NORW vs VTI
Global X MSCI Norway ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. NORW delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | NORW | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $89M | $666.9B | |
| Dividend Yield | 7.21% | 1.07% | |
| Holdings | 60 | 3,543 | |
| YTD Return | +28.64% | +12.65% | |
| 1Y Return | +36.09% | +21.39% | |
| 3Y Return (annualized) | +22.18% | +21.54% | |
| 5Y Return (annualized) | +7.90% | +12.11% | |
| Volatility (annualized) | 19.1% | 15.3% | |
| Max Drawdown | -42.6% | -56.6% | |
| Fund Family | Global X by mirae Asset | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 9, 2010 | May 24, 2001 |
NORW vs VTI Performance
Global X MSCI Norway ETF (NORW) is a ETF from Global X by mirae Asset and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year NORW returned +36.09% while VTI returned +21.39%. Year to date, NORW is up 28.64% versus a gain of 12.65% for VTI.
Over three years, NORW compounded at +22.18% per year against +21.54% for VTI; over five years the annualized figures are +7.90% and +12.11% respectively. Across the full 17-year window we track, VTI has the edge at +8.07% annualized vs +7.12%. 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 15.3% for VTI. 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 -56.6% for VTI. 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 VTI charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, NORW currently yields 7.21% against 1.07% for VTI.
Holdings Overlap
NORW and VTI share 0 holdings out of 2847 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 VTI?
NORW has an expense ratio of 0.50% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, NORW or VTI?
Over the past year NORW returned +36.09% vs +21.39% for VTI, so NORW leads on 1-year performance. Over the longest common window we track (17 years), NORW annualized +7.12% vs +8.07% for VTI. Past performance does not guarantee future results.
Which is riskier, NORW or VTI?
NORW has been the more volatile fund at 19.1% annualized versus 15.3% for VTI. Worst drawdown: NORW -42.6% vs VTI -56.6%.
Should I hold both NORW and VTI?
NORW and VTI 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 VTI?
NORW and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2847 unique securities.
Which pays a higher dividend, NORW or VTI?
NORW yields 7.21% while VTI yields 1.07%, so NORW currently pays the higher dividend yield.
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