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ISIN
US46429B4995
CUSIP
46429B499
Issuer
iShares
Inception Date
Jan 23, 2012
Region
North America (U.S.)
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
$86M

Share Price Chart


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Performance

ENOR Performance Chart

iShares MSCI Norway ETF (ENOR) is up 19.0% since the beginning of the year. ENOR is currently trading at $33 per share. Investors who bought $1,000 worth of ENOR shares 5 years ago would now be looking at an investment worth $1,432.


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S&P 500 Index

Returns By Period

iShares MSCI Norway ETF (ENOR) has returned 18.99% so far this year and 22.90% over the past 12 months. Over the last ten years, ENOR has returned 9.52% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.


iShares MSCI Norway ETF

1D
0.89%
1M
-9.16%
YTD
18.99%
6M
20.39%
1Y
22.90%
3Y*
21.03%
5Y*
7.45%
10Y*
9.52%

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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 +0.62%. At this rate, an investment would double in approximately 9.3 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202610.02%8.82%7.24%1.35%-0.93%-7.69%18.99%
20256.01%-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 -4.63%, beta of 0.95, and R2 of 0.44 versus S&P 500 Index. Calculated based on daily prices since January 24, 2012.

  • This ETF participated in 113.22% 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
-4.63%
Beta
0.95
0.44
Upside Capture
79.38%
Downside Capture
113.22%

Expense Ratio

ENOR has an expense ratio of 0.53%, placing it in the medium range.


Return for Risk

Risk / Return Rank

ENOR ranks 40 for risk / return — below 40% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.


ENOR Risk / Return Rank: 4040
Overall Rank
ENOR Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
ENOR Sortino Ratio Rank: 3838
Sortino Ratio Rank
ENOR Omega Ratio Rank: 3434
Omega Ratio Rank
ENOR Calmar Ratio Rank: 4343
Calmar Ratio Rank
ENOR Martin Ratio Rank: 4343
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by 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.


ENORBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-0.73

Sortino ratioReturn per unit of downside risk

-0.83

Omega ratioGain probability vs. loss probability

1.23

1.37

-0.14

Calmar ratioReturn relative to maximum drawdown

2.11

2.78

-0.68

Martin ratioReturn relative to average drawdown

6.91

12.44

-5.53

Dividends

Dividend History

iShares MSCI Norway ETF provided a 5.61% dividend yield over the last twelve months, with an annual payout of $1.84 per share.


2.00%3.00%4.00%5.00%6.00%$0.00$0.50$1.00$1.5020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
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

5.61%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00$0.00$1.56$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 10.12%.


Related event

Drawdown

Fall

Recovery

Underwater

COVID crash2020
-55.35%Mar 2020
5y 9mo1y 28d
6y 10moJun 2014 - Apr 2021
Bear market2022
-32.65%Sep 2022
6mo 3d2y 7mo
3y 1moMar 2022 - May 2025
2012 bear market2012
-24.65%Jun 2012
2mo 15d7mo 2d
9mo 17dMar 2012 - Jan 2013
2013 correction2013
-13.96%Jun 2013
4mo 20d2mo 26d
7mo 16dFeb 2013 - Sep 2013
2021 correction2021
-13.31%Dec 2021
1mo 24d3mo 16d
5mo 10dOct 2021 - Mar 2022

Drawdown Indicators


ENORBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-55.35%

-56.78%

+1.43%

Max Drawdown (1Y)

Largest decline over 1 year

-10.91%

-9.10%

-1.81%

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 Drawdown

Current decline from peak

-10.12%

-1.80%

-8.32%

Average Drawdown

Average peak-to-trough decline

-16.54%

-10.71%

-5.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.33%

2.03%

+1.30%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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