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FLCA vs NORW

Franklin FTSE Canada ETF

FLCAANYSE Arca

Global X MSCI Norway ETF

NORWCNYSE Arca

Overlap

Expense ratio

FLCA −0.41pt a year

FLCA0.09%NORW0.50%

Avg volume · 30D

FLCA 1.7×the volume

FLCA49KNORW29.1K

5Y return · a year

FLCA +2.8pt

FLCA+11.7%NORW+8.9%

FLCA vs NORW Performance

Oct 29, 2021 – Oct 30, 2026

+73.7%FLCA+53.2%NORW

Oct 29, 2021 to Oct 30, 2026. FLCA +73.7%. NORW +53.2%. Use the arrow keys to read each point.−20%0%20%40%Oct 2021Apr 2024Oct 2026
Expense ratio
FLCA 0.09%, better
NORW 0.50%
Fund size
FLCA $857M
NORW $96M
1Y total return
FLCA +21.5%
NORW +44.0%, better
Yield (12M)
FLCA 1.70%
NORW 6.61%, better
Holdings
FLCA 92
NORW 61
Avg volume (30D)
FLCA 49K sh, better
NORW 29.1K sh
NAV per share
FLCA $54.21
NORW $38.37
52W range

ETF.net Grade

FLCA: Cost 93, Risk 87, Mission 65, Tradability 69, Holdings 81, Durability 53. NORW: Cost 55, Risk 62, Mission 14, Tradability 47, Holdings 60, Durability 39.
Pillar letters and Scores for FLCA, NORW, with each pillar’s weight
PillarFLCANORW
Cost30% weightA93HigherB55
Mission25% weightB65HigherF14
Risk15% weightA87HigherB62
Tradability15% weightB69HigherC47
Holdings10% weightA81HigherB60
Durability5% weightC53HigherD39

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. FLCA and NORW 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 NORW 27th 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 26CFSZFirst Trust Switzerland AlphaDEX FundScore 45
  5. Rank 27CNORWGlobal X MSCI Norway ETFScore 44
  6. Rank 28CEISiShares MSCI Israel ETFScore 43

Our read on each fund

ETF.net Research

FLCAAFranklin FTSE Canada ETF

NORWCGlobal X MSCI Norway ETF

In short

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.

NORW Norway in one ticker: not a skim of the blue chips, but the large, mid and small caps that make up nearly all of Oslo's investable market, with index caps that keep any single giant from taking over.

Stated mandate

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

NORW NORW seeks to track, before fees and expenses, the price and yield performance of the MSCI Norway IMI 25/50 Index.

Why people hold it

  • 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.
  • NORW The index reaches past the blue chips: large, mid and small caps covering roughly 99% of Norway's free-float market value, about 60 stocks in all.msci.com
  • A 25/50 capping rule borrowed from US fund tax law holds any one component to 25% of the index, so a single national champion cannot quietly become the whole fund.msci.commsci.com 2
  • Trading since 2010 under Global X, at a 0.50% expense ratio that sits right at the median for single-country developed-market funds.globalxetfs.com

Worth knowing

  • 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.
  • NORW That 0.50% is median, not cheap. Broad single-country peers like FLKR and FLAU charge 0.09%, though neither one buys Norway.
  • One country, one currency, about 60 stocks. Results are measured in US dollars, so krone swings land in your return alongside the stocks themselves.msci.com
  • Distributions arrive once or twice a year rather than monthly, and volume is moderate rather than deep, which can matter on larger orders.

Full FLCA profile⁠

Full NORW profile⁠

FLCA vs NORW Holdings

As of
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.

FLCA vs NORW Cost

Overpaying NORW vs FLCA

$8,081

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

  • FLCA 0.09%

    $1,898

  • NORW 0.50%

    $9,979

$10,000
30 years

Cost over time

  • FLCA 0.09%
  • NORW 0.50%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530NORW $9,979FLCA $1,898

Year by year

YearFLCANORWOverpaying
10$165$900$735
20$646$3,460$2,814
30$1,898$9,979$8,081

Expense ratio

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

FLCA cheapest of 38 funds

NORW 14th cheapest of 38 funds

FLCA vs NORW Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FLCA 1.70%
NORW 6.61%, better
Payout (12M)
FLCA $0.92
NORW $2.53
Last payment
FLCA $0.39
NORW $2.10
Ex-dividend
FLCA Jun 26, 2026
NORW Jun 29, 2026
Paid on
FLCA Jul 6, 2026
NORW Jul 7, 2026
Frequency
FLCA Twice a year
NORW Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

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$22017202020232026YTD
NORWTwice a year · 18 paymentsAll NORW payments⁠
One bar per payment. 18 payments from 2017 to 2026 YTD. Dec 28, 2017 $0.83; Dec 28, 2018 $0.69; Jun 27, 2019 $0.52; Dec 30, 2019 $0.02; Jun 29, 2020 $0.13; Dec 30, 2020 $0.18; Jun 29, 2021 $0.31; Oct 29, 2021 $0.06; Dec 30, 2021 $0.15; Jun 29, 2022 $0.56; Dec 29, 2022 $0.47; Jun 29, 2023 $0.84; Dec 28, 2023 $0.50; Jun 27, 2024 $0.81; Dec 30, 2024 $0.60; Jun 27, 2025 $0.60; Dec 30, 2025 $0.43; Jun 29, 2026 $2.10. Use the arrow keys to read each point.$0$22017202020232026YTD

FLCA vs NORW Risk

Fall from peak · 5 years

  • FLCA
  • NORW
Oct 29, 2021 to Oct 30, 2026. Worst fall: NORW −32.7% · Sep 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
FLCA 13.1%, betterNORW 18.4%
Return per unit of riskSharpe ratio, 3 years
FLCA 1.54, betterNORW 1.07
Worst fallMax drawdown, 5 years
FLCA −24.2%, betterNORW −32.7%
Market sensitivityBeta, 5 years
FLCA 0.81NORW 0.46

FLCA and NORW in the news

All news⁠

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