FEDGX vs. CNWIX
Compare and contrast key facts about Fidelity Advisor Emerging Markets Discovery Fund Class C (FEDGX) and Calamos Evolving World Growth Fund Class I (CNWIX).
FEDGX is managed by Fidelity. It was launched on Nov 1, 2011. CNWIX is managed by Calamos.
Performance
FEDGX vs. CNWIX - Performance Comparison
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FEDGX vs. CNWIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEDGX Fidelity Advisor Emerging Markets Discovery Fund Class C | 3.88% | 30.50% | -4.59% | 19.45% | -12.76% | 5.51% | 15.73% | 18.27% | -19.70% | 35.93% |
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, FEDGX achieves a 3.88% return, which is significantly lower than CNWIX's 4.79% return. Both investments have delivered pretty close results over the past 10 years, with FEDGX having a 8.45% annualized return and CNWIX not far behind at 8.36%.
FEDGX
- 1D
- -0.77%
- 1M
- -9.27%
- YTD
- 3.88%
- 6M
- 9.76%
- 1Y
- 33.85%
- 3Y*
- 13.78%
- 5Y*
- 6.60%
- 10Y*
- 8.45%
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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FEDGX vs. CNWIX - Expense Ratio Comparison
FEDGX has a 2.25% expense ratio, which is higher than CNWIX's 1.05% expense ratio.
Return for Risk
FEDGX vs. CNWIX — Risk / Return Rank
FEDGX
CNWIX
FEDGX vs. CNWIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Emerging Markets Discovery Fund Class C (FEDGX) 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.
| FEDGX | CNWIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.29 | 1.36 | +0.93 |
Sortino ratioReturn per unit of downside risk | 2.88 | 1.78 | +1.11 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.26 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 3.05 | 1.55 | +1.50 |
Martin ratioReturn relative to average drawdown | 11.96 | 6.05 | +5.92 |
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
| FEDGX | CNWIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | 1.36 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.12 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.35 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.27 | +0.18 |
Correlation
The correlation between FEDGX and CNWIX is 0.84, 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
FEDGX vs. CNWIX - Dividend Comparison
FEDGX's dividend yield for the trailing twelve months is around 3.66%, more than CNWIX's 0.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEDGX Fidelity Advisor Emerging Markets Discovery Fund Class C | 3.66% | 3.81% | 3.01% | 1.09% | 0.57% | 10.88% | 0.00% | 0.00% | 0.49% | 1.54% | 0.58% | 0.00% |
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
FEDGX vs. CNWIX - Drawdown Comparison
The maximum FEDGX drawdown since its inception was -44.26%, roughly equal to the maximum CNWIX drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for FEDGX and CNWIX.
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Drawdown Indicators
| FEDGX | CNWIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.26% | -43.57% | -0.69% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -16.28% | +6.31% |
Max Drawdown (5Y)Largest decline over 5 years | -28.29% | -37.47% | +9.18% |
Max Drawdown (10Y)Largest decline over 10 years | -44.26% | -43.57% | -0.69% |
Current DrawdownCurrent decline from peak | -9.66% | -16.28% | +6.62% |
Average DrawdownAverage peak-to-trough decline | -9.62% | -16.56% | +6.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 4.17% | -1.63% |
Volatility
FEDGX vs. CNWIX - Volatility Comparison
The current volatility for Fidelity Advisor Emerging Markets Discovery Fund Class C (FEDGX) is 6.45%, while Calamos Evolving World Growth Fund Class I (CNWIX) has a volatility of 10.65%. This indicates that FEDGX experiences smaller price fluctuations and is considered to be less risky 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
| FEDGX | CNWIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 10.65% | -4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.75% | 16.88% | -7.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.39% | 20.17% | -5.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 17.53% | -3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.64% | 24.07% | -8.43% |