NORW vs EDGI
Comparison between GLOBAL X MSCI NORWAY ETF (NORW, ETF) and 3EDGE DYNAMIC INTERNATIONAL EQUITY ETF (EDGI, ETF).
NORW vs EDGI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NORW
$87M
Winner
EDGI
$87M
Expense Ratio
Winner
NORW
0.50%
EDGI
0.97%
Max Drawdown
NORW
42.58%
Winner
EDGI
15.03%
Sharpe Ratio
Winner
NORW
1.33
EDGI
0.99
5Y Beta
Winner
NORW
0.66
EDGI
0.73
5Y Dividends CAGR
NORW
32.53%
EDGI
N/A
NORW vs EDGI - Holdings Comparison
NORW and EDGI have 0 common holdings. Overlap is 0.00%
NORW's top 25 holdings weight is 84.27%. EDGI's top 25 holdings weight is 99.97%.
| Rank | NORW | EDGI |
|---|---|---|
| #1 | EQUINOR ASA (n/a) - 11.81% | SEI SELECT INTERNATIONAL EQUITY ETF (SEIE) - 19.89% |
| #2 | DNB BANK ASA (n/a) - 11.52% | SEI SELECT EMERGING MARKETS EQUITY ETF (SEEM) - 19.18% |
| #3 | KONGSBERG GRUPPEN ASA (n/a) - 5.59% | FRANKLIN FTSE JAPAN ETF (FLJP) - 16.16% |
| #4 | NORSK HYDRO ASA (n/a) - 5.48% | JPMORGAN BETABUILDERS JAPAN ETF (BBJP) - 16.06% |
| #5 | AKER BP ASA (n/a) - 4.91% | ISHARES CORE MSCI EMERGING MARKETS ETF (IEMG) - 7.48% |
| #6 | TELENOR ASA (n/a) - 4.34% | ISHARES MSCI GERMANY ETF (EWG) - 5.89% |
| #7 | MOWI ASA (n/a) - 3.92% | ISHARES MSCI EUROPE SMALL-CAP ETF (IEUS) - 5.25% |
| #8 | ORKLA ASA (n/a) - 3.67% | STATE STREET® SPDR® EURO STOXX 50® ETF (FEZ) - 4.40% |
| #9 | STOREBRAND ASA (n/a) - 3.64% | ISHARES MSCI JAPAN SMALL-CAP ETF (SCJ) - 1.80% |
| #10 | YARA INTERNATIONAL ASA (n/a) - 3.57% | ISHARES MSCI GLOBAL GOLD MINERS ETF (RING) - 1.71% |
| #11 | SUBSEA 7 SA (n/a) - 3.53% | ISHARES MSCI INDIA ETF (INDA) - 1.09% |
| #12 | GJENSIDIGE FORSIKRING ASA (n/a) - 2.70% | WISDOMTREE EUROPE SMALLCAP DIVIDEND ETF (DFE) - 0.69% |
| #13 | FRONTLINE PLC (FRO) - 2.61% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.37% |
| #14 | SPAREBANK 1 SOR NORGE ASA (n/a) - 2.00% | N/A |
| #15 | VAR ENERGI ASA (n/a) - 1.97% | N/A |
| #16 | VEND MARKETPLACES ASA ORDINARY SHARES (n/a) - 1.93% | N/A |
| #17 | SALMAR ASA (n/a) - 1.54% | N/A |
| #18 | NORDIC SEMICONDUCTOR ASA (n/a) - 1.41% | N/A |
| #19 | AKER ASA CLASS A (n/a) - 1.36% | N/A |
| #20 | TGS ASA (n/a) - 1.26% | N/A |
| #21 | PROTECTOR FORSIKRING ASA (n/a) - 1.20% | N/A |
| #22 | SPAREBANK 1 SMN DEPOSITORY RECEIPTS (n/a) - 1.13% | N/A |
| #23 | KONGSBERG MARITIME ASA (n/a) - 1.12% | N/A |
| #24 | TOMRA SYSTEMS ASA (n/a) - 1.03% | N/A |
| #25 | BAKKAFROST P/F (n/a) - 1.03% | N/A |
| Total Holdings | 63 | 13 |
NORW vs EDGI - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NORW
+1.70%
EDGI
-2.89%
3M
NORW
-3.84%
Winner
EDGI
+3.40%
6M
Winner
NORW
+14.85%
EDGI
+4.59%
1Y
Winner
NORW
+28.13%
EDGI
+19.65%
5Y(CAGR)
NORW
+7.00%
EDGI
N/A
10Y(CAGR)
NORW
+9.43%
EDGI
N/A
Max(CAGR)
NORW
+8.62%
Winner
EDGI
+14.62%
NORW vs EDGI - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | NORW | EDGI |
|---|---|---|
| 2026 | +19.15% | +7.36% |
| 2025 | +30.87% | +26.58% |
| 2024 | -0.60% | -7.10% |
| 2023 | +7.95% | N/A |
| 2022 | -13.23% | N/A |
| 2021 | +11.44% | N/A |
| 2020 | +24.91% | N/A |
| 2019 | +14.86% | N/A |
| 2018 | -11.15% | N/A |
| 2017 | +23.44% | N/A |
| 2016 | -6.19% | N/A |
| 2015 | +0.12% | N/A |
| 2014 | -3.61% | N/A |
| 2013 | +25.62% | N/A |
| 2012 | +23.24% | N/A |
| 2011 | -20.61% | N/A |
| 2010 | +21.10% | N/A |
| 2009 | +7.52% | N/A |
NORW vs EDGI Drawdown Comparison
The maximum drawdown for NORW was -35.62%, occurring on Sep 23, 2011. Recovery took 442 trading sessions.
