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ENOR
iShares MSCI Norway ETF

Price: $28.36
Change: $0.26 (0.01%)
Category: Europe Equities
Last Updated:

Vitals

Investment Themes

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.

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $15.42
  • 52 Week Hi $28.41
  • AUM $43.3 M
  • Shares 1.6 M

Historical Trading Data

  • 1 Month Avg. Volume 17,952
  • 3 Month Avg. Volume 13,611

Alternative ETFs in the Europe Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VGK 0.08% $16.2 B 3 M 8.90%
Largest (AUM) VGK 0.08% $16.2 B 3 M 8.90%
Most Liquid (Volume) EZU 0.51% $5.2 B 3 M 9.05%
Top YTD Performer EWD 0.51% $496.2 M 204,273 17.79%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

59
Number of Holdings
58.70%
% Assets in Top 10
70.28%
% Assets in Top 15
98.82%
% Assets in Top 50
 
View Detailed Analysis
 
Number of Holdings
59
Rank
35 of 64
Low
PTEU (1)
High
SPEU (1454)
% Assets in Top 10
58.70%
Rank
41 of 64
Low
IEUS (4.58%)
High
PTEU (100.00%)
% Assets in Top 15
70.28%
Rank
24 of 64
Low
IEUS (6.63%)
High
PTEU (100.00%)
% Assets in Top 50
98.82%
Rank
31 of 64
Low
IEUS (18.33%)
High
EWP (100.02%)

 
View Summary Analysis
 

ENOR Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
18.77
Rank
26 of 64
Low
ERUS (7.94)
High
FPXE (37.37)

ENOR Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.31
Dividend Date
2020-12-14
Annual Dividend Rate
$0.60

$0.31
Dividend
2020-12-14
Dividend Date
$0.60
Annual Dividend Rate
Annual Dividend Yield
2.14%
Rank
24 of 62
Low
EDEN (0.41%)
High
ERUS (4.22%)

ENOR Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 4.21 M 1 Month Net Flows: 11.12 M 3 Month Net Flows: 11.12 M 6 Month Net Flows: 7.18 M 1 Year Net Flows: 12.79 M 3 Year Net Flows: 4.29 M 5 Year Net Flows: 15.44 M 10 Year Net Flows: 41.88 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 ETFdb 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 ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

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Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B n/a
Expenses B- n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

ENOR Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.536%
ETF Wtd. Average
0.19%
Category Average
0.45%
Expense Ratio
0.53%
Rank
40 of 64
Low
VGK (0.08%)
High
RFEU (0.83%)
ESG Themes and Scores
8.96/10
ESG Score
98.64%
Global Percentile
98.68%
Peer Percentile
Environmental
Social
Governance
  • Environmental Scores
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      18.44%
      Higher is better, no ESG score impact
    Carbon Intensity
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      194.77
      Higher is worse, no ESG score impact
    Fossil Fuel Reserves
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    Water Stress
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    Energy Efficiency
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    Alternative Energy
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    Green Building
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    Pollution Prevention
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    Water Sustainability
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
  • Social Scores
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      18.44%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      1.1%
      Higher is worse, no ESG score impact
    Affordable Real Estate
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    Education
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    Major Disease Treatment
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    Healthy Nutrition
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    Global Sanitation
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    SME Finance
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    Human Rights Violations
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    Labor Rights Violations
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    Customer Controversies
    • Severe Customer Controversies (%)
      Lower improves ESG score
    UN Principles Violations
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    Catholic Values
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    Sharia Compliant Investing
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    Adult Entertainment
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    Alcohol
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    Gambling
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    Nuclear Power
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    Tobacco
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    Weapons Involvement
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    Firearms
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    Predatory Lending
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    GMO Involvement
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
  • Responsible Governance Score
    • Severe Governance Controversies (%)
      Lower improves ESG score
    Board Flag
    • Board Flag (%)
      Lower improves ESG score
    Board Independence
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    Board Diversity
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    Entrenched Board
    • Entrenched Board (%)
      Lower improves ESG score
    Overboarding
    • Overboarding (%)
      Lower improves ESG score
    Shareholder Rights
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    Fund Ownership
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    Poison Pill
    • Poison Pill (%)
      Lower improves ESG score
    Executive Compensation
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    Accounting Flags
    • Accounting Flag (%)
      Lower improves ESG score

