CNWIX vs. VEMAX
Compare and contrast key facts about Calamos Evolving World Growth Fund Class I (CNWIX) and Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX).
CNWIX is managed by Calamos. VEMAX is managed by Vanguard. It was launched on Jun 23, 2006.
Performance
CNWIX vs. VEMAX - Performance Comparison
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CNWIX vs. VEMAX - 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% |
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares | -2.51% | 24.76% | 11.34% | 8.82% | -17.79% | 0.85% | 15.24% | 20.29% | -14.59% | 31.37% |
Returns By Period
In the year-to-date period, CNWIX achieves a 4.79% return, which is significantly higher than VEMAX's -2.51% return. Over the past 10 years, CNWIX has outperformed VEMAX with an annualized return of 8.36%, while VEMAX has yielded a comparatively lower 7.28% 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%
VEMAX
- 1D
- -0.82%
- 1M
- -9.73%
- YTD
- -2.51%
- 6M
- -1.16%
- 1Y
- 19.13%
- 3Y*
- 12.46%
- 5Y*
- 3.36%
- 10Y*
- 7.28%
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CNWIX vs. VEMAX - Expense Ratio Comparison
CNWIX has a 1.05% expense ratio, which is higher than VEMAX's 0.14% expense ratio.
Return for Risk
CNWIX vs. VEMAX — Risk / Return Rank
CNWIX
VEMAX
CNWIX vs. VEMAX - 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 Admiral Shares (VEMAX). 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 | VEMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 1.23 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.78 | 1.70 | +0.07 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.53 | +0.02 |
Martin ratioReturn relative to average drawdown | 6.05 | 5.69 | +0.36 |
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 | VEMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 1.23 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.22 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.45 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.26 | +0.01 |
Correlation
The correlation between CNWIX and VEMAX 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. VEMAX - Dividend Comparison
CNWIX's dividend yield for the trailing twelve months is around 0.06%, less than VEMAX's 2.73% 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% |
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares | 2.73% | 2.74% | 3.13% | 3.47% | 4.05% | 2.57% | 1.87% | 3.20% | 2.85% | 2.31% | 2.51% | 3.25% |
Drawdowns
CNWIX vs. VEMAX - Drawdown Comparison
The maximum CNWIX drawdown since its inception was -43.57%, smaller than the maximum VEMAX drawdown of -66.45%. Use the drawdown chart below to compare losses from any high point for CNWIX and VEMAX.
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Drawdown Indicators
| CNWIX | VEMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.57% | -66.45% | +22.88% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -11.08% | -5.20% |
Max Drawdown (5Y)Largest decline over 5 years | -37.47% | -32.60% | -4.87% |
Max Drawdown (10Y)Largest decline over 10 years | -43.57% | -36.11% | -7.46% |
Current DrawdownCurrent decline from peak | -16.28% | -11.05% | -5.23% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -16.25% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 2.99% | +1.18% |
Volatility
CNWIX vs. VEMAX - 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 Admiral Shares (VEMAX) at 6.36%. This indicates that CNWIX's price experiences larger fluctuations and is considered to be riskier than VEMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNWIX | VEMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.65% | 6.36% | +4.29% |
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% | 15.26% | +4.91% |
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% |