Data Source: from January 2011 to July 2022
Consolidated Returns as of 31 Jul 2022
Category: Stocks
ETF: Global X MSCI Norway ETF (NORW)

In the last 10 Years, the Global X MSCI Norway ETF (NORW) ETF obtained a 3.38% compound annual return, with a 20.89% standard deviation.

In 2021, the ETF granted a 1.15% dividend yield. If you are interested in getting periodic income, please refer to the Global X MSCI Norway ETF (NORW) ETF: Dividend Yield page.

The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Large Cap
  • Style: Blend
  • Region: Developed Europe
  • Country: U.S.

Historical Returns as of Jul 31, 2022

Historical returns and stats of Global X MSCI Norway ETF (NORW) ETF. Total Returns and Inflation Adjusted Returns are both mentioned.

GLOBAL X MSCI NORWAY ETF (NORW) ETF
Consolidated returns as of 31 Jul 2022
Data Source: from January 2011 to July 2022
Swipe left to see all data
Period Return (%)
as of Jul 2022
Return (%)
Infl.Adj.
Standard
Deviation (%)
Max
Drawdown (%)
Months
Pos - Neg
1M
Jul 2022
7.66
7.67
0.00
1 - 0
3M
-1.89
-4.27
-12.03
Jun 2022 - Jun 2022
2 - 1
6M
-3.83
-8.74
-16.47
Apr 2022 - Jun 2022
4 - 2
YTD
-5.88
-11.43
-16.47
Apr 2022 - Jun 2022
4 - 3
1Y
-1.45
-9.19
21.58
-17.40
Nov 2021 - Jun 2022
8 - 4
67% pos
3Y(*)
7.09
2.08
28.00
-37.03
Jan 2020 - Mar 2020
23 - 13
64% pos
5Y(*)
4.24
0.34
23.73
-43.74
Oct 2018 - Mar 2020
36 - 24
60% pos
10Y(*)
3.38
0.76
20.89
-44.21
Jul 2014 - Mar 2020
66 - 54
55% pos
MAX(*)
01 Jan 2011
1.81
-0.81
22.31
-44.21
Jul 2014 - Mar 2020
74 - 65
53% pos
(*) Returns over 1 year are annualized

US Inflation is updated to Jul 2022. Current inflation (annualized) is 1Y: 8.52% , 5Y: 3.89% , 10Y: 2.60%

Correlations as of Jul 31, 2022

Monthly correlations of Global X MSCI Norway ETF (NORW) ETF vs the main Asset Classes, over different timeframes.

Columns are sortable (click on table header to sort).

GLOBAL X MSCI NORWAY ETF (NORW) ETF
Monthly correlations as of 31 Jul 2022
Swipe left to see all data
Correlation vs NORW
 
Asset Class 1 Year 5 Years 10 Years Since
Jan 2011
US Total Stock Market
VTI
0.82
0.83
0.74
0.77
US Large Cap
SPY
0.81
0.82
0.74
0.77
US Small Cap
IJR
0.85
0.83
0.69
0.72
US REITs
VNQ
0.67
0.67
0.45
0.51
US Technology
QQQ
0.70
0.69
0.62
0.65
Preferred Stocks
PFF
0.81
0.74
0.61
0.65
EAFE Stocks
EFA
0.90
0.91
0.84
0.87
World All Countries
VT
0.86
0.88
0.82
0.85
Emerging Markets
EEM
0.69
0.74
0.71
0.76
Europe
VGK
0.84
0.90
0.85
0.87
Pacific
VPL
0.91
0.85
0.74
0.76
Latin America
FLLA
0.63
0.74
0.70
0.73
US Total Bond Market
BND
0.50
0.17
0.13
0.07
Long Term Treasuries
TLT
0.27
-0.27
-0.25
-0.37
US Cash
BIL
-0.10
-0.32
-0.16
-0.14
TIPS
TIP
0.59
0.34
0.31
0.25
Investment Grade Bonds
LQD
0.64
0.47
0.38
0.36
High Yield Bonds
HYG
0.80
0.78
0.74
0.76
International Bond Market
BNDX
0.36
0.17
0.10
0.07
Emerging Market Bonds
EMB
0.74
0.69
0.62
0.62
Gold
GLD
0.27
0.13
0.18
0.24
Commodities
DBC
0.51
0.73
0.70
0.73

Capital Growth as of Jul 31, 2022

Capital growth, returns, stats are calculated assuming a reinvestment of dividends.

If you are interested in getting periodic income, please refer to the Global X MSCI Norway ETF (NORW) ETF: Dividend Yield page.

An investment of 1000$, since August 2012, now would be worth 1394.88$, with a total return of 39.49% (3.38% annualized).

The Inflation Adjusted Capital now would be 1078.63$, with a net total return of 7.86% (0.76% annualized).
An investment of 1000$, since January 2011, now would be worth 1230.61$, with a total return of 23.06% (1.81% annualized).

The Inflation Adjusted Capital now would be 910.38$, with a net total return of -8.96% (-0.81% annualized).

