CN1G.DE vs. ENOR

Last updated Apr 3, 2026

Compare and contrast key facts about Amundi MSCI Nordic UCITS ETF EUR (C) (CN1G.DE) and iShares MSCI Norway ETF (ENOR).

CN1G.DE and ENOR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CN1G.DE is a passively managed fund by Amundi that tracks the performance of the MSCI Nordic Countries. It was launched on Mar 22, 2018. ENOR is a passively managed fund by iShares that tracks the performance of the MSCI Norway IMI 25/50 Index. It was launched on Jan 23, 2012. Both CN1G.DE and ENOR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CN1G.DE vs. ENOR - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi MSCI Nordic UCITS ETF EUR (C) (CN1G.DE) and iShares MSCI Norway ETF (ENOR). The values are adjusted to include any dividend payments, if applicable.

CN1G.DE vs. ENOR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CN1G.DE Amundi MSCI Nordic UCITS ETF EUR (C)	1.33%	6.68%	-1.91%	16.07%	-11.65%	28.09%	16.08%	24.66%	-8.29%	10.10%
ENOR iShares MSCI Norway ETF	30.39%	16.33%	4.16%	1.65%	-7.11%	27.57%	-5.91%	15.32%	-4.20%	6.99%

Different Trading Currencies

CN1G.DE is traded in EUR, while ENOR is traded in USD. To make them comparable, the ENOR values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, CN1G.DE achieves a 1.33% return, which is significantly lower than ENOR's 30.39% return. Over the past 10 years, CN1G.DE has underperformed ENOR with an annualized return of 7.92%, while ENOR has yielded a comparatively higher 10.39% annualized return.

CN1G.DE

• 1D: 0.24%
• 1M: 0.23%
• YTD: 1.33%
• 6M: 5.97%
• 1Y: 7.65%
• 3Y*: 5.56%
• 5Y*: 5.01%
• 10Y*: 7.92%

ENOR

• 1D: 1.44%
• 1M: 7.41%
• YTD: 30.39%
• 6M: 32.00%
• 1Y: 37.59%
• 3Y*: 18.80%
• 5Y*: 10.44%
• 10Y*: 10.39%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CN1G.DE vs. ENOR - Expense Ratio Comparison

CN1G.DE has a 0.25% expense ratio, which is lower than ENOR's 0.53% expense ratio.

ENOR

iShares MSCI Norway ETF

CN1G.DE

Amundi MSCI Nordic UCITS ETF EUR (C)

Return for Risk

CN1G.DE vs. ENOR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CN1G.DE

CN1G.DE Risk / Return Rank: 25
CN1G.DE Sharpe Ratio Rank: 22
CN1G.DE Sortino Ratio Rank: 21
CN1G.DE Omega Ratio Rank: 21
CN1G.DE Calmar Ratio Rank: 33
CN1G.DE Martin Ratio Rank: 27

ENOR

ENOR Risk / Return Rank: 89
ENOR Sharpe Ratio Rank: 90
ENOR Sortino Ratio Rank: 91
ENOR Omega Ratio Rank: 91
ENOR Calmar Ratio Rank: 87
ENOR Martin Ratio Rank: 89

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.

CN1G.DE vs. ENOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Nordic UCITS ETF EUR (C) (CN1G.DE) and iShares MSCI Norway ETF (ENOR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CN1G.DE	ENOR	Difference
Sharpe ratio Return per unit of total volatility	0.40	1.63	-1.23
Sortino ratio Return per unit of downside risk	0.65	2.21	-1.57
Omega ratio Gain probability vs. loss probability	1.09	1.35	-0.26
Calmar ratio Return relative to maximum drawdown	1.10	2.33	-1.23
Martin ratio Return relative to average drawdown	2.81	9.02	-6.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CN1G.DE vs. ENOR - Sharpe Ratio Comparison

The current CN1G.DE Sharpe Ratio is 0.40, which is lower than the ENOR Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of CN1G.DE and ENOR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CN1G.DE	ENOR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	1.63	-1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.52	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	0.45	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.31	+0.13

Correlation

The correlation between CN1G.DE and ENOR is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CN1G.DE vs. ENOR - Dividend Comparison

CN1G.DE has not paid dividends to shareholders, while ENOR's dividend yield for the trailing twelve months is around 2.31%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CN1G.DE Amundi MSCI Nordic UCITS ETF EUR (C)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ENOR iShares MSCI Norway ETF	2.31%	2.96%	6.32%	5.06%	4.02%	2.24%	2.39%	3.15%	2.79%	2.47%	2.96%	3.24%

Drawdowns

CN1G.DE vs. ENOR - Drawdown Comparison

The maximum CN1G.DE drawdown since its inception was -32.36%, smaller than the maximum ENOR drawdown of -51.16%. Use the drawdown chart below to compare losses from any high point for CN1G.DE and ENOR.

Drawdown Indicators

	CN1G.DE	ENOR	Difference
Max Drawdown Largest peak-to-trough decline	-32.36%	-55.35%	+22.99%
Max Drawdown (1Y) Largest decline over 1 year	-11.11%	-12.58%	+1.47%
Max Drawdown (5Y) Largest decline over 5 years	-26.67%	-32.65%	+5.98%
Max Drawdown (10Y) Largest decline over 10 years	-32.36%	-54.21%	+21.85%
Current Drawdown Current decline from peak	-8.21%	-0.24%	-7.97%
Average Drawdown Average peak-to-trough decline	-6.87%	-16.75%	+9.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.01%	3.64%	+0.37%

Volatility

CN1G.DE vs. ENOR - Volatility Comparison

The current volatility for Amundi MSCI Nordic UCITS ETF EUR (C) (CN1G.DE) is 5.60%, while iShares MSCI Norway ETF (ENOR) has a volatility of 7.46%. This indicates that CN1G.DE experiences smaller price fluctuations and is considered to be less risky than ENOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CN1G.DE	ENOR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	7.46%	-1.86%
Volatility (6M) Calculated over the trailing 6-month period	11.39%	13.03%	-1.64%
Volatility (1Y) Calculated over the trailing 1-year period	18.89%	23.15%	-4.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.44%	20.27%	-2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.03%	22.94%	-5.91%