GlacierShares Nasdaq Iceland ETF
$23.35−0.32 (−1.34%)
- 0.95%
- $1M
- −11.2%
- 0M sh
- $23.80
- low $23.15high $28.72
The ETF.net GLCR Grade
F
Score 17 out of 100
- 36 of 38
Score 17 of 100 falls in the F band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 17
- This cap took
- −0
- Published Score
- 17
Cost
The fund’s net expense ratio, ranked against its category.F0 out of 100Rank 38 of 38Mission
Whether the fund did what it promised, tested against its stated mandate.D37 out of 100Rank 33 of 35Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D26 out of 100Rank 33 of 37Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F8 out of 100Rank 36 of 38Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F24 out of 100Rank 34 of 38
Our read on GLCR
FIceland, in one ticker. GLCR tracks a MarketVector index of Icelandic companies and firms tied to Iceland's economy, roughly 30 names deep, wrapped in a plain-vanilla US ETF that launched in 2025.
GLCR seeks to track, before fees and expenses, the total return of an index covering equity securities of Icelandic companies and companies related to Iceland’s economy.
Why people hold it
- Pure single-country Iceland equity exposure through a rules-based index (MarketVector Iceland Global Total Return Net), not a manager's stock picks.
- The mandate reaches past domicile: the index covers Icelandic companies plus companies tied to Iceland's economy, which widens a very shallow home market.
- Ordinary 1940 Act fund structure holding stocks, so it trades and reports like any other equity ETF (no partnership wrapper, no derivatives sleeve).
Worth knowing
- At 0.95% a year, the fee runs close to double the median for single-country developed-market ETFs, the price of reaching a market nobody else indexes.
- Small asset base and light trading. Spreads can be wider than in the big country funds like EWC or EWU, so how you enter matters more than usual.
- About 30 holdings in one small economy. Concentration cuts both ways, and the 2025 launch means no record across a full market cycle yet.
GLCR Holdings
- Stocks
- 32
- 66%
- Islandsbanki HF
Sectors
- Financials30.5%
- Consumer Staples20.5%
- Health Care17.6%
- Real Estate8.7%
- Materials7.8%
- Industrials6.8%
- Consumer Discretionary6.7%
- Communication1.4%
Geography
- Norway28.19%
- Luxembourg18.84%
- Canada17.57%
- United States10.18%
- Iceland10.13%
- Switzerland9.10%
- Faroe Islands6.00%
Developed 82% · Emerging 18%
GLCR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
GLCR$8,876
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 | GLCR |
|---|---|
| Year to date | −12.1% |
| 1 month | −4.8% |
| 3 months | +0.3% |
| 1 year | −11.2% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
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 | GLCR |
|---|---|---|
| 2026 YTD | −12.1% | |
| 2025 | +8.0% |
GLCR in the news
GLCR Dividends
- $0.26 per share
- Irregular
Distribution data unavailable.
Distribution history
GLCR Risk
- 17.9%
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.
- −0.14
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.
- −19.3%
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.
- 0.72
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GLCR Cost
0.95%
GLCR0.95%
- The middle half of Developed Single Country funds
- Median 0.50%
Every other Developed Single Country fund charges less.
Other funds in Developed Single Country
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- DENORiShares MSCI Norway ETFExpense ratio 0.53%1 year return +33.9%
- DMKORMatthews Korea Active ETF MKORExpense ratio 0.79%1 year return +100.6%
- FKMCAPLUS Korea Manufacturing Core Alliance Index ETFExpense ratio 0.65%1 year return —