NORW vs SCHD
Global X MSCI Norway ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. NORW delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | NORW | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.06% | |
| AUM | $89M | $108.7B | |
| Dividend Yield | 7.21% | 3.13% | |
| Holdings | 60 | 104 | |
| YTD Return | +29.27% | +28.63% | |
| 1Y Return | +38.83% | +32.53% | |
| 3Y Return (annualized) | +22.40% | +16.97% | |
| 5Y Return (annualized) | +8.22% | +10.47% | |
| Volatility (annualized) | 19.1% | 13.7% | |
| Max Drawdown | -42.6% | -33.4% | |
| Fund Family | Global X by mirae Asset | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Nov 9, 2010 | Oct 20, 2011 |
NORW vs SCHD Performance
Global X MSCI Norway ETF (NORW) is a ETF from Global X by mirae Asset and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year NORW returned +38.83% while SCHD returned +32.53%. Year to date, NORW is up 29.27% versus a gain of 28.63% for SCHD.
Over three years, NORW compounded at +22.40% per year against +16.97% for SCHD; over five years the annualized figures are +8.22% and +10.47% respectively. Across the full 15-year window we track, SCHD has the edge at +11.63% annualized vs +7.15%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NORW has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 13.7% for SCHD. 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 -33.4% for SCHD. 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 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
NORW charges 0.50% per year while SCHD charges 0.06%. On a $10,000 position that is $50 vs $6 annually, a gap of $44 per year that compounds over a long holding period. On income, NORW currently yields 7.21% against 3.13% for SCHD.
Holdings Overlap
NORW and SCHD share 0 holdings out of 160 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 SCHD?
NORW has an expense ratio of 0.50% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $44 per year of difference.
Which performed better, NORW or SCHD?
Over the past year NORW returned +38.83% vs +32.53% for SCHD, so NORW leads on 1-year performance. Over the longest common window we track (15 years), NORW annualized +7.15% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, NORW or SCHD?
NORW has been the more volatile fund at 19.1% annualized versus 13.7% for SCHD. Worst drawdown: NORW -42.6% vs SCHD -33.4%.
Should I hold both NORW and SCHD?
NORW and SCHD have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NORW and SCHD?
NORW and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 160 unique securities.
Which pays a higher dividend, NORW or SCHD?
NORW yields 7.21% while SCHD yields 3.13%, so NORW currently pays the higher dividend yield.
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