NORW vs SPEU: holdings overlap, shared companies and scores
As of October 9, 2026, NORW and SPEU overlap 1.5% by weight. Global X MSCI Norway ETF (NORW): Norwegian equity market. State Street SPDR Portfolio Europe ETF (SPEU): Broad Western European companies.
Updated October 9, 2026
Where NORW and SPEU trade against their own history
NORW trades at 13.1 times earnings, against its own median of 14.2, and is cheaper than 62% of its own last 9 years.
SPEU trades at 16.4 times earnings, against its own median of 16.6, and is cheaper than 52% of its own last 7 years.
What moved SPEU this week
SPEU fell 0.5% in the week to October 9, 2026. The holdings that moved it most were ASML (−3.4%), Schneider Electric (−12.3%) and Rolls-Royce (−6.0%); Totalenergies SE (+5.2%) pushed the other way.
What do NORW and SPEU each hold?
What's inside NORW: Tech 4%, Semiconductors 2%.
58% of NORW is its ten largest holdings.
What's inside SPEU: Tech 10%, Semiconductors 6%.
19% of SPEU is its ten largest holdings.
How much do NORW and SPEU overlap? 1.5% by weight
As of October 9, 2026, NORW and SPEU overlap 1.5% by weight.
100% of NORW is already inside SPEU.
2% of SPEU is already inside NORW.
NORW holds 59 companies and SPEU holds 1,693; 58 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score NORW and SPEU? 3.9 and 4.9 out of 10
As of October 9, 2026, ETF Copilot scores NORW 3.9 out of 10 and SPEU 4.9 out of 10.
They differ most on Growth: NORW 0.0 and SPEU 4.8.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | NORW | SPEU |
|---|---|---|
| Growth | 0.0 | 4.8 |
| Value | 6.0 | 5.9 |
| Risk | 2.9 | 4.8 |
| Quality | 7.7 | 5.7 |
| Return | 4.4 | 4.1 |
SPEU is the cheaper of the two at 0.07% a year
As of October 9, 2026, NORW charges 0.50% a year, yields 7.08% and holds $91M in assets across 59 positions.
As of October 9, 2026, SPEU charges 0.07% a year, yields 3.63% and holds $683M in assets across 1693 positions.
| Measure | NORW | SPEU |
|---|---|---|
| Expense ratio | 0.50% | 0.07% |
| Dividend yield | 7.08% | 3.63% |
| Assets under management | $91M | $683M |
| Holdings | 59 | 1693 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “NORW vs SPEU holdings overlap and scores”, as of October 9, 2026.
https://etf-copilot.com/compare/norw-vs-speu
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