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NORW
+1.99 · +6.67%
$31.92 · NYSE ARCA

Global X MSCI Norway ETF (NORW) ETF Analysis | Miscellaneous Region

Global X Funds · United States
AUM:$72.0M
#– of – in Miscellaneous Region ETFs

Educational tool only – Figures are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

Up 44.3% over the past year, reflecting strong price momentum.

Cost Efficiency

Ongoing charge of 0.51% — moderate cost. Consider how fees compound over long holding periods.

What is NORW?

The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the underlying index. The underlying index is designed to represent the performance of the broad Norway equity universe.

Performance Highlights

Returns (%)
Top Sectors (%)

Investment Breakdown

Strong Recent Performance
NORW delivered 44.3% over the past year. Historical returns only — past performance is not indicative of future results.
Moderate Cost
Expense ratio of 0.51%. Consider how fees compound over a long holding period.
Concentrated Holdings
Top 10 holdings account for 62.8% of the ETF — significant weight in a small number of names.
ETF Information
AUM$72.0M
Expense Ratio0.51%
Dividend Yield3.15%
Holdings50
Inception DateNov 2010
DomicileUnited States
DistributionNA
Index–
ProviderGlobal X Funds
Beta0.88
CategoryMiscellaneous Region
CurrencyUSD
Portfolio Impact

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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+3.7%
1Y
+27.1%
3Y
+71.6%
5Y
+37.9%
OpenBook InsightIf you had invested £10,000 in NORW 5 years ago, it would have grown to £13,787 — a gain of £3,787.

Annual Returns

Calendar year performance

NORW delivered positive returns in 3 of the last 5 calendar years.
YearNORW
2026 YTD+22.0%
2025+30.9%
2024-0.6%
2023+8.0%
2022-13.2%
CAGR 4yr+5.1%
3/5 positive yearsAvg return: +9.4%Worst year: -13.2% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: POSITIVE
Trend Strength
100%
Positive
Volatility
13.6%
Low
Momentum
+11.3%
30-day change
Support Level
34.93
Key floor
Key Insights
  • Price is currently trading above all key moving averages.
  • Low volatility environment with a narrower recent trading range.
  • Monitor key support and resistance levels as part of broader risk assessment.
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