VEMAX vs. CNWIX
Compare and contrast key facts about Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) and Calamos Evolving World Growth Fund Class I (CNWIX).
VEMAX is managed by Vanguard. It was launched on Jun 23, 2006. CNWIX is managed by Calamos.
Performance
VEMAX vs. CNWIX - Performance Comparison
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VEMAX vs. CNWIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares | -2.51% | 24.76% | 11.34% | 8.82% | -17.79% | 0.85% | 15.24% | 20.29% | -14.59% | 31.37% |
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, VEMAX achieves a -2.51% return, which is significantly lower than CNWIX's 4.79% return. Over the past 10 years, VEMAX has underperformed CNWIX with an annualized return of 7.28%, while CNWIX has yielded a comparatively higher 8.36% annualized return.
VEMAX
- 1D
- -0.82%
- 1M
- -9.73%
- YTD
- -2.51%
- 6M
- -1.16%
- 1Y
- 19.13%
- 3Y*
- 12.46%
- 5Y*
- 3.36%
- 10Y*
- 7.28%
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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VEMAX vs. CNWIX - Expense Ratio Comparison
VEMAX has a 0.14% expense ratio, which is lower than CNWIX's 1.05% expense ratio.
Return for Risk
VEMAX vs. CNWIX — Risk / Return Rank
VEMAX
CNWIX
VEMAX vs. CNWIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) 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.
| VEMAX | CNWIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.23 | 1.36 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.70 | 1.78 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.55 | -0.02 |
Martin ratioReturn relative to average drawdown | 5.69 | 6.05 | -0.36 |
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
| VEMAX | CNWIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.36 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.12 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.35 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.27 | -0.01 |
Correlation
The correlation between VEMAX 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
VEMAX vs. CNWIX - Dividend Comparison
VEMAX's dividend yield for the trailing twelve months is around 2.73%, more than CNWIX's 0.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEMAX Vanguard Emerging Markets Stock Index Fund Admiral Shares | 2.73% | 2.74% | 3.13% | 3.47% | 4.05% | 2.57% | 1.87% | 3.20% | 2.85% | 2.31% | 2.51% | 3.25% |
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
VEMAX vs. CNWIX - Drawdown Comparison
The maximum VEMAX drawdown since its inception was -66.45%, which is greater than CNWIX's maximum drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for VEMAX and CNWIX.
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Drawdown Indicators
| VEMAX | CNWIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.45% | -43.57% | -22.88% |
Max Drawdown (1Y)Largest decline over 1 year | -11.08% | -16.28% | +5.20% |
Max Drawdown (5Y)Largest decline over 5 years | -32.60% | -37.47% | +4.87% |
Max Drawdown (10Y)Largest decline over 10 years | -36.11% | -43.57% | +7.46% |
Current DrawdownCurrent decline from peak | -11.05% | -16.28% | +5.23% |
Average DrawdownAverage peak-to-trough decline | -16.25% | -16.56% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 4.17% | -1.18% |
Volatility
VEMAX vs. CNWIX - Volatility Comparison
The current volatility for Vanguard Emerging Markets Stock Index Fund Admiral Shares (VEMAX) is 6.36%, while Calamos Evolving World Growth Fund Class I (CNWIX) has a volatility of 10.65%. This indicates that VEMAX 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
| VEMAX | CNWIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 10.65% | -4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.70% | 16.88% | -6.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 20.17% | -4.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.18% | 17.53% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 24.07% | -7.70% |