ENOR vs PHEQ
Comparison between ISHARES MSCI NORWAY ETF (ENOR, ETF) and PARAMETRIC HEDGED EQUITY ETF (PHEQ, ETF).
ENOR vs PHEQ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ENOR
$133M
Winner
PHEQ
$133M
Expense Ratio
ENOR
0.53%
Winner
PHEQ
0.29%
Max Drawdown
ENOR
62.59%
Winner
PHEQ
12.74%
Sharpe Ratio
ENOR
1.54
Winner
PHEQ
1.77
5Y Beta
ENOR
0.68
Winner
PHEQ
0.53
P/E Ratio
ENOR
N/A
PHEQ
29.02
Forward P/E
ENOR
N/A
PHEQ
21.94
5Y Dividends CAGR
ENOR
13.77%
PHEQ
N/A
5Y EPS CAGR
ENOR
N/A
PHEQ
25.36%
Debt to Equity
ENOR
N/A
PHEQ
56.36%
P/S Ratio
ENOR
N/A
PHEQ
3.37
P/B Ratio
ENOR
N/A
PHEQ
5.40
ENOR vs PHEQ - Holdings Comparison
ENOR and PHEQ have 1 common holdings. Overlap is -0.85%
ENOR's top 25 holdings weight is 85.27%. PHEQ's top 25 holdings weight is 53.61%.
| Rank | ENOR | PHEQ |
|---|---|---|
| #1 | EQUINOR ASA (n/a) - 13.38% | NVIDIA CORP (NVDA) - 7.31% |
| #2 | DNB BANK ASA (n/a) - 11.35% | APPLE INC (AAPL) - 6.70% |
| #3 | NORSK HYDRO ASA (n/a) - 6.60% | MICROSOFT CORP (MSFT) - 4.74% |
| #4 | KONGSBERG GRUPPEN ASA (n/a) - 5.83% | AMAZON.COM INC (AMZN) - 3.67% |
| #5 | AKER BP ASA (n/a) - 5.04% | ALPHABET INC CLASS A (GOOGL) - 3.15% |
| #6 | MOWI ASA (n/a) - 4.27% | ALPHABET INC CLASS C (GOOG) - 2.73% |
| #7 | YARA INTERNATIONAL ASA (n/a) - 3.99% | BROADCOM INC (AVGO) - 2.61% |
| #8 | TELENOR ASA (n/a) - 3.79% | META PLATFORMS INC CLASS A (META) - 2.20% |
| #9 | ORKLA ASA (n/a) - 3.57% | TESLA INC (TSLA) - 1.78% |
| #10 | SUBSEA 7 SA (n/a) - 3.50% | EXXON MOBIL CORP (XOM) - 1.70% |
| #11 | STOREBRAND ASA (n/a) - 3.42% | JPMORGAN CHASE & CO (JPM) - 1.64% |
| #12 | GJENSIDIGE FORSIKRING ASA (n/a) - 2.31% | ELI LILLY AND CO (LLY) - 1.58% |
| #13 | FRONTLINE PLC (FRO) - 2.26% | JOHNSON & JOHNSON (JNJ) - 1.48% |
| #14 | VEND MARKETPLACES ASA ORDINARY SHARES (n/a) - 1.86% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.36% |
| #15 | SPAREBANK 1 SOR NORGE ASA (n/a) - 1.77% | WALMART INC (WMT) - 1.27% |
| #16 | SALMAR ASA (n/a) - 1.75% | VISA INC CLASS A (V) - 1.11% |
| #17 | NORDIC SEMICONDUCTOR ASA (n/a) - 1.62% | COSTCO WHOLESALE CORP (COST) - 1.04% |
| #18 | TGS ASA (n/a) - 1.34% | CISCO SYSTEMS INC (CSCO) - 1.00% |
| #19 | AKER ASA CLASS A (n/a) - 1.27% | PUT ON S&P 500 MAR27 (n/a) - 1.00% |
| #20 | KONGSBERG MARITIME ASA (n/a) - 1.15% | CHEVRON CORP (CVX) - 0.99% |
| #21 | PROTECTOR FORSIKRING ASA (n/a) - 1.10% | MASTERCARD INC CLASS A (MA) - 0.94% |
| #22 | SPAREBANK 1 SMN DEPOSITORY RECEIPTS (n/a) - 1.09% | PUT ON S&P 500 DEC26 (n/a) - 0.92% |
| #23 | KITRON ASA (n/a) - 1.03% | ABBVIE INC (ABBV) - 0.91% |
| #24 | BAKKAFROST P/F (n/a) - 1.02% | NETFLIX INC (NFLX) - 0.90% |
| #25 | TOMRA SYSTEMS ASA (n/a) - 0.96% | MERCK & CO INC (MRK) - 0.88% |
| Total Holdings | 65 | 212 |
ENOR vs PHEQ - Historical Returns
Returns include dividend reinvestment.
