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 Industrials. 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 29.17% year-to-date (YTD) with +$20M in YTD flows. BBEU performs worse with 9.07% YTD performance, and +$22M 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 11/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NORW BBEU | +1.72%+4.16% | +1.92%-2.99% | +29.17%+9.07% | +34.88%+12.23% | +83.17%+67.68% | +45.16%+54.99% |
| Flows | NORW BBEU | -$3M+$42M | +$812K+$28M | +$20M+$22M | +$22M+$57M | +$11M+$1.40B | -$13M-$1.34B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NORW BBEU | +14.44%+13.96% | +16.02%+16.38% | +18.19%+15.11% | +21.92%+17.39% |
| Max drawdown | NORW BBEU | -7.52%-8.06% | -13.77%-12.03% | -15.97%-13.97% | -33.23%-31.18% |
| Max drawdown duration | NORW BBEU | 50d78d | 91d126d | 48d44d | 1147d700d |
Trading data
NORW | BBEU | |
Last sale 11/13/2026 at 2:30 PM | $36.49 | $77.61 |
| Previous close 11/11/2026 | $36.36 | $77.45 |
| Consolidated volume 11/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 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 11/13/2026 at 2:30 PM
Live
Closed
NORW | BBEU | |
|---|---|---|
| Last price | $36.49 | $77.61 |
| 1D performance | +0.36% | +0.21% |
| AuM | $91.19 M | $9.24 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 | 59 | 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
89.24%
Other
10.76%
BBEU
United Kingdom
22.25%
Switzerland
14.7%
Germany
13.22%
France
13.19%
Netherlands
9.58%
Other
27.06%
Sectors
NORW
Energy
31.76%
Finance
25.06%
Industrials
12.97%
Consumer Non-Cycl.
11.43%
Non-Energy Materi.
8.76%
Other
10.02%
BBEU
Finance
26.69%
Industrials
16.52%
Healthcare
12.27%
Technology
9.7%
Consumer Non-Cycl.
8.77%
Other
26.06%
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Diversification
NORW
Total weight of top 15 holdings out of 15
70.6%
BBEU
Total weight of top 15 holdings out of 15
28.76%
Top 15 holdings
Data as of September 30, 2026
NORW
Equinor ASA
12.16%
DNB Bank ASA
11.59%
Kongsberg Gruppen ASA
6.19%
Aker BP ASA
4.98%
Norsk Hydro ASA
4.92%
Mowi ASA
4.10%
Telenor ASA
3.66%
Storebrand ASA
3.51%
Subsea 7 SA
3.38%
Frontline Plc
3.19%
Yara International ASA
3.11%
Orkla ASA
3.07%
Gjensidige Forsikring ASA
2.40%
Vår Energi ASA
2.20%
Sparebank 1 Sør-Norge ASA
2.14%
BBEU
ASML Holding NV
4.96%
HSBC Holdings Plc
2.56%
Roche Holding AG
2.24%
Shell Plc
2.06%
Novartis AG
2.05%
AstraZeneca PLC
1.92%
Nestlé SA
1.73%
Siemens AG
1.70%
Banco Santander SA
1.58%
SAP SE
1.51%
Allianz SE
1.37%
TotalEnergies SE
1.36%
Schneider Electric SE
1.34%
Rolls-Royce Holdings Plc
1.21%
Banco Bilbao Vizcaya Argentaria SA
1.19%
Frequently asked questions about NORW and BBEU
How have the NORW and BBEU ETFs performed in 2026?
As of November 11, 2026, NORW is up 29.17% year-to-date (YTD), while BBEU has returned 9.07%. 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 +$20M in flows, compared to +$22M for BBEU.
Which ETF is more volatile: NORW or BBEU?
Over the past year, NORW had a volatility of 16.02%, while BBEU experienced 16.38%.
Which ETF is bigger: NORW or BBEU?
As of November 11, 2026, NORW holds $91.19 M in assets under management (AUM), while BBEU manages $9.24 B.
What sectors do the NORW and BBEU ETFs invest in?
NORW leans toward sectors like Energy, Finance and Industrials. 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 Kongsberg Gruppen ASA. BBEU holds in its top three: ASML Holding NV, HSBC Holdings Plc and Roche Holding AG.
Which ETF is more diversified: NORW or BBEU?
NORW holds 59 securities with 70.6% of its assets in the top 15. BBEU has 352 securities and a top 15 weight of 28.76%.
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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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