FMTM vs NORW
Comparison between MARKETDESK FOCUSED U.S. MOMENTUM ETF (FMTM, ETF) and GLOBAL X MSCI NORWAY ETF (NORW, ETF).
FMTM vs NORW - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FMTM
$162M
NORW
$162M
Expense Ratio
Winner
FMTM
0.45%
NORW
0.50%
Max Drawdown
Winner
FMTM
12.12%
NORW
42.58%
Sharpe Ratio
Winner
FMTM
1.98
NORW
1.45
5Y Beta
FMTM
0.86
Winner
NORW
0.67
P/E Ratio
FMTM
44.35
NORW
N/A
Forward P/E
FMTM
24.41
NORW
N/A
PEG Ratio
FMTM
0.41
NORW
N/A
5Y Dividends CAGR
FMTM
N/A
NORW
38.10%
5Y EPS CAGR
FMTM
21.80%
NORW
N/A
Debt to Equity
FMTM
25.20%
NORW
N/A
P/S Ratio
FMTM
2.29
NORW
N/A
P/B Ratio
FMTM
4.58
NORW
N/A
FMTM vs NORW - Holdings Comparison
FMTM and NORW have 1 common holdings. Overlap is -2.42%
FMTM's top 25 holdings weight is 84.69%. NORW's top 25 holdings weight is 85.97%.
| Rank | FMTM | NORW |
|---|---|---|
| #1 | TWILIO INC CLASS A (TWLO) - 3.94% | EQUINOR ASA (n/a) - 11.48% |
| #2 | DATADOG INC CLASS A (DDOG) - 3.84% | DNB BANK ASA (n/a) - 10.77% |
| #3 | TD SYNNEX CORP (SNX) - 3.66% | NORSK HYDRO ASA (n/a) - 7.15% |
| #4 | ASTERA LABS INC (ALAB) - 3.51% | KONGSBERG GRUPPEN ASA (n/a) - 6.14% |
| #5 | CIENA CORP (CIEN) - 3.45% | AKER BP ASA (n/a) - 5.04% |
| #6 | CISCO SYSTEMS INC (CSCO) - 3.44% | TELENOR ASA (n/a) - 4.32% |
| #7 | CARPENTER TECHNOLOGY CORP (CRS) - 3.43% | MOWI ASA (n/a) - 4.02% |
| #8 | WESTERN DIGITAL CORP (WDC) - 3.42% | YARA INTERNATIONAL ASA (n/a) - 3.74% |
| #9 | SENSATA TECHNOLOGIES HOLDING PLC (ST) - 3.41% | SUBSEA 7 SA (n/a) - 3.35% |
| #10 | LANDSTAR SYSTEM INC (LSTR) - 3.39% | ORKLA ASA (n/a) - 3.28% |
| #11 | F5 INC (FFIV) - 3.38% | STOREBRAND ASA (n/a) - 3.27% |
| #12 | CORNING INC (GLW) - 3.37% | CASH (n/a) - 2.65% |
| #13 | ARROW ELECTRONICS INC (ARW) - 3.36% | GJENSIDIGE FORSIKRING ASA (n/a) - 2.30% |
| #14 | VERTIV HOLDINGS CO CLASS A (VRT) - 3.36% | FRONTLINE PLC (FRO) - 2.16% |
| #15 | MADISON SQUARE GARDEN SPORTS CORP CLASS A (MSGS) - 3.34% | VAR ENERGI ASA (n/a) - 2.07% |
| #16 | TECHNIPFMC PLC (FTI) - 3.33% | VEND MARKETPLACES ASA ORDINARY SHARES (n/a) - 1.88% |
| #17 | NVENT ELECTRIC PLC (NVT) - 3.32% | SPAREBANK 1 SOR NORGE ASA (n/a) - 1.80% |
| #18 | LITTELFUSE INC (LFUS) - 3.30% | SALMAR ASA (n/a) - 1.77% |
| #19 | ON SEMICONDUCTOR CORP (ON) - 3.30% | NORDIC SEMICONDUCTOR ASA (n/a) - 1.73% |
| #20 | LATTICE SEMICONDUCTOR CORP (LSCC) - 3.29% | TGS ASA (n/a) - 1.41% |
| #21 | WEST PHARMACEUTICAL SERVICES INC (WST) - 3.21% | AKER ASA CLASS A (n/a) - 1.31% |
| #22 | ELEMENT SOLUTIONS INC (ESI) - 3.21% | KITRON ASA (n/a) - 1.12% |
| #23 | UNITEDHEALTH GROUP INC (UNH) - 3.17% | KONGSBERG MARITIME ASA (n/a) - 1.08% |
| #24 | FRANKLIN RESOURCES INC (BEN) - 3.15% | SPAREBANK 1 SMN DEPOSITORY RECEIPTS (n/a) - 1.07% |
| #25 | VIRTU FINANCIAL INC CLASS A (VIRT) - 3.11% | PROTECTOR FORSIKRING ASA (n/a) - 1.06% |
| Total Holdings | 33 | 63 |
FMTM vs NORW - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FMTM
+0.92%
NORW
-2.72%
3M
Winner
FMTM
+21.18%
NORW
