NORW vs. DTCR
NORW (Global X MSCI Norway ETF) and DTCR (Global X Data Center & Digital Infrastructure ETF) are both exchange-traded funds - NORW is a Europe Equities fund tracking the MSCI Norway IMI 25/50 Index, while DTCR is a REIT fund tracking the Solactive Data Center REITs & Digital Infrastructure Index. Both are passively managed. Over the past 5 years, NORW returned 7.45%/yr vs 11.34%/yr for DTCR. Their 0.41 correlation means their historical movements had little consistent relationship. Both charge a 0.50% expense ratio.
Performance
NORW vs. DTCR - Performance Comparison
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Returns By Period
In the year-to-date period, NORW achieves a 25.23% return, which is significantly lower than DTCR's 30.53% return.
NORW
- 1D
- 0.86%
- 1M
- 8.72%
- 6M
- 15.41%
- YTD
- 25.23%
- 1Y
- 34.00%
- 3Y*
- 19.17%
- 5Y*
- 7.45%
- 10Y*
- 9.90%
- ALL TIME*
- 8.95%
DTCR
- 1D
- -0.90%
- 1M
- -3.58%
- 6M
- 12.55%
- YTD
- 30.53%
- 1Y
- 47.91%
- 3Y*
- 27.27%
- 5Y*
- 11.34%
- 10Y*
- —
- ALL TIME*
- 13.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $22.41M | $38.68M | $44.72M | |
| $730.42K | $1.20M | $2.79M |
NORW vs. DTCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
NORW Global X MSCI Norway ETF | 25.23% | 32.59% | -2.50% | 5.03% | -12.55% | 13.65% | 16.23% |
DTCR Global X Data Center & Digital Infrastructure ETF | 30.53% | 28.99% | 14.92% | 18.93% | -30.89% | 20.35% | 6.60% |
Correlation
The correlation between NORW and DTCR is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020 | 0.41 |
The correlation between NORW and DTCR shifts across timeframes, from 0.31 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NORW vs. DTCR — Risk / Return Rank
NORW
DTCR
NORW vs. DTCR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Norway ETF (NORW) and Global X Data Center & Digital Infrastructure ETF (DTCR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NORW | DTCR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.30 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.55 | -0.20 |
| Martin ratioReturn relative to average drawdown | 7.35 | 8.11 | -0.77 |
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Drawdowns
NORW vs. DTCR - Drawdown Comparison
The maximum NORW drawdown since its inception was -35.62%, smaller than the maximum DTCR drawdown of -38.98%. Use the drawdown chart below to compare losses from any high point for NORW and DTCR.
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Drawdown Indicators
| NORW | DTCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.62% | -38.98% | +3.36% |
Max Drawdown (1Y)Largest decline over 1 year | -14.49% | -17.88% | +3.39% |
Max Drawdown (3Y)Largest decline over 3 years | -16.06% | -24.96% | +8.90% |
Max Drawdown (5Y)Largest decline over 5 years | -32.78% | -38.98% | +6.20% |
Max Drawdown (10Y)Largest decline over 10 years | -33.86% | — | — |
Current DrawdownCurrent decline from peak | -4.36% | -15.15% | +10.79% |
Average DrawdownAverage peak-to-trough decline | -10.12% | -12.26% | +2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.63% | 5.62% | -0.99% |
Volatility
NORW vs. DTCR - Volatility Comparison
The current volatility for Global X MSCI Norway ETF (NORW) is 5.02%, while Global X Data Center & Digital Infrastructure ETF (DTCR) has a volatility of 8.80%. This indicates that NORW experiences smaller price fluctuations and is considered to be less risky than DTCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NORW | DTCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.02% | 8.80% | -3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.10% | 19.77% | -5.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.33% | 24.75% | -7.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.01% | 22.50% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.56% | 22.25% | -1.69% |
NORW vs. DTCR - Expense Ratio Comparison
Both NORW and DTCR have an expense ratio of 0.50%.
Dividends
NORW vs. DTCR - Dividend Comparison
NORW's dividend yield for the trailing twelve months is around 7.19%, more than DTCR's 0.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DTCR Global X Data Center & Digital Infrastructure ETF | 0.90% | 1.10% | 1.72% | 1.18% | 2.57% | 1.27% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NORW Global X MSCI Norway ETF | 7.19% | 3.44% | 6.02% | 5.27% | 4.01% | 1.51% | 1.13% | 2.47% | 3.53% | 3.64% | 3.79% | 2.95% |
Frequently Asked Questions
NORW and DTCR have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DTCR has higher volatility (8.80%) compared to NORW (5.02%). In terms of maximum drawdown, NORW dropped -35.62% vs DTCR's -38.98%.
On 5-year performance, DTCR leads with 11.34% vs 7.45% for NORW. Both ETFs have the same 0.50% expense ratio. On volatility, NORW has been the lower-risk option at 5.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DTCR has performed better with a 11.34% return vs 7.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NORW and DTCR have the same expense ratio: 0.50% per year.
NORW has the higher dividend yield at 7.19%, compared with 0.90% for DTCR.
NORW is categorized as Europe Equities, while DTCR is REIT. NORW tracks MSCI Norway IMI 25/50 Index, while DTCR tracks Solactive Data Center REITs & Digital Infrastructure Index.
NORW currently has the higher Sharpe Ratio (1.96 vs 1.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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