ENOR vs. IEV
Compare and contrast key facts about iShares MSCI Norway ETF (ENOR) and iShares Europe ETF (IEV).
ENOR and IEV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. IEV is a passively managed fund by iShares that tracks the performance of the S&P Europe 350 Index. It was launched on Jul 25, 2000. Both ENOR and IEV 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
ENOR vs. IEV - Performance Comparison
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ENOR vs. IEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENOR iShares MSCI Norway ETF | 28.39% | 32.00% | -2.29% | 4.80% | -12.53% | 18.69% | 2.54% | 12.77% | -8.50% | 21.98% |
IEV iShares Europe ETF | -0.96% | 35.63% | 1.36% | 20.14% | -14.24% | 16.73% | 4.07% | 24.03% | -14.68% | 24.84% |
Returns By Period
In the year-to-date period, ENOR achieves a 28.39% return, which is significantly higher than IEV's -0.96% return. Over the past 10 years, ENOR has outperformed IEV with an annualized return of 10.41%, while IEV has yielded a comparatively lower 8.80% annualized return.
ENOR
- 1D
- 2.75%
- 1M
- 7.24%
- YTD
- 28.39%
- 6M
- 30.76%
- 1Y
- 46.68%
- 3Y*
- 22.37%
- 5Y*
- 10.05%
- 10Y*
- 10.41%
IEV
- 1D
- 3.19%
- 1M
- -8.06%
- YTD
- -0.96%
- 6M
- 4.91%
- 1Y
- 20.15%
- 3Y*
- 13.99%
- 5Y*
- 9.00%
- 10Y*
- 8.80%
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ENOR vs. IEV - Expense Ratio Comparison
ENOR has a 0.53% expense ratio, which is lower than IEV's 0.59% expense ratio.
Return for Risk
ENOR vs. IEV — Risk / Return Rank
ENOR
IEV
ENOR vs. IEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Norway ETF (ENOR) and iShares Europe ETF (IEV). 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.
| ENOR | IEV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.04 | 1.15 | +0.89 |
Sortino ratioReturn per unit of downside risk | 2.74 | 1.65 | +1.08 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.23 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 3.14 | 1.53 | +1.62 |
Martin ratioReturn relative to average drawdown | 12.84 | 5.87 | +6.97 |
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
| ENOR | IEV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 1.15 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.52 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.48 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.22 | +0.03 |
Correlation
The correlation between ENOR and IEV is 0.72, 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
ENOR vs. IEV - Dividend Comparison
ENOR's dividend yield for the trailing twelve months is around 2.30%, less than IEV's 2.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENOR iShares MSCI Norway ETF | 2.30% | 2.96% | 6.32% | 5.06% | 4.02% | 2.24% | 2.39% | 3.15% | 2.79% | 2.47% | 2.96% | 3.24% |
IEV iShares Europe ETF | 2.76% | 2.73% | 3.10% | 2.77% | 3.06% | 2.81% | 1.76% | 3.06% | 3.43% | 2.39% | 3.08% | 2.81% |
Drawdowns
ENOR vs. IEV - Drawdown Comparison
The maximum ENOR drawdown since its inception was -55.35%, smaller than the maximum IEV drawdown of -63.27%. Use the drawdown chart below to compare losses from any high point for ENOR and IEV.
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Drawdown Indicators
| ENOR | IEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.35% | -63.27% | +7.92% |
Max Drawdown (1Y)Largest decline over 1 year | -15.10% | -12.31% | -2.79% |
Max Drawdown (5Y)Largest decline over 5 years | -32.65% | -30.60% | -2.05% |
Max Drawdown (10Y)Largest decline over 10 years | -54.21% | -36.62% | -17.59% |
Current DrawdownCurrent decline from peak | 0.00% | -8.62% | +8.62% |
Average DrawdownAverage peak-to-trough decline | -16.76% | -15.12% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 3.20% | +0.50% |
Volatility
ENOR vs. IEV - Volatility Comparison
iShares MSCI Norway ETF (ENOR) and iShares Europe ETF (IEV) have volatilities of 7.60% and 7.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENOR | IEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.60% | 7.90% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 13.33% | 11.25% | +2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.04% | 17.68% | +5.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.27% | 17.39% | +4.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.08% | 18.58% | +5.50% |