ENORvsFEZETF Comparison
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iShares MSCI Norway ETF (ENOR) and State Street SPDR EURO STOXX 50 ETF (FEZ) belong to the same industry segment: Europe Blended Cap. ENOR's top 3 sector exposures are Energy, Finance and Industrials. In contrast, FEZ's top sector exposures are Finance, Industrials and Technology. ENOR is more expensive with a Total Expense Ratio (TER) of 0.53%, versus 0.29% for FEZ. ENOR is up 26.72% year-to-date (YTD) with +$177M in YTD flows. FEZ performs worse with 4.39% YTD performance, and -$917M 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
Cumulative Flows
Historic performance and flows
Data as of 10/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ENOR FEZ | -5.69%-5.71% | +11.21%-2.60% | +26.72%+4.39% | +26.68%+8.58% | +76.69%+72.59% | +49.31%+69.72% |
| Flows | ENOR FEZ | +$143M- | +$136M- | +$177M-$917M | +$177M-$735M | +$176M+$367M | +$174M+$273M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ENOR FEZ | +13.93%+14.43% | +15.93%+18.46% | +17.45%+17.82% | +20.99%+20.87% |
| Max drawdown | ENOR FEZ | -7.33%-8.05% | -13.66%-12.89% | -14.91%-15.03% | -32.63%-34.74% |
| Max drawdown duration | ENOR FEZ | 22d46d | 89d107d | 54d44d | 1149d584d |
Trading data
ENOR | FEZ | |
Last sale 10/1/2026 at 7:59 PM | $34.75 | $66.89 |
| Previous close 10/01/2026 | $35.01 | $66.08 |
| Consolidated volume 10/01/2026 | ||
| 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 | FEZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 10/1/2026 at 7:59 PM
Live
Closed
ENOR | FEZ | |
|---|---|---|
| Last price | $34.75 | $66.89 |
| 1D performance | -0.74% | +1.23% |
| AuM | $221.38 M | $4.18 B |
| E/R | 0.53% | 0.29% |
Characteristics
ENOR | FEZ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | State Street Investment Management |
| Benchmark | MSCI Norway IMI 25/50 Index | Euro Stoxx 50 Index |
| N° of holdings | 59 | 47 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 23, 2012 | October 15, 2002 |
| ESG | No | No |
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Exposure
Countries
ENOR
Norway
89.66%
Other
10.34%
FEZ
Germany
30.01%
France
28.98%
Netherlands
17.22%
Italy
8.81%
Other
14.97%
Sectors
ENOR
Energy
30.91%
Finance
25.3%
Industrials
12.59%
Consumer Non-Cycl.
11.42%
Non-Energy Materi.
9.46%
Other
10.32%
FEZ
Finance
21.26%
Industrials
20.22%
Technology
14.96%
Consumer Cyclical.
8.01%
Other
35.56%
Diversification
ENOR
Total weight of top 15 holdings out of 15
70.71%
FEZ
Total weight of top 15 holdings out of 15
52.27%
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%
FEZ
ASML Holding NV
8.64%
Siemens AG
4.67%
SAP SE
4.31%
TotalEnergies SE
3.83%
Allianz SE
3.82%
Schneider Electric SE
3.79%
UniCredit SpA
2.83%
Iberdrola SA
2.81%
Safran SA
2.78%
Airbus SE
2.59%
Siemens Energy AG
2.58%
LVMH Moët Hennessy Louis Vuitton SE
2.50%
Air Liquide SA
2.41%
BNP Paribas SA
2.38%
Intesa Sanpaolo SpA
2.33%
Frequently asked questions about ENOR and FEZ
How have the ENOR and FEZ ETFs performed in 2026?
As of October 1, 2026, ENOR is up 26.72% year-to-date (YTD), while FEZ has returned 4.39%. 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 +$177M in flows, compared to -$917M for FEZ.
Which ETF is more volatile: ENOR or FEZ?
Over the past year, ENOR had a volatility of 15.93%, while FEZ experienced 18.46%.
Which ETF is bigger: ENOR or FEZ?
As of October 1, 2026, ENOR holds $221.38 M in assets under management (AUM), while FEZ manages $4.18 B.
What sectors do the ENOR and FEZ ETFs invest in?
ENOR leans toward sectors like Energy, Finance and Industrials. Meanwhile, FEZ focuses on Finance, Industrials and Technology.
What are the top holdings of the ENOR ETF and FEZ ETF?
ENOR top holdings include Equinor ASA, DNB Bank ASA and Kongsberg Gruppen ASA. FEZ holds in its top three: ASML Holding NV, Siemens AG and SAP SE.
Which ETF is more diversified: ENOR or FEZ?
ENOR holds 59 securities with 70.71% of its assets in the top 15. FEZ has 47 securities and a top 15 weight of 52.27%.
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