NORW vs. DXJ
Compare and contrast key facts about Global X MSCI Norway ETF (NORW) and WisdomTree Japan Hedged Equity Fund (DXJ).
NORW and DXJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DXJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged Equity Index. It was launched on Jun 16, 2006. Both NORW and DXJ 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: NORW or DXJ.
Correlation
The correlation between NORW and DXJ is 0.52, 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
NORW vs. DXJ - Performance Comparison
Key characteristics
NORW:
0.71
DXJ:
0.61
NORW:
1.04
DXJ:
0.90
NORW:
1.13
DXJ:
1.13
NORW:
0.57
DXJ:
0.58
NORW:
2.70
DXJ:
1.93
NORW:
4.43%
DXJ:
6.71%
NORW:
16.87%
DXJ:
21.31%
NORW:
-35.62%
DXJ:
-49.63%
NORW:
-11.60%
DXJ:
-4.01%
Returns By Period
In the year-to-date period, NORW achieves a 7.31% return, which is significantly higher than DXJ's -0.50% return. Over the past 10 years, NORW has underperformed DXJ with an annualized return of 4.18%, while DXJ has yielded a comparatively higher 10.89% annualized return.
NORW
7.31%
3.37%
-1.36%
11.28%
6.03%
4.18%
DXJ
-0.50%
1.89%
7.21%
12.03%
19.90%
10.89%
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NORW vs. DXJ - Expense Ratio Comparison
NORW has a 0.50% expense ratio, which is higher than DXJ's 0.48% expense ratio.
Risk-Adjusted Performance
NORW vs. DXJ — Risk-Adjusted Performance Rank
NORW
DXJ
NORW vs. DXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Norway ETF (NORW) and WisdomTree Japan Hedged Equity Fund (DXJ). 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.
Dividends
NORW vs. DXJ - Dividend Comparison
NORW's dividend yield for the trailing twelve months is around 5.62%, more than DXJ's 3.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NORW Global X MSCI Norway ETF | 5.62% | 6.03% | 5.27% | 4.01% | 2.42% | 1.13% | 2.47% | 3.54% | 3.64% | 3.78% | 2.95% | 3.85% |
DXJ WisdomTree Japan Hedged Equity Fund | 3.50% | 3.48% | 3.44% | 3.03% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% | 11.61% |
Drawdowns
NORW vs. DXJ - Drawdown Comparison
The maximum NORW drawdown since its inception was -35.62%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for NORW and DXJ. For additional features, visit the drawdowns tool.
Volatility
NORW vs. DXJ - Volatility Comparison
Global X MSCI Norway ETF (NORW) has a higher volatility of 4.75% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 3.94%. This indicates that NORW's price experiences larger fluctuations and is considered to be riskier than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.