1M
ENOR
-5.07%
Winner
PHEQ
+0.94%
3M
ENOR
+5.16%
Winner
PHEQ
+5.42%
6M
Winner
ENOR
+30.47%
PHEQ
+5.59%
1Y
Winner
ENOR
+33.11%
PHEQ
+15.83%
5Y(CAGR)
ENOR
+7.80%
PHEQ
N/A
10Y(CAGR)
ENOR
+9.17%
PHEQ
N/A
Max(CAGR)
ENOR
+5.82%
Winner
PHEQ
+15.08%
ENOR vs PHEQ - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | ENOR | PHEQ |
|---|---|---|
| 2026 | +23.02% | +4.67% |
| 2025 | +30.35% | +11.81% |
| 2024 | -0.30% | +15.16% |
| 2023 | +8.03% | +7.19% |
| 2022 | -13.40% | N/A |
| 2021 | +18.51% | N/A |
| 2020 | +1.24% | N/A |
| 2019 | +12.25% | N/A |
| 2018 | -9.35% | N/A |
| 2017 | +20.83% | N/A |
| 2016 | +19.07% | N/A |
| 2015 | -15.90% | N/A |
| 2014 | -20.31% | N/A |
| 2013 | +7.44% | N/A |
| 2012 | +17.29% | N/A |
ENOR vs PHEQ Drawdown Comparison
The maximum drawdown for ENOR was -55.31%, occurring on Mar 18, 2020. Recovery took 1726 trading sessions.
The maximum drawdown for PHEQ was -12.55%, occurring on Apr 8, 2025. Recovery took 88 trading sessions.
The current ENOR drawdown is -5.25%. The current PHEQ drawdown is -0.82%.
| Rank | ENOR | PHEQ |
|---|---|---|
| #1 | -55.31% Jun 6, 2014 - Apr 15, 2021 | -12.55% Feb 19, 2025 - Jun 26, 2025 |
| #2 | -32.61% Mar 30, 2022 - May 21, 2025 | -4.26% Jan 12, 2026 - Apr 13, 2026 |
| #3 | -24.65% Mar 20, 2012 - Jan 2, 2013 | -4.11% Jul 10, 2024 - Aug 19, 2024 |
| #4 | -13.96% Feb 1, 2013 - Sep 18, 2013 | -2.60% Oct 19, 2023 - Nov 2, 2023 |
| #5 | -13.29% Oct 20, 2021 - Mar 30, 2022 | -2.14% Nov 11, 2025 - Nov 28, 2025 |
| #6 | -9.93% Jun 7, 2021 - Oct 13, 2021 | -1.74% Mar 28, 2024 - May 6, 2024 |
| #7 | -9.13% Oct 25, 2013 - Mar 5, 2014 | -1.70% Aug 29, 2024 - Sep 12, 2024 |
| #8 | -9.01% Sep 16, 2025 - Jan 2, 2026 | -1.70% Dec 26, 2024 - Jan 17, 2025 |
| #9 | -7.29% Feb 28, 2012 - Mar 20, 2012 | -1.41% Oct 8, 2025 - Oct 20, 2025 |
| #10 | -6.49% Sep 18, 2013 - Oct 18, 2013 | -1.37% Dec 6, 2024 - Dec 24, 2024 |
| #11 | -5.50% Mar 19, 2026 - Mar 31, 2026 | -1.30% Jul 28, 2025 - Aug 12, 2025 |
| #12 | -5.48% Jun 13, 2025 - Aug 22, 2025 | -1.02% Nov 11, 2024 - Nov 22, 2024 |
| #13 | -5.32% Apr 29, 2021 - Jun 1, 2021 | -0.95% Oct 29, 2024 - Nov 6, 2024 |
| #14 | -5.25% May 21, 2026 - Jun 5, 2026 | -0.92% Dec 28, 2023 - Jan 9, 2024 |
| #15 | -5.00% Mar 6, 2014 - Apr 24, 2014 | -0.85% Oct 28, 2025 - Nov 11, 2025 |
Correlation
Correlation between ENOR and PHEQ is 0.87 which considered as a strong positive correlation - the stocks tend to move together.
0.87
-101
Dividend Comparison (2012 - 2026)
ENOR vs PHEQ dividend yield comparison.
| Year | ENOR | PHEQ |
|---|---|---|
| 2026 | 0.00% | 0.08% |
| 2025 | 2.96% | 1.19% |
| 2024 | 6.32% | 1.39% |
| 2023 | 5.06% | 1.73% |
| 2022 | 4.02% | 0.00% |
| 2021 | 2.24% | 0.00% |
| 2020 | 2.39% | 0.00% |
| 2019 | 3.15% | 0.00% |
| 2018 | 2.79% | 0.00% |
| 2017 | 2.47% | 0.00% |
| 2016 | 2.96% | 0.00% |
| 2015 | 3.24% | 0.00% |
| 2014 | 4.52% | 0.00% |
| 2013 | 2.65% | 0.00% |
| 2012 | 2.66% | 0.00% |
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