NORW vs RFDA

Comparison between GLOBAL X MSCI NORWAY ETF (NORW, ETF) and ALPS DYNAMIC US DIVIDEND ADVANTAGE ETF (RFDA, ETF).

5-Year PerformanceRFDA has outperformed NORW, delivering a return of +12.8% compared to +7.0%

NORW vs RFDA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NORW(ETF)	RFDA(ETF)
Net Assets	$87M	$86M
Expense Ratio	0.50%	0.52%
Max Drawdown	42.58%	34.81%
Sharpe Ratio	1.33	1.49
5Y Beta	0.66	0.87
P/E Ratio	N/A	22.00
Forward P/E	N/A	15.23
PEG Ratio	N/A	0.48
5Y Dividends CAGR	32.53%	14.25%
5Y EPS CAGR	N/A	13.28%
P/S Ratio	N/A	1.76
P/B Ratio	N/A	2.79

Net Assets

Winner

NORW

$87M

RFDA

$86M

Expense Ratio

Winner

NORW

0.50%

RFDA

0.52%

Max Drawdown

NORW

42.58%

Winner

RFDA

34.81%

Sharpe Ratio

NORW

1.33

Winner

RFDA

1.49

5Y Beta

Winner

NORW

0.66

RFDA

0.87

P/E Ratio

NORW

N/A

RFDA

22.00

Forward P/E

NORW

N/A

RFDA

15.23

PEG Ratio

NORW

N/A

RFDA

0.48

5Y Dividends CAGR

Winner

NORW

32.53%

RFDA

14.25%

5Y EPS CAGR

NORW

N/A

RFDA

13.28%

P/S Ratio

NORW

N/A

RFDA

1.76

P/B Ratio

NORW

N/A

RFDA

2.79

NORW vs RFDA - Holdings Comparison

NORW and RFDA have 1 common holdings. Overlap is 0.00%

NORW's top 25 holdings weight is 84.27%. RFDA's top 25 holdings weight is 50.03%.

Rank	NORW	RFDA
#1	EQUINOR ASA (n/a) - 11.81%	JOHNSON & JOHNSON (JNJ) - 3.27%
#2	DNB BANK ASA (n/a) - 11.52%	JPMORGAN CHASE & CO (JPM) - 3.00%
#3	KONGSBERG GRUPPEN ASA (n/a) - 5.59%	CITIGROUP INC (C) - 2.83%
#4	NORSK HYDRO ASA (n/a) - 5.48%	INTERNATIONAL BUSINESS MACHINES CORP (IBM) - 2.71%
#5	AKER BP ASA (n/a) - 4.91%	UNITEDHEALTH GROUP INC (UNH) - 2.70%
#6	TELENOR ASA (n/a) - 4.34%	NVIDIA CORP (NVDA) - 2.51%
#7	MOWI ASA (n/a) - 3.92%	STATE STREET INSTL TRS PLS MMKT PREMIER (TPIXX) - 2.12%
#8	ORKLA ASA (n/a) - 3.67%	MICROSOFT CORP (MSFT) - 2.05%
#9	STOREBRAND ASA (n/a) - 3.64%	CONOCOPHILLIPS (COP) - 2.04%
#10	YARA INTERNATIONAL ASA (n/a) - 3.57%	ALPHABET INC CLASS C (GOOG) - 2.01%
#11	SUBSEA 7 SA (n/a) - 3.53%	n/a (TSM) - 1.96%
#12	GJENSIDIGE FORSIKRING ASA (n/a) - 2.70%	APPLE INC (AAPL) - 1.93%
#13	FRONTLINE PLC (FRO) - 2.61%	BRISTOL-MYERS SQUIBB CO (BMY) - 1.84%
#14	SPAREBANK 1 SOR NORGE ASA (n/a) - 2.00%	U.S. BANCORP (USB) - 1.82%
#15	VAR ENERGI ASA (n/a) - 1.97%	LOCKHEED MARTIN CORP (LMT) - 1.79%
#16	VEND MARKETPLACES ASA ORDINARY SHARES (n/a) - 1.93%	CATERPILLAR INC (CAT) - 1.77%
#17	SALMAR ASA (n/a) - 1.54%	PHILLIPS 66 (PSX) - 1.77%
#18	NORDIC SEMICONDUCTOR ASA (n/a) - 1.41%	EXXON MOBIL CORP (XOM) - 1.74%
#19	AKER ASA CLASS A (n/a) - 1.36%	HEWLETT PACKARD ENTERPRISE CO (HPE) - 1.66%
#20	TGS ASA (n/a) - 1.26%	THE GOLDMAN SACHS GROUP INC (GS) - 1.55%
#21	PROTECTOR FORSIKRING ASA (n/a) - 1.20%	WELLS FARGO & CO (WFC) - 1.48%
#22	SPAREBANK 1 SMN DEPOSITORY RECEIPTS (n/a) - 1.13%	FRANKLIN RESOURCES INC (BEN) - 1.45%
#23	KONGSBERG MARITIME ASA (n/a) - 1.12%	MYERS INDUSTRIES INC (MYE) - 1.39%
#24	TOMRA SYSTEMS ASA (n/a) - 1.03%	MERCK & CO INC (MRK) - 1.35%
#25	BAKKAFROST P/F (n/a) - 1.03%	VERIZON COMMUNICATIONS INC (VZ) - 1.29%
Total Holdings	63	80

NORW vs RFDA - Historical Returns

Returns include dividend reinvestment.

