VEMIX vs. CNWIX
Compare and contrast key facts about Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) and Calamos Evolving World Growth Fund Class I (CNWIX).
VEMIX is managed by Vanguard. It was launched on Jun 22, 2000. CNWIX is managed by Calamos.
Performance
VEMIX vs. CNWIX - Performance Comparison
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VEMIX vs. CNWIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEMIX Vanguard Emerging Markets Stock Index Fund Institutional Shares | -2.51% | 24.80% | 11.38% | 8.85% | -17.75% | 0.91% | 15.26% | 20.35% | -14.55% | 31.42% |
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, VEMIX achieves a -2.51% return, which is significantly lower than CNWIX's 4.79% return. Over the past 10 years, VEMIX has underperformed CNWIX with an annualized return of 7.32%, while CNWIX has yielded a comparatively higher 8.36% annualized return.
VEMIX
- 1D
- -0.84%
- 1M
- -9.72%
- YTD
- -2.51%
- 6M
- -1.15%
- 1Y
- 19.17%
- 3Y*
- 12.50%
- 5Y*
- 3.40%
- 10Y*
- 7.32%
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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VEMIX vs. CNWIX - Expense Ratio Comparison
VEMIX has a 0.10% expense ratio, which is lower than CNWIX's 1.05% expense ratio.
Return for Risk
VEMIX vs. CNWIX — Risk / Return Rank
VEMIX
CNWIX
VEMIX vs. CNWIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) 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.
| VEMIX | CNWIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 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 | -0.01 |
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
| VEMIX | CNWIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.36 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.12 | +0.11 |
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 | 0.33 | 0.27 | +0.07 |
Correlation
The correlation between VEMIX 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
VEMIX vs. CNWIX - Dividend Comparison
VEMIX's dividend yield for the trailing twelve months is around 2.76%, more than CNWIX's 0.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEMIX Vanguard Emerging Markets Stock Index Fund Institutional Shares | 2.76% | 2.77% | 3.17% | 3.51% | 4.09% | 2.61% | 1.90% | 3.23% | 2.89% | 2.33% | 2.55% | 2.51% |
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
VEMIX vs. CNWIX - Drawdown Comparison
The maximum VEMIX drawdown since its inception was -66.43%, which is greater than CNWIX's maximum drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for VEMIX and CNWIX.
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Drawdown Indicators
| VEMIX | CNWIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.43% | -43.57% | -22.86% |
Max Drawdown (1Y)Largest decline over 1 year | -11.09% | -16.28% | +5.19% |
Max Drawdown (5Y)Largest decline over 5 years | -32.56% | -37.47% | +4.91% |
Max Drawdown (10Y)Largest decline over 10 years | -36.04% | -43.57% | +7.53% |
Current DrawdownCurrent decline from peak | -11.05% | -16.28% | +5.23% |
Average DrawdownAverage peak-to-trough decline | -16.08% | -16.56% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 4.17% | -1.18% |
Volatility
VEMIX vs. CNWIX - Volatility Comparison
The current volatility for Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) is 6.36%, while Calamos Evolving World Growth Fund Class I (CNWIX) has a volatility of 10.65%. This indicates that VEMIX 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
| VEMIX | 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 | 10.71% | 16.88% | -6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.25% | 20.17% | -4.92% |
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% |