How the Largest Stock ETFs in Norway Performed

Each month, we check in on the performance of the largest Europe-domiciled stock exchange-traded funds available for sale in Norway.

When evaluating ETFs, investors should focus on long-term returns across multiple years and market cycles. However, short-term returns can provide valuable information about biases within strategies.

Out of the 10 largest Europe-domiciled stock ETFs, the top performer last month was the NOK 431.2 billion iShares Core MSCI EM IMI UCITS ETF EIMI, which gained 2.77%. The bottom performer was the NOK 286.2 billion Xtrackers MSCI World UCITS ETF XDWD, which gained 1.13%.

Here’s more about the performance of the largest stock ETFs.

iShares Core S&P 500 UCITS ETF CSSPX

• Morningstar Medalist Rating
  : Gold
• Morningstar Category
  : US Large-Cap Blend Equity

The iShares Core S&P 500 UCITS ETF gained 1.58% in August, outperforming the average fund in the US large-cap blend equity category, which rose 1.44%. The NOK 1.5 trillion fund has gained 12.12% over the past 12 months, while the average fund in its category is up 10.08%. The iShares fund, which launched in May 2010, has climbed 15.78% over the past three years annualized and gained 14.18% annualized over the past five years.

iShares Core MSCI World UCITS ETF IWDA

• Morningstar Medalist Rating
  : Gold
• Morningstar Category
  : Global Large-Cap Blend Equity

In August, the iShares Core MSCI World UCITS ETF rose 1.48%, while the average global large-cap blend equity fund gained 1.47%. The fund outperformed 55% of its peers. The NOK 1.4 trillion fund has climbed 12.44% over the past 12 months, outperforming the average fund in its category, which rose 9.71%. The iShares fund, which launched in September 2009, has climbed 15.23% over the past three years annualized and gained 12.96% annualized over the past five years.

Vanguard S&P 500 UCITS ETF VUSD

• Morningstar Medalist Rating
  : Gold
• Morningstar Category
  : US Large-Cap Blend Equity

The NOK 830.5 billion Vanguard S&P 500 UCITS ETF rose 1.25% in August. The gain on the fund was shy of the 1.44% gain on the average fund in the US large-cap blend equity category, underperforming 63% of its peers. Over the past 12 months, the Vanguard fund rose 11.75%, while the average fund in its category rose 10.08%. The fund, which launched in May 2012, has climbed 15.65% over the past three years annualized and gained 14.10% annualized over the past five years.

Invesco S&P 500 UCITS ETF SPXS

• Morningstar Medalist Rating
  : Gold
• Morningstar Category
  : US Large-Cap Blend Equity

The Invesco S&P 500 UCITS ETF gained 1.26% in August, underperforming the average fund in the US large-cap blend equity category, which rose 1.44%. The NOK 548.5 billion fund has gained 11.89% over the past 12 months, while the average fund in its category is up 10.08%. The Invesco fund, which launched in May 2010, has climbed 15.83% over the past three years annualized and gained 14.31% annualized over the past five years.

iShares Core MSCI EM IMI UCITS ETF EIMI

• Morningstar Medalist Rating
  : Bronze
• Morningstar Category
  : Global Emerging Markets Equity

In August, the iShares Core MSCI EM IMI UCITS ETF rose 2.77%, while the average global emerging markets equity fund gained 2.14%. The fund outperformed 73% of its peers. The NOK 431.2 billion fund has climbed 27.03% over the past 12 months, performing roughly in line with the average fund in its category, which rose 27.48%. The iShares fund, which launched in May 2014, has climbed 17.11% over the past three years annualized and gained 9.73% annualized over the past five years.

State Street SPDR S&P 500 UCITS ETF SPY5

• Morningstar Medalist Rating
  : Gold
• Morningstar Category
  : US Large-Cap Blend Equity

The NOK 404.9 billion State Street SPDR S&P 500 UCITS ETF rose 1.24% in August. The gain on the fund was shy of the 1.44% gain on the average fund in the US large-cap blend equity category, underperforming 63% of its peers. Over the past 12 months, the State Street fund rose 11.77%, while the average fund in its category rose 10.08%. The fund, which launched in March 2012, has climbed 15.66% over the past three years annualized and gained 14.10% annualized over the past five years.

iShares V PLC - iShares MSCI ACWI UCITS ETF ISAC

• Morningstar Medalist Rating
  : Gold
• Morningstar Category
  : Global Large-Cap Blend Equity

In August, the iShares V PLC - iShares MSCI ACWI UCITS ETF rose 1.54%, while the average global large-cap blend equity fund gained 1.47%. The fund outperformed 58% of its peers. The NOK 345.6 billion fund has climbed 14.28% over the past 12 months, outperforming the average fund in its category, which rose 9.71%. The iShares fund, which launched in October 2011, has climbed 15.54% over the past three years annualized and gained 12.65% annualized over the past five years.

Amundi Core S&P 500 Swap LSPU

• Morningstar Medalist Rating
  : Gold
• Morningstar Category
  : US Large-Cap Blend Equity

The NOK 336 billion Amundi Core S&P 500 Swap rose 1.26% in August. The gain on the fund was shy of the 1.44% gain on the average fund in the US large-cap blend equity category, underperforming 61% of its peers. Over the past 12 months, the Amundi fund rose 11.90%, while the average fund in its category rose 10.08%. The fund, which launched in March 2010, has climbed 15.82% over the past three years annualized and gained 14.28% annualized over the past five years.

Xtrackers MSCI World UCITS ETF XDWD

• Morningstar Medalist Rating
  : Gold
• Morningstar Category
  : Global Large-Cap Blend Equity

In August, the Xtrackers MSCI World UCITS ETF rose 1.13%, while the average global large-cap blend equity fund gained 1.47%. The fund underperformed 64% of its peers. The NOK 286.2 billion fund has climbed 12.09% over the past 12 months, outperforming the average fund in its category, which rose 9.71%. The Xtrackers fund, which launched in July 2014, has climbed 15.11% over the past three years annualized and gained 12.88% annualized over the past five years.

iShares MSCI USA CTB Enhanced ESG UCITS ETF EEDS

• Morningstar Medalist Rating
  : Gold
• Morningstar Category
  : US Large-Cap Blend Equity

The iShares MSCI USA CTB Enhanced ESG UCITS ETF gained 1.80% in August, outperforming the average fund in the US large-cap blend equity category, which rose 1.44%. The NOK 281.3 billion fund has gained 10.52% over the past 12 months, while the average fund in its category is up 10.08%. The iShares fund, which launched in March 2019, has climbed 14.32% over the past three years annualized and gained 12.16% annualized over the past five years.