AS vs. GREK
AS (Amer Sports, Inc) is a stock, while GREK (Global X MSCI Greece ETF) is Emerging Markets Equities fund tracking the MSCI All Greece Select 25-50. Over the past year, AS returned -5.21% vs 38.63% for GREK. At a 0.33 correlation, their price movements are largely independent.
Performance
AS vs. GREK - Performance Comparison
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Returns By Period
In the year-to-date period, AS achieves a -5.06% return, which is significantly lower than GREK's 15.45% return.
AS
- 1D
- -0.39%
- 1M
- 8.18%
- YTD
- -5.06%
- 6M
- -7.56%
- 1Y
- -5.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GREK
- 1D
- 0.87%
- 1M
- 5.63%
- YTD
- 15.45%
- 6M
- 15.54%
- 1Y
- 38.63%
- 3Y*
- 32.67%
- 5Y*
- 24.30%
- 10Y*
- 16.01%
AS vs. GREK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AS Amer Sports, Inc | -5.06% | 33.58% | 108.66% |
GREK Global X MSCI Greece ETF | 15.45% | 76.11% | 4.16% |
Correlation
The correlation between AS and GREK is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | 0.33 |
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Return for Risk
AS vs. GREK — Risk / Return Rank
AS
GREK
AS vs. GREK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amer Sports, Inc (AS) and Global X MSCI Greece ETF (GREK). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AS | GREK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.28 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 1.82 | -2.00 |
| Martin ratioReturn relative to average drawdown | -0.36 | 5.62 | -5.98 |
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Drawdowns
AS vs. GREK - Drawdown Comparison
The maximum AS drawdown since its inception was -40.71%, smaller than the maximum GREK drawdown of -79.50%. Use the drawdown chart below to compare losses from any high point for AS and GREK.
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Drawdown Indicators
| AS | GREK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.71% | -79.50% | +38.79% |
Max Drawdown (1Y)Largest decline over 1 year | -28.78% | -21.32% | -7.46% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.63% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.04% | — |
Current DrawdownCurrent decline from peak | -15.49% | -1.44% | -14.05% |
Average DrawdownAverage peak-to-trough decline | -13.29% | -45.25% | +31.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.56% | 6.90% | +7.66% |
Volatility
AS vs. GREK - Volatility Comparison
Amer Sports, Inc (AS) has a higher volatility of 10.17% compared to Global X MSCI Greece ETF (GREK) at 8.69%. This indicates that AS's price experiences larger fluctuations and is considered to be riskier than GREK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AS | GREK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.17% | 8.69% | +1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 29.10% | 20.65% | +8.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.31% | 24.35% | +16.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.55% | 24.44% | +25.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.55% | 29.71% | +19.84% |
Dividends
AS vs. GREK - Dividend Comparison
AS has not paid dividends to shareholders, while GREK's dividend yield for the trailing twelve months is around 3.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AS Amer Sports, Inc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GREK Global X MSCI Greece ETF | 3.00% | 3.46% | 4.63% | 2.61% | 2.82% | 2.16% | 2.62% | 2.25% | 2.41% | 2.13% | 1.95% | 1.52% |
Frequently Asked Questions
AS and GREK have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AS has higher volatility (10.17%) compared to GREK (8.69%). In terms of maximum drawdown, AS dropped -40.71% vs GREK's -79.50%.
GREK currently has the higher Sharpe Ratio (1.59 vs -0.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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