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ENORvsEWUETF 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

EWU

iShares MSCI United Kingdom ETF

This fund is part of

Europe Blended Cap

-1.24%

Full EWU fund page

iShares MSCI Norway ETF (ENOR) and iShares MSCI United Kingdom ETF (EWU) belong to the same industry segment: Europe Blended Cap. ENOR's top 3 sector exposures are Energy, Finance and Industrials. In contrast, EWU's top sector exposures are Finance, Consumer Non-Cyclicals and Energy. ENOR is more expensive with a Total Expense Ratio (TER) of 0.53%, versus 0.5% for EWU. ENOR is up 27.62% year-to-date (YTD) with +$177M in YTD flows. EWU performs worse with 7.35% YTD performance, and +$646M in YTD flows. Run a side-by-side ETF comparison of ENOR and EWU 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 EWU 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 EWU	-4.99%-3.79%	+11.47%+1.40%	+27.62%+7.35%	+29.34%+14.18%	+77.95%+68.03%	+53.68%+75.28%
Flows	ENOR EWU	+$143M+$22M	+$136M-$36M	+$177M+$646M	+$177M+$563M	+$176M-$88M	+$174M-$623M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ENOR EWU	+13.88%+11.56%	+15.96%+14.63%	+17.45%+14.17%	+21.01%+16.20%
Max drawdown	ENOR EWU	-6.67%-5.91%	-13.66%-10.03%	-14.91%-12.53%	-32.63%-24.74%
Max drawdown duration	ENOR EWU	21d36d	89d150d	54d38d	1149d427d

Trading data

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	ENOR	EWU
Last sale 10/1/2026 at 5:50 PM	$34.83	$45.81
Previous close 09/30/2026	$35.01	$46.53
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	EWU
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	EWU
Last price	$34.83	$45.81
1D performance	-0.51%	-1.55%
AuM	$222.96 M	$3.67 B
E/R	0.53%	0.5%

Characteristics

	ENOR	EWU
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	MSCI Norway IMI 25/50 Index	MSCI UK Index
N° of holdings	59	68
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 EWU data on Trackinsight

Exposure

Countries

ENOR

Norway

89.66%

Other

10.34%

EWU

United Kingdom

93.76%

Other

6.24%

Sectors

ENOR

Energy

30.91%

Finance

25.3%

Industrials

12.59%

Consumer Non-Cycl.

11.42%

Non-Energy Materi.

9.46%

Other

10.32%

EWU

Finance

26.32%

Consumer Non-Cycl.

14.91%

Energy

13.51%

Healthcare

12.42%

Industrials

10.14%

Other

22.7%

Diversification

ENOR

Total weight of top 15 holdings out of 15

70.71%

EWU

Total weight of top 15 holdings out of 15

64.48%

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%

EWU

HSBC Holdings Plc

11.00%

Shell Plc

7.79%

AstraZeneca PLC

7.58%

Rolls-Royce Holdings Plc

5.35%

Unilever Plc

4.33%

British American Tobacco plc

3.46%

Rio Tinto Plc

3.43%

BP Plc

3.38%

GSK Plc

3.14%

Barclays PLC

2.82%

Lloyds Banking Group Plc

2.68%

BAE Systems Plc

2.51%

National Grid Plc

2.44%

Glencore Plc

2.34%

NatWest Group Plc

2.25%

Frequently asked questions about ENOR and EWU

How have the ENOR and EWU ETFs performed in 2026?

As of September 30, 2026, ENOR is up 27.62% year-to-date (YTD), while EWU has returned 7.35%. That puts ENOR better performer ahead so far this year.

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

Year-to-date, the ENOR ETF saw +$177M in flows, compared to +$646M for EWU.

Which ETF is more volatile: ENOR or EWU?

Over the past year, ENOR had a volatility of 15.96%, while EWU experienced 14.63%.

Which ETF is bigger: ENOR or EWU?

As of September 30, 2026, ENOR holds $222.96 M in assets under management (AUM), while EWU manages $3.67 B.

What sectors do the ENOR and EWU ETFs invest in?

ENOR leans toward sectors like Energy, Finance and Industrials. Meanwhile, EWU focuses on Finance, Consumer Non-Cyclicals and Energy.

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

ENOR top holdings include Equinor ASA, DNB Bank ASA and Kongsberg Gruppen ASA. EWU holds in its top three: HSBC Holdings Plc, Shell Plc and AstraZeneca PLC.

Which ETF is more diversified: ENOR or EWU?

ENOR holds 59 securities with 70.71% of its assets in the top 15. EWU has 68 securities and a top 15 weight of 64.48%.

An introduction to Country-Based ETFs

July 7, 2022

EWU

ENORvsEWUETF Comparison

iShares MSCI Norway ETF

iShares MSCI United Kingdom ETF

ENOR vs EWU 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 EWU ETFs performed in 2026?

As of September 30, 2026, ENOR is up 27.62% year-to-date (YTD), while EWU has returned 7.35%. That puts ENOR better performer ahead so far this year.

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

Year-to-date, the ENOR ETF saw +$177M in flows, compared to +$646M for EWU.

Which ETF is more volatile: ENOR or EWU?

Over the past year, ENOR had a volatility of 15.96%, while EWU experienced 14.63%.

Which ETF is bigger: ENOR or EWU?

As of September 30, 2026, ENOR holds $222.96 M in assets under management (AUM), while EWU manages $3.67 B.

What sectors do the ENOR and EWU ETFs invest in?

ENOR leans toward sectors like Energy, Finance and Industrials. Meanwhile, EWU focuses on Finance, Consumer Non-Cyclicals and Energy.

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

ENOR top holdings include Equinor ASA, DNB Bank ASA and Kongsberg Gruppen ASA. EWU holds in its top three: HSBC Holdings Plc, Shell Plc and AstraZeneca PLC.

Which ETF is more diversified: ENOR or EWU?

ENOR holds 59 securities with 70.71% of its assets in the top 15. EWU has 68 securities and a top 15 weight of 64.48%.

An introduction to Country-Based ETFs

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