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iShares MSCI Norway ETF

iShares · US46429B4995

iShares MSCI Norway ETF is an exchange-traded fund (ETF) from iShares, traded under the ticker ENOR (ISIN US46429B4995). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. In plain terms it is about owning small slices of companies, so you share in their growth when they do well — and…

· Tracks the MSCI Norway index ?
Equity ?Unknown Physical ?
Higher feeOwns the shares directlyOther
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Fund size (AUM) ?
€0
1-year return ?
+19.6%
Price Return · to 2026-07-20
Yearly fee (TER) ?
0.53%
All-in cost ≈ 0.00%

About this fund

What you own

The MSCI Norway index is the benchmark this fund aims to copy.

How it works

The fund actually buys every share in the index it tracks (full replication).

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Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.53%Yearly fee (TER)
0.00%All-in cost

The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.

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For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Index tracked ?
MSCI Norway
Replication ?
Physical
Full — buys every share
Launched
Jan 2012
14-year track record

Performance

69.186.5104121139202120242026

Growth of $100 invested — the line starts at $100.

iShares MSCI Norway ETF

End-of-day prices, rebased to a common start so the shapes are comparable. Past performance does not predict future results.

YTD+14.4%
1 year+19.6%
3 years+11.4%
5 years+3.3%

Return, year by year

-15.7
-0.8
-7.8
+28.1
'22'23'24'25
1 of 4 up yearsBest: 2025 +28.1%Worst: 2022 -15.7%Calendar-year total returns, in USD

How bumpy has it been?

19.0%
Volatility (1y) ?
How much the price swings year to year — lower is calmer.
-18.3%
Worst drop (3y) ?
The biggest fall from a peak over the last three years.
0.56
Return for the risk (3y) ?
Reward earned per unit of bumpiness.

The bigger picture

+15.2%
Since inception
Total growth since launch — about +2.8% a year.
+69.1%
Best 12 months
The strongest one-year stretch on record.
-31.2%
Worst 12 months
The weakest one-year stretch on record.
-34.6%
Worst fall on record ?
It clawed back in about 41 months.

Where to buy this fund

Set from your language & location — change it if it's wrong.

Where it trades

ExchangeTickerCurrency
NYSEENORUSD★ Primary
EUR listings
Frankfurt11Z7EUR
USD listings
E1ENORGBPUSD
E1ENORUSDUSD
EUENORGBPUSD
EUENORUSDUSD
MFENOR*USD
MMENOR*USD
MUENOR*USD
NYSE ArcaENORUSD
OCENORUSD
UAENORUSD
UBENORUSD
UCENORUSD
UDENORUSD
UFENORUSD
UMENORUSD
USENORUSD
UTENORUSD
UXENORUSD
VFENORUSD
VGENORUSD
VJENORUSD
VKENORUSD
VPENORUSD
VYENORUSD
XAENORGBPUSD
XAENORUSDUSD
XEENORUSDUSD
XEENORGBPUSD
XETRAENORUSD
XFENORGBPUSD
XFENORUSDUSD
XGENORGBPUSD
XGENORUSDUSD
XHENORUSDUSD
XHENORGBPUSD
XJENORGBPUSD
XJENORUSDUSD
XLENORGBPUSD
XLENORUSDUSD
XOENORGBPUSD
XOENORUSDUSD
XQENORUSDUSD
XQENORGBPUSD
XSENORGBPUSD
XSENORUSDUSD
XUENORGBPUSD
XUENORUSDUSD
XVENORUSDUSD
XVENORGBPUSD
XWENORGBPUSD
XWENORUSDUSD
XXENORGBPUSD
XXENORUSDUSD
XZENORGBPUSD
XZENORUSDUSD
For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

How it ranks vs peers

🪙 Cheaper than 17% of similar ETFs📈 Higher 1-yr return than 58%📈 Higher 3-yr return than 46%📈 Higher 5-yr return than 27%📊 Beat its category by 1.7% (1-yr) (category average +17.9%)📊 Behind its category by 0.2% (3-yr) (category average +11.5%)📊 Behind its category by 1.9% (5-yr) (category average +5.2%)

Versus the Equity (stocks) · Other · USD ETFs we track.

Advanced risk

0.78
Sortino (3y) ?
0.62
Calmar (3y) ?
13.2%
Downside deviation ?
67%
Up months (hit rate) ?
$38.10
52-week high ?
$26.75
52-week low ?

Similar funds

We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.

Matched on🌍 Other stocks
Compare side by side
6 similar funds
iShares MSCI Norway ETFiSharesYou're viewingState Street® Technology Select Sector SPDR® ETFSPDRBroader matchSchwab International Equity ETFSchwabBroader matchInvesco S&P 500 UCITS ETF AccInvescoBroader matchState Street® Financial Select Sector SPDR® ETFSPDRBroader matchState Street® SPDR® S&P® 500 MXN Hdg UCITS ETF (Acc)SPDRBroader matchState Street® SPDR® S&P® 500 GBP Hdg UCITS ETF (Dist)SPDRBroader match
Why it's similarThis is the fund on this page.
StocksUnknownPhysicalCheaper fee
Tracks a different index in the same category.
StocksUnknownPhysicalCheaper fee
Tracks a different index in the same category.
StocksCheaper fee
Tracks a different index in the same category.
StocksUnknownPhysicalCheaper fee
Tracks a different index in the same category.
StocksPhysicalCheaper fee
Tracks a different index in the same category.
StocksPhysicalCheaper fee
Tracks a different index in the same category.
Index trackedMSCI NorwayTechnology Select Sector IndexFTSE Developed ex US IndexS&P 500® Total Return (Net) IndexFinancial Select Sector Index® ® S&p® 500 Mxn Hdg® ® S&p® 500 Hdg
Yearly fee (TER)0.53%0.08%0.03%0.05%0.08%0.05%0.05%
All-in cost0.00%0.00%0.00%0.12%0.00%0.06%0.06%
Fund size€0€100.7B€57.6B€50.3B€48.9B€36.7B€36.7B
DomicileUnited StatesUnited StatesIrelandUnited StatesIrelandIreland
ReplicationPhysical (full)Physical (full)Physical (full)Synthetic (swap)Physical (full)Physical (full)Physical (full)
3-yr return p.a.+11.4%+26.5%+13.9%-73.9%+16.7%
5-yr return p.a.+3.3%+18.6%+6.7%+9.2%
# holdings771,49457280505505

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Data as of 2026-07-20 · Source: issuer data, compiled by Finance Hamster

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