NORW vs SBIO
Comparison between GLOBAL X MSCI NORWAY ETF (NORW, ETF) and ALPS MEDICAL BREAKTHROUGHS ETF (SBIO, ETF).
5-Year PerformanceNORW has outperformed SBIO, delivering a return of +7.5% compared to +1.9%
NORW vs SBIO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
NORW
$162M
Winner
SBIO
$162M
Expense Ratio
NORW
0.50%
SBIO
0.50%
Max Drawdown
Winner
NORW
42.58%
SBIO
63.06%
Sharpe Ratio
NORW
1.39
Winner
SBIO
1.79
5Y Beta
Winner
NORW
0.66
SBIO
1.03
P/E Ratio
NORW
N/A
SBIO
-12.79
5Y Dividends CAGR
Winner
NORW
38.10%
SBIO
9.24%
Debt to Equity
NORW
N/A
SBIO
2.08%
P/S Ratio
NORW
N/A
SBIO
6.98
P/B Ratio
NORW
N/A
SBIO
3.94
NORW vs SBIO - Holdings Comparison
NORW and SBIO have 1 common holdings. Overlap is -2.42%
NORW's top 25 holdings weight is 85.97%. SBIO's top 25 holdings weight is 63.55%.
| Rank | NORW | SBIO |
|---|---|---|
| #1 | EQUINOR ASA (n/a) - 11.48% | ALKERMES PLC (ALKS) - 4.84% |
| #2 | DNB BANK ASA (n/a) - 10.77% | KYMERA THERAPEUTICS INC ORDINARY SHARES (KYMR) - 4.06% |
| #3 | NORSK HYDRO ASA (n/a) - 7.15% | SPYRE THERAPEUTICS INC (SYRE) - 3.93% |
| #4 | KONGSBERG GRUPPEN ASA (n/a) - 6.14% | MIRUM PHARMACEUTICALS INC (MIRM) - 3.77% |
| #5 | AKER BP ASA (n/a) - 5.04% | APOGEE THERAPEUTICS INC (APGE) - 3.21% |
| #6 | TELENOR ASA (n/a) - 4.32% | CG ONCOLOGY INC (CGON) - 3.12% |
| #7 | MOWI ASA (n/a) - 4.02% | XENON PHARMACEUTICALS INC (XENE) - 3.02% |
| #8 | YARA INTERNATIONAL ASA (n/a) - 3.74% | TRAVERE THERAPEUTICS INC ORDINARY SHARES (TVTX) - 2.83% |
| #9 | SUBSEA 7 SA (n/a) - 3.35% | CELCUITY INC (CELC) - 2.80% |
| #10 | ORKLA ASA (n/a) - 3.28% | EDGEWISE THERAPEUTICS INC (EWTX) - 2.64% |
| #11 | STOREBRAND ASA (n/a) - 3.27% | DIANTHUS THERAPEUTICS INC (DNTH) - 2.57% |
| #12 | CASH (n/a) - 2.65% | NEWAMSTERDAM PHARMA CO NV (NAMS) - 2.51% |
| #13 | GJENSIDIGE FORSIKRING ASA (n/a) - 2.30% | ACADIA PHARMACEUTICALS INC (ACAD) - 2.48% |
| #14 | FRONTLINE PLC (FRO) - 2.16% | CRINETICS PHARMACEUTICALS INC (CRNX) - 2.35% |
| #15 | VAR ENERGI ASA (n/a) - 2.07% | VIKING THERAPEUTICS INC (VKTX) - 2.30% |
| #16 | VEND MARKETPLACES ASA ORDINARY SHARES (n/a) - 1.88% | DENALI THERAPEUTICS INC (DNLI) - 2.12% |
| #17 | SPAREBANK 1 SOR NORGE ASA (n/a) - 1.80% | ORUKA THERAPEUTICS INC (ORKA) - 1.88% |
| #18 | SALMAR ASA (n/a) - 1.77% | RELAY THERAPEUTICS INC ORDINARY SHARES (RLAY) - 1.86% |
| #19 | NORDIC SEMICONDUCTOR ASA (n/a) - 1.73% | DISC MEDICINE INC ORDINARY SHARES (IRON) - 1.83% |
| #20 | TGS ASA (n/a) - 1.41% | STRUCTURE THERAPEUTICS INC ADR (GPCR) - 1.81% |
| #21 | AKER ASA CLASS A (n/a) - 1.31% | IDEAYA BIOSCIENCES INC (IDYA) - 1.70% |
| #22 | KITRON ASA (n/a) - 1.12% | n/a (TARS) - 1.70% |
| #23 | KONGSBERG MARITIME ASA (n/a) - 1.08% | VERA THERAPEUTICS INC CLASS A (VERA) - 1.52% |
| #24 | SPAREBANK 1 SMN DEPOSITORY RECEIPTS (n/a) - 1.07% | MINERALYS THERAPEUTICS INC (MLYS) - 1.35% |
| #25 | PROTECTOR FORSIKRING ASA (n/a) - 1.06% | CELLDEX THERAPEUTICS INC (CLDX) - 1.35% |
| Total Holdings | 63 | 87 |
NORW vs SBIO - Historical Returns
Returns include dividend reinvestment.
