See what your fund actually adds
Global X MSCI Norway ETF NORW
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | NORW | Replication |
|---|---|---|
| Annualized growth | 7.3% | 14.1% |
| Annualized volatility | 20.0% | 14.1% |
| Sharpe ratio | 0.45 | 1.01 |
| Maximum drawdown | 32.2% | 18.1% |
| Replication fit (R²) | 0.65 · Tracking error 11.8% | |
Replication portfolio
The published portfolio below is the investable basket used to model NORW’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| EFV | Intl · Value | 31.8% |
| VSS | Intl · Small Cap | 27.2% |
| XLE | Sector · Energy | 24.4% |
| BCI | Alternatives · Commodities | 13.6% |
| SLV | Alternatives · Silver | 3.1% |