The maximum drawdown for EDGI was -14.52%, occurring on Apr 8, 2025. Recovery took 143 trading sessions.
The current NORW drawdown is -7.89%. The current EDGI drawdown is -2.89%.
| Rank | NORW | EDGI |
|---|---|---|
| #1 | -35.62% Apr 29, 2011 - Feb 1, 2013 | -14.52% Oct 4, 2024 - May 2, 2025 |
| #2 | -33.89% Jan 24, 2018 - Jul 15, 2020 | -12.84% Feb 25, 2026 - Jun 18, 2026 |
| #3 | -32.77% Aug 16, 2021 - May 21, 2025 | -4.80% Nov 12, 2025 - Dec 10, 2025 |
| #4 | -25.23% Jun 6, 2014 - Sep 7, 2017 | -4.68% Jun 22, 2026 - Jul 20, 2026 |
| #5 | -19.56% Apr 20, 2010 - Sep 20, 2010 | -3.90% Jul 23, 2025 - Aug 12, 2025 |
| #6 | -14.49% May 21, 2026 - Jun 26, 2026 | -3.71% Oct 6, 2025 - Oct 20, 2025 |
| #7 | -11.87% Jan 11, 2010 - Apr 1, 2010 | -2.43% Jun 12, 2025 - Jun 26, 2025 |
| #8 | -11.38% May 21, 2013 - Jul 25, 2013 | -2.22% Oct 28, 2025 - Nov 12, 2025 |
| #9 | -9.63% Oct 12, 2020 - Nov 10, 2020 | -2.21% Jan 27, 2026 - Feb 6, 2026 |
| #10 | -9.61% Nov 4, 2010 - Dec 30, 2010 | -1.88% Aug 22, 2025 - Sep 8, 2025 |
| #11 | -9.18% Sep 16, 2025 - Jan 2, 2026 | -1.58% Dec 11, 2025 - Dec 22, 2025 |
| #12 | -8.99% Nov 11, 2009 - Jan 11, 2010 | -1.34% Feb 11, 2026 - Feb 24, 2026 |
| #13 | -8.87% Feb 1, 2011 - Mar 30, 2011 | -1.31% Sep 22, 2025 - Oct 1, 2025 |
| #14 | -7.95% Sep 22, 2009 - Oct 20, 2009 | -1.29% Jan 12, 2026 - Jan 22, 2026 |
| #15 | -7.16% Oct 11, 2017 - Jan 12, 2018 | -1.24% Jul 3, 2025 - Jul 22, 2025 |
Correlation
Correlation between NORW and EDGI is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2009 - 2026)
NORW vs EDGI dividend yield comparison.
| Year | NORW | EDGI |
|---|---|---|
| 2026 | 6.19% | 0.25% |
| 2025 | 3.44% | 1.97% |
| 2024 | 6.02% | 0.61% |
| 2023 | 5.27% | 0.00% |
| 2022 | 4.01% | 0.00% |
| 2021 | 1.51% | 0.00% |
| 2020 | 1.13% | 0.00% |
| 2019 | 2.47% | 0.00% |
| 2018 | 3.53% | 0.00% |
| 2017 | 3.64% | 0.00% |
| 2016 | 3.79% | 0.00% |
| 2015 | 2.95% | 0.00% |
| 2014 | 3.85% | 0.00% |
| 2013 | 2.58% | 0.00% |
| 2012 | 2.53% | 0.00% |
| 2011 | 3.78% | 0.00% |
| 2010 | 0.82% | 0.00% |
| 2009 | 0.06% | 0.00% |
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