
Martin ratioReturn relative to average drawdown | 6.05 | 8.85 | -2.81 |
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 | FKEMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 1.75 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.17 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.55 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.18 | +0.09 |
Correlation
The correlation between CNWIX and FKEMX 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. FKEMX - Dividend Comparison
CNWIX's dividend yield for the trailing twelve months is around 0.06%, less than FKEMX's 0.07% 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% |
FKEMX Fidelity Emerging Markets K | 0.07% | 0.07% | 0.78% | 1.24% | 0.89% | 6.18% | 1.46% | 1.85% | 1.00% | 0.08% | 0.84% | 0.70% |
Drawdowns
CNWIX vs. FKEMX - Drawdown Comparison
The maximum CNWIX drawdown since its inception was -43.57%, smaller than the maximum FKEMX drawdown of -69.07%. Use the drawdown chart below to compare losses from any high point for CNWIX and FKEMX.
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Drawdown Indicators
| CNWIX | FKEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.57% | -69.07% | +25.50% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -13.00% | -3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -37.47% | -40.79% | +3.32% |
Max Drawdown (10Y)Largest decline over 10 years | -43.57% | -43.13% | -0.44% |
Current DrawdownCurrent decline from peak | -16.28% | -9.97% | -6.31% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -21.49% | +4.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 3.47% | +0.70% |
Volatility
CNWIX vs. FKEMX - Volatility Comparison
Calamos Evolving World Growth Fund Class I (CNWIX) has a higher volatility of 10.65% compared to Fidelity Emerging Markets K (FKEMX) at 9.99%. This indicates that CNWIX's price experiences larger fluctuations and is considered to be riskier than FKEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNWIX | FKEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.65% | 9.99% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 16.88% | 14.56% | +2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.17% | 19.60% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 18.56% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.07% | 18.46% | +5.61% |