1M
Winner
NORW
-2.72%
SBIO
-4.31%
3M
NORW
+2.93%
Winner
SBIO
+5.14%
6M
Winner
NORW
+28.34%
SBIO
+2.95%
1Y
NORW
+27.27%
Winner
SBIO
+68.66%
5Y(CAGR)
Winner
NORW
+7.49%
SBIO
+1.91%
10Y(CAGR)
Winner
NORW
+9.93%
SBIO
+9.09%
Max(CAGR)
Winner
NORW
+8.85%
SBIO
+7.58%
NORW vs SBIO - Annual Returns (2009 - 2026)
Returns include dividend reinvestment.
| Year | NORW | SBIO |
|---|---|---|
| 2026 | +22.30% | +5.18% |
| 2025 | +30.87% | +53.69% |
| 2024 | -0.60% | +4.25% |
| 2023 | +7.95% | +11.05% |
| 2022 | -13.23% | -30.19% |
| 2021 | +11.44% | -17.90% |
| 2020 | +24.91% | +23.09% |
| 2019 | +14.86% | +47.58% |
| 2018 | -11.15% | -13.24% |
| 2017 | +23.44% | +44.12% |
| 2016 | -6.19% | -25.20% |
| 2015 | +0.12% | +26.42% |
| 2014 | -3.61% | +0.00% |
| 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 SBIO Drawdown Comparison
The maximum drawdown for NORW was -35.62%, occurring on Sep 23, 2011. Recovery took 442 trading sessions.
The maximum drawdown for SBIO was -63.06%, occurring on Oct 27, 2023. This drawdown has not yet recovered.
The current NORW drawdown is -5.47%. The current SBIO drawdown is -13.96%.
| Rank | NORW | SBIO |
|---|---|---|
| #1 | -35.62% Apr 29, 2011 - Feb 1, 2013 | -63.06% Feb 8, 2021 - Oct 27, 2023 |
| #2 | -33.89% Jan 24, 2018 - Jul 15, 2020 | -49.69% Jul 17, 2015 - Jun 6, 2018 |
| #3 | -32.77% Aug 16, 2021 - May 21, 2025 | -39.30% Dec 24, 2019 - Jun 23, 2020 |
| #4 | -25.23% Jun 6, 2014 - Sep 7, 2017 | -32.42% Sep 28, 2018 - Nov 25, 2019 |
| #5 | -19.56% Apr 20, 2010 - Sep 20, 2010 | -13.78% Apr 23, 2015 - May 20, 2015 |
| #6 | -11.87% Jan 11, 2010 - Apr 1, 2010 | -13.03% Jun 23, 2020 - Oct 7, 2020 |
| #7 | -11.38% May 21, 2013 - Jul 25, 2013 | -11.31% Mar 19, 2015 - Apr 13, 2015 |
| #8 | -9.63% Oct 12, 2020 - Nov 10, 2020 | -6.72% Jun 6, 2018 - Sep 28, 2018 |
| #9 | -9.61% Nov 4, 2010 - Dec 30, 2010 | -6.30% Jan 27, 2015 - Feb 17, 2015 |
| #10 | -9.18% Sep 16, 2025 - Jan 2, 2026 | -6.29% Jun 22, 2015 - Jul 13, 2015 |
| #11 | -8.99% Nov 11, 2009 - Jan 11, 2010 | -6.19% Dec 22, 2020 - Jan 7, 2021 |
| #12 | -8.87% Feb 1, 2011 - Mar 30, 2011 | -4.88% Oct 13, 2020 - Oct 27, 2020 |
| #13 | -7.95% Sep 22, 2009 - Oct 20, 2009 | -3.81% Jan 14, 2015 - Jan 20, 2015 |
| #14 | -7.16% Oct 11, 2017 - Jan 12, 2018 | -3.39% Oct 27, 2020 - Nov 4, 2020 |
| #15 | -7.06% Aug 21, 2009 - Sep 9, 2009 | -3.31% Jan 26, 2021 - Feb 1, 2021 |
Correlation
Correlation between NORW and SBIO is 0.66 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.66
-101
Dividend Comparison (2009 - 2025)
NORW vs SBIO dividend yield comparison.
| Year | NORW | SBIO |
|---|---|---|
| 2025 | 3.44% | 0.00% |
| 2024 | 6.02% | 3.55% |
| 2023 | 5.27% | 0.22% |
| 2022 | 4.01% | 0.00% |
| 2021 | 1.51% | 0.00% |
| 2020 | 1.13% | 0.00% |
| 2019 | 2.47% | 0.04% |
| 2018 | 3.53% | 2.79% |
| 2017 | 3.64% | 1.77% |
| 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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