ENOR Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

1.06%
1 Week Return
0.71%
4 Week Return
9.04%
13 Week Return
34.82%
26 Week Return
13.03%
Year to Date Return
73.04%
1 Year Return
9.96%
3 Year Return
61.36%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
1.06%
Rank
25 of 63
Low
EUSC (-0.55%)
High
RFEU (3.77%)
4 Week Return
0.71%
Rank
60 of 64
Low
ERUS (-2.70%)
High
EWN (5.52%)
13 Week Return
9.04%
Rank
7 of 64
Low
ERUS (-1.87%)
High
EWD (13.48%)
26 Week Return
34.82%
Rank
5 of 64
Low
PTEU (7.08%)
High
EWO (48.70%)
Year to Date Return
13.03%
Rank
6 of 64
Low
FPXE (1.76%)
High
EWD (17.79%)
1 Year Return
73.04%
Rank
6 of 64
Low
PTEU (1.26%)
High
SMEZ (81.25%)
3 Year Return
9.96%
Rank
50 of 62
Low
EPOL (-21.63%)
High
EWD (57.46%)
5 Year Return
61.36%
Rank
19 of 53
Low
PTEU (1.84%)
High
EWN (113.96%)

 
View Summary Analysis
 

ENOR Price and Volume Chart

Sector Breakdown

Asset Percentage
Share/Common/Ordinary 99.8%
CASH 0.17%
Other 0.05%
Sector Percentage
Finance 25.23%
Process Industries 14.01%
Energy Minerals 11.29%
Consumer Non-Durables 10.56%
Communications 7.33%
Non-Energy Minerals 5.54%
Producer Manufacturing 5.47%
Consumer Services 4.22%
Industrial Services 3.96%
Electronic Technology 3.03%
Utilities 2.54%
Commercial Services 2.13%
Transportation 1.71%
Technology Services 1.62%
Retail Trade 0.78%
Distribution Services 0.19%
Consumer Durables 0.19%
CASH 0.17%
Other 0.05%
Region Percentage
EUR 99.8%
Other 0.22%
Region Percentage
Country Percentage
NO 94.33%
FO 2.28%
BM 1.42%
GB 1.35%
SG 0.42%
Other 0.22%
 
View Less Charts
 
Asset Percentage
Share/Common/Ordinary 99.8%
CASH 0.17%
Other 0.05%
 
View More Charts
 

ENOR Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

 
View Detailed Analysis
 
5 Day Volatility
56.91%
Rank
38 of 64
Low
FLIY (4.02%)
High
EWO (309.29%)
20 Day Volatility
19.23%
Rank
7 of 64
Low
FLEH (8.23%)
High
EURZ (24.87%)
50 Day Volatility
19.78%
Rank
7 of 64
Low
FLEH (8.29%)
High
FPXE (25.65%)
200 Day Volatility
20.30%
Rank
7 of 64
Low
FLEH (10.56%)
High
EPOL (24.84%)
Beta
1.22
Rank
5 of 64
Low
PTEU (0.42)
High
FKU (1.33)
Standard Deviation
3.50%
Rank
29 of 64
Low
PTEU (0.91%)
High
EDEN (10.84%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $27.77
  • 60 Day MA $26.95
  • MACD 15 Period 0.52
  • MACD 100 Period 2.43
  • Williams % Range 10 Day 6.94
  • Williams % Range 20 Day 2.73
  • RSI 10 Day 62
  • RSI 20 Day 60
  • RSI 30 Day 59
  • Ultimate Oscillator 63

Bollinger Brands

  • Lower Bollinger (10 Day) $27.69
  • Upper Bollinger (10 Day) $28.39
  • Lower Bollinger (20 Day) $26.95
  • Upper Bollinger (20 Day) $28.56
  • Lower Bollinger (30 Day) $26.89
  • Upper Bollinger (30 Day) $28.59

Support & Resistance

  • Support Level 1 $28.26
  • Support Level 2 $28.16
  • Resistance Level 1 $28.43
  • Resistance Level 2 $28.51

Stochastic

  • Stochastic Oscillator %D (1 Day) 66.33
  • Stochastic Oscillator %D (5 Day) 64.38
  • Stochastic Oscillator %K (1 Day) 62.13
  • Stochastic Oscillator %K (5 Day) 57.43

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Download the fact sheet PDF

Disclosures

Copyright © 2021 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.
© 2021 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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