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 | -8.55% | 10.58% | -3.94% | 17.99% | -11.47% | 14.81% | 42.56% | 24.37% | -14.43% | 35.39% |
FNORX Fidelity Nordic Fund | -2.33% | 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 -8.55% return, which is significantly lower than FNORX's -2.33% return. Both investments have delivered pretty close results over the past 10 years, with EDEN having a 8.06% annualized return and FNORX not far ahead at 8.41%.
EDEN
- 1D
- 3.58%
- 1M
- -3.26%
- YTD
- -8.55%
- 6M
- -2.66%
- 1Y
- 3.57%
- 3Y*
- 1.60%
- 5Y*
- 3.06%
- 10Y*
- 8.06%
FNORX
- 1D
- 1.02%
- 1M
- -9.02%
- YTD
- -2.33%
- 6M
- 3.85%
- 1Y
- 13.26%
- 3Y*
- 8.87%
- 5Y*
- 4.89%
- 10Y*
- 8.41%
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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 | 0.16 | 0.71 | -0.55 |
Sortino ratioReturn per unit of downside risk | 0.37 | 1.01 | -0.64 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.14 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.11 | 0.92 | -0.81 |
Martin ratioReturn relative to average drawdown | 0.26 | 2.84 | -2.58 |
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 | 0.16 | 0.71 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.26 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 0.45 | -0.03 |
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 3.05%, less than FNORX's 8.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | 3.05% | 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 | 8.95% | 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 | -18.46% | -12.09% | -6.37% |
Average DrawdownAverage peak-to-trough decline | -7.28% | -17.53% | +10.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.74% | 4.20% | +4.54% |
Volatility
EDEN vs. FNORX - Volatility Comparison
iShares MSCI Denmark ETF (EDEN) has a higher volatility of 8.05% compared to Fidelity Nordic Fund (FNORX) at 6.77%. This indicates that EDEN's price experiences larger fluctuations and is considered to be riskier 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 | 8.05% | 6.77% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 15.44% | 12.32% | +3.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.05% | 18.26% | +4.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.19% | 18.91% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.35% | 18.86% | +0.49% |