NORW vs MARW
Comparison between GLOBAL X MSCI NORWAY ETF (NORW, ETF) and ALLIANZIM U.S. EQUITY BUFFER20 MAR ETF (MARW, ETF).
NORW vs MARW - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NORW
$87M
Winner
MARW
$87M
Expense Ratio
Winner
NORW
0.50%
MARW
0.74%
Max Drawdown
NORW
42.58%
Winner
MARW
7.58%
Sharpe Ratio
NORW
1.33
Winner
MARW
1.52
5Y Beta
NORW
0.66
Winner
MARW
0.37
5Y Dividends CAGR
NORW
32.53%
MARW
N/A
NORW vs MARW - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NORW
+1.70%
MARW
+0.47%
3M
NORW
-3.84%
Winner
MARW
+2.79%
6M
Winner
NORW
+14.85%
MARW
+5.15%
1Y
Winner
NORW
+28.13%
MARW
+10.61%
5Y(CAGR)
NORW
+7.00%
MARW
N/A
10Y(CAGR)
NORW
+9.43%
MARW
N/A
Max(CAGR)
NORW
+8.62%
Winner
MARW
+11.59%
NORW vs MARW - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | NORW | MARW |
|---|---|---|
| 2026 | +19.15% | +5.49% |
| 2025 | +30.87% | +10.61% |
| 2024 | -0.60% | +11.17% |
| 2023 | +7.95% | +11.83% |
| 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 MARW Drawdown Comparison
The maximum drawdown for NORW was -35.62%, occurring on Sep 23, 2011. Recovery took 442 trading sessions.
The maximum drawdown for MARW was -7.58%, occurring on Apr 8, 2025. Recovery took 51 trading sessions.
The current NORW drawdown is -7.89%. The current MARW drawdown is -0.17%.
| Rank | NORW | MARW |
|---|---|---|
| #1 | -35.62% Apr 29, 2011 - Feb 1, 2013 | -7.58% Feb 28, 2025 - May 13, 2025 |
| #2 | -33.89% Jan 24, 2018 - Jul 15, 2020 | -3.57% Sep 14, 2023 - Nov 8, 2023 |
| #3 | -32.77% Aug 16, 2021 - May 21, 2025 | -3.52% Jul 16, 2024 - Aug 19, 2024 |
| #4 | -25.23% Jun 6, 2014 - Sep 7, 2017 | -3.39% Feb 26, 2026 - Apr 9, 2026 |
| #5 | -19.56% Apr 20, 2010 - Sep 20, 2010 | -2.35% Mar 27, 2024 - May 10, 2024 |
| #6 | -14.49% May 21, 2026 - Jun 26, 2026 | -2.10% Mar 6, 2023 - Mar 21, 2023 |
| #7 | -11.87% Jan 11, 2010 - Apr 1, 2010 | -1.73% Aug 30, 2024 - Sep 19, 2024 |
| #8 | -11.38% May 21, 2013 - Jul 25, 2013 | -1.42% Jul 28, 2023 - Aug 30, 2023 |
| #9 | -9.63% Oct 12, 2020 - Nov 10, 2020 | -1.23% Nov 12, 2025 - Nov 26, 2025 |
| #10 | -9.61% Nov 4, 2010 - Dec 30, 2010 | -1.13% Jun 2, 2026 - Jun 15, 2026 |
| #11 | -9.18% Sep 16, 2025 - Jan 2, 2026 | -1.12% May 19, 2025 - Jun 2, 2025 |
| #12 | -8.99% Nov 11, 2009 - Jan 11, 2010 | -0.97% May 1, 2023 - May 17, 2023 |
| #13 | -8.87% Feb 1, 2011 - Mar 30, 2011 | -0.92% Oct 8, 2025 - Oct 20, 2025 |
| #14 | -7.95% Sep 22, 2009 - Oct 20, 2009 | -0.85% Dec 16, 2024 - Dec 24, 2024 |
| #15 | -7.16% Oct 11, 2017 - Jan 12, 2018 | -0.84% May 18, 2023 - May 26, 2023 |
Correlation
Correlation between NORW and MARW is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.
0.90
-101
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