FEMSX vs. CNWIX
Compare and contrast key facts about Fidelity Series Emerging Markets Opportunities Fund (FEMSX) and Calamos Evolving World Growth Fund Class I (CNWIX).
FEMSX is managed by Fidelity. It was launched on Dec 9, 2008. CNWIX is managed by Calamos.
Performance
FEMSX vs. CNWIX - Performance Comparison
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FEMSX vs. CNWIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 5.44% | 37.92% | 7.84% | 14.23% | -23.95% | -5.14% | 24.72% | 28.87% | -16.20% | 49.92% |
CNWIX Calamos Evolving World Growth Fund Class I | 7.40% | 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, FEMSX achieves a 5.44% return, which is significantly lower than CNWIX's 7.40% return. Over the past 10 years, FEMSX has outperformed CNWIX with an annualized return of 10.88%, while CNWIX has yielded a comparatively lower 8.63% annualized return.
FEMSX
- 1D
- 3.55%
- 1M
- -8.32%
- YTD
- 5.44%
- 6M
- 10.54%
- 1Y
- 38.82%
- 3Y*
- 19.32%
- 5Y*
- 4.35%
- 10Y*
- 10.88%
CNWIX
- 1D
- 2.49%
- 1M
- -13.56%
- YTD
- 7.40%
- 6M
- 5.59%
- 1Y
- 30.77%
- 3Y*
- 14.38%
- 5Y*
- 2.25%
- 10Y*
- 8.63%
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FEMSX vs. CNWIX - Expense Ratio Comparison
FEMSX has a 0.01% expense ratio, which is lower than CNWIX's 1.05% expense ratio.
Return for Risk
FEMSX vs. CNWIX — Risk / Return Rank
FEMSX
CNWIX
FEMSX vs. CNWIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Emerging Markets Opportunities Fund (FEMSX) 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.
| FEMSX | CNWIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.08 | 1.53 | +0.55 |
Sortino ratioReturn per unit of downside risk | 2.68 | 1.96 | +0.72 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.29 | +0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.89 | 1.87 | +1.02 |
Martin ratioReturn relative to average drawdown | 11.41 | 7.15 | +4.26 |
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
| FEMSX | CNWIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.08 | 1.53 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.13 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.36 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.27 | +0.23 |
Correlation
The correlation between FEMSX and CNWIX 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
FEMSX vs. CNWIX - Dividend Comparison
FEMSX's dividend yield for the trailing twelve months is around 2.32%, more than CNWIX's 0.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FEMSX Fidelity Series Emerging Markets Opportunities Fund | 2.32% | 2.45% | 2.08% | 2.82% | 2.39% | 12.83% | 2.99% | 2.48% | 9.42% | 8.98% | 1.46% | 1.27% |
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
FEMSX vs. CNWIX - Drawdown Comparison
The maximum FEMSX drawdown since its inception was -44.16%, roughly equal to the maximum CNWIX drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for FEMSX and CNWIX.
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Drawdown Indicators
| FEMSX | CNWIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.16% | -43.57% | -0.59% |
Max Drawdown (1Y)Largest decline over 1 year | -13.42% | -16.28% | +2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -41.64% | -37.47% | -4.17% |
Max Drawdown (10Y)Largest decline over 10 years | -44.16% | -43.57% | -0.59% |
Current DrawdownCurrent decline from peak | -10.35% | -14.20% | +3.85% |
Average DrawdownAverage peak-to-trough decline | -13.52% | -16.56% | +3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 4.26% | -0.86% |
Volatility
FEMSX vs. CNWIX - Volatility Comparison
The current volatility for Fidelity Series Emerging Markets Opportunities Fund (FEMSX) is 10.41%, while Calamos Evolving World Growth Fund Class I (CNWIX) has a volatility of 11.15%. This indicates that FEMSX 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
| FEMSX | CNWIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.41% | 11.15% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 17.00% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.16% | 20.27% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.65% | 17.56% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.13% | 24.08% | -4.95% |