FKEMX vs. CNWIX
Compare and contrast key facts about Fidelity Emerging Markets K (FKEMX) and Calamos Evolving World Growth Fund Class I (CNWIX).
FKEMX is managed by Fidelity. It was launched on May 9, 2008. CNWIX is managed by Calamos.
Performance
FKEMX vs. CNWIX - Performance Comparison
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FKEMX vs. CNWIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FKEMX Fidelity Emerging Markets K | -2.42% | 31.18% | 7.26% | 15.36% | -27.42% | 1.40% | 32.68% | 33.86% | -17.92% | 46.97% |
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, FKEMX achieves a -2.42% return, which is significantly lower than CNWIX's 4.79% return. Over the past 10 years, FKEMX has outperformed CNWIX with an annualized return of 9.70%, while CNWIX has yielded a comparatively lower 8.36% annualized return.
FKEMX
- 1D
- -0.90%
- 1M
- -11.42%
- YTD
- -2.42%
- 6M
- 1.57%
- 1Y
- 29.50%
- 3Y*
- 13.46%
- 5Y*
- 2.72%
- 10Y*
- 9.70%
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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FKEMX vs. CNWIX - Expense Ratio Comparison
FKEMX has a 0.77% expense ratio, which is lower than CNWIX's 1.05% expense ratio.
Return for Risk
FKEMX vs. CNWIX — Risk / Return Rank
FKEMX
CNWIX
FKEMX vs. CNWIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Emerging Markets K (FKEMX) 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.
| FKEMX | CNWIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.50 | 1.36 | +0.13 |
Sortino ratioReturn per unit of downside risk | 2.04 | 1.78 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.26 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.55 | +0.52 |
Martin ratioReturn relative to average drawdown | 7.52 | 6.05 | +1.47 |
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
| FKEMX | CNWIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.50 | 1.36 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.12 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.35 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.27 | -0.10 |
Correlation
The correlation between FKEMX and CNWIX is 0.92, 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
FKEMX vs. CNWIX - Dividend Comparison
FKEMX's dividend yield for the trailing twelve months is around 0.07%, more than CNWIX's 0.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FKEMX Fidelity Emerging Markets K | 0.07% | 0.07% | 0.78% | 1.24% | 0.89% | 6.18% | 1.46% | 1.85% | 1.00% | 0.08% | 0.84% | 0.70% |
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
FKEMX vs. CNWIX - Drawdown Comparison
The maximum FKEMX drawdown since its inception was -69.07%, which is greater than CNWIX's maximum drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for FKEMX and CNWIX.
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Drawdown Indicators
| FKEMX | CNWIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.07% | -43.57% | -25.50% |
Max Drawdown (1Y)Largest decline over 1 year | -13.00% | -16.28% | +3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -40.79% | -37.47% | -3.32% |
Max Drawdown (10Y)Largest decline over 10 years | -43.13% | -43.57% | +0.44% |
Current DrawdownCurrent decline from peak | -13.00% | -16.28% | +3.28% |
Average DrawdownAverage peak-to-trough decline | -21.49% | -16.56% | -4.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 4.17% | -0.60% |
Volatility
FKEMX vs. CNWIX - Volatility Comparison
The current volatility for Fidelity Emerging Markets K (FKEMX) is 9.16%, while Calamos Evolving World Growth Fund Class I (CNWIX) has a volatility of 10.65%. This indicates that FKEMX 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
| FKEMX | CNWIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.16% | 10.65% | -1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 14.17% | 16.88% | -2.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.35% | 20.17% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.50% | 17.53% | +0.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 24.07% | -5.65% |