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 |
| Leveraged | 1x |
| 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 features an expense ratio of 0.50%, falling within the medium range.
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, NORW vs. EIRL
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 -0.67% year-to-date (YTD) and 8.61% in the last 12 months. Over the past 10 years, Global X MSCI Norway ETF had an annualized return of 3.97%, while the S&P 500 had an annualized return of 11.39%, indicating that Global X MSCI Norway ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.67% | 25.45% |
| 1 month | -6.16% | 2.91% |
| 6 months | -3.31% | 14.05% |
| 1 year | 8.61% | 35.64% |
| 5 years (annualized) | 6.71% | 14.13% |
| 10 years (annualized) | 3.97% | 11.39% |
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 | -5.36% | -1.33% | 3.12% | -0.34% | 12.17% | -3.41% | 0.27% | 1.28% | -1.09% | -2.62% | -0.67% | ||
| 2023 | 0.19% | -0.70% | -4.78% | 1.15% | -7.04% | 4.94% | 8.52% | -4.17% | 2.21% | -4.74% | 3.86% | 6.84% | 5.03% |
| 2022 | -2.13% | 2.61% | 4.21% | -8.35% | 3.60% | -12.05% | 7.66% | -3.20% | -19.67% | 11.64% | 10.11% | -2.77% | -12.55% |
| 2021 | 0.08% | 0.90% | 3.31% | 5.54% | 4.49% | -1.34% | 3.94% | 2.34% | -5.09% | 5.33% | -8.94% | 4.27% | 14.62% |
| 2020 | -0.23% | -6.17% | -9.83% | 5.71% | 6.24% | 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% | 5.05% | 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% | -0.11% | -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% | 0.32% | -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 14, indicating that it is in the bottom 14% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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 provided a 5.34% dividend yield over the last twelve months, with an annual payout of $1.31 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.31 | $1.34 | $1.03 | $0.74 | $0.31 | $0.54 | $0.69 | $0.83 | $0.72 | $0.63 | $0.85 | $0.63 |
Dividend yield | 5.34% | 5.27% | 4.01% | 2.42% | 1.13% | 2.47% | 3.54% | 3.64% | 3.78% | 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 | $0.81 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.81 | |
| 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 | $0.13 | $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. Drawdowns are calculated considering price movements and all distributions paid, if any.
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 16.07%.
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 5.40%, 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.