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ENORvsEWPETF Comparison

ETF 1

ENOR

iShares MSCI Norway ETF

This fund is part of

Europe Blended Cap

-0.52%

Full ENOR fund page

VS

ETF 2

EWP

iShares MSCI Spain ETF

This fund is part of

Europe Blended Cap

-0.52%

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, Financials and Consumer Staples. In contrast, EWP's top sector exposures are Financials, Utilities and Energy. ENOR is more expensive with a Total Expense Ratio (TER) of 0.53%, versus 0.5% for EWP. ENOR is up 27.05% year-to-date (YTD) with +$82M in YTD flows. EWP performs worse with 4.14% YTD performance, and -$17M 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 04/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	ENOR EWP	+5.03%+8.21%	+16.21%-1.81%	+27.05%+4.14%	+48.81%+39.20%	+80.65%+113.73%	+53.72%+127.63%
Flows	ENOR EWP	+$34M+$29M	+$80M-$17M	+$82M-$17M	+$85M+$319M	+$85M+$495M	+$80M+$598M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ENOR EWP	+19.81%+24.35%	+15.39%+17.30%	+18.06%+17.51%	+21.43%+19.21%
Max drawdown	ENOR EWP	-4.40%-11.32%	-8.84%-11.32%	-14.91%-11.50%	-32.63%-33.80%
Max drawdown duration	ENOR EWP	11d61d	118d61d	54d113d	1149d673d

Trading data

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	ENOR	EWP
Last sale 4/27/2026 at 7:59 PM	$36.57	$56.27
Previous close 04/27/2026	$36.70	$55.94
Consolidated volume 04/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 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 4/27/2026 at 7:59 PM

Live

Closed

	ENOR	EWP
Last price	$36.57	$56.27
1D performance	-0.35%	+0.59%
AuM	$137.14 M	$1.86 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	50	21
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

90.39%

Other

9.61%

EWP

Spain

95.56%

Other

4.44%

Sectors

ENOR

Energy

26.2%

Financials

22.17%

Consumer Staples

12%

Materials

10.77%

Other

28.86%

EWP

Financials

40.18%

Utilities

23.89%

Other

35.93%

Diversification

ENOR

Total weight of top 15 holdings out of 15

75.69%

EWP

Total weight of top 15 holdings out of 15

88.53%

Top 15 holdings

Data as of March 31, 2026

ENOR

EQUINOR

14.90%

DNB BANK

11.62%

NO0013536151

7.89%

NORSK HYDRO

6.15%

AKER BP ASA

4.94%

MOWI ASA

4.51%

YARA INTL

4.05%

TELENOR

3.85%

ORKLA

3.71%

UNI STOREBRAND

3.18%

SUBSEA

2.92%

GJENSIDIGE

2.19%

CY0200352116

2.13%

SPAREBANK1 SRANK

1.88%

SCHIBSTED

1.77%

EWP

BANCO SANTANDER SA

16.94%

IBERDROLA SA

14.80%

BBVA

11.73%

REPSOL YPF SA

5.97%

CAIXABANK SA

4.57%

NL0015001FS8

4.15%

ACS CONS Y SERV

4.08%

INDUSTRIA DISENO TEXTIL

3.99%

AMADEUS IT GROUP SA

3.87%

ES0105046017

3.76%

BCO DE SABADELL

3.48%

ENDESA SA

3.07%

TELEFONICA SA

2.93%

CELLNEX TELECOM

2.87%

ACCIONA SA

2.31%

Frequently asked questions about ENOR and EWP

ENORvsEWPETF Comparison

iShares MSCI Norway ETF

iShares MSCI Spain ETF

ENOR vs EWP performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the ENOR and EWP ETFs performed in 2026?

As of April 27, 2026, ENOR is up 27.05% year-to-date (YTD), while EWP has returned 4.14%. 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 +$82M in flows, compared to -$17M for EWP.

Which ETF is more volatile: ENOR or EWP?

Over the past year, ENOR had a volatility of 15.39%, while EWP experienced 17.3%.

Which ETF is bigger: ENOR or EWP?

As of April 27, 2026, ENOR holds $137.14 M in assets under management (AUM), while EWP manages $1.86 B.

What sectors do the ENOR and EWP ETFs invest in?

ENOR leans toward sectors like Energy, Financials and Consumer Staples. Meanwhile, EWP focuses on Financials and Utilities.

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

ENOR top holdings include EQUINOR, DNB BANK and NO0013536151. EWP holds in its top three: BANCO SANTANDER SA, IBERDROLA SA and BBVA.

Which ETF is more diversified: ENOR or EWP?

ENOR holds 57 securities with 75.69% of its assets in the top 15. EWP has 23 securities and a top 15 weight of 88.53%.

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