Drawdowns

Worst drawdowns since August 2012.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-44.21% Jul 2014 Mar 2020 69 Apr 2021 13 82
-17.40% Nov 2021 Jun 2022 8 in progress 1 9
-9.30% Feb 2013 Jun 2013 5 Oct 2013 4 9
-7.14% Jan 2014 Jan 2014 1 Feb 2014 1 2
-4.68% Jun 2021 Jul 2021 2 Oct 2021 3 5
-0.60% Nov 2013 Nov 2013 1 Dec 2013 1 2
-0.20% Oct 2012 Oct 2012 1 Dec 2012 2 3
-0.06% Mar 2014 Mar 2014 1 Apr 2014 1 2

Worst drawdowns since January 2011.

Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months
-44.21% Jul 2014 Mar 2020 69 Apr 2021 13 82
-33.35% May 2011 Sep 2011 5 Dec 2013 27 32
-17.40% Nov 2021 Jun 2022 8 in progress 1 9
-7.14% Jan 2014 Jan 2014 1 Feb 2014 1 2
-4.68% Jun 2021 Jul 2021 2 Oct 2021 3 5
-2.53% Jan 2011 Jan 2011 1 Feb 2011 1 2
-0.06% Mar 2014 Mar 2014 1 Apr 2014 1 2

Rolling Returns ( more details)

Global X MSCI Norway ETF (NORW) ETF: annualized rolling and average returns

Swipe left to see all data
Rolling
Period
Return (*) Negative
Periods
Average (%) Best (%) Worst (%)
1 Year
4.83 77.40
Apr 2020 - Mar 2021
-34.54
Apr 2019 - Mar 2020
45.31%
2 Years
3.37 40.96
Apr 2020 - Mar 2022
-21.56
Mar 2014 - Feb 2016
42.24%
3 Years
1.58 17.84
Oct 2015 - Sep 2018
-13.15
Feb 2013 - Jan 2016
36.54%
5 Years
1.72 10.50
Nov 2016 - Oct 2021
-7.70
Mar 2011 - Feb 2016
38.75%
7 Years
1.38 7.29
Oct 2011 - Sep 2018
-5.56
Apr 2013 - Mar 2020
21.43%
10 Years
3.01 5.65
Oct 2011 - Sep 2021
0.90
Mar 2011 - Feb 2021
0.00%
(*) Annualized rolling and average returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the Global X MSCI Norway ETF (NORW) ETF: Rolling Returns page.

Seasonality

Global X MSCI Norway ETF (NORW) ETF: in which months is it better to invest?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.

For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Win %
0.42
50%
2.25
67%
-1.50
42%
3.52
83%
-0.81
42%
-1.36
42%
1.70
50%
-0.11
55%
-0.93
64%
0.93
45%
-0.86
36%
0.91
64%
Best
Year
7.5
2019
13.7
2012
7.8
2016
12.9
2015
8.1
2020
9.0
2012
11.1
2017
8.1
2020
6.2
2018
17.3
2011
21.7
2020
8.4
2020
Worst
Year
-7.1
2014
-9.2
2020
-25.4
2020
-8.3
2022
-14.9
2012
-12.0
2022
-5.5
2014
-9.6
2011
-17.0
2011
-9.3
2018
-9.0
2021
-7.6
2018
Statistics calculated for the period Jan 2011 - Jul 2022

Monthly/Yearly Returns

Global X MSCI Norway ETF (NORW) ETF monthly and yearly returns: how is the distribution of the returns recorded so far?

MONTHLY RETURNS HISTOGRAM
74 Positive Months (53%) - 65 Negative Months (47%)
Jan 2011 - Jul 2022
Swipe left to see all data
Yearly Return(%)
Monthly Return(%)
Year Total Infl.Adj Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022
-5.88 -11.43 -2.1 2.6 4.2 -8.3 3.6 -12.0 7.7
2021
+18.11 +10.35 -0.3 4.1 6.4 3.7 3.4 -2.9 -1.8 3.0 0.7 6.8 -9.0 3.8
2020
+1.22 -0.14 -7.1 -9.2 -25.4 11.0 8.1 0.7 7.8 8.1 -6.9 -7.1 21.7 8.4
2019
+12.52 +10.00 7.5 1.8 -1.0 2.2 -5.3 3.9 -5.3 -2.8 3.5 0.1 0.1 8.3
2018
-8.03 -9.75 6.3 -2.2 0.7 3.6 -0.1 0.5 1.5 -1.4 6.2 -9.3 -5.3 -7.6
2017
+22.46 +19.93 5.7 -2.1 -1.9 0.1 3.0 -0.3 11.1 2.0 3.8 -0.3 -3.6 3.8
2016
+17.28 +14.90 -5.2 0.9 7.8 8.7 -2.6 -0.9 -0.5 0.5 6.2 -0.7 -0.5 3.3
2015
-15.73 -16.34 0.0 4.1 -6.1 12.9 -3.5 -3.3 -3.1 -8.2 -6.4 5.4 0.1 -6.7
2014
-23.53 -24.11 -7.1 7.9 -0.1 3.9 3.5 0.4 -5.5 2.0 -5.6 -9.2 -8.2 -6.8
2013
+11.92 +10.27 4.4 -2.3 -1.3 1.4 -0.3 -7.0 9.1 -2.9 2.2 7.2 -0.6 2.4
2012
+25.06 +22.92 5.6 13.7 -2.8 -2.1 -14.9 9.0 2.0 8.0 3.1 -0.2 0.0 4.1
2011
-18.41 -20.76 -2.5 7.8 1.5 5.2 -4.6 -4.5 -2.5 -9.6 -17.0 17.3 -4.3 -2.9
Share this page