- ISIN
- US37954Y3190
- CUSIP
- 37954Y319
- Issuer
- Global X
- Inception Date
- Dec 7, 2011
- Region
- Developed Europe (Greece)
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI All Greece Select 25-50
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $285M
Share Price Chart
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Performance
GREK Performance Chart
Global X MSCI Greece ETF (GREK) is up 18.0% since the beginning of the year. GREK is currently trading at $78 per share. Investors who bought $1,000 worth of GREK shares 5 years ago would now be looking at an investment worth $3,178.
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Returns By Period
Global X MSCI Greece ETF (GREK) has returned 17.98% so far this year and 47.31% over the past 12 months. Looking at the last ten years, GREK has achieved an annualized return of 17.24%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Global X MSCI Greece ETF
- 1D
- 0.74%
- 1M
- 10.24%
- YTD
- 17.98%
- 6M
- 16.09%
- 1Y
- 47.31%
- 3Y*
- 33.16%
- 5Y*
- 26.02%
- 10Y*
- 17.24%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GREK Monthly Returns History
Based on dividend-adjusted daily data since Dec 8, 2011, GREK's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 58% of months were positive and 42% were negative. The best month was Jan 2012 with a return of +36.9%, while the worst month was May 2012 at -33.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GREK closed higher 51% of trading days. The best single day was Mar 13, 2020 with a return of +13.8%, while the worst single day was Jun 29, 2015 at -19.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.90% | -4.16% | -9.63% | 9.52% | 6.30% | 4.57% | 17.98% | ||||||
| 2025 | 6.65% | 2.92% | 10.31% | 5.43% | 11.07% | 7.12% | 4.26% | 4.26% | 2.08% | -3.39% | 4.98% | 3.03% | 76.11% |
| 2024 | 5.16% | 2.98% | -0.27% | 1.02% | 1.86% | -3.10% | 7.97% | -2.47% | 3.13% | -8.15% | -1.97% | 4.03% | 9.53% |
| 2023 | 14.19% | 7.03% | -6.76% | 3.19% | 8.52% | 9.87% | 5.22% | -3.81% | -11.58% | 1.29% | 11.11% | 1.05% | 42.72% |
| 2022 | 7.15% | -4.41% | -1.85% | -1.73% | 1.45% | -10.33% | 1.14% | -2.42% | -9.36% | 13.20% | 10.41% | 3.14% | 3.64% |
| 2021 | -8.88% | 7.20% | 6.31% | 7.87% | -0.77% | -1.63% | -0.50% | 4.98% | -7.08% | 3.77% | -7.49% | 4.17% | 6.14% |
Benchmark Metrics
Global X MSCI Greece ETF has an annualized alpha of -3.01%, beta of 1.14, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since December 08, 2011.
- This ETF participated in 148.02% of S&P 500 Index downside but only 113.74% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.27 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -3.01%
- Beta
- 1.14
- R²
- 0.27
- Upside Capture
- 113.74%
- Downside Capture
- 148.02%
Expense Ratio
GREK has an expense ratio of 0.58%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GREK ranks 54 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X MSCI Greece ETF (GREK) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GREK | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.23 | 2.78 | -0.55 |
| Martin ratioReturn relative to average drawdown | 6.89 | 12.44 | -5.55 |
Dividends
Dividend History
Global X MSCI Greece ETF provided a 2.94% dividend yield over the last twelve months, with an annual payout of $2.28 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.28 | $2.28 | $1.80 | $0.97 | $0.75 | $0.57 | $0.67 | $0.68 | $0.50 | $0.66 | $0.46 | $0.36 |
Dividend yield | 2.94% | 3.46% | 4.63% | 2.61% | 2.82% | 2.16% | 2.62% | 2.25% | 2.41% | 2.13% | 1.95% | 1.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X MSCI Greece ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.88 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.40 | $2.28 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.68 | $1.80 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.75 | $0.97 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.75 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X MSCI Greece ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X MSCI Greece ETF was 79.50%, occurring on Mar 18, 2020. Recovery took 1328 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -79.50%Mar 2020 | 6y 1d | 5y 3mo | 11y 3moMar 2014 - Jul 2025 |
2012 bear market2012 | -54.38%Jun 2012 | 3mo 15d | 7mo 22d | 11mo 7dFeb 2012 - Jan 2013 |
2013 bear market2013 | -33.94%Jun 2013 | 1mo 5d | 3mo 26d | 5mo 1dMay 2013 - Oct 2013 |
2013 bear market2013 | -29.22%Apr 2013 | 1mo 25d | 1mo 12d | 3mo 7dFeb 2013 - May 2013 |
2026 bear market2026 | -21.32%Mar 2026 | 2mo | 2mo 17d | 4mo 17dJan 2026 - Jun 2026 |
Drawdown Indicators
| GREK | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.50% | -56.78% | -22.72% |
Max Drawdown (1Y)Largest decline over 1 year | -21.32% | -9.10% | -12.22% |
Max Drawdown (3Y)Largest decline over 3 years | -22.63% | -18.90% | -3.73% |
Max Drawdown (5Y)Largest decline over 5 years | -30.46% | -25.43% | -5.03% |
Max Drawdown (10Y)Largest decline over 10 years | -57.04% | -33.92% | -23.12% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -45.19% | -10.71% | -34.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.89% | 2.03% | +4.86% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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