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NORWvsFEZETF Comparison
Global X MSCI Norway ETF (NORW) and SPDR EURO STOXX 50 ETF (FEZ) belong to the same industry segment: Europe Blended Cap. NORW's top 3 sector exposures are Financials, Energy and Consumer Staples. In contrast, FEZ's top sector exposures are Industrials, Financials and Information Technology. NORW is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.29% for FEZ. NORW is up 18.1% year-to-date (YTD) with +$44M in YTD flows. FEZ performs worse with -1.34% YTD performance, and +$1M in YTD flows. Run a side-by-side ETF comparison of NORW and FEZ 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 FEZ performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NORW FEZ | +3.00%-6.29% | +21.49%-0.77% | +18.10%-1.34% | +41.96%+18.47% | +69.92%+65.17% | +51.34%+65.63% |
| Flows | NORW FEZ | +$40M-$141M | +$44M+$137M | +$44M+$1M | +$45M+$90M | +$17M+$1.38B | +$87M+$1.81B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NORW FEZ | +16.58%+19.22% | +19.24%+18.65% | +19.94%+17.65% | +21.92%+20.40% |
| Max drawdown | NORW FEZ | -2.12%-9.54% | -15.97%-15.03% | -15.97%-15.03% | -33.23%-34.74% |
| Max drawdown duration | NORW FEZ | 5d14d | 48d44d | 48d44d | 1147d584d |
NORW | FEZ | |
Last sale 3/11/2026 at 1:30 PM | $35.70 | $63.87 |
| Previous close 03/11/2026 | $35.36 | $63.82 |
| Consolidated volume 03/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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NORW | FEZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
NORW | FEZ | |
|---|---|---|
| Last price | $35.70 | $63.87 |
| 1D performance | +0.96% | +0.08% |
| AuM | $112.28 M | $4.95 B |
| E/R | 0.5% | 0.29% |
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 FEZ ETFs performed in 2026?
As of March 11, 2026, NORW is up 18.1% year-to-date (YTD), while FEZ has lost -1.34%. That puts NORW better performer ahead so far this year.
Which ETF is attracting more investor money: NORW or FEZ?
Year-to-date, the NORW ETF saw +$44M in flows, compared to +$1M for FEZ.
Which ETF is more volatile: NORW or FEZ?
Over the past year, NORW had a volatility of 19.24%, while FEZ experienced 18.65%.
Which ETF is bigger: NORW or FEZ?
As of March 11, 2026, NORW holds $112.28 M in assets under management (AUM), while FEZ manages $4.95 B.
What sectors do the NORW and FEZ ETFs invest in?
NORW leans toward sectors like Financials, Energy and Consumer Staples. Meanwhile, FEZ focuses on Industrials, Financials and Information Technology.
What are the top holdings of the NORW ETF and FEZ ETF?
NORW top holdings include DNB BANK, EQUINOR and NO0013536151. FEZ holds in its top three: ASML HOLDING, SIEMENS and SAP SE.
Which ETF is more diversified: NORW or FEZ?
NORW holds 53 securities with 73.88% of its assets in the top 15. FEZ has 48 securities and a top 15 weight of 51.93%.
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