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NORWvsENORETF Comparison
The ETFs Global X MSCI Norway ETF (NORW) and iShares MSCI Norway ETF (ENOR) track the MSCI Norway IMI 25/50 Net Total Return Index - USD and belong to the same industry segment: Europe Blended Cap. Both ETFs have the same top 3 sector exposures: Financials, Energy and Consumer Staples. NORW is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.53% for ENOR. NORW is up 18.18% year-to-date (YTD) with +$41M in YTD flows. ENOR performs better with 18.24% YTD performance, and +$15M in YTD flows. Run a side-by-side ETF comparison of NORW and ENOR below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
NORW vs ENOR performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NORW ENOR | +3.16%+2.87% | +23.45%+22.20% | +18.18%+18.24% | +42.05%+42.75% | +66.22%+67.91% | +53.87%+49.01% |
| Flows | NORW ENOR | +$37M+$10M | +$41M+$15M | +$41M+$15M | +$42M+$21M | +$14M+$14M | +$84M+$24M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NORW ENOR | +16.74%+16.74% | +19.24%+18.28% | +19.99%+18.42% | +21.93%+21.36% |
| Max drawdown | NORW ENOR | -2.12%-2.10% | -15.97%-14.91% | -15.97%-14.91% | -33.23%-32.63% |
| Max drawdown duration | NORW ENOR | 5d7d | 48d54d | 48d54d | 1147d1149d |
NORW | ENOR | |
Last sale 3/11/2026 at 1:30 PM | $35.70 | $34.85 |
| Previous close 03/10/2026 | $35.36 | $34.03 |
| Consolidated volume 03/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
NORW | ENOR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
NORW | ENOR | |
|---|---|---|
| Last price | $35.70 | $34.85 |
| 1D performance | +0.96% | +2.41% |
| AuM | $109.17 M | $64.67 M |
| E/R | 0.5% | 0.53% |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the NORW and ENOR ETFs performed in 2026?
As of March 10, 2026, NORW is up 18.18% year-to-date (YTD), while ENOR has returned 18.24%. That puts ENOR better performer ahead so far this year.
Which ETF is attracting more investor money: NORW or ENOR?
Year-to-date, the NORW ETF saw +$41M in flows, compared to +$15M for ENOR.
Which ETF is more volatile: NORW or ENOR?
Over the past year, NORW had a volatility of 19.24%, while ENOR experienced 18.28%.
Which ETF is bigger: NORW or ENOR?
As of March 10, 2026, NORW holds $109.17 M in assets under management (AUM), while ENOR manages $64.67 M.
What sectors do the NORW and ENOR ETFs invest in?
NORW leans toward sectors like Financials, Energy and Consumer Staples. Meanwhile, ENOR focuses on Financials, Energy and Consumer Staples.
What are the top holdings of the NORW ETF and ENOR ETF?
NORW top holdings include DNB BANK, EQUINOR and NO0013536151. ENOR holds in its top three: DNB BANK, EQUINOR and NO0013536151.
Which ETF is more diversified: NORW or ENOR?
NORW holds 53 securities with 73.88% of its assets in the top 15. ENOR has 57 securities and a top 15 weight of 73.87%.
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