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Vitals
Issuer
BlackRock, Inc.
Brand
iShares
Structure
ETF
Expense Ratio
0.53%
ETF Home Page
Home page
Inception
Jan 23, 2012
Index Tracked
MSCI Norway IMI 25/50 Index
Analyst Report
Norwegian exposure was once hard to come by as far as ETFs are concerned. While it was not the first of its kind, ENOR was one of the earliest products to dedicate itself to Norway’s economy. While Norway may not have the largest economy in Europe, it certainly presents a number of lucrative opportunities for investors.
The fund holds about 50 securities but grants most of that exposure to the top ten, with that select group accounting for well over half of total assets. It should also be noted that ENOR has a heavy tilt towards energy, as Norway’s economy is well known for their strong production of fossil fuels. Digging deeper into the holdings, investors will find that the fund has a nice diversity as far as market cap spread is concerned, with companies of all sizes given equitable representation.
Despite its pitfalls, ENOR comes out with solid Norwegian exposure as it has a deeper, more diversified set of holdings than the competing NORW. ENOR does charge 3 basis points more than the aforementioned ETF, but the cost may be worth the more detailed exposure.
ETF Database Themes
Category
Europe Equities
Asset Class
Equity
Asset Class Size
Multi-Cap
Asset Class Style
Blend
Region (General)
North America
Region (Specific)
U.S.
FactSet Classifications
| Segment | Equity: Norway - Total Market |
| Category | Size and Style |
| Focus | Total Market |
| Niche | Broad-based |
| Strategy | Vanilla |
| Weighting Scheme | Market Cap |
Historical Trading Data
- 1 Month Avg. Volume 6,435
- 3 Month Avg. Volume 11,108
Alternative ETFs in the ETF Database Europe Equities Category
Alternative ETFs in the FactSet Equity: Norway - Total Market Segment
Top 15 Holdings New
Concentration Analysis
This section compares how balanced and deep this ETF is relative to its peers.
Holdings Comparison
| ENOR | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 70 | 223 | 70 |
| % of Assets in Top 10 | 57.32% | 44.95% | 57.41% |
| % of Assets in Top 15 | 67.95% | 53.92% | 68.06% |
| % of Assets in Top 50 | 96.19% | 79.13% | 96.33% |
Size Comparison
| ENOR | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 40.42% | 64.01% | 40.56% |
| Mid (>2.7B) | 39.14% | 22.17% | 39.13% |
| Small (>600M) | 18.33% | 6.67% | 18.31% |
| Micro (<600M) | 1.94% | 0.63% | 1.92% |
ENOR Valuation
This section compares the P/E ratio of this ETF to its peers.
ENOR
P/E Ratio
7.02
ETF Database Category Average
P/E Ratio
10.58
FactSet Segment Average
P/E Ratio
7.90
ENOR Dividend
This section compares the dividend yield of this ETF to its peers.
| ENOR | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.42 | $ 0.38 | $ 0.46 |
| Dividend Date | 2023-12-20 | N/A | N/A |
| Annual Dividend Rate | $ 1.23 | $ 1.19 | $ 1.29 |
| Annual Dividend Yield | 5.26% | 3.08% | 5.37% |
ENOR Price and Volume Charts
View charts featuring ENOR price and volume data.
ENOR Fund Flows Charts New
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: -1.21 M 3 Month Net Flows: -4.64 M 6 Month Net Flows: -9.31 M 1 Year Net Flows: -6.95 M 3 Year Net Flows: -9.92 M 5 Year Net Flows: -4.03 M 10 Year Net Flows: 20.41 MENOR Price vs Flows AUM Influence Charts
View charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -764.4 K1 Month Net AUM Change: -1.53 M
3 Month Net AUM Change: -4.35 M
6 Month Net AUM Change: -8.81 M
1 Year Net AUM Change: -7.43 M
3 Year Net AUM Change: -17.3 M
5 Year Net AUM Change: -7.31 M
10 Year Net AUM Change: 11.35 M
Realtime Rating
The adjacent table gives investors an individual Realtime Rating for ENOR on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Europe Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
ENOR Expenses & Fees
This section compares the cost efficiency of this ETF to its peers.
Expenses Ratio Analysis
ENOR
Expense Ratio
0.53%
ETF Database Category Average
Expense Ratio
0.46%
FactSet Segment Average
Expense Ratio
0.52%
Tax Analysis
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
ESG Themes and Scores
7.99/10
ESG Score
97.31%
Global Percentile
61.82%
Peer Percentile
ENOR Performance
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| ENOR |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -0.32% | -2.40% | -0.24% |
| 3 Month Return | 0.56% | 4.57% | 0.78% |
| YTD Return | -3.89% | 1.54% | -3.76% |
| 1 Year Return | 7.51% | 8.66% | 7.66% |
| 3 Year Return | -3.21% | 1.63% | -3.24% |
| 5 Year Return | 1.24% | 5.67% | 3.36% |
Geographic Exposure
The following charts reflect the geographic spread of ENOR's underlying holdings.