+2.93%
6M
Winner
FMTM
+30.60%
NORW
+28.34%
1Y
Winner
FMTM
+60.04%
NORW
+27.27%
5Y(CAGR)
FMTM
N/A
NORW
+7.49%
10Y(CAGR)
FMTM
N/A
NORW
+9.93%
Max(CAGR)
Winner
FMTM
+50.22%
NORW
+8.85%
FMTM vs NORW - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | FMTM | NORW |
|---|---|---|
| 2026 | +25.28% | +22.30% |
| 2025 | +27.90% | +30.87% |
| 2024 | N/A | -0.60% |
| 2023 | N/A | +7.95% |
| 2022 | N/A | -13.23% |
| 2021 | N/A | +11.44% |
| 2020 | N/A | +24.91% |
| 2019 | N/A | +14.86% |
| 2018 | N/A | -11.15% |
| 2017 | N/A | +23.44% |
| 2016 | N/A | -6.19% |
| 2015 | N/A | +0.12% |
| 2014 | N/A | -3.61% |
| 2013 | N/A | +25.62% |
| 2012 | N/A | +23.24% |
| 2011 | N/A | -20.61% |
| 2010 | N/A | +21.10% |
| 2009 | N/A | +7.52% |
FMTM vs NORW Drawdown Comparison
The maximum drawdown for FMTM was -12.12%, occurring on Mar 30, 2026. Recovery took 33 trading sessions.
The maximum drawdown for NORW was -35.62%, occurring on Sep 23, 2011. Recovery took 442 trading sessions.
The current FMTM drawdown is -2.13%. The current NORW drawdown is -5.47%.
| Rank | FMTM | NORW |
|---|---|---|
| #1 | -12.12% Mar 2, 2026 - Apr 17, 2026 | -35.62% Apr 29, 2011 - Feb 1, 2013 |
| #2 | -9.30% Nov 10, 2025 - Dec 10, 2025 | -33.89% Jan 24, 2018 - Jul 15, 2020 |
| #3 | -9.14% Apr 2, 2025 - May 7, 2025 | -32.77% Aug 16, 2021 - May 21, 2025 |
| #4 | -6.38% Jun 3, 2026 - Jun 10, 2026 | -25.23% Jun 6, 2014 - Sep 7, 2017 |
| #5 | -5.91% Dec 11, 2025 - Dec 24, 2025 | -19.56% Apr 20, 2010 - Sep 20, 2010 |
| #6 | -5.42% May 14, 2026 - Jun 2, 2026 | -11.87% Jan 11, 2010 - Apr 1, 2010 |
| #7 | -5.08% Oct 8, 2025 - Oct 24, 2025 | -11.38% May 21, 2013 - Jul 25, 2013 |
| #8 | -3.79% Sep 22, 2025 - Oct 6, 2025 | -9.63% Oct 12, 2020 - Nov 10, 2020 |
| #9 | -3.71% May 7, 2025 - May 19, 2025 | -9.61% Nov 4, 2010 - Dec 30, 2010 |
| #10 | -3.52% Jan 28, 2026 - Feb 9, 2026 | -9.18% Sep 16, 2025 - Jan 2, 2026 |
| #11 | -3.08% Nov 3, 2025 - Nov 5, 2025 | -8.99% Nov 11, 2009 - Jan 11, 2010 |
| #12 | -2.84% Aug 12, 2025 - Aug 26, 2025 | -8.87% Feb 1, 2011 - Mar 30, 2011 |
| #13 | -2.66% Aug 28, 2025 - Sep 8, 2025 | -7.95% Sep 22, 2009 - Oct 20, 2009 |
| #14 | -2.52% Jan 6, 2026 - Jan 12, 2026 | -7.16% Oct 11, 2017 - Jan 12, 2018 |
| #15 | -2.35% Dec 26, 2025 - Jan 2, 2026 | -7.06% Aug 21, 2009 - Sep 9, 2009 |
Correlation
Correlation between FMTM and NORW is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2009 - 2025)
FMTM vs NORW dividend yield comparison.
| Year | FMTM | NORW |
|---|---|---|
| 2025 | 0.30% | 3.44% |
| 2024 | 0.00% | 6.02% |
| 2023 | 0.00% | 5.27% |
| 2022 | 0.00% | 4.01% |
| 2021 | 0.00% | 1.51% |
| 2020 | 0.00% | 1.13% |
| 2019 | 0.00% | 2.47% |
| 2018 | 0.00% | 3.53% |
| 2017 | 0.00% | 3.64% |
| 2016 | 0.00% | 3.79% |
| 2015 | 0.00% | 2.95% |
| 2014 | 0.00% | 3.85% |
| 2013 | 0.00% | 2.58% |
| 2012 | 0.00% | 2.53% |
| 2011 | 0.00% | 3.78% |
| 2010 | 0.00% | 0.82% |
| 2009 | 0.00% | 0.06% |
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