Skip to content
etf.net

ENOR vs FLCA

iShares MSCI Norway ETF

ENORDCboe

Franklin FTSE Canada ETF

FLCAANYSE Arca

Overlap

Expense ratio

FLCA −0.44pt a year

ENOR0.53%FLCA0.09%

Avg volume · 30D

ENOR 2.1×the volume

ENOR103KFLCA49K

5Y return · a year

FLCA +2.7pt

ENOR+9.0%FLCA+11.7%

ENOR vs FLCA Performance

Oct 29, 2021 – Oct 30, 2026

+53.8%ENOR+73.7%FLCA

Oct 29, 2021 to Oct 30, 2026. ENOR +53.8%. FLCA +73.7%. Use the arrow keys to read each point.−20%0%20%40%Oct 2021Apr 2024Oct 2026
Expense ratio
ENOR 0.53%
FLCA 0.09%, better
Fund size
ENOR $347M
FLCA $857M
1Y total return
ENOR +44.0%, better
FLCA +21.5%
Yield (12M)
ENOR 4.89%, better
FLCA 1.70%
Holdings
ENOR 62
FLCA 92
Avg volume (30D)
ENOR 103K sh, better
FLCA 49K sh
NAV per share
ENOR $37.87
FLCA $54.21
52W range

ETF.net Grade

ENOR: Cost 30, Risk 62, Mission 12, Tradability 41, Holdings 56, Durability 61. FLCA: Cost 93, Risk 87, Mission 65, Tradability 69, Holdings 81, Durability 53.
Pillar letters and Scores for ENOR, FLCA, with each pillar’s weight
PillarENORFLCA
Cost30% weightD30A93Higher
Mission25% weightF12B65Higher
Risk15% weightB62A87Higher
Tradability15% weightC41B69Higher
Holdings10% weightB56A81Higher
Durability5% weightB61HigherC53

Rank among Developed Single Country funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ENOR and FLCA are both graded against the same 38 Developed Single Country funds, so their Grades compare head to head.

Developed Single Country⁠

Category · 38 funds
See all 38 ›

FLCA ranks 1st and ENOR 34th of 38 funds in the Developed Single Country Category.

  1. Rank 1AEWCiShares MSCI Canada ETFScore 78
  2. Rank 1AFLCAFranklin FTSE Canada ETFScore 78
  3. Rank 3AFLGBFranklin FTSE United Kingdom ETFScore 76
  4. Rank 33DEDENiShares MSCI Denmark ETFScore 37
  5. Rank 34DENORiShares MSCI Norway ETFScore 35
  6. Rank 35DISRLDefiance KSM Israel 120 ETFScore 32

Our read on each fund

ETF.net Research

ENORDiShares MSCI Norway ETF

FLCAAFranklin FTSE Canada ETF

In short

ENOR One 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.

FLCA Canada in one ticker, at index-fund pricing. FLCA tracks the FTSE Canada Capped Index, about 50 large- and mid-cap Canadian names, for 0.09% a year.

Stated mandate

ENOR The fund seeks to track an index composed of Norwegian equities and provides targeted, single-country exposure to companies in Norway.

FLCA The fund seeks to track the FTSE Canada Capped Index, which measures the performance of Canadian large- and mid-capitalization stocks.

Why people hold it

  • ENOR 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
  • FLCA 0.09% a year against a 0.45% median for index-tracking ETFs. On plain-vanilla country exposure, the fee gap is most of the story.
  • The mandate is refreshingly plain: the FTSE Canada Capped Index, Canadian large and mid caps, no factor tilts, no derivatives overlay.
  • Live since 2017 and one of the stronger implementations in a crowded field of index trackers.

Worth knowing

  • ENOR 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.
  • FLCA About 50 stocks in one country. That is a targeted slice of the world, not a diversified core.
  • Mid-sized and moderately traded, so limit orders are the sane way in and out.
  • Distributions arrive once or twice a year rather than quarterly, which matters if you spend the income.

Full ENOR profile⁠

Full FLCA profile⁠

ENOR vs FLCA Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ENOR vs FLCA Cost

Overpaying ENOR vs FLCA

$8,638

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

  • ENOR 0.53%

    $10,536

  • FLCA 0.09%

    $1,898

$10,000
30 years

Cost over time

  • ENOR 0.53%
  • FLCA 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 $10,536FLCA $1,898

Year by year

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

Expense ratio

  • 0.53%ENOR
  • 0.09%FLCA, cheaper
  • Middle half of Developed Single Country funds
  • Median 0.50%

FLCA cheapest of 38 funds

ENOR 26th cheapest of 38 funds

ENOR vs FLCA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ENOR 4.89%, better
FLCA 1.70%
Payout (12M)
ENOR $1.84
FLCA $0.92
Last payment
ENOR $1.56
FLCA $0.39
Ex-dividend
ENOR Jun 15, 2026
FLCA Jun 26, 2026
Paid on
ENOR Jun 18, 2026
FLCA Jul 6, 2026
Frequency
ENOR Twice a year
FLCA Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

ENORTwice a year · 19 paymentsAll ENOR payments⁠
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.$0$12017202020232026YTD
FLCATwice a year · 19 paymentsAll FLCA payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Dec 20, 2017 $0.02; Jun 20, 2018 $0.18; Dec 20, 2018 $0.46; Jun 11, 2019 $0.23; Dec 11, 2019 $0.37; Jun 11, 2020 $0.26; Dec 14, 2020 $0.42; Jun 10, 2021 $0.24; Dec 13, 2021 $0.44; Dec 30, 2021 $0.02; Jun 17, 2022 $0.05; Dec 16, 2022 $0.60; Jun 16, 2023 $0.30; Dec 15, 2023 $0.52; Jun 21, 2024 $0.36; Dec 20, 2024 $0.55; Jun 20, 2025 $0.37; Dec 19, 2025 $0.53; Jun 26, 2026 $0.39. Use the arrow keys to read each point.$0$12017202020232026YTD

ENOR vs FLCA Risk

Fall from peak · 5 years

  • ENOR
  • FLCA
Oct 29, 2021 to Oct 30, 2026. Worst fall: ENOR −32.6% · Sep 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
ENOR 18.5%FLCA 13.1%, better
Return per unit of riskSharpe ratio, 3 years
ENOR 1.07FLCA 1.54, better
Worst fallMax drawdown, 5 years
ENOR −32.6%FLCA −24.2%, better
Market sensitivityBeta, 5 years
ENOR 0.50FLCA 0.81

ENOR and FLCA in the news

All news⁠

Popular comparisons

  • ENORDvsEWCA

    iShares MSCI Norway ETF · iShares MSCI Canada ETF

    Expense ratio
    0.53% · 0.50%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FLCAAvsEWCA

    Franklin FTSE Canada ETF · iShares MSCI Canada ETF

    Expense ratio
    0.09% · 0.50%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ENORDvsFLGBA

    iShares MSCI Norway ETF · Franklin FTSE United Kingdom ETF

    Expense ratio
    0.53% · 0.09%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FLCAAvsFLGBA

    Franklin FTSE Canada ETF · Franklin FTSE United Kingdom ETF

    Expense ratio
    0.09% · 0.09%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ENORDvsBBCAA

    iShares MSCI Norway ETF · JPMorgan BetaBuilders Canada ETF

    Expense ratio
    0.53% · 0.19%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FLCAAvsBBCAA

    Franklin FTSE Canada ETF · JPMorgan BetaBuilders Canada ETF

    Expense ratio
    0.09% · 0.19%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.