VEIEX vs. CNWIX
Compare and contrast key facts about Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) and Calamos Evolving World Growth Fund Class I (CNWIX).
VEIEX is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Markets All Cap China A Inclusion Index. It was launched on May 4, 1994. CNWIX is managed by Calamos.
Performance
VEIEX vs. CNWIX - Performance Comparison
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VEIEX vs. CNWIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEIEX Vanguard Emerging Markets Stock Index Fund Investor Shares | -0.26% | 24.58% | 11.15% | 8.66% | -17.91% | 0.72% | 15.05% | 20.11% | -14.73% | 31.14% |
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, VEIEX achieves a -0.26% return, which is significantly lower than CNWIX's 7.40% return. Over the past 10 years, VEIEX has underperformed CNWIX with an annualized return of 7.36%, while CNWIX has yielded a comparatively higher 8.63% annualized return.
VEIEX
- 1D
- 2.35%
- 1M
- -6.43%
- YTD
- -0.26%
- 6M
- 0.31%
- 1Y
- 21.25%
- 3Y*
- 13.15%
- 5Y*
- 3.42%
- 10Y*
- 7.36%
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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VEIEX vs. CNWIX - Expense Ratio Comparison
VEIEX has a 0.29% expense ratio, which is lower than CNWIX's 1.05% expense ratio.
Return for Risk
VEIEX vs. CNWIX — Risk / Return Rank
VEIEX
CNWIX
VEIEX vs. CNWIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) 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.
| VEIEX | CNWIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 1.53 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.93 | 1.96 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 1.87 | +0.05 |
Martin ratioReturn relative to average drawdown | 7.00 | 7.15 | -0.16 |
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
| VEIEX | CNWIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.53 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.13 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.36 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.27 | +0.04 |
Correlation
The correlation between VEIEX 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
VEIEX vs. CNWIX - Dividend Comparison
VEIEX's dividend yield for the trailing twelve months is around 2.55%, more than CNWIX's 0.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEIEX Vanguard Emerging Markets Stock Index Fund Investor Shares | 2.55% | 2.59% | 2.97% | 3.32% | 3.87% | 2.41% | 1.72% | 3.07% | 2.67% | 2.14% | 2.33% | 3.04% |
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
VEIEX vs. CNWIX - Drawdown Comparison
The maximum VEIEX drawdown since its inception was -66.47%, which is greater than CNWIX's maximum drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for VEIEX and CNWIX.
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Drawdown Indicators
| VEIEX | CNWIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.47% | -43.57% | -22.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -16.28% | +5.18% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | -37.47% | +4.74% |
Max Drawdown (10Y)Largest decline over 10 years | -36.30% | -43.57% | +7.27% |
Current DrawdownCurrent decline from peak | -8.97% | -14.20% | +5.23% |
Average DrawdownAverage peak-to-trough decline | -17.29% | -16.56% | -0.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 4.26% | -1.22% |
Volatility
VEIEX vs. CNWIX - Volatility Comparison
The current volatility for Vanguard Emerging Markets Stock Index Fund Investor Shares (VEIEX) is 6.91%, while Calamos Evolving World Growth Fund Class I (CNWIX) has a volatility of 11.15%. This indicates that VEIEX 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
| VEIEX | CNWIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 11.15% | -4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 10.92% | 17.00% | -6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.41% | 20.27% | -4.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.22% | 17.56% | -2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.39% | 24.08% | -7.69% |