NORW vs. VOO
Compare and contrast key facts about Global X MSCI Norway ETF (NORW) and Vanguard S&P 500 ETF (VOO).
NORW and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both NORW and VOO 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 VOO.
Key characteristics
| NORW | VOO | |
|---|---|---|
| YTD Return | -0.67% | 26.88% |
| 1Y Return | 8.61% | 37.59% |
| 3Y Return (Ann) | -4.54% | 10.23% |
| 5Y Return (Ann) | 6.71% | 15.93% |
| 10Y Return (Ann) | 3.97% | 13.41% |
| Sharpe Ratio | 0.50 | 3.06 |
| Sortino Ratio | 0.79 | 4.08 |
| Omega Ratio | 1.09 | 1.58 |
| Calmar Ratio | 0.41 | 4.43 |
| Martin Ratio | 2.26 | 20.25 |
| Ulcer Index | 4.15% | 1.85% |
| Daily Std Dev | 18.66% | 12.23% |
| Max Drawdown | -35.62% | -33.99% |
| Current Drawdown | -16.07% | -0.30% |
Correlation
The correlation between NORW and VOO is 0.66, 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. VOO - Performance Comparison
In the year-to-date period, NORW achieves a -0.67% return, which is significantly lower than VOO's 26.88% return. Over the past 10 years, NORW has underperformed VOO with an annualized return of 3.97%, while VOO has yielded a comparatively higher 13.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NORW vs. VOO - Expense Ratio Comparison
NORW has a 0.50% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
NORW vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Norway ETF (NORW) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
NORW's dividend yield for the trailing twelve months is around 5.34%, more than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NORW Global X MSCI Norway ETF | 5.34% | 5.27% | 4.01% | 2.42% | 1.13% | 2.47% | 3.54% | 3.64% | 3.78% | 2.95% | 3.85% | 2.58% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
NORW vs. VOO - Drawdown Comparison
The maximum NORW drawdown since its inception was -35.62%, roughly equal to the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for NORW and VOO. For additional features, visit the drawdowns tool.
Volatility
NORW vs. VOO - Volatility Comparison
Global X MSCI Norway ETF (NORW) has a higher volatility of 5.40% compared to Vanguard S&P 500 ETF (VOO) at 3.89%. This indicates that NORW's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.