CLIX vs. GREK
Compare and contrast key facts about ProShares Long Online/Short Stores ETF (CLIX) and Global X MSCI Greece ETF (GREK).
CLIX and GREK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CLIX is a passively managed fund by ProShares that tracks the performance of the ProShares Long Online/Short Stores Index. It was launched on Nov 14, 2017. GREK is a passively managed fund by Global X that tracks the performance of the MSCI All Greece Select 25-50. It was launched on Dec 7, 2011. Both CLIX and GREK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CLIX or GREK.
Performance
CLIX vs. GREK - Performance Comparison
Returns By Period
In the year-to-date period, CLIX achieves a 21.20% return, which is significantly higher than GREK's 5.59% return.
CLIX
21.20%
-2.04%
4.81%
29.43%
-0.05%
N/A
GREK
5.59%
-6.88%
-9.63%
8.26%
8.36%
-0.53%
Key characteristics
| CLIX | GREK | |
|---|---|---|
| Sharpe Ratio | 1.66 | 0.55 |
| Sortino Ratio | 2.28 | 0.83 |
| Omega Ratio | 1.28 | 1.11 |
| Calmar Ratio | 0.45 | 0.24 |
| Martin Ratio | 7.66 | 2.35 |
| Ulcer Index | 3.91% | 4.29% |
| Daily Std Dev | 18.08% | 18.41% |
| Max Drawdown | -73.21% | -79.50% |
| Current Drawdown | -55.35% | -37.08% |
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CLIX vs. GREK - Expense Ratio Comparison
CLIX has a 0.65% expense ratio, which is higher than GREK's 0.58% expense ratio.
Correlation
The correlation between CLIX and GREK is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
CLIX vs. GREK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Long Online/Short Stores ETF (CLIX) 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.
Dividends
CLIX vs. GREK - Dividend Comparison
CLIX's dividend yield for the trailing twelve months is around 0.46%, less than GREK's 2.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLIX ProShares Long Online/Short Stores ETF | 0.46% | 0.00% | 0.00% | 0.00% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GREK Global X MSCI Greece ETF | 2.24% | 2.61% | 2.82% | 2.16% | 2.62% | 2.25% | 2.41% | 2.13% | 1.95% | 1.52% | 0.97% | 0.12% |
Drawdowns
CLIX vs. GREK - Drawdown Comparison
The maximum CLIX drawdown since its inception was -73.21%, smaller than the maximum GREK drawdown of -79.50%. Use the drawdown chart below to compare losses from any high point for CLIX and GREK. For additional features, visit the drawdowns tool.
Volatility
CLIX vs. GREK - Volatility Comparison
ProShares Long Online/Short Stores ETF (CLIX) has a higher volatility of 4.38% compared to Global X MSCI Greece ETF (GREK) at 4.02%. This indicates that CLIX'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.