NORW vs. SMIN
Compare and contrast key facts about Global X MSCI Norway ETF (NORW) and iShares MSCI India Small-Cap ETF (SMIN).
NORW and SMIN 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. SMIN is a passively managed fund by iShares that tracks the performance of the MSCI India Small Cap Index. It was launched on Feb 8, 2012. Both NORW and SMIN 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 SMIN.
Correlation
The correlation between NORW and SMIN is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NORW vs. SMIN - Performance Comparison
Key characteristics
NORW:
0.71
SMIN:
-0.29
NORW:
1.04
SMIN:
-0.26
NORW:
1.13
SMIN:
0.97
NORW:
0.57
SMIN:
-0.25
NORW:
2.70
SMIN:
-0.89
NORW:
4.43%
SMIN:
6.15%
NORW:
16.87%
SMIN:
18.91%
NORW:
-35.62%
SMIN:
-60.50%
NORW:
-11.60%
SMIN:
-20.44%
Returns By Period
In the year-to-date period, NORW achieves a 7.31% return, which is significantly higher than SMIN's -15.11% return. Over the past 10 years, NORW has underperformed SMIN with an annualized return of 4.18%, while SMIN has yielded a comparatively higher 7.77% annualized return.
NORW
7.31%
3.37%
-1.36%
11.28%
6.03%
4.18%
SMIN
-15.11%
-10.31%
-17.28%
-5.97%
13.57%
7.77%
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NORW vs. SMIN - Expense Ratio Comparison
NORW has a 0.50% expense ratio, which is lower than SMIN's 0.76% expense ratio.
Risk-Adjusted Performance
NORW vs. SMIN — Risk-Adjusted Performance Rank
NORW
SMIN
NORW vs. SMIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Norway ETF (NORW) and iShares MSCI India Small-Cap ETF (SMIN). 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. SMIN - Dividend Comparison
NORW's dividend yield for the trailing twelve months is around 5.62%, less than SMIN's 13.47% 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% |
SMIN iShares MSCI India Small-Cap ETF | 13.47% | 11.43% | 0.41% | 0.01% | 1.27% | 1.07% | 1.74% | 1.68% | 0.89% | 2.30% | 0.93% | 0.34% |
Drawdowns
NORW vs. SMIN - Drawdown Comparison
The maximum NORW drawdown since its inception was -35.62%, smaller than the maximum SMIN drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for NORW and SMIN. For additional features, visit the drawdowns tool.
Volatility
NORW vs. SMIN - Volatility Comparison
The current volatility for Global X MSCI Norway ETF (NORW) is 4.75%, while iShares MSCI India Small-Cap ETF (SMIN) has a volatility of 7.00%. This indicates that NORW experiences smaller price fluctuations and is considered to be less risky than SMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.