RFDA vs NORW

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

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

RFDA vs NORW - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

RFDA

$86M

Winner

NORW

$87M

Expense Ratio

RFDA

0.52%

Winner

NORW

0.50%

Max Drawdown

Winner

RFDA

34.81%

NORW

42.58%

Sharpe Ratio

Winner

RFDA

1.49

NORW

1.33

5Y Beta

RFDA

0.87

Winner

NORW

0.66

P/E Ratio

RFDA

22.00

NORW

N/A

Forward P/E

RFDA

15.23

NORW

N/A

PEG Ratio

RFDA

0.48

NORW

N/A

5Y Dividends CAGR

RFDA

14.25%

Winner

NORW

32.53%

5Y EPS CAGR

RFDA

13.28%

NORW

N/A

P/S Ratio

RFDA

1.76

NORW

N/A

P/B Ratio

RFDA

2.79

NORW

N/A

RFDA vs NORW - Holdings Comparison

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

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

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

RFDA vs NORW - Historical Returns

Returns include dividend reinvestment.

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

Winner

RFDA

+2.52%

NORW

+1.70%

Winner

RFDA

+7.41%

NORW

-3.84%

RFDA

+12.65%

Winner

NORW

+14.85%

RFDA

+22.81%

Winner

NORW

+28.13%

5Y(CAGR)

Winner

RFDA

+12.77%

NORW

+7.00%

10Y(CAGR)

Winner

RFDA

+13.19%

NORW

+9.43%

Max(CAGR)

Winner

RFDA

+13.34%

NORW

+8.62%

RFDA vs NORW - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

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

RFDA vs NORW Drawdown Comparison

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

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

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

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

Correlation

Correlation between RFDA 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 - 2026)

RFDA vs NORW dividend yield comparison.

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