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NORWvsHEDJETF Comparison
Global X MSCI Norway ETF (NORW) and WisdomTree Europe Hedged Equity Fund (HEDJ) belong to the same industry segment: Europe Blended Cap. NORW's top 3 sector exposures are Financials, Energy and Consumer Staples. In contrast, HEDJ's top sector exposures are Industrials, Financials and Consumer Discretionary. NORW is less expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.58% for HEDJ. NORW is up 19.16% year-to-date (YTD) with +$53M in YTD flows. HEDJ performs worse with -0.58% YTD performance, and -$25M in YTD flows. Run a side-by-side ETF comparison of NORW and HEDJ 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 HEDJ performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NORW HEDJ | +3.05%-4.51% | +23.38%+0.77% | +19.16%-0.58% | +42.93%+11.18% | +71.45%+47.61% | +53.40%+72.34% |
| Flows | NORW HEDJ | +$49M-$6M | +$53M-$30M | +$53M-$25M | +$55M-$61M | +$27M-$43M | +$97M-$716M |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NORW HEDJ | +16.49%+15.22% | +19.26%+15.83% | +19.93%+14.06% | +21.92%+15.69% |
| Max drawdown | NORW HEDJ | -2.12%-7.78% | -15.97%-15.41% | -15.97%-15.72% | -33.23%-22.44% |
| Max drawdown duration | NORW HEDJ | 5d15d | 48d57d | 48d74d | 1147d406d |
NORW | HEDJ | |
Last sale 3/13/2026 at 1:30 PM | $35.62 | $52.25 |
| Previous close 03/12/2026 | $36.13 | $52.62 |
| Consolidated volume 03/12/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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NORW | HEDJ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
NORW | HEDJ | |
|---|---|---|
| Last price | $35.62 | $52.25 |
| 1D performance | -1.41% | -0.70% |
| AuM | $122.60 M | $1.75 B |
| E/R | 0.5% | 0.58% |
NORW | HEDJ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Global X | WisdomTree |
| Benchmark | MSCI Norway IMI 25/50 Index | WisdomTree Europe Equity Index |
| N° of holdings | 50 | 126 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 17, 2009 | December 31, 2009 |
| ESG | No | No |
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 HEDJ ETFs performed in 2026?
As of March 12, 2026, NORW is up 19.16% year-to-date (YTD), while HEDJ has lost -0.58%. That puts NORW better performer ahead so far this year.
Which ETF is attracting more investor money: NORW or HEDJ?
Year-to-date, the NORW ETF saw +$53M in flows, compared to -$25M for HEDJ.
Which ETF is more volatile: NORW or HEDJ?
Over the past year, NORW had a volatility of 19.26%, while HEDJ experienced 15.83%.
Which ETF is bigger: NORW or HEDJ?
As of March 12, 2026, NORW holds $122.60 M in assets under management (AUM), while HEDJ manages $1.75 B.
What sectors do the NORW and HEDJ ETFs invest in?
NORW leans toward sectors like Financials, Energy and Consumer Staples. Meanwhile, HEDJ focuses on Industrials, Financials and Consumer Discretionary.
What are the top holdings of the NORW ETF and HEDJ ETF?
NORW top holdings include DNB BANK, EQUINOR and NO0013536151. HEDJ holds in its top three: BBVA, BANCO SANTANDER SA and ASML HOLDING.
Which ETF is more diversified: NORW or HEDJ?
NORW holds 53 securities with 73.88% of its assets in the top 15. HEDJ has 139 securities and a top 15 weight of 51.65%.
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