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NORWvsBBEUETF Comparison

ETF 1
NORW

Global X MSCI Norway ETF

This fund is part of
Europe Blended Cap
-0.16%
Full NORW fund page
VS
ETF 2
BBEU

JPMorgan BetaBuilders Europe ETF

This fund is part of
Europe Blended Cap
-0.16%
Full BBEU fund page

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 Financials, Energy 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 18.1% year-to-date (YTD) with +$44M in YTD flows. BBEU performs worse with 1.43% YTD performance, and - 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

-6.0-4.0-2.00.02.04.0%Feb 11Feb 19Feb 26Mar 5

Cumulative Flows

010,000,00020,000,00030,000,00040,000,000Feb 11Feb 19Feb 26Mar 5

Get all the metrics on this page, and more, through a reliable ETF data feed

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 03/11/2026
1M3MYTD1Y3Y5Y
Perf.
NORW
BBEU
+3.00%-5.12%
+21.49%+2.72%
+18.10%+1.43%
+41.96%+22.22%
+69.92%+61.51%
+51.34%+60.47%
Flows
NORW
BBEU
+$40M-
+$44M-
+$44M-
+$45M+$3.72B
+$17M-$2.35B
+$87M+$3.29B
Volatility and drawdown
3M1Y3Y5Y
Volatility
NORW
BBEU
+16.58%+14.24%
+19.24%+16.08%
+19.94%+14.40%
+21.92%+16.83%
Max drawdown
NORW
BBEU
-2.12%-6.91%
-15.97%-13.97%
-15.97%-13.97%
-33.23%-31.18%
Max drawdown duration
NORW
BBEU
5d14d
48d44d
48d44d
1147d700d
Trading data

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NORW
BBEU
Last sale
3/11/2026 at 1:30 PM
$35.70
$74.19
Previous close
03/11/2026
$35.36
$74.31
Consolidated volume
03/11/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 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
Main metrics
Last update 3/11/2026 at 1:30 PM
Live
Closed
NORW
BBEU
Last price
$35.70
$74.19
1D performance
+0.96%
-0.16%
AuM$112.28 M$8.78 B
E/R0.5%0.09%
Characteristics
NORW
BBEU
Management strategyPassivePassive
ProviderGlobal XJ.P. Morgan Asset Management
BenchmarkMSCI Norway IMI 25/50 IndexMorningstar Developed Europe Target Market Exposure Index
N° of holdings50334
Asset classEquitiesEquities
Trailing 12m distribution yield
Join
Join
Inception dateAugust 17, 2009June 18, 2018
ESGNoNo
Exposure

Countries

NORW
Norway
90.45%
Other
9.55%
BBEU
United Kingdom
22.42%
Switzerland
14.22%
France
14%
Germany
13.7%
Netherlands
9.55%
Other
26.11%

Sectors

NORW
Financials
24.62%
Energy
21.1%
Consumer Staples
13.67%
Materials
10.72%
Other
29.89%
BBEU
Financials
23.7%
Industrials
17.79%
Health Care
11.35%
Information Techn.
8.56%
Consumer Staples
8.09%
Consumer Discreti.
7.66%
Other
22.86%

Diversification

NORW

Total weight of top 15 holdings out of 15

73.88%
BBEU

Total weight of top 15 holdings out of 15

27.13%

Top 15 holdings

Data as of January 31, 2026
NORW
DNB BANK
12.41%
EQUINOR
10.65%
NO0013536151
7.20%
NORSK HYDRO
6.21%
MOWI ASA
5.22%
TELENOR
4.57%
AKER BP ASA
4.47%
ORKLA
4.04%
YARA INTL
3.74%
UNI STOREBRAND
3.59%
GJENSIDIGE
2.77%
SUBSEA
2.76%
SCHIBSTED
2.28%
SPAREBANK1 SRANK
2.00%
SALMAR
1.95%
BBEU
ASML HOLDING
4.10%
ROCHE
2.28%
HSBC HOLDINGS
2.21%
ASTRAZENECA
2.14%
NOVARTIS
2.05%
NESTLE SA
1.78%
SAP SE
1.74%
SIEMENS
1.63%
SHELL PLC
1.57%
DK0062498333
1.46%
BANCO SANTANDER SA
1.39%
LVMH MOET HENNESSY LOUIS VUITT
1.30%
ALLIANZ SE
1.23%
SCHNEIDER ELECTRIC SE
1.12%
UBS GROUP AG
1.12%
Frequently asked questions about NORW and BBEU

How have the NORW and BBEU ETFs performed in 2026?

As of March 11, 2026, NORW is up 18.1% year-to-date (YTD), while BBEU has returned 1.43%. 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 +$44M in flows, compared to - for BBEU.

Which ETF is more volatile: NORW or BBEU?

Over the past year, NORW had a volatility of 19.24%, while BBEU experienced 16.08%.

Which ETF is bigger: NORW or BBEU?

As of March 11, 2026, NORW holds $112.28 M in assets under management (AUM), while BBEU manages $8.78 B.

What sectors do the NORW and BBEU ETFs invest in?

NORW leans toward sectors like Financials, Energy 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 DNB BANK, EQUINOR and NO0013536151. BBEU holds in its top three: ASML HOLDING, ROCHE and HSBC HOLDINGS.

Which ETF is more diversified: NORW or BBEU?

NORW holds 53 securities with 73.88% of its assets in the top 15. BBEU has 368 securities and a top 15 weight of 27.13%.

Latest news about NORW & BBEU
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