- Issuer
- Expat
- Inception Date
- Dec 21, 2017
- Region
- Europe (Greece)
- Category
- Europe Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- FTSE ATHEX Composite Index
- Domicile
- Bulgaria
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Compare stocks, funds, or ETFs
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Performance
GRX.DE Performance Chart
Expat Greece ASE UCITS ETF (GRX.DE) is up 17.3% since the beginning of the year. GRX.DE is currently trading at €2 per share. Investors who bought €1,000 worth of GRX.DE shares 5 years ago would now be looking at an investment worth €2,404.
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Returns By Period
Expat Greece ASE UCITS ETF (GRX.DE) has returned 17.31% so far this year and 26.73% over the past 12 months.
Expat Greece ASE UCITS ETF
- 1D
- -0.34%
- 1M
- 1.13%
- 6M
- 10.97%
- YTD
- 17.31%
- 1Y
- 26.73%
- 3Y*
- 22.75%
- 5Y*
- 19.18%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.09%
- 1M
- 1.27%
- 6M
- 10.98%
- YTD
- 13.27%
- 1Y
- 22.64%
- 3Y*
- 18.04%
- 5Y*
- 12.49%
- 10Y*
- 12.92%
GRX.DE Monthly Returns History
Based on dividend-adjusted daily data since Mar 19, 2018, GRX.DE's average daily return is +0.04%, while the average monthly return is +0.93%. At this rate, an investment would double in approximately 6.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +23.4%, while the worst month was Mar 2020 at -19.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, GRX.DE closed higher 46% of trading days. The best single day was Nov 9, 2020 with a return of +9.4%, while the worst single day was Mar 12, 2020 at -8.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.29% | -2.07% | -10.58% | 7.10% | 7.73% | 4.10% | 1.13% | 17.31% | |||||
| 2025 | 5.79% | 3.12% | 6.06% | -0.71% | 9.35% | 2.63% | 5.77% | -0.61% | 1.83% | -2.40% | 5.52% | 1.74% | 44.63% |
| 2024 | 3.74% | 5.41% | -1.71% | 3.48% | -0.84% | -1.69% | 6.90% | -5.65% | 2.56% | -4.17% | 0.87% | 4.31% | 13.08% |
| 2023 | 8.49% | 11.28% | -5.97% | 2.68% | 12.35% | 5.94% | 3.74% | -1.80% | -8.26% | -0.71% | 6.76% | 0.94% | 38.74% |
| 2022 | 3.49% | -3.75% | -1.77% | 5.17% | -3.28% | -13.99% | 0.41% | -0.05% | -7.88% | 8.87% | 3.61% | -1.56% | -12.12% |
| 2021 | -6.34% | 3.21% | 9.67% | 3.96% | -1.37% | 0.07% | 0.80% | 4.39% | -7.15% | 3.58% | -3.47% | 3.08% | 9.54% |
Benchmark Metrics
Expat Greece ASE UCITS ETF has an annualized alpha of 5.63%, beta of 0.26, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since March 19, 2018.
- This ETF participated in 76.60% of S&P 500 Index downside but only 59.00% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.26 may look defensive, but with R2 of 0.06 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.06 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
- 5.63%
- Beta
- 0.26
- R²
- 0.06
- Upside Capture
- 59.00%
- Downside Capture
- 76.60%
Expense Ratio
GRX.DE has a high expense ratio of 1.38%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GRX.DE ranks 42 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 Expat Greece ASE UCITS ETF (GRX.DE) 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.
| GRX.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 3.01 | -1.45 |
| Martin ratioReturn relative to average drawdown | 4.59 | 11.10 | -6.51 |
Dividends
Dividend History
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 Expat Greece ASE UCITS 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 Expat Greece ASE UCITS ETF was 44.54%, occurring on Mar 18, 2020. Recovery took 810 trading sessions.
The current Expat Greece ASE UCITS ETF drawdown is 2.70%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-44.54%Mar 2020 | 1y 10mo | 3y 2mo | 5y 21dMay 2018 - May 2023 | COVID crash2020 |
-18.19%Oct 2023 | 2mo 7d | 3mo 29d | 6mo 6dAug 2023 - Feb 2024 | — |
-17.09%Mar 2026 | 1mo 23d | 2mo 14d | 4mo 7dFeb 2026 - Jun 2026 | — |
-12.77%Apr 2025 | 12d | 25d | 1mo 7dMar 2025 - May 2025 | 2025 selloff2025 |
-8.87%Aug 2024 | 3d | 5mo 6d | 5mo 9dAug 2024 - Jan 2025 | — |
Drawdown Indicators
| GRX.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.54% | -51.17% | +6.63% |
Max Drawdown (1Y)Largest decline over 1 year | -17.09% | -7.57% | -9.52% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -23.99% | +5.80% |
Max Drawdown (5Y)Largest decline over 5 years | -27.66% | -23.99% | -3.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.42% | — |
Current DrawdownCurrent decline from peak | -2.70% | -0.52% | -2.18% |
Average DrawdownAverage peak-to-trough decline | -12.60% | -8.90% | -3.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 2.04% | +3.76% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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