iShares MSCI Norway ETF
$35.99+0.70 (+1.98%)
- 0.53%
- $223M
- +33.9%
- 5.21%
- 0.1M sh
- $35.18
- low $26.70high $38.15
The ETF.net ENOR Grade
D
Score 34 out of 100
- 34 of 38
Score 34 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D30 out of 100Rank 26 of 38Mission
Whether the fund did what it promised, tested against its stated mandate.F13 out of 100Rank 35 of 35Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C52 out of 100Rank 14 of 37Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C40 out of 100Rank 26 of 38Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B60 out of 100Rank 13 of 36Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B58 out of 100Rank 17 of 38
Our read on ENOR
DOne ticker for Norway's listed market, large caps down to small. The index reaches roughly 99% of the country's investable stocks and applies caps that stop any single giant from swallowing the fund.
The fund seeks to track an index composed of Norwegian equities and provides targeted, single-country exposure to companies in Norway.
Why people hold it
- Broad reach for a single-country fund: the MSCI Norway IMI 25/50 Index spans large, mid and small caps and covers about 99% of Norway's free float-adjusted market.msci.com
- Concentration limits are built into the index. It applies the 25/50 caps US funds must respect, so no one stock can run away with the portfolio.msci.commsci.com
- Over a decade of live history, launched by iShares in 2012 and traded through multiple market cycles since.ishares.com
Worth knowing
- The 0.53% fee sits a touch above the median for developed single-country funds, and well above the 0.09% charged by trackers such as FLKR and FLAU.
- About 60 stocks in one small market, and the krone matters: returns reflect the currency's move against the dollar as well as the shares.ishares.com
- Modest in size and only moderately traded, so spreads can run wider than on giant broad-market funds. Limit orders are your friend.
ENOR Holdings
- Stocks
- 62
- 58%
- EQNR.OL
Sectors
- Energy30.9%
- Financials23.4%
- Industrials15.6%
- Consumer Staples11.5%
- Materials8.6%
- Communication5.4%
- Technology3.3%
- Utilities0.7%
- Consumer Discretionary0.6%
- Real Estate0.2%
Geography
- Norway89.12%
- United Kingdom3.98%
- Cyprus3.51%
- Singapore1.12%
- Faroe Islands1.03%
- Bermuda0.67%
- Denmark0.57%
Developed 95% · Emerging 5%
ENOR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
ENOR$13,391
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ENOR |
|---|---|
| Year to date | +28.3% |
| 1 month | −4.4% |
| 3 months | +8.9% |
| 1 year | +33.9% |
| 3 years | +21.1% |
| 5 years | +8.4% |
| 10 years | +9.1% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ENOR |
|---|---|---|
| 2026 YTD | +28.3% | |
| 2025 | +32.0% | |
| 2024 | −2.2% | |
| 2023 | +4.8% | |
| 2022 | −12.5% | |
| 2021 | +18.7% | |
| 2020 | +2.5% |
ENOR in the news
ENOR Dividends
- 5.21%
- $1.84
- $1.56 per share
- Twice a year
Distribution history
ENOR Risk
- 18.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.85
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −32.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.50
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ENOR Cost
0.53%
ENOR0.53%
- The middle half of Developed Single Country funds
- Median 0.50%
25 of the 38 Developed Single Country funds charge less.
Other funds in Developed Single Country
- DKRWXCorgi ETF Trust I - Corgi South Korea 2x Daily ETFExpense ratio 0.45%1 year return —
- DEDENiShares MSCI Denmark ETFExpense ratio 0.53%1 year return +2.6%
- DMKORMatthews Korea Active ETF MKORExpense ratio 0.79%1 year return +100.6%
- FGLCRGlacierShares Nasdaq Iceland ETFExpense ratio 0.95%1 year return −11.2%
- FKMCAPLUS Korea Manufacturing Core Alliance Index ETFExpense ratio 0.65%1 year return —