Period	NORW	RFDA
1 month	+1.70%	+2.52%
3 months	-3.84%	+7.41%
6 months	+14.85%	+12.65%
1 year	+28.13%	+22.81%
5 years(CAGR)	+7.00%	+12.77%
10 years(CAGR)	+9.43%	+13.19%
Max(CAGR)	+8.62%	+13.34%

NORW

+1.70%

Winner

RFDA

+2.52%

NORW

-3.84%

Winner

RFDA

+7.41%

Winner

NORW

+14.85%

RFDA

+12.65%

Winner

NORW

+28.13%

RFDA

+22.81%

5Y(CAGR)

NORW

+7.00%

Winner

RFDA

+12.77%

10Y(CAGR)

NORW

+9.43%

Winner

RFDA

+13.19%

Max(CAGR)

NORW

+8.62%

Winner

RFDA

+13.34%

NORW vs RFDA - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	NORW	RFDA
2026	+19.15%	+13.62%
2025	+30.87%	+16.45%
2024	-0.60%	+20.00%
2023	+7.95%	+17.34%
2022	-13.23%	-9.13%
2021	+11.44%	+27.84%
2020	+24.91%	+10.69%
2019	+14.86%	+26.60%
2018	-11.15%	-9.74%
2017	+23.44%	+19.28%
2016	-6.19%	+8.15%
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 RFDA Drawdown Comparison

The maximum drawdown for NORW was -35.62%, occurring on Sep 23, 2011. Recovery took 442 trading sessions.

The maximum drawdown for RFDA was -34.61%, occurring on Mar 23, 2020. Recovery took 136 trading sessions.

The current NORW drawdown is -7.89%. The current RFDA drawdown is -0.29%.

Rank	NORW	RFDA
#1	-35.62% Apr 29, 2011 - Feb 1, 2013	-34.61% Feb 12, 2020 - Aug 26, 2020
#2	-33.89% Jan 24, 2018 - Jul 15, 2020	-21.21% Aug 29, 2018 - Oct 23, 2019
#3	-32.77% Aug 16, 2021 - May 21, 2025	-19.35% Dec 4, 2024 - Jun 30, 2025
#4	-25.23% Jun 6, 2014 - Sep 7, 2017	-18.76% Mar 29, 2022 - Jul 13, 2023
#5	-19.56% Apr 20, 2010 - Sep 20, 2010	-11.40% Jul 31, 2023 - Dec 13, 2023
#6	-14.49% May 21, 2026 - Jun 26, 2026	-9.64% Jan 26, 2018 - Aug 21, 2018
#7	-11.87% Jan 11, 2010 - Apr 1, 2010	-9.18% Sep 2, 2020 - Nov 16, 2020
#8	-11.38% May 21, 2013 - Jul 25, 2013	-8.79% Jul 16, 2024 - Sep 19, 2024
#9	-9.63% Oct 12, 2020 - Nov 10, 2020	-6.21% Jan 14, 2022 - Mar 25, 2022
#10	-9.61% Nov 4, 2010 - Dec 30, 2010	-5.54% Sep 3, 2021 - Oct 21, 2021
#11	-9.18% Sep 16, 2025 - Jan 2, 2026	-5.45% Feb 9, 2026 - Apr 13, 2026
#12	-8.99% Nov 11, 2009 - Jan 11, 2010	-5.31% Aug 15, 2016 - Nov 14, 2016
#13	-8.87% Feb 1, 2011 - Mar 30, 2011	-4.78% Nov 16, 2021 - Dec 16, 2021
#14	-7.95% Sep 22, 2009 - Oct 20, 2009	-4.69% Feb 12, 2021 - Mar 12, 2021
#15	-7.16% Oct 11, 2017 - Jan 12, 2018	-4.69% Oct 28, 2025 - Dec 23, 2025

Correlation

Correlation between NORW and RFDA 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 RFDA dividend yield comparison.

Year	NORW	RFDA
2026	6.19%	1.08%
2025	3.44%	1.89%
2024	6.02%	2.23%
2023	5.27%	2.68%
2022	4.01%	3.57%
2021	1.51%	1.44%
2020	1.13%	1.62%
2019	2.47%	1.87%
2018	3.53%	2.44%
2017	3.64%	1.90%
2016	3.79%	0.98%
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%