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Global X - MSCI Norway ETF (NORW)
USD32.96
+0.19 (+0.58%)
AMEX USD US Equity
NAV
USD 32.76
+0.61% vs NAV
as of 2026-07-13
AUM
USD 86.03M
TER
0.50%
Yield (TTM)
7.69%
Distribution
Distributing · Semi-Annual
52-week range
27.92 – 39.34
Holdings
64
Issuer
Global X
About this ETF
The Global X MSCI Norway ETF, identified by its NORW ticker, aims to mirror the comprehensive financial returns—both capital appreciation and income generation—of the MSCI Norway IMI 25/50 Index, before any deductions for operational expenses.
ISIN
US37950E1010
Issuer
Global X
Domicile
US
Inception
2010-11-09
Asset class
Equity
Website
globalxetfs.com/funds/NORW
Price
Top 10 holdings
| DNB BANK ASA DNB.OL | 11.82% |
| EQUINOR ASA EQNR.OL | 11.27% |
| KONGSBERG GRUPPEN ASA KOG.OL | 6.09% |
| NORSK HYDRO ASA NHY.OL | 5.32% |
| AKER BP ASA AKRBP.OL | 4.74% |
| TELENOR ASA TEL.OL | 4.34% |
| MOWI ASA MOWI.OL | 3.93% |
| ORKLA ASA ORK.OL | 3.73% |
| STOREBRAND ASA STB.OL | 3.68% |
| SUBSEA 7 SA SUBC.OL | 3.64% |
Sector mix
Price chart
USD32.96
+0.19 (+0.58%)
Loading historical data…
Returns
| 1 month | -10.14% |
| 3 months | -14.03% |
| 6 months | +8.89% |
| Year to date | +9.72% |
| 1 year | +11.92% |
| 3 years (ann.) | +13.27% |
| 5 years (ann.) | +1.62% |
| 10 years (ann.) | +4.13% |
Risk profile
| Volatility (1y, ann.) | 17.97% |
| Sharpe (1y) | 0.72 |
| Sharpe (3y) | 0.73 |
| Sortino (1y) | 1.05 |
| Max drawdown (1y) | -19.29% |
| Max drawdown (5y) | -34.69% |
| Max drawdown (full) | -64.64% |
| Beta vs S&P 500 (1y) | 0.42 |
| Correlation vs S&P 500 (1y) | 0.29 |
Technical outlook as of 2026-07-13
Day Score (bias 0-100, not a probability)
37
P(gain) 22 sessions — probability
53%
VaR 95% (daily)
-2.26%
CVaR 95% (daily)
-3.60%
GARCH vol forecast (22d)
1.40%
Market regime (Markov)
Lateral
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Top-10 concentration
58.6%
Effective holdings
20
Disclosed positions
64
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Sector breakdown
Geographic exposure
Loading map…
Cost vs. peers
NORW
0.50%
Equity median
0.39%
Cheapest in class BKLC
0.00%
Comparison universe: 6,948 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2026-06-29 | 2026-07-07 | USD 2.1048 |
| 2025-12-30 | 2026-01-07 | USD 0.4297 |
| 2025-06-27 | 2025-07-07 | USD 0.6042 |
| 2024-12-30 | 2025-01-07 | USD 0.6025 |
| 2024-06-27 | 2024-07-05 | USD 0.8110 |
| 2023-12-28 | 2024-01-08 | USD 0.4979 |
| 2023-06-29 | 2023-07-10 | USD 0.8444 |
| 2022-12-29 | 2023-01-09 | USD 0.4710 |
| 2022-06-29 | 2022-07-08 | USD 0.5570 |
| 2021-12-30 | 2022-01-07 | USD 0.1467 |
| 2021-10-29 | 2021-11-01 | USD 0.0600 |
| 2021-06-29 | 2021-07-08 | USD 0.3130 |
| 2020-12-30 | 2021-01-08 | USD 0.1822 |
| 2020-06-29 | 2020-07-08 | USD 0.1290 |
| 2019-12-30 | 2020-01-08 | USD 0.0185 |
| 2019-06-27 | 2019-07-08 | USD 0.5211 |
| 2018-12-28 | 2019-01-08 | USD 0.6936 |
| 2017-12-28 | 2018-01-09 | USD 0.8266 |
| 2016-12-28 | 2017-01-06 | USD 0.7183 |
| 2015-12-29 | 2016-01-08 | USD 0.6317 |
| 2014-12-29 | 2015-01-08 | USD 0.8340 |
| 2013-12-27 | 2014-01-08 | USD 0.6271 |
| 2012-12-27 | 2013-01-09 | USD 0.4280 |
| 2011-12-28 | 2012-01-09 | USD 0.5907 |
| 2010-12-29 | 2011-01-07 | USD 0.1655 |
| 2009-12-29 | 2010-01-07 | USD 0.0100 |
ESG profile
Derived from holdings
covers 3.2% of the portfolio by weight
(2 scored constituents)
Environmental
57.1
class avg 63.0
Social
64.2
class avg 62.3
Governance
72.7
class avg 64.9
Total ESG
64.7
class avg 63.4
Benchmark: average of 4,066 funds of the same asset class with derived ESG data.
Similar ETFs
| Fund | TER | AUM (USD) | Yield (TTM) | Return 1y | Sharpe 1y |
|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF VTI | 0.03% | 2.30T | 1.05% | +19.93% | 1.48 |
| Vanguard S&P 500 ETF VOO | 0.03% | 1.70T | 1.07% | +19.68% | 1.49 |
| iShares Core S&P 500 ETF IVV | 0.03% | 894.38B | 1.09% | +19.68% | 1.49 |
| State Street SPDR S&P 500 ETF SPY | 0.09% | 789.23B | 1.00% | +19.71% | 1.49 |
| SPDR S&P 500 ETF Trust 1557.T | 0.09% | 789.09B | 0.49% | +37.54% | 2.26 |
| State Street SPDR S&P 500 ETF SPY.AX | 0.09% | 788.13B | 1.00% | +11.84% | 1.13 |
| Vanguard Total International Stock ETF VXUS | 0.05% | 652.30B | 2.61% | +20.58% | 1.21 |
| Invesco QQQ Trust, Series 1 QQQ | 0.18% | 481.14B | 0.43% | +28.14% | 1.43 |
| Vanguard Growth ETF VUG | 0.03% | 393.80B | 0.39% | +16.85% | 0.99 |
| Vanguard FTSE Developed Markets ETF VEA | 0.03% | 317.30B | 2.60% | +21.64% | 1.23 |
Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| iShares Core MSCI EAFE ETF IEFA | 0.07% | 187.22B | 0.8% |
| Vanguard FTSE Developed Markets ETF VEA | 0.03% | 317.30B | 0.7% |
| Vanguard Total International Stock ETF VXUS | 0.05% | 652.30B | 0.5% |
| iShares Core MSCI World UCITS ETF IWDA.AS | 0.20% | 143.20B | 0.1% |
| iShares Core MSCI World UCITS ETF SWDA.L | 0.20% | 143.31B | 0.1% |
