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NORWvsVGKETF Comparison

ETF 1

NORW

Global X MSCI Norway ETF

This fund is part of

Europe Blended Cap

+0.46%

Full NORW fund page

VS

ETF 2

VGK

Vanguard FTSE Europe ETF

This fund is part of

Europe Blended Cap

+0.46%

Full VGK fund page

Global X MSCI Norway ETF (NORW) and Vanguard FTSE Europe ETF (VGK) belong to the same industry segment: Europe Blended Cap. NORW's top 3 sector exposures are Energy, Financials and Consumer Staples. In contrast, VGK's top sector exposures are Financials, Industrials and Health Care. NORW is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.06% for VGK. NORW is up 27.32% year-to-date (YTD) with +$76M in YTD flows. VGK performs worse with 5.43% YTD performance, and -$828M in YTD flows. Run a side-by-side ETF comparison of NORW and VGK 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 VGK performance and flow charts

Performance

Cumulative Flows

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

Data Services

Historic performance and flows

Data as of 05/13/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	NORW VGK	-0.64%-0.33%	+11.69%-0.58%	+27.32%+5.43%	+44.59%+21.29%	+82.11%+53.86%	+56.50%+55.02%
Flows	NORW VGK	-$32M-$856M	+$72M-$1.36B	+$76M-$828M	+$77M+$1.12B	+$65M+$2.95B	+$116M+$6.65B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	NORW VGK	+18.36%+21.93%	+15.75%+15.03%	+19.27%+14.91%	+21.94%+17.61%
Max drawdown	NORW VGK	-4.29%-11.95%	-9.34%-11.95%	-15.97%-13.95%	-33.23%-32.68%
Max drawdown duration	NORW VGK	11d77d	115d77d	48d44d	1147d902d

Trading data

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	NORW	VGK
Last sale 5/14/2026 at 3:32 PM	$38.50	$87.57
Previous close 05/13/2026	$38.52	$87.60
Consolidated volume 05/13/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 30, 2026

1-year trailing difference

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	NORW	VGK
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 5/14/2026 at 3:32 PM

Live

Closed

	NORW	VGK
Last price	$38.50	$87.57
1D performance	-0.06%	-0.03%
AuM	$155.47 M	$29.88 B
E/R	0.5%	0.06%

Characteristics

	NORW	VGK
Management strategy	Passive	Passive
Provider	Global X	Vanguard
Benchmark	MSCI Norway IMI 25/50 Index	FTSE Developed Europe All Cap Index
N° of holdings	50	1085
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	August 17, 2009	March 4, 2005
ESG	No	No

More NORW data on Trackinsight

More VGK data on Trackinsight

Exposure

Countries

NORW

Norway

90.52%

Other

9.48%

VGK

United Kingdom

22.27%

Switzerland

14.11%

Germany

13.6%

France

13.44%

Netherlands

8.74%

Other

27.83%

Sectors

NORW

Energy

26.59%

Financials

22.12%

Consumer Staples

12.05%

Materials

10.85%

Other

28.39%

VGK

Financials

21.79%

Industrials

17.66%

Health Care

8.83%

Information Techn.

7.67%

Other

44.05%

Diversification

NORW

Total weight of top 15 holdings out of 15

75.48%

VGK

Total weight of top 15 holdings out of 15

23.28%

Top 15 holdings

Data as of March 31, 2026

NORW

EQUINOR

15.16%

DNB BANK

11.55%

NO0013536151

7.75%

NORSK HYDRO

6.19%

AKER BP ASA

5.04%

MOWI ASA

4.53%

YARA INTL

4.09%

TELENOR

3.87%

ORKLA

3.71%

UNI STOREBRAND

3.19%

SUBSEA

2.90%

GJENSIDIGE

2.19%

SPAREBANK1 SRANK

1.90%

SCHIBSTED

1.74%

SALMAR

1.67%

VGK

ASML HOLDING

3.47%

NOVARTIS

1.98%

ASTRAZENECA

1.97%

HSBC HOLDINGS

1.89%

CH1499059983

1.88%

SHELL PLC

1.77%

NESTLE SA

1.70%

SIEMENS

1.20%

SAP SE

1.18%

TOTALENERGIES SE

1.12%

BANCO SANTANDER SA

1.10%

ALLIANZ SE

1.08%

IBERDROLA SA

1.01%

SCHNEIDER ELECTRIC SE

0.99%

LVMH MOET HENNESSY LOUIS VUITT

0.94%

Frequently asked questions about NORW and VGK

NORWvsVGKETF Comparison

Global X MSCI Norway ETF

Vanguard FTSE Europe ETF

NORW vs VGK performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the NORW and VGK ETFs performed in 2026?

As of May 13, 2026, NORW is up 27.32% year-to-date (YTD), while VGK has returned 5.43%. That puts NORW better performer ahead so far this year.

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

Year-to-date, the NORW ETF saw +$76M in flows, compared to -$828M for VGK.

Which ETF is more volatile: NORW or VGK?

Over the past year, NORW had a volatility of 15.75%, while VGK experienced 15.03%.

Which ETF is bigger: NORW or VGK?

As of May 13, 2026, NORW holds $155.47 M in assets under management (AUM), while VGK manages $29.88 B.

What sectors do the NORW and VGK ETFs invest in?

NORW leans toward sectors like Energy, Financials and Consumer Staples. Meanwhile, VGK focuses on Financials, Industrials and Health Care.

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

NORW top holdings include EQUINOR, DNB BANK and NO0013536151. VGK holds in its top three: ASML HOLDING, NOVARTIS and ASTRAZENECA.

Which ETF is more diversified: NORW or VGK?

NORW holds 53 securities with 75.48% of its assets in the top 15. VGK has 1224 securities and a top 15 weight of 23.28%.

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