ENOR vs. NORW
Compare and contrast key facts about iShares MSCI Norway ETF (ENOR) and Global X MSCI Norway ETF (NORW).
ENOR and NORW 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. NORW is a passively managed fund by Global X that tracks the performance of the MSCI Norway IMI 25/50 Index. It was launched on Nov 9, 2010. Both ENOR and NORW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ENOR or NORW.
Correlation
The correlation between ENOR and NORW is 0.58, 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.
Performance
ENOR vs. NORW - Performance Comparison
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Key characteristics
ENOR:
0.51
NORW:
0.49
ENOR:
0.89
NORW:
0.87
ENOR:
1.13
NORW:
1.12
ENOR:
0.66
NORW:
0.63
ENOR:
2.56
NORW:
2.47
ENOR:
5.01%
NORW:
4.99%
ENOR:
23.17%
NORW:
22.80%
ENOR:
-55.37%
NORW:
-35.62%
ENOR:
-3.40%
NORW:
-3.70%
Returns By Period
The year-to-date returns for both stocks are quite close, with ENOR having a 17.18% return and NORW slightly lower at 16.90%. Over the past 10 years, ENOR has underperformed NORW with an annualized return of 3.23%, while NORW has yielded a comparatively higher 4.54% annualized return.
ENOR
17.18%
8.98%
15.55%
11.81%
13.51%
3.23%
NORW
16.90%
9.37%
14.77%
11.20%
11.94%
4.54%
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ENOR vs. NORW - Expense Ratio Comparison
ENOR has a 0.53% expense ratio, which is higher than NORW's 0.50% expense ratio.
Risk-Adjusted Performance
ENOR vs. NORW — Risk-Adjusted Performance Rank
ENOR
NORW
ENOR vs. NORW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Norway ETF (ENOR) and Global X MSCI Norway ETF (NORW). 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.
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Dividends
ENOR vs. NORW - Dividend Comparison
ENOR's dividend yield for the trailing twelve months is around 5.39%, more than NORW's 5.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENOR iShares MSCI Norway ETF | 5.39% | 6.32% | 5.06% | 4.02% | 2.24% | 2.39% | 3.15% | 2.79% | 2.47% | 2.96% | 3.24% | 4.52% |
NORW Global X MSCI Norway ETF | 5.15% | 6.03% | 5.27% | 4.01% | 2.42% | 1.13% | 2.47% | 3.54% | 3.64% | 3.78% | 2.95% | 3.85% |
Drawdowns
ENOR vs. NORW - Drawdown Comparison
The maximum ENOR drawdown since its inception was -55.37%, which is greater than NORW's maximum drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for ENOR and NORW. For additional features, visit the drawdowns tool.
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Volatility
ENOR vs. NORW - Volatility Comparison
The current volatility for iShares MSCI Norway ETF (ENOR) is 3.90%, while Global X MSCI Norway ETF (NORW) has a volatility of 4.81%. This indicates that ENOR experiences smaller price fluctuations and is considered to be less risky than NORW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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