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ENORvsNORWETF Comparison

ETF 1

ENOR

iShares MSCI Norway ETF

This fund is part of

Europe Blended Cap

+0.58%

Full ENOR fund page

VS

ETF 2

NORW

Global X MSCI Norway ETF

This fund is part of

Europe Blended Cap

+0.58%

Full NORW fund page

The ETFs iShares MSCI Norway ETF (ENOR) and Global X MSCI Norway ETF (NORW) track the MSCI Norway IMI 25/50 Net Total Return Index - USD and belong to the same industry segment: Europe Blended Cap. ENOR's top 3 sector exposures are Energy, Finance and Industrials. In contrast, NORW's top sector exposures are Energy, Finance and Consumer Non-Cyclicals. ENOR is more expensive with a Total Expense Ratio (TER) of 0.53%, versus 0.5% for NORW. ENOR is up 14.49% year-to-date (YTD) with +$42M in YTD flows. NORW performs worse with 13.49% YTD performance, and +$26M in YTD flows. Run a side-by-side ETF comparison of ENOR and NORW 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 NORW 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 06/30/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	ENOR NORW	-10.96%-10.98%	-7.60%-7.95%	+14.49%+13.49%	+19.10%+18.68%	+66.39%+64.72%	+40.25%+35.06%
Flows	ENOR NORW	-$13M-$56M	-$7M-$50M	+$42M+$26M	+$40M+$24M	+$48M+$16M	+$40M+$65M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ENOR NORW	+16.14%+15.59%	+15.79%+15.96%	+17.75%+18.99%	+21.28%+21.98%
Max drawdown	ENOR NORW	-13.66%-13.77%	-13.66%-13.77%	-14.91%-15.97%	-32.63%-33.23%
Max drawdown duration	ENOR NORW	40d40d	40d40d	54d48d	1149d1147d

Trading data

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	ENOR	NORW
Last sale 7/1/2026 at 1:30 PM	$31.32	$31.75
Previous close 06/30/2026	$31.42	$31.93
Consolidated volume 06/30/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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	ENOR	NORW
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/1/2026 at 1:30 PM

Live

Closed

	ENOR	NORW
Last price	$31.32	$31.75
1D performance	-0.32%	-0.56%
AuM	$83.47 M	$86.51 M
E/R	0.53%	0.5%

Characteristics

	ENOR	NORW
Management strategy	Passive	Passive
Provider	iShares	Global X
Benchmark	MSCI Norway IMI 25/50 Index	MSCI Norway IMI 25/50 Index
N° of holdings	61	57
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	January 23, 2012	August 17, 2009
ESG	No	No

More ENOR data on Trackinsight

More NORW data on Trackinsight

Exposure

Countries

ENOR

Norway

89.94%

Other

10.06%

NORW

Norway

89.3%

Other

10.7%

Sectors

ENOR

Energy

28.72%

Finance

23.44%

Industrials

12.53%

Consumer Non-Cycl.

11.85%

Non-Energy Materi.

11.09%

Other

12.37%

NORW

Energy

26.76%

Finance

23.6%

Consumer Non-Cycl.

11.93%

Industrials

11.4%

Non-Energy Materi.

11.16%

Other

15.15%

Diversification

ENOR

Total weight of top 15 holdings out of 15

70.12%

NORW

Total weight of top 15 holdings out of 15

70.28%

Top 15 holdings

Data as of May 31, 2026

ENOR

Equinor ASA

10.94%

DNB Bank ASA

10.84%

Norsk Hydro ASA

6.76%

Kongsberg Gruppen ASA

6.44%

Aker BP ASA

4.88%

Telenor ASA

4.32%

Mowi ASA

4.12%

Yara International ASA

3.72%

Orkla ASA

3.29%

Storebrand ASA

3.29%

Subsea 7 SA

3.18%

Gjensidige Forsikring ASA

2.37%

Frontline Plc

2.12%

Vår Energi ASA

1.98%

Vend Marketplaces ASA

1.86%

NORW

Equinor ASA

11.00%

DNB Bank ASA

10.91%

Norsk Hydro ASA

6.80%

Kongsberg Gruppen ASA

6.48%

Aker BP ASA

4.91%

Telenor ASA

4.35%

Mowi ASA

4.14%

Yara International ASA

3.74%

Storebrand ASA

3.32%

Orkla ASA

3.31%

Subsea 7 SA

3.21%

Gjensidige Forsikring ASA

2.39%

Vår Energi ASA

1.99%

Vend Marketplaces ASA

1.88%

Sparebank 1 Sør-Norge ASA

1.86%

Frequently asked questions about ENOR and NORW

How have the ENOR and NORW ETFs performed in 2026?

As of June 30, 2026, ENOR is up 14.49% year-to-date (YTD), while NORW has returned 13.49%. That puts ENOR better performer ahead so far this year.

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

Year-to-date, the ENOR ETF saw +$42M in flows, compared to +$26M for NORW.

Which ETF is more volatile: ENOR or NORW?

Over the past year, ENOR had a volatility of 15.79%, while NORW experienced 15.96%.

Which ETF is bigger: ENOR or NORW?

As of June 30, 2026, ENOR holds $83.47 M in assets under management (AUM), while NORW manages $86.51 M.

What sectors do the ENOR and NORW ETFs invest in?

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

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

ENOR top holdings include Equinor ASA, DNB Bank ASA and Norsk Hydro ASA. NORW holds in its top three: Equinor ASA, DNB Bank ASA and Norsk Hydro ASA.

Which ETF is more diversified: ENOR or NORW?

ENOR holds 62 securities with 70.12% of its assets in the top 15. NORW has 57 securities and a top 15 weight of 70.28%.

The ETF Underdogs, Part 2: 5 More ETFs Under $50 Million AUM to Watch

January 10, 2025

NORW

ENORvsNORWETF Comparison

iShares MSCI Norway ETF

Global X MSCI Norway ETF

ENOR vs NORW 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 NORW ETFs performed in 2026?

As of June 30, 2026, ENOR is up 14.49% year-to-date (YTD), while NORW has returned 13.49%. That puts ENOR better performer ahead so far this year.

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

Year-to-date, the ENOR ETF saw +$42M in flows, compared to +$26M for NORW.

Which ETF is more volatile: ENOR or NORW?

Over the past year, ENOR had a volatility of 15.79%, while NORW experienced 15.96%.

Which ETF is bigger: ENOR or NORW?

As of June 30, 2026, ENOR holds $83.47 M in assets under management (AUM), while NORW manages $86.51 M.

What sectors do the ENOR and NORW ETFs invest in?

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

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

ENOR top holdings include Equinor ASA, DNB Bank ASA and Norsk Hydro ASA. NORW holds in its top three: Equinor ASA, DNB Bank ASA and Norsk Hydro ASA.

Which ETF is more diversified: ENOR or NORW?

ENOR holds 62 securities with 70.12% of its assets in the top 15. NORW has 57 securities and a top 15 weight of 70.28%.

The ETF Underdogs, Part 2: 5 More ETFs Under $50 Million AUM to Watch

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