ENOR vs VYM
iShares MSCI Norway ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. ENOR delivered stronger 1-year returns. VYM offers more diversification with 568 holdings.
Side-by-Side Comparison
| Metric | ENOR | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.53% | 0.04% | |
| AUM | $92M | $79.0B | |
| Dividend Yield | 5.84% | 2.86% | |
| Holdings | 67 | 568 | |
| YTD Return | +21.04% | +16.78% | |
| 1Y Return | +29.85% | +24.43% | |
| 3Y Return (annualized) | +18.94% | +18.60% | |
| 5Y Return (annualized) | +8.31% | +12.30% | |
| Volatility (annualized) | 28.7% | 14.6% | |
| Max Drawdown | -70.2% | -58.8% | |
| Fund Family | iShares by BlackRock (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 23, 2012 | Nov 10, 2006 |
ENOR vs VYM Performance
iShares MSCI Norway ETF (ENOR) is a ETF from iShares by BlackRock (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year ENOR returned +29.85% while VYM returned +24.43%. Year to date, ENOR is up 21.04% versus a gain of 16.78% for VYM.
Over three years, ENOR compounded at +18.94% per year against +18.60% for VYM; over five years the annualized figures are +8.31% and +12.30% respectively. Across the full 15-year window we track, VYM has the edge at +7.11% annualized vs +5.61%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ENOR has been the more volatile fund, with annualized monthly volatility of 28.7% compared with 14.6% for VYM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -70.2% for ENOR and -58.8% for VYM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ENOR charges 0.53% per year while VYM charges 0.04%. On a $10,000 position that is $53 vs $4 annually, a gap of $49 per year that compounds over a long holding period. On income, ENOR currently yields 5.84% against 2.86% for VYM.
Holdings Overlap
ENOR and VYM share 0 holdings out of 619 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ENOR or VYM?
ENOR has an expense ratio of 0.53% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $49 per year of difference.
Which performed better, ENOR or VYM?
Over the past year ENOR returned +29.85% vs +24.43% for VYM, so ENOR leads on 1-year performance. Over the longest common window we track (15 years), ENOR annualized +5.61% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, ENOR or VYM?
ENOR has been the more volatile fund at 28.7% annualized versus 14.6% for VYM. Worst drawdown: ENOR -70.2% vs VYM -58.8%.
Should I hold both ENOR and VYM?
ENOR and VYM have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ENOR and VYM?
ENOR and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 619 unique securities.
Which pays a higher dividend, ENOR or VYM?
ENOR yields 5.84% while VYM yields 2.86%, so ENOR currently pays the higher dividend yield.
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