ENORvsHEDJETF Comparison
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iShares MSCI Norway ETF (ENOR) and WisdomTree Europe Hedged Equity Fund (HEDJ) belong to the same industry segment: Europe Blended Cap. ENOR's top 3 sector exposures are Energy, Finance and Industrials. In contrast, HEDJ's top sector exposures are Industrials, Finance and Consumer Cyclicals. ENOR is less expensive with a Total Expense Ratio (TER) of 0.53%, versus 0.58% for HEDJ. ENOR is up 27.62% year-to-date (YTD) with +$177M in YTD flows. HEDJ performs worse with 6.82% YTD performance, and -$124M in YTD flows. Run a side-by-side ETF comparison of ENOR and HEDJ 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 HEDJ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ENOR HEDJ | -4.99%-3.01% | +11.47%-1.94% | +27.62%+6.82% | +29.34%+12.79% | +77.95%+52.25% | +53.68%+67.89% |
| Flows | ENOR HEDJ | +$143M-$31M | +$136M-$57M | +$177M-$124M | +$177M-$253M | +$176M-$163M | +$174M-$834M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ENOR HEDJ | +13.88%+10.96% | +15.96%+14.22% | +17.45%+14.37% | +21.01%+16.02% |
| Max drawdown | ENOR HEDJ | -6.67%-4.46% | -13.66%-10.75% | -14.91%-15.72% | -32.63%-22.44% |
| Max drawdown duration | ENOR HEDJ | 21d52d | 89d90d | 54d74d | 1149d406d |
Trading data
ENOR | HEDJ | |
Last sale 10/1/2026 at 5:02 PM | $34.81 | $54.97 |
| Previous close 09/30/2026 | $35.01 | $55.46 |
| 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 | HEDJ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Main metrics
Last update 10/1/2026 at 5:02 PM
Live
Closed
ENOR | HEDJ | |
|---|---|---|
| Last price | $34.81 | $54.97 |
| 1D performance | -0.57% | -0.88% |
| AuM | $222.96 M | $1.75 B |
| E/R | 0.53% | 0.58% |
Characteristics
ENOR | HEDJ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | WisdomTree |
| Benchmark | MSCI Norway IMI 25/50 Index | WisdomTree Europe Equity Index |
| N° of holdings | 59 | 128 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 23, 2012 | December 31, 2009 |
| ESG | No | No |
Exposure
Countries
ENOR
Norway
89.66%
Other
10.34%
HEDJ
Germany
23.84%
France
20.6%
Spain
19.23%
Netherlands
18.24%
Other
18.09%
Sectors
ENOR
Energy
30.91%
Finance
25.3%
Industrials
12.59%
Consumer Non-Cycl.
11.42%
Non-Energy Materi.
9.46%
Other
10.32%
HEDJ
Industrials
23.48%
Finance
17.03%
Consumer Cyclical.
12.01%
Consumer Non-Cycl.
11.94%
Technology
11.45%
Non-Energy Materi.
7.99%
Other
16.1%
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Diversification
ENOR
Total weight of top 15 holdings out of 15
70.71%
HEDJ
Total weight of top 15 holdings out of 15
51.66%
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%
HEDJ
Banco Bilbao Vizcaya Argentaria SA
7.43%
ASML Holding NV
6.58%
Banco Santander SA
4.67%
Siemens AG
4.44%
Deutsche Telekom AG
4.00%
LVMH Moët Hennessy Louis Vuitton SE
3.83%
Sanofi
3.65%
L'Oréal SA
3.24%
Anheuser-Busch InBev NV
2.61%
BASF SE
2.22%
SAP SE
2.02%
Schneider Electric SE
1.98%
Daimler Truck Holding AG
1.83%
Bayerische Motoren Werke AG
1.68%
ACS, Actividades de Construcción y Servicios SA
1.48%
Frequently asked questions about ENOR and HEDJ
How have the ENOR and HEDJ ETFs performed in 2026?
As of September 30, 2026, ENOR is up 27.62% year-to-date (YTD), while HEDJ has returned 6.82%. That puts ENOR better performer ahead so far this year.
Which ETF is attracting more investor money: ENOR or HEDJ?
Year-to-date, the ENOR ETF saw +$177M in flows, compared to -$124M for HEDJ.
Which ETF is more volatile: ENOR or HEDJ?
Over the past year, ENOR had a volatility of 15.96%, while HEDJ experienced 14.22%.
Which ETF is bigger: ENOR or HEDJ?
As of September 30, 2026, ENOR holds $222.96 M in assets under management (AUM), while HEDJ manages $1.75 B.
What sectors do the ENOR and HEDJ ETFs invest in?
ENOR leans toward sectors like Energy, Finance and Industrials. Meanwhile, HEDJ focuses on Industrials, Finance and Consumer Cyclicals.
What are the top holdings of the ENOR ETF and HEDJ ETF?
ENOR top holdings include Equinor ASA, DNB Bank ASA and Kongsberg Gruppen ASA. HEDJ holds in its top three: Banco Bilbao Vizcaya Argentaria SA, ASML Holding NV and Banco Santander SA.
Which ETF is more diversified: ENOR or HEDJ?
ENOR holds 59 securities with 70.71% of its assets in the top 15. HEDJ has 128 securities and a top 15 weight of 51.66%.
Latest news about ENOR & HEDJ
Should You Hedge Currency Risk in European Equity ETFs?
April 9, 2025
HEDJ
An introduction to foreign ETFs
July 26, 2022
HEDJ
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