CNWIX vs. VEIEX
Compare and contrast key facts about Calamos Evolving World Growth Fund Class I (CNWIX) and Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX).
CNWIX is managed by Calamos. VEIEX is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Markets All Cap China A Inclusion Index. It was launched on May 4, 1994.
Performance
CNWIX vs. VEIEX - Performance Comparison
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CNWIX vs. VEIEX - 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% |
VEIEX Vanguard Emerging Markets Stock Index Fund Investor Shares | -2.56% | 24.58% | 11.15% | 8.66% | -17.91% | 0.72% | 15.05% | 20.11% | -14.73% | 31.14% |
Returns By Period
In the year-to-date period, CNWIX achieves a 4.79% return, which is significantly higher than VEIEX's -2.56% return. Over the past 10 years, CNWIX has outperformed VEIEX with an annualized return of 8.36%, while VEIEX has yielded a comparatively lower 7.11% 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%
VEIEX
- 1D
- -0.84%
- 1M
- -9.75%
- YTD
- -2.56%
- 6M
- -1.25%
- 1Y
- 18.92%
- 3Y*
- 12.28%
- 5Y*
- 3.20%
- 10Y*
- 7.11%
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CNWIX vs. VEIEX - Expense Ratio Comparison
CNWIX has a 1.05% expense ratio, which is higher than VEIEX's 0.29% expense ratio.
Return for Risk
CNWIX vs. VEIEX — Risk / Return Rank
CNWIX
VEIEX
CNWIX vs. VEIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Evolving World Growth Fund Class I (CNWIX) and Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX). 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 | VEIEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 1.22 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.78 | 1.68 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.51 | +0.04 |
Martin ratioReturn relative to average drawdown | 6.05 | 5.60 | +0.44 |
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 | VEIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 1.22 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.21 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.44 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.31 | -0.04 |
Correlation
The correlation between CNWIX and VEIEX 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. VEIEX - Dividend Comparison
CNWIX's dividend yield for the trailing twelve months is around 0.06%, less than VEIEX's 2.61% 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% |
VEIEX Vanguard Emerging Markets Stock Index Fund Investor Shares | 2.61% | 2.59% | 2.97% | 3.32% | 3.87% | 2.41% | 1.72% | 3.07% | 2.67% | 2.14% | 2.33% | 3.04% |
Drawdowns
CNWIX vs. VEIEX - Drawdown Comparison
The maximum CNWIX drawdown since its inception was -43.57%, smaller than the maximum VEIEX drawdown of -66.47%. Use the drawdown chart below to compare losses from any high point for CNWIX and VEIEX.
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Drawdown Indicators
| CNWIX | VEIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.57% | -66.47% | +22.90% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -11.10% | -5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -37.47% | -32.73% | -4.74% |
Max Drawdown (10Y)Largest decline over 10 years | -43.57% | -36.30% | -7.27% |
Current DrawdownCurrent decline from peak | -16.28% | -11.06% | -5.22% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -17.29% | +0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 2.99% | +1.18% |
Volatility
CNWIX vs. VEIEX - Volatility Comparison
Calamos Evolving World Growth Fund Class I (CNWIX) has a higher volatility of 10.65% compared to Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) at 6.39%. This indicates that CNWIX's price experiences larger fluctuations and is considered to be riskier than VEIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNWIX | VEIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.65% | 6.39% | +4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 16.88% | 10.70% | +6.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.17% | 15.27% | +4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 15.18% | +2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.07% | 16.37% | +7.70% |