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Launched · SEC filings

iShares MSCI Norway ETF

ENORCboeiSharesD

$37.04−0.60 (−1.61%)

At close: Nov 2, 2026, 4:00 PM ET

D35/ 100

Rank 34 of 38 in Developed Single Country

D35/100Rank 34 of 38inDeveloped Single Country
Intraday session: down, 79 prints from 37.65 to 37.04. Range 36.91 to 37.50. Use the arrow keys to read each point.37.2037.4010 AM12 PM2 PM4 PM
Expense ratio
0.53%
Fund size
$347M
1Y total return
+44.0%
Yield · Last 12 months
4.89%
Holdings
62
Avg volume · 30D
103K sh
52W range
low $26.70high $38.15
Launched
Filings
SEC EDGAR

The ETF.net ENOR Grade

D

Score 35 out of 100

Category
Developed Single Country⁠
Rank
34 of 38
Six-pillar profile for ENOR. Scores out of 100: Cost 30, Risk 62, Mission 12, Tradability 41, Holdings 56, Durability 61. Strongest: Risk (62). Weakest: Mission (12). No single pillar leads.

Score 35 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 100
    Rank 26 of 38

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    F12 out of 100
    Rank 35 of 35

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B62 out of 100
    Rank 11 of 38

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C41 out of 100
    Rank 24 of 38

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B56 out of 100
    Rank 17 of 36

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B61 out of 100
    Rank 15 of 38

Our read on ENOR

ETF.net Research

In short

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.

Stated mandate

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 2
  • 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

Holdings pillarB56 out of 100Rank 17 of 36 in Developed Single Country
Asset class
Stocks
Holdings
62
Top-10 weight
59%
Largest holding
EQNR.OL13.3%

Sectors

  • Energy33.8%
  • Financials23.3%
  • Industrials13.9%
  • Consumer Staples11.1%
  • Materials7.5%
  • Communication5.2%
  • Technology3.5%
  • Consumer Discretionary1.0%
  • Utilities0.5%
  • Real Estate0.2%

Geography

  • Norway97.82%
  • Singapore1.06%
  • United States0.94%
  • Mexico0.19%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1EQNR.OLEquinor13.26%944,798$45.9M127
2DNB.OLDnb Bank11.47%1,138,670$39.7M132
3KOG.OLKongsberg Gruppen6.70%600,421$23.2M102
4AKRBP.OLAker Bp5.59%454,124$19.4M115
5MOWI.OLMowi4.27%625,139$14.8M105
6NHY.OLNorsk Hydro3.83%1,848,178$13.3M116
7TEL.OLTelenor3.66%884,995$12.7M95
8STB.OLStorebrand3.43%564,727$11.9M67
9FRO.OLFrontline PLC3.38%207,989$11.7M53
10SUBC.OLSubsea3.29%322,942$11.4M65
11ORK.OLOrkla3.15%1,027,021$10.9M101
12YAR.OLYara International2.82%228,570$9.78M116
13VAR.OLVar Energi2.49%1,344,021$8.63M108
14GJF.OLGjensidige Forsikring2.35%287,410$8.16M99
15SB1NO.OLSparebank Sr-Norge2.13%293,462$7.38M58

Showing 1–15 of 62 holdings

ENOR Performance

Launched Jan 23, 2012

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

ENOR$14,396
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. ENOR $14,396. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000$14,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for ENOR. Periods over one year show the average yearly return.
PeriodENOR
Year to date+36.8%
1 month+7.5%
3 months+7.8%
1 year+44.0%
3 yearsper year+25.2%
5 yearsper year+9.0%
10 yearsper year+9.8%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ENOR
YearReturn barENOR
2026 YTD+36.8%
2025+32.0%
2024−2.2%
2023+4.8%
2022−12.5%
2021+18.7%
2020+2.5%

ENOR in the news

ENOR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
4.89%Last 12 months
Payout per share
$1.84Last 12 months
Last payment
$1.56 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.45; Dec 19, 2017 $0.19; Jun 19, 2018 $0.50; Dec 18, 2018 $0.14; Jun 17, 2019 $0.66; Dec 16, 2019 $0.13; Jun 15, 2020 $0.29; Dec 14, 2020 $0.31; Jun 10, 2021 $0.41; Dec 13, 2021 $0.24; Jun 9, 2022 $0.69; Dec 13, 2022 $0.30; Jun 7, 2023 $0.82; Dec 20, 2023 $0.42; Jun 11, 2024 $0.88; Dec 17, 2024 $0.54; Jun 16, 2025 $0.57; Dec 16, 2025 $0.28; Jun 15, 2026 $1.56. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 15, 2026Jun 18, 2026$1.56
Dec 16, 2025Dec 19, 2025$0.28
Jun 16, 2025Jun 20, 2025$0.57
Dec 17, 2024Dec 20, 2024$0.54
Jun 11, 2024Jun 17, 2024$0.88
Dec 20, 2023Dec 27, 2023$0.42
Jun 7, 2023Jun 13, 2023$0.82
Dec 13, 2022Dec 19, 2022$0.30
Jun 9, 2022Jun 15, 2022$0.69
Dec 13, 2021Dec 17, 2021$0.24
Jun 10, 2021Jun 16, 2021$0.41
Dec 14, 2020Dec 18, 2020$0.31

See all 29 payments⁠

$10,000 in ENOR 10 years ago paid $4,551 in dividends.⁠

ENOR Risk

Risk pillarB62 out of 100Rank 11 of 38 in Developed Single Country
How much the fund’s monthly returns vary, scaled to a year.
18.5%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.07
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−32.6%
Trough Sep 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.50
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

ENOR Cost

Compare ENOR and FLKR

Overpaying vs FLKR, tied cheapest in Developed Single Country

$8,638

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ENOR 0.53%

    $10,536

  • FLKR 0.09% Tied cheapest

    $1,898

$10,000
30 years

Cost over time

  • ENOR 0.53%
  • FLKR 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530ENOR $10,536FLKR $1,898

Year by year

YearENORFLKROverpaying
10$953$165$788
20$3,658$646$3,012
30$10,536$1,898$8,638

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