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NORWvsIEURETF Comparison
Global X MSCI Norway ETF (NORW) and iShares Core MSCI Europe ETF (IEUR) belong to the same industry segment: Europe Blended Cap. NORW's top 3 sector exposures are Financials, Energy and Consumer Staples. In contrast, IEUR's top sector exposures are Financials, Industrials and Health Care. NORW is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.1% for IEUR. NORW is up 18.1% year-to-date (YTD) with +$44M in YTD flows. IEUR performs worse with 1.27% YTD performance, and +$1.50B in YTD flows. Run a side-by-side ETF comparison of NORW and IEUR 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 IEUR performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NORW IEUR | +3.00%-5.11% | +21.49%+2.58% | +18.10%+1.27% | +41.96%+22.18% | +69.92%+58.95% | +51.34%+55.18% |
| Flows | NORW IEUR | +$40M+$1.39B | +$44M+$1.57B | +$44M+$1.50B | +$45M+$2.91B | +$17M+$2.66B | +$87M+$3.24B |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NORW IEUR | +16.58%+14.17% | +19.24%+15.99% | +19.94%+14.47% | +21.92%+16.94% |
| Max drawdown | NORW IEUR | -2.12%-6.62% | -15.97%-13.88% | -15.97%-13.88% | -33.23%-32.66% |
| Max drawdown duration | NORW IEUR | 5d14d | 48d44d | 48d44d | 1147d902d |
NORW | IEUR | |
Last sale 3/11/2026 at 1:30 PM | $35.70 | $71.87 |
| Previous close 03/11/2026 | $35.36 | $71.93 |
| 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 | IEUR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
NORW | IEUR | |
|---|---|---|
| Last price | $35.70 | $71.87 |
| 1D performance | +0.96% | -0.08% |
| AuM | $112.28 M | $8.61 B |
| E/R | 0.5% | 0.1% |
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 IEUR ETFs performed in 2026?
As of March 11, 2026, NORW is up 18.1% year-to-date (YTD), while IEUR has returned 1.27%. That puts NORW better performer ahead so far this year.
Which ETF is attracting more investor money: NORW or IEUR?
Year-to-date, the NORW ETF saw +$44M in flows, compared to +$1.50B for IEUR.
Which ETF is more volatile: NORW or IEUR?
Over the past year, NORW had a volatility of 19.24%, while IEUR experienced 15.99%.
Which ETF is bigger: NORW or IEUR?
As of March 11, 2026, NORW holds $112.28 M in assets under management (AUM), while IEUR manages $8.61 B.
What sectors do the NORW and IEUR ETFs invest in?
NORW leans toward sectors like Financials, Energy and Consumer Staples. Meanwhile, IEUR focuses on Financials, Industrials and Health Care.
What are the top holdings of the NORW ETF and IEUR ETF?
NORW top holdings include DNB BANK, EQUINOR and NO0013536151. IEUR holds in its top three: ASML HOLDING, ROCHE and HSBC HOLDINGS.
Which ETF is more diversified: NORW or IEUR?
NORW holds 53 securities with 73.88% of its assets in the top 15. IEUR has 989 securities and a top 15 weight of 23.17%.
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