Performance analysis of NORW (GLOBAL X MSCI NORWAY ETF)
Annual Return
Over the past 3 years, NORW has had an average annual return of +23.01%, outperforming the benchmark SPY, which returned +22.45% annual.
Over the past 5 years, NORW has had an average annual return of +7.99%, underperforming the benchmark SPY, which returned +13.88% annual.
Over the past 10 years, NORW has had an average annual return of +9.60%, underperforming the benchmark SPY, which returned +15.44% annual.
Since Aug 19, 2009, NORW has had an average annual return of +8.99%, underperforming the benchmark SPY, which returned +14.82% annual.
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +26.31% | +32.55% | -2.53% | +5.02% | -12.55% | +13.65% | +26% | +14.36% | -10.40% | +24.03% | -8.07% | -0.01% |
| 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||
| -5.83% | +27.61% | +28.16% | -19.15% | +26.47% | +7.52% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +8.51% | +9.72% | +6.82% | +0.94% | -1.32% | -0.29% | +26.31% | ||||||
| 2025 | +6.41% | -0.22% | +8.77% | -1.13% | +6.38% | +4.74% | -2.55% | +4.37% | +1.55% | -4.78% | +0.58% | +5.31% | +32.55% |
| 2024 | -5.36% | -1.33% | +3.13% | -0.34% | +12.17% | -3.45% | +0.28% | +1.29% | -1.10% | -2.64% | +0.82% | -4.91% | -2.53% |
| 2023 | +0.19% | -0.70% | -4.78% | +1.15% | -7.04% | +4.90% | +8.52% | -4.17% | +2.21% | -4.74% | +3.86% | +6.87% | +5.02% |
| 2022 | -2.13% | +2.61% | +4.21% | -8.34% | +3.60% | -12.03% | +7.66% | -3.20% | -19.67% | +11.64% | +10.11% | -2.79% | -12.55% |
| 2021 | +0.08% | +0.90% | +3.31% | +5.54% | +4.49% | -1.34% | +3.94% | +2.34% | -5.09% | +4.44% | -8.94% | +4.28% | +13.65% |
| 2020 | -0.23% | -6.18% | -9.80% | +5.73% | +6.24% | +4.22% | +8.82% | +6.36% | -1.41% | -4.84% | +13.54% | +3.41% | +26% |
| 2019 | +5.09% | +1.50% | +0.81% | +2.55% | -6.51% | +7.07% | -4.44% | -1.83% | +2.77% | +1.33% | +0.77% | +5.23% | +14.36% |
| 2018 | +5.47% | -4.10% | -1.65% | -1.55% | -1.67% | -0.73% | +4.75% | -0.57% | +1.15% | -9.23% | +0.44% | -2.41% | -10.40% |
| 2017 | +4.64% | -0.60% | +3.24% | +5.24% | +5.05% | +0.88% | +2.87% | +1.66% | +1.81% | -1.32% | -2.68% | +1.28% | +24.03% |
Drawdown analysis of NORW (GLOBAL X MSCI NORWAY ETF)
The maximum drawdown for the NORW was -35.62%, occurring on Sep 23, 2011. Recovery took 340 trading sessions.
The current NORW drawdown is -3.53%.
Since Aug 19, 2009 NORW has experienced the following drawdowns:
- 30% or more: 3 times
- 20% or more: 4 times
- 10% or more: 7 times
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.62% | Apr 29, 2011 | 102 | Sep 23, 2011 | 340 | Feb 1, 2013 | 442 |
| -33.89% | Jan 24, 2018 | 543 | Mar 23, 2020 | 79 | Jul 15, 2020 | 622 |
| -32.77% | Aug 16, 2021 | 284 | Sep 30, 2022 | 661 | May 21, 2025 | 945 |
| -25.23% | Jun 6, 2014 | 623 | Nov 23, 2016 | 197 | Sep 7, 2017 | 820 |
| -19.56% | Apr 20, 2010 | 34 | Jun 8, 2010 | 72 | Sep 20, 2010 | 106 |
| -11.86% | Jan 11, 2010 | 18 | Feb 5, 2010 | 38 | Apr 1, 2010 | 56 |
| -11.38% | May 21, 2013 | 23 | Jun 24, 2013 | 22 | Jul 25, 2013 | 45 |
| -9.63% | Oct 12, 2020 | 14 | Oct 30, 2020 | 7 | Nov 10, 2020 | 21 |
| -9.61% | Nov 4, 2010 | 17 | Nov 30, 2010 | 21 | Dec 30, 2010 | 38 |
| -9.18% | Sep 16, 2025 | 47 | Nov 20, 2025 | 28 | Jan 2, 2026 | 75 |
| -8.98% | Nov 11, 2009 | 26 | Dec 18, 2009 | 14 | Jan 11, 2010 | 40 |
| -8.87% | Feb 1, 2011 | 30 | Mar 16, 2011 | 10 | Mar 30, 2011 | 40 |
| -7.95% | Sep 22, 2009 | 8 | Oct 2, 2009 | 12 | Oct 20, 2009 | 20 |
| -7.16% | Oct 11, 2017 | 40 | Dec 7, 2017 | 24 | Jan 12, 2018 | 64 |
| -7.06% | Aug 21, 2009 | 7 | Sep 1, 2009 | 5 | Sep 9, 2009 | 12 |
| -6.99% | Jan 22, 2014 | 8 | Feb 3, 2014 | 6 | Feb 11, 2014 | 14 |
| -6.68% | Feb 1, 2013 | 52 | Apr 18, 2013 | 13 | May 7, 2013 | 65 |
| -6.55% | Oct 21, 2009 | 9 | Nov 3, 2009 | 4 | Nov 9, 2009 | 13 |
| -5.91% | Feb 12, 2021 | 13 | Mar 4, 2021 | 21 | Apr 5, 2021 | 34 |
| -5.46% | Jun 16, 2025 | 30 | Jul 30, 2025 | 29 | Sep 10, 2025 | 59 |
| -5.18% | Aug 26, 2020 | 20 | Sep 24, 2020 | 7 | Oct 5, 2020 | 27 |
| -5.12% | Mar 19, 2026 | 2 | Mar 23, 2026 | 6 | Mar 31, 2026 | 8 |
| -5.05% | Oct 24, 2013 | 34 | Dec 12, 2013 | 9 | Dec 26, 2013 | 43 |
| -4.97% | Aug 9, 2013 | 15 | Aug 30, 2013 | 6 | Sep 10, 2013 | 21 |
| -4.79% | Jan 21, 2021 | 6 | Jan 29, 2021 | 10 | Feb 12, 2021 | 16 |