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CLIX vs. GREK
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

CLIX vs. GREK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Long Online/Short Stores ETF (CLIX) and Global X MSCI Greece ETF (GREK). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CLIX achieves a -9.21% return, which is significantly lower than GREK's 17.98% return.


CLIX

1D
-2.78%
1M
-6.17%
YTD
-9.21%
6M
-9.14%
1Y
8.03%
3Y*
17.35%
5Y*
-7.74%
10Y*

GREK

1D
0.74%
1M
10.24%
YTD
17.98%
6M
16.09%
1Y
47.31%
3Y*
33.16%
5Y*
26.02%
10Y*
17.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CLIX vs. GREK - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
CLIX
ProShares Long Online/Short Stores ETF
-9.21%32.81%20.73%28.97%-46.73%-39.96%90.91%17.32%6.34%-2.43%
GREK
Global X MSCI Greece ETF
17.98%76.11%9.53%42.72%3.64%6.14%-13.89%50.20%-31.25%18.12%

Correlation

The correlation between CLIX and GREK is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.31

Correlation (3Y)
Calculated over the trailing 3-year period

0.37

Correlation (5Y)
Calculated over the trailing 5-year period

0.39

Correlation (All Time)
Calculated using the full available price history since Nov 16, 2017

0.32

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Return for Risk

CLIX vs. GREK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLIX
CLIX Risk / Return Rank: 1313
Overall Rank
CLIX Sharpe Ratio Rank: 1414
Sharpe Ratio Rank
CLIX Sortino Ratio Rank: 1313
Sortino Ratio Rank
CLIX Omega Ratio Rank: 1313
Omega Ratio Rank
CLIX Calmar Ratio Rank: 1313
Calmar Ratio Rank
CLIX Martin Ratio Rank: 1313
Martin Ratio Rank

GREK
GREK Risk / Return Rank: 5454
Overall Rank
GREK Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
GREK Sortino Ratio Rank: 6262
Sortino Ratio Rank
GREK Omega Ratio Rank: 5757
Omega Ratio Rank
GREK Calmar Ratio Rank: 4646
Calmar Ratio Rank
GREK Martin Ratio Rank: 4444
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLIX vs. GREK - Risk-Adjusted Trends 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.

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.


CLIXGREKDifference
Sharpe ratioReturn per unit of total volatility

-1.58

Sortino ratioReturn per unit of downside risk

-2.17

Omega ratioGain probability vs. loss probability

1.08

1.34

-0.26

Calmar ratioReturn relative to maximum drawdown

0.41

2.23

-1.82

Martin ratioReturn relative to average drawdown

1.06

6.89

-5.83

CLIX vs. GREK - Sharpe Ratio Comparison

The current CLIX Sharpe Ratio is 0.38, which is lower than the GREK Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of CLIX and GREK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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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.


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Drawdown Indicators


CLIXGREKDifference

Max Drawdown

Largest peak-to-trough decline

-73.21%

-79.50%

+6.29%

Max Drawdown (1Y)

Largest decline over 1 year

-19.57%

-21.32%

+1.75%

Max Drawdown (3Y)

Largest decline over 3 years

-21.18%

-22.63%

+1.45%

Max Drawdown (5Y)

Largest decline over 5 years

-68.22%

-30.46%

-37.76%

Max Drawdown (10Y)

Largest decline over 10 years

-57.04%

Current Drawdown

Current decline from peak

-46.37%

0.00%

-46.37%

Average Drawdown

Average peak-to-trough decline

-34.75%

-45.19%

+10.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.57%

6.89%

+0.68%

Volatility

CLIX vs. GREK - Volatility Comparison

ProShares Long Online/Short Stores ETF (CLIX) and Global X MSCI Greece ETF (GREK) have volatilities of 6.59% and 6.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


CLIXGREKDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.59%

6.87%

-0.28%

Volatility (6M)

Calculated over the trailing 6-month period

16.36%

20.66%

-4.30%

Volatility (1Y)

Calculated over the trailing 1-year period

21.50%

24.34%

-2.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.05%

24.45%

+2.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.92%

29.61%

-3.69%

CLIX vs. GREK - Expense Ratio Comparison

CLIX has a 0.65% expense ratio, which is higher than GREK's 0.58% expense ratio.


Dividends

CLIX vs. GREK - Dividend Comparison

CLIX's dividend yield for the trailing twelve months is around 0.59%, less than GREK's 2.94% yield.


PositionTTM20252024202320222021202020192018201720162015
CLIX
ProShares Long Online/Short Stores ETF
0.59%0.46%0.46%0.00%0.00%0.00%1.33%0.00%0.00%0.00%0.00%0.00%
GREK
Global X MSCI Greece ETF
2.94%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


CLIX and GREK have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GREK has higher volatility (6.87%) compared to CLIX (6.59%). In terms of maximum drawdown, CLIX dropped -73.21% vs GREK's -79.50%.

On 5-year performance, GREK leads with 26.02% vs -7.74% for CLIX. On fees, GREK is cheaper at 0.58% per year. On volatility, CLIX has been the lower-risk option at 6.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, GREK has performed better with a 26.02% return vs -7.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

GREK is cheaper with a 0.58% expense ratio, compared with 0.65% for CLIX.

GREK has the higher dividend yield at 2.94%, compared with 0.59% for CLIX.

CLIX is categorized as Long-Short, while GREK is Emerging Markets Equities. CLIX tracks ProShares Long Online/Short Stores Index, while GREK tracks MSCI All Greece Select 25-50. They also come from different issuers: ProShares and Global X. Their fees differ too: 0.65% for CLIX and 0.58% for GREK.

GREK currently has the higher Sharpe Ratio (1.96 vs 0.38), 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.

Portfolio Optimizer

Find the right allocation for CLIX and GREK

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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