EDEN vs. FNORX
Compare and contrast key facts about iShares MSCI Denmark ETF (EDEN) and Fidelity Nordic Fund (FNORX).
EDEN is a passively managed fund by iShares that tracks the performance of the MSCI Denmark IMI 25/50 Index. It was launched on Jan 25, 2012. FNORX is managed by Fidelity. It was launched on Nov 1, 1995.
Performance
EDEN vs. FNORX - Performance Comparison
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EDEN vs. FNORX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | -7.84% | 10.58% | -3.94% | 17.99% | -11.47% | 14.81% | 42.56% | 24.37% | -14.43% | 35.39% |
FNORX Fidelity Nordic Fund | 1.60% | 25.85% | -4.51% | 20.85% | -19.29% | 12.77% | 43.03% | 17.26% | -11.56% | 22.48% |
Returns By Period
In the year-to-date period, EDEN achieves a -7.84% return, which is significantly lower than FNORX's 1.60% return. Over the past 10 years, EDEN has underperformed FNORX with an annualized return of 8.14%, while FNORX has yielded a comparatively higher 8.84% annualized return.
EDEN
- 1D
- 0.78%
- 1M
- -1.92%
- YTD
- -7.84%
- 6M
- -4.54%
- 1Y
- 5.18%
- 3Y*
- 1.86%
- 5Y*
- 3.22%
- 10Y*
- 8.14%
FNORX
- 1D
- 4.03%
- 1M
- -3.41%
- YTD
- 1.60%
- 6M
- 6.42%
- 1Y
- 16.40%
- 3Y*
- 10.31%
- 5Y*
- 5.41%
- 10Y*
- 8.84%
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EDEN vs. FNORX - Expense Ratio Comparison
EDEN has a 0.53% expense ratio, which is lower than FNORX's 0.92% expense ratio.
Return for Risk
EDEN vs. FNORX — Risk / Return Rank
EDEN
FNORX
EDEN vs. FNORX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Denmark ETF (EDEN) and Fidelity Nordic Fund (FNORX). 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.
| EDEN | FNORX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 0.96 | -0.73 |
Sortino ratioReturn per unit of downside risk | 0.46 | 1.34 | -0.88 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.19 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.21 | 1.34 | -1.13 |
Martin ratioReturn relative to average drawdown | 0.50 | 4.09 | -3.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EDEN | FNORX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.96 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.29 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.47 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.45 | +0.18 |
Correlation
The correlation between EDEN and FNORX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EDEN vs. FNORX - Dividend Comparison
EDEN's dividend yield for the trailing twelve months is around 3.02%, less than FNORX's 8.60% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | 3.02% | 2.79% | 1.50% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% |
FNORX Fidelity Nordic Fund | 8.60% | 8.74% | 6.14% | 0.05% | 0.00% | 14.85% | 3.29% | 4.59% | 10.78% | 3.13% | 1.71% | 1.32% |
Drawdowns
EDEN vs. FNORX - Drawdown Comparison
The maximum EDEN drawdown since its inception was -36.61%, smaller than the maximum FNORX drawdown of -69.72%. Use the drawdown chart below to compare losses from any high point for EDEN and FNORX.
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Drawdown Indicators
| EDEN | FNORX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.61% | -69.72% | +33.11% |
Max Drawdown (1Y)Largest decline over 1 year | -21.17% | -12.98% | -8.19% |
Max Drawdown (5Y)Largest decline over 5 years | -36.61% | -38.15% | +1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -36.61% | -38.15% | +1.54% |
Current DrawdownCurrent decline from peak | -17.82% | -8.55% | -9.27% |
Average DrawdownAverage peak-to-trough decline | -7.28% | -17.53% | +10.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.78% | 4.24% | +4.54% |
Volatility
EDEN vs. FNORX - Volatility Comparison
The current volatility for iShares MSCI Denmark ETF (EDEN) is 7.27%, while Fidelity Nordic Fund (FNORX) has a volatility of 7.85%. This indicates that EDEN experiences smaller price fluctuations and is considered to be less risky than FNORX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDEN | FNORX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 7.85% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 15.46% | 12.92% | +2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.03% | 18.66% | +4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.19% | 18.99% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.35% | 18.90% | +0.45% |