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NORW vs. EIRL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


NORWEIRL
YTD Return0.79%2.05%
1Y Return12.50%16.35%
3Y Return (Ann)-4.51%3.12%
5Y Return (Ann)6.82%8.32%
10Y Return (Ann)4.01%7.80%
Sharpe Ratio0.700.78
Sortino Ratio1.051.20
Omega Ratio1.131.15
Calmar Ratio0.541.06
Martin Ratio3.203.63
Ulcer Index4.10%3.60%
Daily Std Dev18.67%16.76%
Max Drawdown-35.62%-46.48%
Current Drawdown-14.84%-12.38%

Correlation

-0.50.00.51.00.6

The correlation between NORW and EIRL is 0.62, 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. EIRL - Performance Comparison

In the year-to-date period, NORW achieves a 0.79% return, which is significantly lower than EIRL's 2.05% return. Over the past 10 years, NORW has underperformed EIRL with an annualized return of 4.01%, while EIRL has yielded a comparatively higher 7.80% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%-5.00%0.00%5.00%JuneJulyAugustSeptemberOctoberNovember
-1.45%
-9.98%
NORW
EIRL

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NORW vs. EIRL - Expense Ratio Comparison

NORW has a 0.50% expense ratio, which is higher than EIRL's 0.49% expense ratio.


NORW
Global X MSCI Norway ETF
Expense ratio chart for NORW: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%
Expense ratio chart for EIRL: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%

Risk-Adjusted Performance

NORW vs. EIRL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Norway ETF (NORW) and iShares MSCI Ireland ETF (EIRL). 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.


NORW
Sharpe ratio
The chart of Sharpe ratio for NORW, currently valued at 0.70, compared to the broader market-2.000.002.004.000.70
Sortino ratio
The chart of Sortino ratio for NORW, currently valued at 1.05, compared to the broader market0.005.0010.001.05
Omega ratio
The chart of Omega ratio for NORW, currently valued at 1.13, compared to the broader market1.001.502.002.503.001.13
Calmar ratio
The chart of Calmar ratio for NORW, currently valued at 0.54, compared to the broader market0.005.0010.0015.000.54
Martin ratio
The chart of Martin ratio for NORW, currently valued at 3.20, compared to the broader market0.0020.0040.0060.0080.00100.003.20
EIRL
Sharpe ratio
The chart of Sharpe ratio for EIRL, currently valued at 0.78, compared to the broader market-2.000.002.004.000.78
Sortino ratio
The chart of Sortino ratio for EIRL, currently valued at 1.20, compared to the broader market0.005.0010.001.20
Omega ratio
The chart of Omega ratio for EIRL, currently valued at 1.15, compared to the broader market1.001.502.002.503.001.15
Calmar ratio
The chart of Calmar ratio for EIRL, currently valued at 1.06, compared to the broader market0.005.0010.0015.001.06
Martin ratio
The chart of Martin ratio for EIRL, currently valued at 3.63, compared to the broader market0.0020.0040.0060.0080.00100.003.63

NORW vs. EIRL - Sharpe Ratio Comparison

The current NORW Sharpe Ratio is 0.70, which is comparable to the EIRL Sharpe Ratio of 0.78. The chart below compares the historical Sharpe Ratios of NORW and EIRL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
0.70
0.78
NORW
EIRL

Dividends

NORW vs. EIRL - Dividend Comparison

NORW's dividend yield for the trailing twelve months is around 5.26%, more than EIRL's 1.59% yield.


TTM20232022202120202019201820172016201520142013
NORW
Global X MSCI Norway ETF
5.26%5.27%4.01%2.42%1.13%2.47%3.54%3.64%3.78%2.95%3.85%2.58%
EIRL
iShares MSCI Ireland ETF
1.59%1.00%1.13%0.81%0.50%2.11%1.52%1.44%1.34%1.70%2.26%1.65%

Drawdowns

NORW vs. EIRL - Drawdown Comparison

The maximum NORW drawdown since its inception was -35.62%, smaller than the maximum EIRL drawdown of -46.48%. Use the drawdown chart below to compare losses from any high point for NORW and EIRL. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-14.84%
-12.38%
NORW
EIRL

Volatility

NORW vs. EIRL - Volatility Comparison

The current volatility for Global X MSCI Norway ETF (NORW) is 5.44%, while iShares MSCI Ireland ETF (EIRL) has a volatility of 5.79%. This indicates that NORW experiences smaller price fluctuations and is considered to be less risky than EIRL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%JuneJulyAugustSeptemberOctoberNovember
5.44%
5.79%
NORW
EIRL