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ENORvsEWPETF Comparison

ETF 1

ENOR

iShares MSCI Norway ETF

This fund is part of

Europe Blended Cap

-1.24%

Full ENOR fund page

VS

ETF 2

EWP

iShares MSCI Spain ETF

This fund is part of

Europe Blended Cap

-1.24%

Full EWP fund page

iShares MSCI Norway ETF (ENOR) and iShares MSCI Spain ETF (EWP) belong to the same industry segment: Europe Blended Cap. ENOR's top 3 sector exposures are Energy, Finance and Industrials. In contrast, EWP's top sector exposures are Finance, Utilities and Industrials. ENOR is more expensive with a Total Expense Ratio (TER) of 0.53%, versus 0.5% for EWP. ENOR is up 27.62% year-to-date (YTD) with +$177M in YTD flows. EWP performs worse with 11.5% YTD performance, and +$427M in YTD flows. Run a side-by-side ETF comparison of ENOR and EWP below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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ENOR vs EWP performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 09/30/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	ENOR EWP	-4.99%-5.13%	+11.47%-0.56%	+27.62%+11.50%	+29.34%+22.68%	+77.95%+142.39%	+53.68%+156.04%
Flows	ENOR EWP	+$143M+$245M	+$136M+$518M	+$177M+$427M	+$177M+$681M	+$176M+$841M	+$174M+$748M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ENOR EWP	+13.88%+15.24%	+15.96%+18.25%	+17.45%+17.75%	+21.01%+19.30%
Max drawdown	ENOR EWP	-6.67%-6.31%	-13.66%-11.32%	-14.91%-11.46%	-32.63%-30.28%
Max drawdown duration	ENOR EWP	21d37d	89d106d	54d138d	1149d457d

Trading data

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	ENOR	EWP
Last sale 10/1/2026 at 5:50 PM	$34.83	$57.80
Previous close 09/30/2026	$35.01	$59.20
Consolidated volume 09/30/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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	ENOR	EWP
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/1/2026 at 5:50 PM

Live

Closed

	ENOR	EWP
Last price	$34.83	$57.80
1D performance	-0.51%	-2.36%
AuM	$222.96 M	$2.38 B
E/R	0.53%	0.5%

Characteristics

	ENOR	EWP
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	MSCI Norway IMI 25/50 Index	MSCI Spain 25/50 Index
N° of holdings	59	22
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	January 23, 2012	March 12, 1996
ESG	No	No

More ENOR data on Trackinsight

More EWP data on Trackinsight

Exposure

Countries

ENOR

Norway

89.66%

Other

10.34%

EWP

Spain

93.99%

Other

6.01%

Sectors

ENOR

Energy

30.91%

Finance

25.3%

Industrials

12.59%

Consumer Non-Cycl.

11.42%

Non-Energy Materi.

9.46%

Other

10.32%

EWP

Finance

45.31%

Utilities

19.98%

Industrials

18.48%

Other

16.23%

Diversification

ENOR

Total weight of top 15 holdings out of 15

70.71%

EWP

Total weight of top 15 holdings out of 15

88.82%

Top 15 holdings

Data as of August 31, 2026

ENOR

Equinor ASA

11.88%

DNB Bank ASA

11.44%

Kongsberg Gruppen ASA

6.00%

Norsk Hydro ASA

5.46%

Aker BP ASA

5.11%

Mowi ASA

4.04%

Telenor ASA

3.82%

Storebrand ASA

3.64%

Subsea 7 SA

3.51%

Yara International ASA

3.28%

Orkla ASA

3.08%

Frontline Plc

2.69%

Gjensidige Forsikring ASA

2.56%

Vår Energi ASA

2.10%

Sparebank 1 Sør-Norge ASA

2.07%

EWP

Banco Santander SA

19.25%

Banco Bilbao Vizcaya Argentaria SA

14.02%

Iberdrola SA

12.13%

CaixaBank SA

4.62%

Industria de Diseño Textil SA

4.44%

Repsol SA

4.43%

Amadeus IT Group SA

4.16%

Ferrovial NV

3.98%

Aena S.M.E. SA

3.53%

Banco de Sabadell SA

3.52%

ACS, Actividades de Construcción y Servicios SA

3.35%

Endesa SA

3.03%

Naturgy Energy Group SA

3.02%

Telefónica SA

2.71%

Cellnex Telecom SA

2.62%

Frequently asked questions about ENOR and EWP

How have the ENOR and EWP ETFs performed in 2026?

As of September 30, 2026, ENOR is up 27.62% year-to-date (YTD), while EWP has returned 11.5%. That puts ENOR better performer ahead so far this year.

Which ETF is attracting more investor money: ENOR or EWP?

Year-to-date, the ENOR ETF saw +$177M in flows, compared to +$427M for EWP.

Which ETF is more volatile: ENOR or EWP?

Over the past year, ENOR had a volatility of 15.96%, while EWP experienced 18.25%.

Which ETF is bigger: ENOR or EWP?

As of September 30, 2026, ENOR holds $222.96 M in assets under management (AUM), while EWP manages $2.38 B.

What sectors do the ENOR and EWP ETFs invest in?

ENOR leans toward sectors like Energy, Finance and Industrials. Meanwhile, EWP focuses on Finance, Utilities and Industrials.

What are the top holdings of the ENOR ETF and EWP ETF?

ENOR top holdings include Equinor ASA, DNB Bank ASA and Kongsberg Gruppen ASA. EWP holds in its top three: Banco Santander SA, Banco Bilbao Vizcaya Argentaria SA and Iberdrola SA.

ENORvsEWPETF Comparison

iShares MSCI Norway ETF

iShares MSCI Spain ETF

ENOR vs EWP performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the ENOR and EWP ETFs performed in 2026?

As of September 30, 2026, ENOR is up 27.62% year-to-date (YTD), while EWP has returned 11.5%. That puts ENOR better performer ahead so far this year.

Which ETF is attracting more investor money: ENOR or EWP?

Year-to-date, the ENOR ETF saw +$177M in flows, compared to +$427M for EWP.

Which ETF is more volatile: ENOR or EWP?

Over the past year, ENOR had a volatility of 15.96%, while EWP experienced 18.25%.

Which ETF is bigger: ENOR or EWP?

As of September 30, 2026, ENOR holds $222.96 M in assets under management (AUM), while EWP manages $2.38 B.

What sectors do the ENOR and EWP ETFs invest in?

ENOR leans toward sectors like Energy, Finance and Industrials. Meanwhile, EWP focuses on Finance, Utilities and Industrials.

What are the top holdings of the ENOR ETF and EWP ETF?

ENOR top holdings include Equinor ASA, DNB Bank ASA and Kongsberg Gruppen ASA. EWP holds in its top three: Banco Santander SA, Banco Bilbao Vizcaya Argentaria SA and Iberdrola SA.

Which ETF is more diversified: ENOR or EWP?

ENOR holds 59 securities with 70.71% of its assets in the top 15. EWP has 22 securities and a top 15 weight of 88.82%.

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