NORWvsVGKETF Comparison
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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, Finance and Consumer Non-Cyclicals. In contrast, VGK's top sector exposures are Finance, Industrials and Healthcare. NORW is more expensive with a Total Expense Ratio (TER) of 0.5%, versus 0.06% for VGK. NORW is up 13.49% year-to-date (YTD) with +$26M in YTD flows. VGK performs worse with 7.91% 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
Cumulative Flows
Historic performance and flows
Data as of 06/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | NORW VGK | -10.98%+1.17% | -7.95%+12.23% | +13.49%+7.91% | +18.68%+17.71% | +64.72%+57.90% | +35.06%+55.74% |
| Flows | NORW VGK | -$56M+$20M | -$50M-$1.31B | +$26M-$1.02B | +$24M+$148M | +$16M+$2.82B | +$65M+$4.17B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | NORW VGK | +15.59%+19.57% | +15.96%+15.62% | +18.99%+15.05% | +21.98%+17.71% |
| Max drawdown | NORW VGK | -13.77%-4.29% | -13.77%-11.95% | -15.97%-13.95% | -33.23%-32.68% |
| Max drawdown duration | NORW VGK | 40d33d | 40d110d | 48d44d | 1147d902d |
Trading data
NORW | VGK | |
Last sale 7/1/2026 at 1:30 PM | $31.75 | $87.77 |
| Previous close 06/30/2026 | $31.93 | $88.54 |
| Consolidated volume 06/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 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 | ||
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Main metrics
Last update 7/1/2026 at 1:30 PM
Live
Closed
NORW | VGK | |
|---|---|---|
| Last price | $31.75 | $87.77 |
| 1D performance | -0.56% | -0.87% |
| AuM | $86.51 M | $29.98 B |
| E/R | 0.5% | 0.06% |
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Exposure
Countries
NORW
Norway
89.3%
Other
10.7%
VGK
United Kingdom
21.01%
Switzerland
14.61%
Germany
12.93%
France
12.88%
Netherlands
8.83%
Other
29.74%
Sectors
NORW
Energy
26.76%
Finance
23.6%
Consumer Non-Cycl.
11.93%
Industrials
11.4%
Non-Energy Materi.
11.16%
Other
15.15%
VGK
Finance
24.61%
Industrials
17.01%
Healthcare
11.56%
Technology
9.7%
Consumer Non-Cycl.
8.23%
Other
28.89%
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Diversification
NORW
Total weight of top 15 holdings out of 15
70.28%
VGK
Total weight of top 15 holdings out of 15
23.37%
Top 15 holdings
Data as of May 31, 2026
NORW
Equinor ASA
11.00%
DNB Bank ASA
10.91%
Norsk Hydro ASA
6.80%
Kongsberg Gruppen ASA
6.48%
Aker BP ASA
4.91%
Telenor ASA
4.35%
Mowi ASA
4.14%
Yara International ASA
3.74%
Storebrand ASA
3.32%
Orkla ASA
3.31%
Subsea 7 SA
3.21%
Gjensidige Forsikring ASA
2.39%
Vår Energi ASA
1.99%
Vend Marketplaces ASA
1.88%
Sparebank 1 Sør-Norge ASA
1.86%
VGK
ASML Holding NV
3.93%
HSBC Holdings Plc
2.02%
Roche Holding AG
1.85%
Novartis AG
1.81%
AstraZeneca PLC
1.74%
Nestlé SA
1.64%
Shell Plc
1.51%
Siemens AG
1.44%
SAP SE
1.17%
Banco Santander SA
1.15%
Schneider Electric SE
1.07%
Allianz SE
1.06%
ABB Ltd.
1.04%
TotalEnergies SE
1.00%
Rolls-Royce Holdings Plc
0.96%
Frequently asked questions about NORW and VGK
How have the NORW and VGK ETFs performed in 2026?
As of June 30, 2026, NORW is up 13.49% year-to-date (YTD), while VGK has returned 7.91%. 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 +$26M 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 15.96%, while VGK experienced 15.62%.
Which ETF is bigger: NORW or VGK?
As of June 30, 2026, NORW holds $86.51 M in assets under management (AUM), while VGK manages $29.98 B.
What sectors do the NORW and VGK ETFs invest in?
NORW leans toward sectors like Energy, Finance and Consumer Non-Cyclicals. Meanwhile, VGK focuses on Finance, Industrials and Healthcare.
What are the top holdings of the NORW ETF and VGK ETF?
NORW top holdings include Equinor ASA, DNB Bank ASA and Norsk Hydro ASA. VGK holds in its top three: ASML Holding NV, HSBC Holdings Plc and Roche Holding AG.
Which ETF is more diversified: NORW or VGK?
NORW holds 57 securities with 70.28% of its assets in the top 15. VGK has 1219 securities and a top 15 weight of 23.37%.
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Latest news about NORW & VGK
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