NORW Performance — Global X MSCI Norway ETF
Data updated: 2026-09-29
NORW returned +14.10% year to date and +32.52% over one year to Jul 2026. Annualised returns are +18.62% over 3 years and +20.89% over 5 years. The fund beat its Europe Equity category average: $100 invested three years ago grew to $167, against $124 for the category, and to $133 over one year, against $97. Volatility over the past three years was 17.32% a year. In the 12 months to Jul 2026 the fund took in a net $19.9M, and assets reached $87.72M.
NORW Growth of $100
What $100 invested in Global X MSCI Norway ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Europe Equity category average over the same months.
| Period | NORW | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $133 | $97 |
| 3 years (Aug 2023 – Jul 2026) | $167 | $124 |
| 5 years (Jul 2020 – Jul 2026) | $258 | $208 |
| Since data start (Aug 2019 – Jul 2026) | $281 | $204 |
NORW Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +14.10% |
| 1 year | +32.52% |
| 3 years (annualised) | +18.62% |
| 5 years (annualised) | +20.89% |
NORW Annual Returns
Calendar-year total returns of Global X MSCI Norway ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +14.10% |
| 2025 | +36.19% |
| 2024 | +13.77% |
| 2023 | +3.80% |
| 2022 (Nov–Dec) | −1.45% |
| 2021 (Jan–Oct) | +30.23% |
| 2020 | +12.46% |
| 2019 (Aug–Dec) | +6.22% |
NORW Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.0% | +2.0% | +5.8% | +8.6% | +9.9% | −11.1% | −0.3% | — | — | — | — | — |
| 2025 | +0.7% | −0.6% | +8.2% | −1.1% | −1.5% | +4.5% | +6.4% | −3.6% | +0.8% | +3.7% | +9.3% | +5.4% |
| 2024 | +4.8% | +1.1% | +2.4% | −1.8% | −0.1% | −2.5% | +10.4% | −3.3% | −0.9% | +1.4% | +7.3% | −4.7% |
| 2023 | +8.2% | +0.4% | −5.0% | +0.4% | +8.5% | +5.0% | −6.8% | −5.6% | +2.7% | −3.9% | −4.7% | +6.4% |
| 2022 | — | — | — | — | — | — | — | — | — | — | −0.4% | −1.1% |
| 2021 | +14.0% | +5.5% | +2.8% | +0.2% | +4.2% | −1.1% | +4.5% | — | −4.3% | +2.1% | — | — |
| 2020 | +0.7% | +7.9% | −10.3% | −6.5% | +10.2% | +2.1% | +6.7% | −4.5% | −1.7% | +5.4% | +0.2% | +3.6% |
| 2019 | — | — | — | — | — | — | — | +1.1% | +2.9% | −2.7% | −0.4% | +5.4% |
NORW Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 17.32%
- 3-year Sharpe ratio: 0.82 (vs 4.5% risk-free rate)
- Best month: +10.44% (Jul 2024)
- Worst month: −11.09% (Jun 2026)
NORW Fund Flows
Monthly money in and out of Global X MSCI Norway ETF, from SEC Form N-PORT.
- 12-month net flow: $19.9M
- 12-month gross sales (incl. reinvestments): $119.5M
- Sales ÷ redemptions: 1.20×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $5.7M | $5.7M | $55K |
| Jun 2026 | $0 | $56.0M | −$56.0M |
| May 2026 | $1.0M | $6.9M | −$5.9M |
| Apr 2026 | $1.9M | $0 | $1.9M |
| Mar 2026 | $76.3M | $2.5M | $73.8M |
| Feb 2026 | $30.6M | $26.5M | $4.1M |
| Jan 2026 | $0 | $0 | $0 |
| Dec 2025 | $2.0M | $0 | $2.0M |
| Nov 2025 | $1.9M | $0 | $1.9M |
| Oct 2025 | $0 | $1.2M | −$1.2M |
| Sep 2025 | $0 | $0 | $0 |
| Aug 2025 | $0 | $893K | −$893K |
NORW Assets Under Management
Net assets of Global X MSCI Norway ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $87.72M |
| 2026-04-30 | $162.15M |
| 2026-01-31 | $64.86M |
| 2025-10-31 | $53.37M |
| 2025-07-31 | $54.94M |
| 2025-04-30 | $50.72M |
| 2025-01-31 | $45.89M |
| 2024-10-31 | $48.70M |
| 2024-07-31 | $50.91M |
| 2024-04-30 | $49.60M |
| 2024-01-31 | $50.25M |
| 2023-10-31 | $54.07M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.