- ISIN
- US46429B4995
- CUSIP
- 46429B499
- Issuer
- iShares
- Inception Date
- Jan 23, 2012
- Region
- North America (U.S.)
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Norway IMI 25/50 Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $96M
Highlights
- Avg. Volume (1M)
- 54K
- Avg. Volume Value (1M)
- $1.77M
Share Price Chart
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Performance
ENOR Performance Chart
iShares MSCI Norway ETF (ENOR) is up 26.8% since the beginning of the year. ENOR is currently trading at $35 per share. Investors who bought $1,000 worth of ENOR shares 5 years ago would now be looking at an investment worth $1,572.
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Returns By Period
iShares MSCI Norway ETF (ENOR) has returned 26.80% so far this year and 35.98% over the past 12 months. Over the last ten years, ENOR has returned 9.85% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
iShares MSCI Norway ETF
- 1D
- 1.22%
- 1M
- 9.09%
- 6M
- 15.26%
- YTD
- 26.80%
- 1Y
- 35.98%
- 3Y*
- 19.48%
- 5Y*
- 9.47%
- 10Y*
- 9.85%
- ALL TIME*
- 5.72%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
ENOR Monthly Returns History
Based on dividend-adjusted daily data since Jan 24, 2012, ENOR's average daily return is +0.03%, while the average monthly return is +0.66%. At this rate, an investment would double in approximately 8.8 years.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2020 with a return of +22.3%, while the worst month was Mar 2020 at -25.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ENOR closed higher 52% of trading days. The best single day was Mar 13, 2020 with a return of +12.6%, while the worst single day was Mar 12, 2020 at -14.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.02% | 8.82% | 7.24% | 1.35% | -0.93% | -11.47% | 11.11% | 26.80% | |||||
| 2025 | 6.01% | -0.34% | 9.36% | -1.50% | 6.53% | 4.39% | -2.55% | 4.15% | 0.89% | -3.19% | -0.25% | 5.47% | 32.00% |
| 2024 | -5.08% | -1.23% | 2.83% | -0.58% | 12.26% | -3.48% | 1.02% | 0.72% | -1.52% | -2.59% | 1.19% | -4.74% | -2.29% |
| 2023 | -0.12% | -0.74% | -4.49% | 1.23% | -7.04% | 4.84% | 8.41% | -4.21% | 1.83% | -4.58% | 4.39% | 6.50% | 4.80% |
| 2022 | -2.23% | 2.14% | 4.54% | -7.79% | 3.53% | -12.52% | 8.84% | -4.45% | -19.29% | 11.35% | 10.23% | -2.61% | -12.53% |
| 2021 | -0.26% | 4.09% | 6.39% | 3.52% | 2.96% | -2.65% | -1.23% | 2.71% | 0.28% | 7.24% | -8.82% | 4.11% | 18.69% |
Benchmark Metrics
iShares MSCI Norway ETF has an annualized alpha of -4.14%, beta of 0.94, and R2 of 0.44 versus S&P 500 Index. Calculated based on daily prices since January 24, 2012.
- This ETF participated in 110.93% of S&P 500 Index downside but only 79.38% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.44 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -4.14%
- Beta
- 0.94
- R²
- 0.44
- Upside Capture
- 79.38%
- Downside Capture
- 110.93%
Expense Ratio
ENOR has an expense ratio of 0.53%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ENOR ranks 76 for risk / return — above 76% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iShares MSCI Norway ETF (ENOR) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ENOR | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.25 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 2.00 | +0.46 |
| Martin ratioReturn relative to average drawdown | 7.68 | 8.49 | -0.82 |
Dividends
Dividend History
iShares MSCI Norway ETF provided a 5.27% dividend yield over the last twelve months, with an annual payout of $1.84 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.84 | $0.85 | $1.42 | $1.23 | $0.99 | $0.65 | $0.60 | $0.79 | $0.64 | $0.64 | $0.64 | $0.61 |
Dividend yield | 5.27% | 2.96% | 6.32% | 5.06% | 4.02% | 2.24% | 2.39% | 3.15% | 2.79% | 2.47% | 2.96% | 3.24% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI Norway ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.56 | $0.00 | $1.56 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.85 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.88 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $1.42 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.82 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $1.23 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.99 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.65 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares MSCI Norway ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares MSCI Norway ETF was 55.35%, occurring on Mar 18, 2020. Recovery took 271 trading sessions.
The current iShares MSCI Norway ETF drawdown is 4.22%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-55.35%Mar 2020 | 5y 9mo | 1y 28d | 6y 10moJun 2014 - Apr 2021 | COVID crash2020 |
-32.65%Sep 2022 | 6mo 3d | 2y 7mo | 3y 1moMar 2022 - May 2025 | Bear market2022 |
-24.65%Jun 2012 | 2mo 15d | 7mo 2d | 9mo 17dMar 2012 - Jan 2013 | — |
-14.56%Jun 2026 | 1mo 5d | — | 2mo 12dMay 2026 - now | — |
-13.96%Jun 2013 | 4mo 20d | 2mo 26d | 7mo 16dFeb 2013 - Sep 2013 | — |
Drawdown Indicators
| ENOR | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.35% | -56.78% | +1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -14.56% | -9.10% | -5.46% |
Max Drawdown (3Y)Largest decline over 3 years | -15.84% | -18.90% | +3.06% |
Max Drawdown (5Y)Largest decline over 5 years | -32.65% | -25.43% | -7.22% |
Max Drawdown (10Y)Largest decline over 10 years | -54.21% | -33.92% | -20.29% |
Current DrawdownCurrent decline from peak | -4.22% | -1.58% | -2.64% |
Average DrawdownAverage peak-to-trough decline | -16.49% | -10.70% | -5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 2.14% | +2.52% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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