CNWIX vs. VMMSX
Compare and contrast key facts about Calamos Evolving World Growth Fund Class I (CNWIX) and Vanguard Emerging Markets Select Stock Fund (VMMSX).
CNWIX is managed by Calamos. VMMSX is managed by Vanguard. It was launched on Jun 27, 2011.
Performance
CNWIX vs. VMMSX - Performance Comparison
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CNWIX vs. VMMSX - 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% |
VMMSX Vanguard Emerging Markets Select Stock Fund | 0.57% | 35.68% | 5.91% | 10.58% | -18.15% | -1.40% | 15.79% | 21.42% | -12.53% | 32.01% |
Returns By Period
In the year-to-date period, CNWIX achieves a 4.79% return, which is significantly higher than VMMSX's 0.57% return. Both investments have delivered pretty close results over the past 10 years, with CNWIX having a 8.36% annualized return and VMMSX not far ahead at 8.74%.
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%
VMMSX
- 1D
- -1.12%
- 1M
- -12.19%
- YTD
- 0.57%
- 6M
- 5.25%
- 1Y
- 29.49%
- 3Y*
- 14.96%
- 5Y*
- 4.13%
- 10Y*
- 8.74%
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CNWIX vs. VMMSX - Expense Ratio Comparison
CNWIX has a 1.05% expense ratio, which is higher than VMMSX's 0.84% expense ratio.
Return for Risk
CNWIX vs. VMMSX — Risk / Return Rank
CNWIX
VMMSX
CNWIX vs. VMMSX - 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 Select Stock Fund (VMMSX). 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 | VMMSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 1.64 | -0.27 |
Sortino ratioReturn per unit of downside risk | 1.78 | 2.16 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.32 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 1.97 | -0.42 |
Martin ratioReturn relative to average drawdown | 6.05 | 7.99 | -1.94 |
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 | VMMSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 1.64 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.24 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.48 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.26 | +0.01 |
Correlation
The correlation between CNWIX and VMMSX 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. VMMSX - Dividend Comparison
CNWIX's dividend yield for the trailing twelve months is around 0.06%, less than VMMSX's 2.30% 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% |
VMMSX Vanguard Emerging Markets Select Stock Fund | 2.30% | 2.32% | 3.33% | 3.05% | 3.71% | 6.80% | 1.04% | 2.04% | 2.53% | 1.54% | 1.44% | 1.87% |
Drawdowns
CNWIX vs. VMMSX - Drawdown Comparison
The maximum CNWIX drawdown since its inception was -43.57%, which is greater than VMMSX's maximum drawdown of -39.28%. Use the drawdown chart below to compare losses from any high point for CNWIX and VMMSX.
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Drawdown Indicators
| CNWIX | VMMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.57% | -39.28% | -4.29% |
Max Drawdown (1Y)Largest decline over 1 year | -16.28% | -13.46% | -2.82% |
Max Drawdown (5Y)Largest decline over 5 years | -37.47% | -37.39% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -43.57% | -38.82% | -4.75% |
Current DrawdownCurrent decline from peak | -16.28% | -13.46% | -2.82% |
Average DrawdownAverage peak-to-trough decline | -16.56% | -13.53% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.17% | 3.32% | +0.85% |
Volatility
CNWIX vs. VMMSX - Volatility Comparison
Calamos Evolving World Growth Fund Class I (CNWIX) has a higher volatility of 10.65% compared to Vanguard Emerging Markets Select Stock Fund (VMMSX) at 8.14%. This indicates that CNWIX's price experiences larger fluctuations and is considered to be riskier than VMMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNWIX | VMMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.65% | 8.14% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 16.88% | 12.78% | +4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.17% | 17.75% | +2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 17.52% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.07% | 18.27% | +5.80% |