Global X MSCI Norway ETF (NORW)
NORW is a passive ETF by Global X tracking the investment results of the MSCI Norway IMI 25/50 Index. NORW launched on Nov 9, 2010 and has a 0.50% expense ratio.
ETF Info
ISIN | US37950E7470 |
---|---|
CUSIP | 37950E747 |
Issuer | Global X |
Inception Date | Nov 9, 2010 |
Region | North America (U.S.) |
Category | Europe Equities |
Index Tracked | MSCI Norway IMI 25/50 Index |
Home Page | www.globalxetfs.com |
Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
NORW has a high expense ratio of 0.50%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: NORW vs. ENOR, NORW vs. EWD, NORW vs. VOO, NORW vs. MGK, NORW vs. SPY
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Global X MSCI Norway ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Global X MSCI Norway ETF had a return of 3.41% year-to-date (YTD) and 15.83% in the last 12 months. Over the past 10 years, Global X MSCI Norway ETF had an annualized return of 3.56%, while the S&P 500 had an annualized return of 10.90%, indicating that Global X MSCI Norway ETF did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 3.41% | 11.05% |
1 month | 7.38% | 4.86% |
6 months | 13.20% | 17.50% |
1 year | 15.83% | 27.37% |
5 years (annualized) | 8.09% | 13.14% |
10 years (annualized) | 3.56% | 10.90% |
Monthly Returns
The table below presents the monthly returns of NORW, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -5.34% | -1.33% | 3.11% | -0.33% | 3.41% | ||||||||
2023 | 0.19% | -0.70% | -4.78% | 1.15% | -7.04% | 4.94% | 8.52% | -4.17% | 2.21% | -4.74% | 3.86% | 6.82% | 5.01% |
2022 | -2.13% | 2.61% | 4.21% | -8.35% | 3.60% | -12.05% | 7.66% | -3.20% | -19.67% | 11.64% | 10.11% | -2.78% | -12.55% |
2021 | 0.08% | 0.90% | 3.31% | 5.54% | 4.49% | -1.34% | 3.94% | 2.34% | -5.09% | 4.86% | -8.94% | 4.27% | 14.11% |
2020 | -0.23% | -6.17% | -9.83% | 5.71% | 6.25% | 4.22% | 8.84% | 6.36% | -1.41% | -4.85% | 13.54% | 3.41% | 25.98% |
2019 | 5.07% | 1.50% | 0.84% | 2.53% | -6.48% | 7.06% | -4.42% | -1.83% | 2.77% | 1.33% | 0.79% | 5.22% | 14.40% |
2018 | 5.46% | -4.09% | -1.65% | -1.55% | -1.66% | -0.73% | 4.75% | -0.57% | 1.15% | -9.22% | 0.44% | -2.40% | -10.39% |
2017 | 4.64% | -0.60% | 3.24% | 5.25% | 5.04% | 0.89% | 2.87% | 1.66% | 1.81% | -1.32% | -2.68% | 1.29% | 24.03% |
2016 | -4.18% | -3.02% | 5.98% | 2.42% | -1.41% | -3.64% | 2.63% | -2.08% | -0.12% | -6.19% | -2.91% | 4.92% | -8.09% |
2015 | 2.95% | 5.68% | -0.75% | 1.97% | 0.58% | -4.01% | 2.05% | -5.82% | -3.98% | 2.76% | 0.31% | -1.11% | 0.01% |
2014 | -4.19% | 8.93% | 0.71% | 1.45% | 0.58% | -0.15% | -2.05% | 0.08% | -2.69% | -1.68% | -0.59% | -5.67% | -5.83% |
2013 | 8.39% | -0.33% | -1.09% | 3.88% | -1.89% | -5.26% | 8.68% | -2.03% | 7.29% | 3.16% | 1.43% | 3.47% | 27.62% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of NORW is 39, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
NORW (Global X MSCI Norway ETF)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Global X MSCI Norway ETF (NORW) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Global X MSCI Norway ETF granted a 5.10% dividend yield in the last twelve months. The annual payout for that period amounted to $1.34 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $1.34 | $1.34 | $1.03 | $0.74 | $0.31 | $0.54 | $0.69 | $0.83 | $0.72 | $0.63 | $0.85 | $0.63 |
Dividend yield | 5.10% | 5.27% | 4.01% | 2.42% | 1.13% | 2.46% | 3.53% | 3.64% | 3.79% | 2.95% | 3.85% | 2.58% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.84 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $1.34 |
2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $1.03 |
2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.00 | $0.28 | $0.00 | $0.15 | $0.74 |
2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.31 |
2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.54 |
2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.69 |
2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $0.83 |
2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $0.72 |
2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $0.63 |
2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.85 | $0.85 |
2013 | $0.63 | $0.63 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Global X 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 Global X MSCI Norway ETF was 35.62%, occurring on Sep 23, 2011. Recovery took 340 trading sessions.
The current Global X MSCI Norway ETF drawdown is 12.64%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-35.62% | May 2, 2011 | 102 | Sep 23, 2011 | 340 | Feb 1, 2013 | 442 |
-33.86% | Jan 25, 2018 | 534 | Mar 23, 2020 | 79 | Jul 15, 2020 | 613 |
-32.69% | Mar 31, 2022 | 127 | Sep 30, 2022 | — | — | — |
-25.2% | Jun 9, 2014 | 622 | Nov 23, 2016 | 196 | Sep 7, 2017 | 818 |
-19.56% | Apr 21, 2010 | 34 | Jun 8, 2010 | 72 | Sep 20, 2010 | 106 |
Volatility
Volatility Chart
The current Global X MSCI Norway ETF volatility is 3.52%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.