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ENORvsFEZETF Comparison

ETF 1
ENOR

iShares MSCI Norway ETF

This fund is part of
Europe Blended Cap
-1.59%
Full ENOR fund page
VS
ETF 2
FEZ

SPDR EURO STOXX 50 ETF

This fund is part of
Europe Blended Cap
-1.59%
Full FEZ fund page

iShares MSCI Norway ETF (ENOR) and SPDR EURO STOXX 50 ETF (FEZ) belong to the same industry segment: Europe Blended Cap. ENOR's top 3 sector exposures are Financials, Energy and Consumer Staples. In contrast, FEZ's top sector exposures are Industrials, Financials and Information Technology. ENOR is more expensive with a Total Expense Ratio (TER) of 0.53%, versus 0.29% for FEZ. ENOR is up 19.49% year-to-date (YTD) with +$15M in YTD flows. FEZ performs worse with -2.49% YTD performance, and -$77M in YTD flows. Run a side-by-side ETF comparison of ENOR and FEZ 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 FEZ performance and flow charts

Performance

-8.0-6.0-4.0-2.00.02.04.0%Feb 12Feb 20Feb 27Mar 6

Cumulative Flows

-200 M-150 M-100 M-50 M0 MFeb 12Feb 20Feb 27Mar 6

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Historic performance and flows
Data as of 03/12/2026
1M3MYTD1Y3Y5Y
Perf.
ENOR
FEZ
+3.99%-7.21%
+23.56%-1.21%
+19.49%-2.49%
+43.03%+16.06%
+73.29%+63.24%
+50.68%+64.53%
Flows
ENOR
FEZ
+$9M-$220M
+$15M+$58M
+$15M-$77M
+$21M-$10M
+$14M+$1.30B
+$24M+$1.73B
Volatility and drawdown
3M1Y3Y5Y
Volatility
ENOR
FEZ
+16.58%+19.31%
+18.28%+18.68%
+18.37%+17.65%
+21.36%+20.40%
Max drawdown
ENOR
FEZ
-2.10%-9.54%
-14.91%-15.03%
-14.91%-15.03%
-32.63%-34.74%
Max drawdown duration
ENOR
FEZ
7d15d
54d44d
54d44d
1149d584d
Trading data

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ENOR
FEZ
Last sale
3/13/2026 at 1:30 PM
$34.46
$61.90
Previous close
03/12/2026
$34.86
$62.72
Consolidated volume
03/12/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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ENOR
FEZ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/13/2026 at 1:30 PM
Live
Closed
ENOR
FEZ
Last price
$34.46
$61.90
1D performance
-1.15%
-1.31%
AuM$65.35 M$4.82 B
E/R0.53%0.29%
Characteristics
ENOR
FEZ
Management strategyPassivePassive
ProvideriSharesSPDR
BenchmarkMSCI Norway IMI 25/50 IndexEuro Stoxx 50 Index
N° of holdings5048
Asset classEquitiesEquities
Trailing 12m distribution yield
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Inception dateJanuary 23, 2012October 15, 2002
ESGNoNo
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Exposure

Countries

ENOR
Norway
90.49%
Other
9.51%
FEZ
France
29.35%
Germany
29.29%
Netherlands
20.4%
Italy
7.21%
Other
13.76%

Sectors

ENOR
Financials
24.61%
Energy
21.08%
Consumer Staples
13.66%
Materials
10.71%
Other
29.95%
FEZ
Industrials
21.41%
Financials
18.76%
Information Techn.
17.02%
Consumer Discreti.
11.45%
Other
31.35%
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Diversification

ENOR

Total weight of top 15 holdings out of 15

73.87%
FEZ

Total weight of top 15 holdings out of 15

51.93%

Top 15 holdings

Data as of January 31, 2026
ENOR
DNB BANK
12.41%
EQUINOR
10.65%
NO0013536151
7.20%
NORSK HYDRO
6.21%
MOWI ASA
5.22%
TELENOR
4.57%
AKER BP ASA
4.47%
ORKLA
4.04%
YARA INTL
3.74%
UNI STOREBRAND
3.59%
GJENSIDIGE
2.77%
SUBSEA
2.76%
SCHIBSTED
2.28%
SPAREBANK1 SRANK
2.00%
SALMAR
1.95%
FEZ
ASML HOLDING
10.90%
SIEMENS
4.45%
SAP SE
4.01%
ALLIANZ SE
3.27%
SCHNEIDER ELECTRIC SE
3.23%
LVMH MOET HENNESSY LOUIS VUITT
3.16%
TOTALENERGIES SE
3.12%
IBERDROLA SA
2.68%
UNICREDIT SPA
2.64%
AIRBUS SE
2.63%
SAFRAN
2.60%
SIEMENS ENERGY AG
2.58%
DEUTSCHE TELEKOM AG
2.29%
BNP PARIBAS
2.22%
L OREAL S.A.
2.15%
Frequently asked questions about ENOR and FEZ

How have the ENOR and FEZ ETFs performed in 2026?

As of March 12, 2026, ENOR is up 19.49% year-to-date (YTD), while FEZ has lost -2.49%. That puts ENOR better performer ahead so far this year.

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

Year-to-date, the ENOR ETF saw +$15M in flows, compared to -$77M for FEZ.

Which ETF is more volatile: ENOR or FEZ?

Over the past year, ENOR had a volatility of 18.28%, while FEZ experienced 18.68%.

Which ETF is bigger: ENOR or FEZ?

As of March 12, 2026, ENOR holds $65.35 M in assets under management (AUM), while FEZ manages $4.82 B.

What sectors do the ENOR and FEZ ETFs invest in?

ENOR leans toward sectors like Financials, Energy and Consumer Staples. Meanwhile, FEZ focuses on Industrials, Financials and Information Technology.

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

ENOR top holdings include DNB BANK, EQUINOR and NO0013536151. FEZ holds in its top three: ASML HOLDING, SIEMENS and SAP SE.

Which ETF is more diversified: ENOR or FEZ?

ENOR holds 57 securities with 73.87% of its assets in the top 15. FEZ has 48 securities and a top 15 weight of 51.93%.

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