NORW vs VYM
Global X MSCI Norway ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. NORW delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | NORW | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.04% | |
| AUM | $89M | $81.6B | |
| Dividend Yield | 7.21% | 2.24% | |
| Holdings | 60 | 616 | |
| YTD Return | +28.64% | +14.66% | |
| 1Y Return | +36.09% | +22.16% | |
| 3Y Return (annualized) | +22.18% | +18.72% | |
| 5Y Return (annualized) | +7.90% | +12.18% | |
| Volatility (annualized) | 19.1% | 14.6% | |
| Max Drawdown | -42.6% | -58.8% | |
| Fund Family | Global X by mirae Asset | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 9, 2010 | Nov 10, 2006 |
NORW vs VYM Performance
Global X MSCI Norway ETF (NORW) is a ETF from Global X by mirae Asset and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year NORW returned +36.09% while VYM returned +22.16%. Year to date, NORW is up 28.64% versus a gain of 14.66% for VYM.
Over three years, NORW compounded at +22.18% per year against +18.72% for VYM; over five years the annualized figures are +7.90% and +12.18% respectively. Across the full 17-year window we track, NORW has the edge at +7.12% annualized vs +7.01%. 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 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 -42.6% for NORW 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
NORW charges 0.50% per year while VYM charges 0.04%. On a $10,000 position that is $50 vs $4 annually, a gap of $46 per year that compounds over a long holding period. On income, NORW currently yields 7.21% against 2.24% for VYM.
Holdings Overlap
NORW and VYM share 0 holdings out of 663 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 VYM?
NORW has an expense ratio of 0.50% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $46 per year of difference.
Which performed better, NORW or VYM?
Over the past year NORW returned +36.09% vs +22.16% for VYM, so NORW leads on 1-year performance. Over the longest common window we track (17 years), NORW annualized +7.12% vs +7.01% for VYM. Past performance does not guarantee future results.
Which is riskier, NORW or VYM?
NORW has been the more volatile fund at 19.1% annualized versus 14.6% for VYM. Worst drawdown: NORW -42.6% vs VYM -58.8%.
Should I hold both NORW and VYM?
NORW and VYM have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between NORW and VYM?
NORW and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 663 unique securities.
Which pays a higher dividend, NORW or VYM?
NORW yields 7.21% while VYM yields 2.24%, so NORW currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.