NORW vs VTI
Global X MSCI Norway ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, NORW or VTI?
Mid Cap Blend against Large Cap Blend.
VTI has a lower expense ratio. NORW led over 1Y, VTI over 3Y, 5Y and the full window. VTI is less concentrated, with 33.5% of the fund in its ten largest positions against 57.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | NORW | VTI |
|---|---|---|
| Expense Ratio | 0.50% | 0.03%Best |
| AUM | $93M | $689.2B |
| Dividend Yield | 7.09% | 1.06% |
| Holdings | 64 | 3,524 |
| YTD Return | +27.24%Best | +13.02% |
| 1Y Return | +34.08%Best | +16.63% |
| 3Y Return (annualized) | +20.94% | +21.97%Best |
| 5Y Return (annualized) | +8.05% | +11.99%Best |
| Volatility (annualized) | 19.1% | 14.8%Best |
| Max Drawdown | -42.6% | -35.0%Best |
| $10,000 over 5 years | $14,727 | $17,616Best |
| Top 10 Weight | 57.5% | 33.5%Best |
| Fund Family | Global X by mirae Asset | Vanguard (US) |
| Category | Equity | Equity |
| Style | Mid Cap Blend | Large Cap Blend |
| Inception | Nov 9, 2010 | May 24, 2001 |
Volatility and max drawdown are measured over the window both funds cover: Aug 19, 2009 to Oct 14, 2026 (17.2 years).
NORW vs VTI growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 17.2 years both funds cover.
NORW vs VTI Performance
Global X MSCI Norway ETF (NORW) is an ETF from Global X by mirae Asset and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year NORW returned +34.08% while VTI returned +16.63%. Year to date, NORW is up 27.24% versus a gain of 13.02% for VTI.
Over three years, NORW compounded at +20.94% per year against +21.97% for VTI; over five years the annualized figures are +8.05% and +11.99% respectively. Across the full 17-year window we track, VTI has the edge at +12.95% annualized vs +6.98%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
NORW has been the more volatile fund, with annualized monthly volatility of 19.1% compared with 14.8% for VTI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -42.6% for NORW and -35.0% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
NORW charges 0.50% per year while VTI charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, NORW currently yields 7.09% against 1.06% for VTI.
Holdings Overlap
We hold position weights for 59 holdings in NORW and 3,441 in VTI, totalling 99.8% and 98.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 59 positions we hold weights for in NORW and 3,441 in VTI, against full books of 64 and 3,524.
What only one of them owns
Our book lists 1,156 positions for VTI that do not appear in our book for NORW (97.6% of the fund), and 2 for NORW that do not appear in VTI (9.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of NORW and VTI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, NORW or VTI?
NORW has an expense ratio of 0.50% while VTI charges 0.03%. VTI is the cheaper option, by $47 a year on a $10,000 investment.
Which performed better, NORW or VTI?
Over the past year NORW returned +34.08% vs +16.63% for VTI, so NORW leads on 1-year performance. Over the longest common window we track (17 years), NORW annualized +6.98% vs +12.95% for VTI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, NORW or VTI?
NORW has been the more volatile fund at 19.1% annualized versus 14.8% for VTI. Worst drawdown: NORW -42.6% vs VTI -35.0%.
Should I hold both NORW and VTI?
NORW and VTI have a monthly-return correlation of 0.69, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, NORW or VTI?
NORW yields 7.09% while VTI yields 1.06%, so NORW currently pays the higher dividend yield.
Is VTI better than NORW?
VTI has a lower expense ratio. NORW led over 1Y, VTI over 3Y, 5Y and the full window. VTI is less concentrated, with 33.5% of the fund in its ten largest positions against 57.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.