DEMAX vs. CNWIX
Compare and contrast key facts about Nomura Emerging Markets Fund Class A (DEMAX) and Calamos Evolving World Growth Fund Class I (CNWIX).
DEMAX is an actively managed fund by Nomura. It was launched on Jun 10, 1996. CNWIX is managed by Calamos.
Performance
DEMAX vs. CNWIX - Performance Comparison
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DEMAX vs. CNWIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DEMAX Nomura Emerging Markets Fund Class A | 13.26% | 86.33% | 6.25% | 17.34% | -28.85% | -2.32% | 25.54% | 24.05% | -17.32% | 41.62% |
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% |
Returns By Period
In the year-to-date period, DEMAX achieves a 13.26% return, which is significantly higher than CNWIX's 4.79% return. Over the past 10 years, DEMAX has outperformed CNWIX with an annualized return of 14.09%, while CNWIX has yielded a comparatively lower 8.36% annualized return.
DEMAX
- 1D
- 0.97%
- 1M
- -18.27%
- YTD
- 13.26%
- 6M
- 43.25%
- 1Y
- 104.18%
- 3Y*
- 34.89%
- 5Y*
- 12.22%
- 10Y*
- 14.09%
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%
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DEMAX vs. CNWIX - Expense Ratio Comparison
DEMAX has a 1.42% expense ratio, which is higher than CNWIX's 1.05% expense ratio.
Return for Risk
DEMAX vs. CNWIX — Risk / Return Rank
DEMAX
CNWIX
DEMAX vs. CNWIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nomura Emerging Markets Fund Class A (DEMAX) and Calamos Evolving World Growth Fund Class I (CNWIX). 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.
| DEMAX | CNWIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.10 | 1.36 | +1.73 |
Sortino ratioReturn per unit of downside risk | 3.27 | 1.78 | +1.50 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.26 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 4.78 | 1.55 | +3.24 |
Martin ratioReturn relative to average drawdown | 18.45 | 6.05 | +12.41 |
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
| DEMAX | CNWIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 1.36 | +1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.12 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.35 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.27 | +0.17 |
Correlation
The correlation between DEMAX and CNWIX is 0.88, 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
DEMAX vs. CNWIX - Dividend Comparison
DEMAX's dividend yield for the trailing twelve months is around 16.80%, more than CNWIX's 0.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DEMAX Nomura Emerging Markets Fund Class A | 16.80% | 19.03% | 1.74% | 2.76% | 1.60% | 3.16% | 0.56% | 0.57% | 0.34% | 1.59% | 0.70% | 0.03% |
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% |
Drawdowns
DEMAX vs. CNWIX - Drawdown Comparison
The maximum DEMAX drawdown since its inception was -63.23%, which is greater than CNWIX's maximum drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for DEMAX and CNWIX.
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Drawdown Indicators
| DEMAX | CNWIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.23% | -43.57% | -19.66% |
Max Drawdown (1Y)Largest decline over 1 year | -20.32% | -16.28% | -4.04% |
Max Drawdown (5Y)Largest decline over 5 years | -44.15% | -37.47% | -6.68% |
Max Drawdown (10Y)Largest decline over 10 years | -46.51% | -43.57% | -2.94% |
Current DrawdownCurrent decline from peak | -19.55% | -16.28% | -3.27% |
Average DrawdownAverage peak-to-trough decline | -18.84% | -16.56% | -2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 4.17% | +1.10% |
Volatility
DEMAX vs. CNWIX - Volatility Comparison
Nomura Emerging Markets Fund Class A (DEMAX) has a higher volatility of 19.13% compared to Calamos Evolving World Growth Fund Class I (CNWIX) at 10.65%. This indicates that DEMAX's price experiences larger fluctuations and is considered to be riskier than CNWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEMAX | CNWIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.13% | 10.65% | +8.48% |
Volatility (6M)Calculated over the trailing 6-month period | 28.50% | 16.88% | +11.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.35% | 20.17% | +13.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.12% | 17.53% | +5.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.94% | 24.07% | -2.13% |