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ETFs

Global X MSCI Norway ETF

NORW
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 17 2009
Expense Ratio
0.50%
Type
Global Ex. US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$197,824
AUM
$57,298,835
Associated Index
MSCI Norway IMI 25/50 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes

Top 10 Holdings

EQNR
Equinor ASA
17.75%
DNB
DNB Bank ASA
11.41%
AKRBP
Aker BP ASA
5.30%
TEL
Telenor ASA
4.89%
MOWI
Mowi ASA
4.78%
NHY
Norsk Hydro
4.70%
YAR
Yara International ASA.
3.82%
ORK
Orkla
3.52%
SALM
Salmar Asa
2.27%
KOG
Kongsberg Gruppen ASA
2.24%
Invest with NORW

What is NORW?

NORW seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Norway IMI 25/50 Index. On 10/27, the Global X FTSE Nordic Region ETF (GXF) changed the underlying index it tracks (as well as its portfolio holdings) to the MSCI Norway IMI 25/20 Index. The Global X MSCI Norway ETF (NORW) & GXF traded as usual on 10/28/2021 and on 10/29/2021, with both funds tracking the MSCI Norway IMI 25/20 Index. Following the close on 10/29, GXF acquired NORW, and GXF changed its name to the 'Global X MSCI Norway ETF' and its ticker to 'NORW'. As GXF is the acquiring fund, the merged fund retained GXF's original CUSIP & ISIN.

ETFs related toNORW

ETFs correlated to NORW include ICOW, FYLD, GUNR

NORW
Global X Funds - Global X MSCI Norway ETF
ICOW
Pacer Funds Trust - Pacer Developed Markets International Cash Cows 100 ETF
FYLD
Cambria Investment Management LP - Cambria Foreign Shareholder Yield ETF
GUNR
FlexShares Trust - FlexShares Global Upstream Natural Resources Index Fund
RLY
SSgA Active Trust - SPDR SSgA Multi-Asset Real Return ETF
AVIV
American Century ETF Trust - Avantis International Large Cap Value ETF
GNR
SSgA Active Trust - SPDR S&P Global Natural Resources ETF
DFIV
Dimensional ETF Trust - Dimensional International Value ETF
AVDV
American Century ETF Trust - Avantis International Small Cap Value ETF
VYMI
Vanguard Group, Inc. - Vanguard International High Dividend Yield ETF
GCOW
Pacer Funds Trust - Pacer Global Cash Cows Dividend ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toNORW

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with NORW using Composer

FAQ

NORW is a Global Ex. US Equities ETF. NORW seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Norway IMI 25/50 Index. On 10/27, the Global X FTSE Nordic Region ETF (GXF) changed the underlying index it tracks (as well as its portfolio holdings) to the MSCI Norway IMI 25/20 Index. The Global X MSCI Norway ETF (NORW) & GXF traded as usual on 10/28/2021 and on 10/29/2021, with both funds tracking the MSCI Norway IMI 25/20 Index. Following the close on 10/29, GXF acquired NORW, and GXF changed its name to the 'Global X MSCI Norway ETF' and its ticker to 'NORW'. As GXF is the acquiring fund, the merged fund retained GXF's original CUSIP & ISIN.

NORW tracks the MSCI Norway IMI 25/50 Index.

No, NORW is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, NORW is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on NORW is 0.0391%. This is the percent change in the value of NORW over the most recent 1-month period. The 3-month return on NORW is 0.0746%. This is the percent change in the value of NORW over the most recent 3-month period.

The standard deviation of NORW for the past year is 0.2454%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to NORW include ENOR, EWZ, and EWW.

ETFs correlated to NORW include ICOW, FYLD, and GUNR.

ETFs that are inversely correlated to NORW include EFZ, EPV, and DUG.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.