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NORWvsEZUETF Comparison
Global X MSCI Norway ETF (NORW) and iShares MSCI Eurozone ETF (EZU) belong to the same industry segment: Europe Blended Cap. NORW's top 3 sector exposures are Financials, Energy and Consumer Staples. In contrast, EZU's top sector exposures are Financials, Industrials and Information Technology. Both NORW and EZU have the same Total Expense Ratio (TER) of 0.5%. NORW is up 18.78% year-to-date (YTD) with +$51M in YTD flows. EZU performs worse with -3.01% YTD performance, and +$652M in YTD flows. Run a side-by-side ETF comparison of NORW and EZU 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 EZU performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NORW EZU | +4.20%-7.65% | +22.47%-2.29% | +18.78%-3.01% | +41.12%+18.95% | +70.90%+58.98% | +53.07%+54.22% |
| Flows | NORW EZU | +$47M+$229M | +$51M+$887M | +$51M+$652M | +$52M-$368M | +$24M-$617M | +$93M+$2.33B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NORW EZU | +16.55%+16.13% | +19.25%+17.52% | +19.92%+16.04% | +21.92%+19.07% |
| Max drawdown | NORW EZU | -2.12%-10.18% | -15.97%-14.55% | -15.97%-14.68% | -33.23%-36.27% |
| Max drawdown duration | NORW EZU | 5d16d | 48d44d | 48d153d | 1147d901d |
NORW | EZU | |
Last sale 3/13/2026 at 1:30 PM | $35.70 | $62.17 |
| Previous close 03/12/2026 | $36.13 | $62.99 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Create an account to view replication metrics
NORW | EZU | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
NORW | EZU | |
|---|---|---|
| Last price | $35.70 | $62.17 |
| 1D performance | -1.19% | -1.30% |
| AuM | $119.71 M | $9.25 B |
| E/R | 0.5% | 0.5% |
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 EZU ETFs performed in 2026?
As of March 13, 2026, NORW is up 18.78% year-to-date (YTD), while EZU has lost -3.01%. That puts NORW better performer ahead so far this year.
Which ETF is attracting more investor money: NORW or EZU?
Year-to-date, the NORW ETF saw +$51M in flows, compared to +$652M for EZU.
Which ETF is more volatile: NORW or EZU?
Over the past year, NORW had a volatility of 19.25%, while EZU experienced 17.52%.
Which ETF is bigger: NORW or EZU?
As of March 13, 2026, NORW holds $119.71 M in assets under management (AUM), while EZU manages $9.25 B.
What sectors do the NORW and EZU ETFs invest in?
NORW leans toward sectors like Financials, Energy and Consumer Staples. Meanwhile, EZU focuses on Financials, Industrials and Information Technology.
What are the top holdings of the NORW ETF and EZU ETF?
NORW top holdings include DNB BANK, EQUINOR and NO0013536151. EZU holds in its top three: ASML HOLDING, SIEMENS and SAP SE.
Which ETF is more diversified: NORW or EZU?
NORW holds 53 securities with 73.88% of its assets in the top 15. EZU has 227 securities and a top 15 weight of 36.02%.
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