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NORWvsEUFNETF Comparison

ETF 1
NORW

Global X MSCI Norway ETF

This fund is part of
Europe Blended Cap
-1.59%
Full NORW fund page
VS
ETF 2
EUFN

iShares MSCI Europe Financials ETF

This fund is part of
Europe Blended Cap
-1.59%
Full EUFN fund page

Global X MSCI Norway ETF (NORW) and iShares MSCI Europe Financials ETF (EUFN) belong to the same industry segment: Europe Blended Cap. NORW's top 3 sector exposures are Financials, Energy and Consumer Staples. In contrast, EUFN's top sector exposures are Financials, Information Technology  NORW is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.49% for EUFN. NORW is up 19.16% year-to-date (YTD) with +$53M in YTD flows. EUFN performs worse with -7.61% YTD performance, and -$634M in YTD flows. Run a side-by-side ETF comparison of NORW and EUFN 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 EUFN performance and flow charts

Performance

-8.0-6.0-4.0-2.00.02.04.0%Feb 12Feb 20Feb 27Mar 6

Cumulative Flows

-800 M-600 M-400 M-200 M0 MFeb 12Feb 20Feb 27Mar 6

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

Historic performance and flows
Data as of 03/12/2026
1M3MYTD1Y3Y5Y
Perf.
NORW
EUFN
+3.05%-7.92%
+23.38%-3.67%
+19.16%-7.61%
+42.93%+25.98%
+71.45%+115.41%
+53.40%+121.42%
Flows
NORW
EUFN
+$49M-$737M
+$53M-$536M
+$53M-$634M
+$55M+$216M
+$27M+$661M
+$97M+$1.20B
Volatility and drawdown
3M1Y3Y5Y
Volatility
NORW
EUFN
+16.49%+20.62%
+19.26%+20.12%
+19.93%+17.90%
+21.92%+20.74%
Max drawdown
NORW
EUFN
-2.12%-11.81%
-15.97%-15.30%
-15.97%-15.30%
-33.23%-34.97%
Max drawdown duration
NORW
EUFN
5d38d
48d36d
48d36d
1147d531d
Trading data

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NORW
EUFN
Last sale
3/13/2026 at 1:30 PM
$35.62
$33.67
Previous close
03/12/2026
$36.13
$34.20
Consolidated volume
03/12/2026
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
EUFN
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/13/2026 at 1:30 PM
Live
Closed
NORW
EUFN
Last price
$35.62
$33.67
1D performance
-1.41%
-1.55%
AuM$122.60 M$3.67 B
E/R0.5%0.49%
Characteristics
NORW
EUFN
Management strategyPassivePassive
ProviderGlobal XiShares
BenchmarkMSCI Norway IMI 25/50 IndexMSCI Europe Financials Index
N° of holdings5080
Asset classEquitiesEquities
Trailing 12m distribution yield
Join
Join
Inception dateAugust 17, 2009January 20, 2010
ESGNoNo
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Exposure

Countries

NORW
Norway
90.45%
Other
9.55%
EUFN
United Kingdom
24.04%
Germany
12.3%
Spain
12.08%
Switzerland
11.82%
Italy
10.32%
France
8.15%
Other
21.29%

Sectors

NORW
Financials
24.62%
Energy
21.1%
Consumer Staples
13.67%
Materials
10.72%
Other
29.89%
EUFN
Financials
94.1%
Other
5.9%
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Diversification

NORW

Total weight of top 15 holdings out of 15

73.88%
EUFN

Total weight of top 15 holdings out of 15

54.7%

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%
EUFN
HSBC HOLDINGS
8.73%
BANCO SANTANDER SA
5.47%
ALLIANZ SE
4.94%
UBS GROUP AG
4.39%
BBVA
4.19%
UNICREDIT SPA
3.51%
BNP PARIBAS
3.13%
ZURICH INSURANCE
3.03%
INTESA SANPAOLO
2.88%
BARCLAYS
2.67%
ING GROEP
2.58%
LLOYDS TSB GRP
2.49%
MUNICH RE
2.31%
AXA
2.29%
GB00BM8PJY71
2.09%
Frequently asked questions about NORW and EUFN

How have the NORW and EUFN ETFs performed in 2026?

As of March 12, 2026, NORW is up 19.16% year-to-date (YTD), while EUFN has lost -7.61%. That puts NORW better performer ahead so far this year.

Which ETF is attracting more investor money: NORW or EUFN?

Year-to-date, the NORW ETF saw +$53M in flows, compared to -$634M for EUFN.

Which ETF is more volatile: NORW or EUFN?

Over the past year, NORW had a volatility of 19.26%, while EUFN experienced 20.12%.

Which ETF is bigger: NORW or EUFN?

As of March 12, 2026, NORW holds $122.60 M in assets under management (AUM), while EUFN manages $3.67 B.

What sectors do the NORW and EUFN ETFs invest in?

NORW leans toward sectors like Financials, Energy and Consumer Staples. Meanwhile, EUFN focuses on Financials.

What are the top holdings of the NORW ETF and EUFN ETF?

NORW top holdings include DNB BANK, EQUINOR and NO0013536151. EUFN holds in its top three: HSBC HOLDINGS, BANCO SANTANDER SA and ALLIANZ SE.

Which ETF is more diversified: NORW or EUFN?

NORW holds 53 securities with 73.88% of its assets in the top 15. EUFN has 86 securities and a top 15 weight of 54.7%.

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