| Region | Percentage |
|---|---|
| Europe | 99.76% |
| Other | 0.21% |
| Country | Percentage |
|---|---|
| Norway | 86.96% |
| Bermuda | 4.17% |
| United Kingdom | 2.49% |
| Singapore | 2.01% |
| Cyprus | 1.86% |
| Faroe Islands | 1.81% |
| Denmark | 0.46% |
| Other | 0.21% |
Holdings Analysis
The following charts reflect the allocation of ENOR's underlying holdings.
| Sector | Percentage |
|---|---|
| Energy Minerals | 22.2% |
| Finance | 20.1% |
| Consumer Non-Durables | 13.12% |
| Transportation | 8.09% |
| Producer Manufacturing | 7.26% |
| Non-Energy Minerals | 5.47% |
| Technology Services | 4.85% |
| Process Industries | 4.62% |
| Industrial Services | 4.52% |
| Communications | 4.39% |
| Commercial Services | 2.22% |
| Electronic Technology | 1.15% |
| Utilities | 0.97% |
| Retail Trade | 0.69% |
| CASH | 0.21% |
| Health Technology | 0.11% |
| Market Cap | Percentage |
|---|---|
| Large | 40.42% |
| Mid | 39.14% |
| Small | 18.33% |
| Micro | 1.94% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 99.76% |
| CASH | 0.21% |
| Sector | Percentage |
|---|---|
| Energy Minerals | 22.2% |
| Finance | 20.1% |
| Consumer Non-Durables | 13.12% |
| Transportation | 8.09% |
| Producer Manufacturing | 7.26% |
| Non-Energy Minerals | 5.47% |
| Technology Services | 4.85% |
| Process Industries | 4.62% |
| Industrial Services | 4.52% |
| Communications | 4.39% |
| Commercial Services | 2.22% |
| Electronic Technology | 1.15% |
| Utilities | 0.97% |
| Retail Trade | 0.69% |
| CASH | 0.21% |
| Health Technology | 0.11% |
ENOR Technicals
Volatility Analysis
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 140.22% |
| 20 Day Volatility | 13.39% |
| 50 Day Volatility | 13.60% |
| 200 Day Volatility | 16.94% |
| Beta | 1.2 |
| Standard Deviation | 0.82% |
5 Day Volatility
140.22%
Rank
12 of 53
12 of 53
Low
BBEU (6.20%)
BBEU (6.20%)
High
FGM (255.12%)
FGM (255.12%)
20 Day Volatility
13.39%
Rank
26 of 53
26 of 53
Low
DBEU (8.62%)
DBEU (8.62%)
High
ERUS (201.15%)
ERUS (201.15%)
50 Day Volatility
13.60%
Rank
16 of 53
16 of 53
Low
DBEF (8.33%)
DBEF (8.33%)
High
ERUS (147.58%)
ERUS (147.58%)
200 Day Volatility
16.94%
Rank
6 of 53
6 of 53
Low
DBEF (7.53%)
DBEF (7.53%)
High
ERUS (109.38%)
ERUS (109.38%)
Beta
1.2
Rank
4 of 53
4 of 53
Low
OEUR (-1.11)
OEUR (-1.11)
High
FLEU (1.66)
FLEU (1.66)
Standard Deviation
0.82%
Rank
51 of 53
51 of 53
Low
FDD (0.46%)
FDD (0.46%)
High
EDEN (7.24%)
EDEN (7.24%)
Technicals
- 20 Day MA $23.71
- 60 Day MA $23.29
- MACD 15 Period -0.30
- MACD 100 Period 0.06
- Williams % Range 10 Day 74.56
- Williams % Range 20 Day 76.27
- RSI 10 Day 45
- RSI 20 Day 49
- RSI 30 Day 50
- Ultimate Oscillator 45
Bollinger Bands
- Lower Bollinger (10 Day) $22.94
- Upper Bollinger (10 Day) $24.15
- Lower Bollinger (20 Day) $23.05
- Upper Bollinger (20 Day) $24.37
- Lower Bollinger (30 Day) $23.05
- Upper Bollinger (30 Day) $24.22
Support & Resistance
- Support Level 1 $23.35
- Support Level 2 $23.28
- Resistance Level 1 $23.49
- Resistance Level 2 $23.56
Stochastic
- Stochastic Oscillator %D (1 Day) 54.25
- Stochastic Oscillator %D (5 Day) 53.70
- Stochastic Oscillator %K (1 Day) 48.61
- Stochastic Oscillator %K (5 Day) 40.25
Tradability
- Tracking Difference Median (%) n/a
- Tracking Difference Max Upside (%) n/a
- Tracking Difference Max Downside (%) n/a
- Median Premium Discount (%) 0.04
- Maximum Premium Discount (%) 0.96
- Average Spread (%) 7.69
- Average Spread ($) 7.69
Financial Advisor Report
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact Sheet
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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Data Lineage
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ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.
Disclosures
Copyright © 2024 FactSet Research Systems Inc. All rights reserved.
Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
© 2024 Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions.
Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please see disclaimer.
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