CLIX vs. GREK
CLIX (ProShares Long Online/Short Stores ETF) and GREK (Global X MSCI Greece ETF) are both exchange-traded funds - CLIX is a Long-Short fund tracking the ProShares Long Online/Short Stores Index, while GREK is a Emerging Markets Equities fund tracking the MSCI All Greece Select 25-50. Both are passively managed. Over the past 5 years, CLIX returned -7.74%/yr vs 26.02%/yr for GREK. At a 0.32 correlation, their price movements are largely independent. CLIX charges 0.65%/yr vs 0.58%/yr for GREK.
Performance
CLIX vs. GREK - Performance Comparison
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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%
CLIX vs. GREK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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
CLIX
GREK
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.
| CLIX | GREK | Difference | |
|---|---|---|---|
| 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 |
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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
| CLIX | GREK | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -46.37% | 0.00% | -46.37% |
Average DrawdownAverage peak-to-trough decline | -34.75% | -45.19% | +10.44% |
Ulcer IndexDepth 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
| CLIX | GREK | Difference | |
|---|---|---|---|
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.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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.
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