Global X MSCI Norway ETF (NORW) belongs to the Europe Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with NORW. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to NORW
NORW charges 0.50% annually. There are 22 ETFs in the Europe Equities category with lower expense ratios, going as low as 0.06%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard FTSE Europe ETF | 0.06% | 37.90B | Mar 2005 | NORW vs VGK | |
| SPDR Portfolio Europe ETF | 0.07% | 728.27M | Oct 2002 | NORW vs SPEU | |
| iShares Core MSCI Europe ETF | 0.09% | 8.95B | Jun 2014 | NORW vs IEUR | |
| Franklin FTSE Switzerland ETF | 0.09% | 82.69M | Feb 2018 | NORW vs FLSW | |
| Franklin FTSE United Kingdom ETF | 0.09% | 895.04M | Nov 2017 | NORW vs FLGB |
Best Risk-Adjusted Alternatives to NORW
NORW has a PortfoliosLab risk / return rank of 75. There are 9 ETFs in the Europe Equities category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust RiverFront Dynamic Europe ETF | 92 | 100.00K | Apr 2016 | NORW vs RFEU | |
| First Trust STOXX European Select Dividend Index F... | 91 | 887.35M | Aug 2007 | NORW vs FDD | |
| iShares MSCI Austria ETF | 89 | 178.07M | Mar 1996 | NORW vs EWO | |
| iShares MSCI Spain ETF | 88 | 2.12B | Mar 1996 | NORW vs EWP | |
| WisdomTree European Opportunities Fund | 87 | 282.42M | Mar 2015 | NORW vs OPPE |
Top Performing NORW Alternatives (YTD)
NORW is at 25.23% YTD. There is 1 ETF in the Europe Equities category with a higher YTD return, going as high as 26.80%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| iShares MSCI Norway ETF | 26.80% | 95.75M | Jan 2012 | NORW vs ENOR | |
| iShares MSCI Poland ETF | 22.62% | 730.89M | May 2010 | NORW vs EPOL | |
| iShares MSCI Austria ETF | 22.21% | 178.07M | Mar 1996 | NORW vs EWO | |
| Portfolio Building Block European Banks Index ETF | 21.81% | 438.81M | Nov 2025 | NORW vs PBEU | |
| First Trust STOXX European Select Dividend Index F... | 18.92% | 887.35M | Aug 2007 | NORW vs FDD |
Lowest Volatility Alternatives to NORW
NORW has 17.33% 1-year volatility. There are 27 ETFs in the Europe Equities category with lower 1-year volatility, going as low as 7.08%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust RiverFront Dynamic Europe ETF | 7.08% | 100.00K | Apr 2016 | NORW vs RFEU | |
| Xtrackers MSCI Europe Hedged Equity Fund | 13.24% | 772.43M | Oct 2013 | NORW vs DBEU | |
| ProShares MSCI Europe Dividend Growers ETF | 14.08% | 8.35M | Sep 2015 | NORW vs EUDV | |
| WisdomTree European Opportunities Fund | 14.34% | 282.42M | Mar 2015 | NORW vs OPPE | |
| First Trust Switzerland AlphaDEX Fund | 14.58% | 36.64M | Feb 2012 | NORW vs FSZ |
Lowest Drawdown Alternatives to NORW
NORW has a 1-year max drawdown of -14.49%. There are 41 ETFs in the Europe Equities category with shallower 1-year drawdowns, going as shallow as -4.83%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust RiverFront Dynamic Europe ETF | -4.83% | 100.00K | Apr 2016 | NORW vs RFEU | |
| WisdomTree European Opportunities Fund | -8.83% | 282.42M | Mar 2015 | NORW vs OPPE | |
| First Trust STOXX European Select Dividend Index F... | -9.39% | 887.35M | Aug 2007 | NORW vs FDD | |
| Xtrackers MSCI Europe Hedged Equity Fund | -9.81% | 772.43M | Oct 2013 | NORW vs DBEU | |
| iShares MSCI United Kingdom ETF | -9.92% | 4.14B | Mar 1996 | NORW vs EWU |
Other ETFs from Global X
The 10 most viewed Global X ETFs shown here include QYLD, SHLD, AIQ and span 14 categories. AUM among these funds goes as high as $15B.
Often Compared With NORW
Investors most often compare NORW with EWD, EIRL, MGK. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare NORW with Any Fund or Stock
Compare NORW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair NORW with funds that move differently
Global X MSCI Norway ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to NORW.
Explore NORW Diversifiers