NORW vs QQQ
Global X MSCI Norway ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. NORW delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | NORW | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.18% | |
| AUM | $89M | $496.3B | |
| Dividend Yield | 7.21% | 0.44% | |
| Holdings | 60 | 108 | |
| YTD Return | +30.88% | +16.64% | |
| 1Y Return | +37.31% | +27.27% | |
| 3Y Return (annualized) | +23.34% | +25.96% | |
| 5Y Return (annualized) | +8.00% | +14.54% | |
| Volatility (annualized) | 19.1% | 30.6% | |
| Max Drawdown | -42.6% | -83.0% | |
| Fund Family | Global X by mirae Asset | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Nov 9, 2010 | Mar 10, 1999 |
NORW vs QQQ Performance
Global X MSCI Norway ETF (NORW) is a ETF from Global X by mirae Asset and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year NORW returned +37.31% while QQQ returned +27.27%. Year to date, NORW is up 30.88% versus a gain of 16.64% for QQQ.
Over three years, NORW compounded at +23.34% per year against +25.96% for QQQ; over five years the annualized figures are +8.00% and +14.54% respectively. Across the full 17-year window we track, QQQ has the edge at +13.03% annualized vs +7.22%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 19.1% for NORW. 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 -42.6% for NORW and -83.0% for QQQ. 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NORW charges 0.50% per year while QQQ charges 0.18%. On a $10,000 position that is $50 vs $18 annually, a gap of $32 per year that compounds over a long holding period. On income, NORW currently yields 7.21% against 0.44% for QQQ.
Holdings Overlap
NORW and QQQ share 0 holdings out of 162 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, NORW or QQQ?
NORW has an expense ratio of 0.50% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, NORW or QQQ?
Over the past year NORW returned +37.31% vs +27.27% for QQQ, so NORW leads on 1-year performance. Over the longest common window we track (17 years), NORW annualized +7.22% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, NORW or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 19.1% for NORW. Worst drawdown: NORW -42.6% vs QQQ -83.0%.
Should I hold both NORW and QQQ?
NORW and QQQ have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NORW and QQQ?
NORW and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 162 unique securities.
Which pays a higher dividend, NORW or QQQ?
NORW yields 7.21% while QQQ yields 0.44%, so NORW currently pays the higher dividend yield.
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