NORWvsBBEUETF Comparison
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Global X MSCI Norway ETF (NORW) and JPMorgan BetaBuilders Europe ETF (BBEU) belong to the same industry segment: Europe Blended Cap. NORW's top 3 sector exposures are Energy, Financials and Consumer Staples. In contrast, BBEU's top sector exposures are Financials, Industrials and Health Care. NORW is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.09% for BBEU. NORW is up 27.32% year-to-date (YTD) with +$76M in YTD flows. BBEU performs worse with 5.28% YTD performance, and -$76M in YTD flows. Run a side-by-side ETF comparison of NORW and BBEU 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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NORW vs BBEU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/13/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NORW BBEU | -0.64%-0.53% | +11.69%-0.73% | +27.32%+5.28% | +44.59%+21.26% | +82.11%+53.91% | +56.50%+58.18% |
| Flows | NORW BBEU | -$32M-$76M | +$72M-$76M | +$76M-$76M | +$77M+$3.51B | +$65M-$2.42B | +$116M+$1.42B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NORW BBEU | +18.36%+22.05% | +15.75%+15.14% | +19.27%+14.93% | +21.94%+17.21% |
| Max drawdown | NORW BBEU | -4.29%-12.03% | -9.34%-12.03% | -15.97%-13.97% | -33.23%-31.18% |
| Max drawdown duration | NORW BBEU | 11d77d | 115d77d | 48d44d | 1147d700d |
Trading data
NORW | BBEU | |
Last sale 5/14/2026 at 3:32 PM | $38.50 | $76.71 |
| Previous close 05/13/2026 | $38.52 | $76.77 |
| Consolidated volume 05/13/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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NORW | BBEU | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 5/14/2026 at 3:32 PM
Live
Closed
NORW | BBEU | |
|---|---|---|
| Last price | $38.50 | $76.71 |
| 1D performance | -0.06% | -0.08% |
| AuM | $155.47 M | $9.00 B |
| E/R | 0.5% | 0.09% |
Characteristics
NORW | BBEU | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Global X | J.P. Morgan Asset Management |
| Benchmark | MSCI Norway IMI 25/50 Index | Morningstar Developed Europe Target Market Exposure Index |
| N° of holdings | 50 | 332 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 17, 2009 | June 18, 2018 |
| ESG | No | No |
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Exposure
Countries
NORW
Norway
90.52%
Other
9.48%
BBEU
United Kingdom
23.3%
Switzerland
14.44%
France
14.15%
Germany
13.24%
Netherlands
9.17%
Other
25.71%
Sectors
NORW
Energy
26.59%
Financials
22.12%
Consumer Staples
12.05%
Materials
10.85%
Other
28.39%
BBEU
Financials
22.59%
Industrials
17.12%
Health Care
9.55%
Consumer Staples
8.31%
Information Techn.
8.07%
Other
34.36%
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Diversification
NORW
Total weight of top 15 holdings out of 15
75.48%
BBEU
Total weight of top 15 holdings out of 15
27.4%
Top 15 holdings
Data as of March 31, 2026
NORW
EQUINOR
15.16%
DNB BANK
11.55%
NO0013536151
7.75%
NORSK HYDRO
6.19%
AKER BP ASA
5.04%
MOWI ASA
4.53%
YARA INTL
4.09%
TELENOR
3.87%
ORKLA
3.71%
UNI STOREBRAND
3.19%
SUBSEA
2.90%
GJENSIDIGE
2.19%
SPAREBANK1 SRANK
1.90%
SCHIBSTED
1.74%
SALMAR
1.67%
BBEU
ASML HOLDING
4.11%
ASTRAZENECA
2.38%
NOVARTIS
2.30%
HSBC HOLDINGS
2.21%
CH1499059983
2.19%
SHELL PLC
2.13%
NESTLE SA
2.00%
TOTALENERGIES SE
1.45%
SIEMENS
1.40%
SAP SE
1.37%
BANCO SANTANDER SA
1.28%
ALLIANZ SE
1.24%
SCHNEIDER ELECTRIC SE
1.16%
IBERDROLA SA
1.09%
LVMH MOET HENNESSY LOUIS VUITT
1.09%
Frequently asked questions about NORW and BBEU
How have the NORW and BBEU ETFs performed in 2026?
As of May 13, 2026, NORW is up 27.32% year-to-date (YTD), while BBEU has returned 5.28%. That puts NORW better performer ahead so far this year.
Which ETF is attracting more investor money: NORW or BBEU?
Year-to-date, the NORW ETF saw +$76M in flows, compared to -$76M for BBEU.
Which ETF is more volatile: NORW or BBEU?
Over the past year, NORW had a volatility of 15.75%, while BBEU experienced 15.14%.
Which ETF is bigger: NORW or BBEU?
As of May 13, 2026, NORW holds $155.47 M in assets under management (AUM), while BBEU manages $9.00 B.
What sectors do the NORW and BBEU ETFs invest in?
NORW leans toward sectors like Energy, Financials and Consumer Staples. Meanwhile, BBEU focuses on Financials, Industrials and Health Care.
What are the top holdings of the NORW ETF and BBEU ETF?
NORW top holdings include EQUINOR, DNB BANK and NO0013536151. BBEU holds in its top three: ASML HOLDING, ASTRAZENECA and NOVARTIS.
Which ETF is more diversified: NORW or BBEU?
NORW holds 53 securities with 75.48% of its assets in the top 15. BBEU has 369 securities and a top 15 weight of 27.4%.
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Latest news about NORW & BBEU
The ETF Underdogs, Part 2: 5 More ETFs Under $50 Million AUM to Watch
January 10, 2025
NORW
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