VEMRX vs. CNWIX
Compare and contrast key facts about Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX) and Calamos Evolving World Growth Fund Class I (CNWIX).
VEMRX is managed by Vanguard. It was launched on Dec 15, 2010. CNWIX is managed by Calamos.
Performance
VEMRX vs. CNWIX - Performance Comparison
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VEMRX vs. CNWIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEMRX Vanguard Emerging Markets Index Fund Institutional Plus Shares | -2.49% | 24.84% | 11.40% | 8.88% | -17.74% | 0.92% | 15.29% | 20.39% | -14.55% | 31.44% |
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, VEMRX achieves a -2.49% return, which is significantly lower than CNWIX's 4.79% return. Over the past 10 years, VEMRX has underperformed CNWIX with an annualized return of 7.34%, while CNWIX has yielded a comparatively higher 8.36% annualized return.
VEMRX
- 1D
- -0.83%
- 1M
- -9.72%
- YTD
- -2.49%
- 6M
- -1.14%
- 1Y
- 19.19%
- 3Y*
- 12.53%
- 5Y*
- 3.42%
- 10Y*
- 7.34%
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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VEMRX vs. CNWIX - Expense Ratio Comparison
VEMRX has a 0.08% expense ratio, which is lower than CNWIX's 1.05% expense ratio.
Return for Risk
VEMRX vs. CNWIX — Risk / Return Rank
VEMRX
CNWIX
VEMRX vs. CNWIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX) 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.
| VEMRX | CNWIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.36 | -0.12 |
Sortino ratioReturn per unit of downside risk | 1.71 | 1.78 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.55 | -0.01 |
Martin ratioReturn relative to average drawdown | 5.71 | 6.05 | -0.33 |
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
| VEMRX | CNWIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.36 | -0.12 |
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 | 0.21 | 0.27 | -0.06 |
Correlation
The correlation between VEMRX 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
VEMRX vs. CNWIX - Dividend Comparison
VEMRX's dividend yield for the trailing twelve months is around 2.77%, more than CNWIX's 0.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEMRX Vanguard Emerging Markets Index Fund Institutional Plus Shares | 2.77% | 2.79% | 3.19% | 3.53% | 4.11% | 2.63% | 1.92% | 3.26% | 2.92% | 2.35% | 2.56% | 3.31% |
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
VEMRX vs. CNWIX - Drawdown Comparison
The maximum VEMRX drawdown since its inception was -36.01%, smaller than the maximum CNWIX drawdown of -43.57%. Use the drawdown chart below to compare losses from any high point for VEMRX and CNWIX.
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Drawdown Indicators
| VEMRX | CNWIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.01% | -43.57% | +7.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.07% | -16.28% | +5.21% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -37.47% | +4.93% |
Max Drawdown (10Y)Largest decline over 10 years | -36.01% | -43.57% | +7.56% |
Current DrawdownCurrent decline from peak | -11.04% | -16.28% | +5.24% |
Average DrawdownAverage peak-to-trough decline | -12.95% | -16.56% | +3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 4.17% | -1.19% |
Volatility
VEMRX vs. CNWIX - Volatility Comparison
The current volatility for Vanguard Emerging Markets Index Fund Institutional Plus Shares (VEMRX) is 6.36%, while Calamos Evolving World Growth Fund Class I (CNWIX) has a volatility of 10.65%. This indicates that VEMRX 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
| VEMRX | 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 | 10.69% | 16.88% | -6.19% |
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% |