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, Finance and Consumer Non-Cyclicals. In contrast, BBEU's top sector exposures are Finance, Industrials and Healthcare. NORW is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.09% for BBEU. NORW is up 13.49% year-to-date (YTD) with +$26M in YTD flows. BBEU performs worse with 6.43% YTD performance, and -$57M 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 06/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NORW BBEU | -10.98%+0.03% | -7.95%+10.48% | +13.49%+6.43% | +18.68%+16.60% | +64.72%+55.93% | +35.06%+57.03% |
| Flows | NORW BBEU | -$56M+$19M | -$50M-$57M | +$26M-$57M | +$24M+$3.52B | +$16M-$587M | +$65M-$673M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NORW BBEU | +15.59%+20.46% | +15.96%+15.97% | +18.99%+15.16% | +21.98%+17.36% |
| Max drawdown | NORW BBEU | -13.77%-4.17% | -13.77%-12.03% | -15.97%-13.97% | -33.23%-31.18% |
| Max drawdown duration | NORW BBEU | 40d33d | 40d125d | 48d44d | 1147d700d |
Trading data
NORW | BBEU | |
Last sale 7/1/2026 at 1:30 PM | $31.75 | $76.98 |
| Previous close 06/30/2026 | $31.93 | $77.77 |
| 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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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 7/1/2026 at 1:30 PM
Live
Closed
NORW | BBEU | |
|---|---|---|
| Last price | $31.75 | $76.98 |
| 1D performance | -0.56% | -1.02% |
| AuM | $86.51 M | $9.11 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 | 57 | 344 |
| 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
89.3%
Other
10.7%
BBEU
United Kingdom
22.03%
Switzerland
15.05%
France
13.59%
Germany
13.58%
Netherlands
9.15%
Other
26.61%
Sectors
NORW
Energy
26.76%
Finance
23.6%
Consumer Non-Cycl.
11.93%
Industrials
11.4%
Non-Energy Materi.
11.16%
Other
15.15%
BBEU
Finance
24.65%
Industrials
16.73%
Healthcare
12.63%
Technology
9.77%
Consumer Non-Cycl.
9.26%
Other
26.96%
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Diversification
NORW
Total weight of top 15 holdings out of 15
70.28%
BBEU
Total weight of top 15 holdings out of 15
27.61%
Top 15 holdings
Data as of May 31, 2026
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%
BBEU
ASML Holding NV
4.56%
HSBC Holdings Plc
2.41%
AstraZeneca PLC
2.14%
Roche Holding AG
2.13%
Novartis AG
2.13%
Nestlé SA
1.95%
Shell Plc
1.75%
Siemens AG
1.72%
Banco Santander SA
1.36%
SAP SE
1.32%
Allianz SE
1.27%
TotalEnergies SE
1.26%
Schneider Electric SE
1.25%
ABB Ltd.
1.23%
Siemens Energy AG
1.15%
Frequently asked questions about NORW and BBEU
How have the NORW and BBEU ETFs performed in 2026?
As of June 30, 2026, NORW is up 13.49% year-to-date (YTD), while BBEU has returned 6.43%. 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 +$26M in flows, compared to -$57M for BBEU.
Which ETF is more volatile: NORW or BBEU?
Over the past year, NORW had a volatility of 15.96%, while BBEU experienced 15.97%.
Which ETF is bigger: NORW or BBEU?
As of June 30, 2026, NORW holds $86.51 M in assets under management (AUM), while BBEU manages $9.11 B.
What sectors do the NORW and BBEU ETFs invest in?
NORW leans toward sectors like Energy, Finance and Consumer Non-Cyclicals. Meanwhile, BBEU focuses on Finance, Industrials and Healthcare.
What are the top holdings of the NORW ETF and BBEU ETF?
NORW top holdings include Equinor ASA, DNB Bank ASA and Norsk Hydro ASA. BBEU holds in its top three: ASML Holding NV, HSBC Holdings Plc and AstraZeneca PLC.
Which ETF is more diversified: NORW or BBEU?
NORW holds 57 securities with 70.28% of its assets in the top 15. BBEU has 366 securities and a top 15 weight of 27.61%.
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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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