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NORWvsVGKETF Comparison

ETF 1
NORW

Global X MSCI Norway ETF

This fund is part of
Europe Blended Cap
-0.16%
Full NORW fund page
VS
ETF 2
VGK

Vanguard FTSE Europe ETF

This fund is part of
Europe Blended Cap
-0.16%
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 Financials, Energy 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 18.1% year-to-date (YTD) with +$44M in YTD flows. VGK performs worse with 1.27% YTD performance, and +$1.02B 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

-6.0-4.0-2.00.02.04.0%Feb 11Feb 19Feb 26Mar 5

Cumulative Flows

0 M100 M200 M300 M400 M500 MFeb 11Feb 19Feb 26Mar 5

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

Historic performance and flows
Data as of 03/11/2026
1M3MYTD1Y3Y5Y
Perf.
NORW
VGK
+3.00%-5.25%
+21.49%+2.66%
+18.10%+1.27%
+41.96%+22.49%
+69.92%+60.48%
+51.34%+56.53%
Flows
NORW
VGK
+$40M+$495M
+$44M+$1.26B
+$44M+$1.02B
+$45M+$5.85B
+$17M+$5.85B
+$87M+$9.59B
Volatility and drawdown
3M1Y3Y5Y
Volatility
NORW
VGK
+16.58%+14.05%
+19.24%+15.98%
+19.94%+14.42%
+21.92%+17.28%
Max drawdown
NORW
VGK
-2.12%-6.78%
-15.97%-13.95%
-15.97%-13.95%
-33.23%-32.68%
Max drawdown duration
NORW
VGK
5d14d
48d44d
48d44d
1147d902d
Trading data

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NORW
VGK
Last sale
3/11/2026 at 1:30 PM
$35.70
$84.53
Previous close
03/11/2026
$35.36
$84.67
Consolidated volume
03/11/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 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
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Main metrics
Last update 3/11/2026 at 1:30 PM
Live
Closed
NORW
VGK
Last price
$35.70
$84.53
1D performance
+0.96%
-0.17%
AuM$112.28 M$30.70 B
E/R0.5%0.06%
Characteristics
NORW
VGK
Management strategyPassivePassive
ProviderGlobal XVanguard
BenchmarkMSCI Norway IMI 25/50 IndexFTSE Developed Europe All Cap Index
N° of holdings501098
Asset classEquitiesEquities
Trailing 12m distribution yield
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Inception dateAugust 17, 2009March 4, 2005
ESGNoNo
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Exposure

Countries

NORW
Norway
90.45%
Other
9.55%
VGK
United Kingdom
22.08%
Switzerland
13.96%
Germany
13.8%
France
13.25%
Netherlands
9.13%
Other
27.77%

Sectors

NORW
Financials
24.62%
Energy
21.1%
Consumer Staples
13.67%
Materials
10.72%
Other
29.89%
VGK
Financials
22.63%
Industrials
18.25%
Health Care
10.37%
Information Techn.
7.94%
Consumer Discreti.
7.55%
Consumer Staples
7.05%
Other
26.2%
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Diversification

NORW

Total weight of top 15 holdings out of 15

73.88%
VGK

Total weight of top 15 holdings out of 15

23.13%

Top 15 holdings

Data as of January 31, 2026
NORW
DNB BANK
12.41%
EQUINOR
10.65%
NO0013536151
7.20%
NORSK HYDRO
6.21%
MOWI ASA
5.22%
TELENOR
4.57%
AKER BP ASA
4.47%
ORKLA
4.04%
YARA INTL
3.74%
UNI STOREBRAND
3.59%
GJENSIDIGE
2.77%
SUBSEA
2.76%
SCHIBSTED
2.28%
SPAREBANK1 SRANK
2.00%
SALMAR
1.95%
VGK
ASML HOLDING
3.57%
ROCHE
2.01%
HSBC HOLDINGS
1.91%
NOVARTIS
1.80%
ASTRAZENECA
1.76%
NESTLE SA
1.53%
SHELL PLC
1.40%
SIEMENS
1.40%
SAP SE
1.30%
BANCO SANTANDER SA
1.20%
DK0062498333
1.20%
ALLIANZ SE
1.07%
LVMH MOET HENNESSY LOUIS VUITT
1.04%
SCHNEIDER ELECTRIC SE
0.98%
UBS GROUP AG
0.95%
Frequently asked questions about NORW and VGK

How have the NORW and VGK ETFs performed in 2026?

As of March 11, 2026, NORW is up 18.1% year-to-date (YTD), while VGK has returned 1.27%. 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 +$44M in flows, compared to +$1.02B for VGK.

Which ETF is more volatile: NORW or VGK?

Over the past year, NORW had a volatility of 19.24%, while VGK experienced 15.98%.

Which ETF is bigger: NORW or VGK?

As of March 11, 2026, NORW holds $112.28 M in assets under management (AUM), while VGK manages $30.70 B.

What sectors do the NORW and VGK ETFs invest in?

NORW leans toward sectors like Financials, Energy 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 DNB BANK, EQUINOR and NO0013536151. VGK holds in its top three: ASML HOLDING, ROCHE and HSBC HOLDINGS.

Which ETF is more diversified: NORW or VGK?

NORW holds 53 securities with 73.88% of its assets in the top 15. VGK has 1238 securities and a top 15 weight of 23.13%.

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