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ENORvsEZUETF 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

EZU

iShares MSCI Eurozone ETF

This fund is part of

Europe Blended Cap

-1.24%

Full EZU fund page

iShares MSCI Norway ETF (ENOR) and iShares MSCI Eurozone ETF (EZU) belong to the same industry segment: Europe Blended Cap. ENOR's top 3 sector exposures are Energy, Finance and Industrials. In contrast, EZU's top sector exposures are Finance, Industrials and Technology. ENOR is more expensive with a Total Expense Ratio (TER) of 0.53%, versus 0.5% for EZU. ENOR is up 27.62% year-to-date (YTD) with +$177M in YTD flows. EZU performs worse with 6.78% YTD performance, and +$116M in YTD flows. Run a side-by-side ETF comparison of ENOR and EZU 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 EZU 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 EZU	-4.99%-4.72%	+11.47%-3.06%	+27.62%+6.78%	+29.34%+11.30%	+77.95%+75.84%	+53.68%+61.47%
Flows	ENOR EZU	+$143M-$21M	+$136M+$129M	+$177M+$116M	+$177M+$800M	+$176M-$564M	+$174M-$789M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ENOR EZU	+13.88%+13.77%	+15.96%+17.82%	+17.45%+16.82%	+21.01%+19.67%
Max drawdown	ENOR EZU	-6.67%-6.49%	-13.66%-12.88%	-14.91%-14.55%	-32.63%-36.02%
Max drawdown duration	ENOR EZU	21d45d	89d96d	54d44d	1149d830d

Trading data

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	ENOR	EZU
Last sale 10/1/2026 at 4:51 PM	$34.82	$65.84
Previous close 09/30/2026	$35.01	$67.33
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	EZU
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/1/2026 at 4:51 PM

Live

Closed

	ENOR	EZU
Last price	$34.82	$65.84
1D performance	-0.54%	-2.21%
AuM	$222.96 M	$9.42 B
E/R	0.53%	0.5%

Characteristics

	ENOR	EZU
Management strategy	Passive	Passive
Provider	iShares	iShares
Benchmark	MSCI Norway IMI 25/50 Index	MSCI EMU Index
N° of holdings	59	216
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	January 23, 2012	July 25, 2000
ESG	No	No

More ENOR data on Trackinsight

More EZU data on Trackinsight

Exposure

Countries

ENOR

Norway

89.66%

Other

10.34%

EZU

Germany

25.03%

France

24.89%

Netherlands

18.62%

Spain

11.17%

Italy

9.24%

Other

11.05%

Sectors

ENOR

Energy

30.91%

Finance

25.3%

Industrials

12.59%

Consumer Non-Cycl.

11.42%

Non-Energy Materi.

9.46%

Other

10.32%

EZU

Finance

28.01%

Industrials

18.89%

Technology

15.58%

Consumer Cyclical.

7.39%

Other

30.12%

Diversification

ENOR

Total weight of top 15 holdings out of 15

70.71%

EZU

Total weight of top 15 holdings out of 15

38.17%

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%

EZU

ASML Holding NV

8.39%

Siemens AG

3.07%

SAP SE

2.88%

Banco Santander SA

2.69%

Allianz SE

2.55%

Schneider Electric SE

2.41%

TotalEnergies SE

2.18%

Banco Bilbao Vizcaya Argentaria SA

2.08%

Iberdrola SA

1.85%

Airbus SE

1.74%

Safran SA

1.73%

UniCredit SpA

1.70%

LVMH Moët Hennessy Louis Vuitton SE

1.67%

Siemens Energy AG

1.64%

Air Liquide SA

1.57%

Frequently asked questions about ENOR and EZU

ENORvsEZUETF Comparison

iShares MSCI Norway ETF

iShares MSCI Eurozone ETF

ENOR vs EZU 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 EZU ETFs performed in 2026?

As of September 30, 2026, ENOR is up 27.62% year-to-date (YTD), while EZU has returned 6.78%. That puts ENOR better performer ahead so far this year.

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

Year-to-date, the ENOR ETF saw +$177M in flows, compared to +$116M for EZU.

Which ETF is more volatile: ENOR or EZU?

Over the past year, ENOR had a volatility of 15.96%, while EZU experienced 17.82%.

Which ETF is bigger: ENOR or EZU?

As of September 30, 2026, ENOR holds $222.96 M in assets under management (AUM), while EZU manages $9.42 B.

What sectors do the ENOR and EZU ETFs invest in?

ENOR leans toward sectors like Energy, Finance and Industrials. Meanwhile, EZU focuses on Finance, Industrials and Technology.

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

ENOR top holdings include Equinor ASA, DNB Bank ASA and Kongsberg Gruppen ASA. EZU holds in its top three: ASML Holding NV, Siemens AG and SAP SE.

Which ETF is more diversified: ENOR or EZU?

ENOR holds 59 securities with 70.71% of its assets in the top 15. EZU has 217 securities and a top 15 weight of 38.17%.

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