ECDC.DE vs. GRX.DE
ECDC.DE (Expat Croatia Crobex UCITS ETF) and GRX.DE (Expat Greece ASE UCITS ETF) are both Europe Equities funds from Expat - ECDC.DE tracks the CROBEX Index while GRX.DE tracks the FTSE ATHEX Composite Index. Both are passively managed. Over the past 5 years, ECDC.DE returned 12.51%/yr vs 19.18%/yr for GRX.DE. At a 0.18 correlation, their price movements are largely independent. Both charge a 1.38% expense ratio.
Performance
ECDC.DE vs. GRX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ECDC.DE achieves a 13.63% return, which is significantly lower than GRX.DE's 17.31% return.
ECDC.DE
- 1D
- 0.30%
- 1M
- 1.71%
- 6M
- 12.74%
- YTD
- 13.63%
- 1Y
- 18.24%
- 3Y*
- 22.10%
- 5Y*
- 12.51%
- 10Y*
- —
GRX.DE
- 1D
- -0.34%
- 1M
- 1.13%
- 6M
- 10.97%
- YTD
- 17.31%
- 1Y
- 26.73%
- 3Y*
- 22.75%
- 5Y*
- 19.18%
- 10Y*
- —
ECDC.DE vs. GRX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ECDC.DE Expat Croatia Crobex UCITS ETF | 13.63% | 19.63% | 25.09% | 27.42% | -21.40% | 16.97% | -22.59% | 10.86% | -9.33% |
GRX.DE Expat Greece ASE UCITS ETF | 17.31% | 44.63% | 13.08% | 38.74% | -12.12% | 9.54% | -18.16% | 38.85% | -27.38% |
Correlation
The correlation between ECDC.DE and GRX.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2018 | 0.18 |
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Return for Risk
ECDC.DE vs. GRX.DE — Risk / Return Rank
ECDC.DE
GRX.DE
ECDC.DE vs. GRX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Croatia Crobex UCITS ETF (ECDC.DE) and Expat Greece ASE UCITS ETF (GRX.DE). 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.
| ECDC.DE | GRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 1.56 | +0.86 |
| Martin ratioReturn relative to average drawdown | 7.76 | 4.59 | +3.17 |
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Drawdowns
ECDC.DE vs. GRX.DE - Drawdown Comparison
The maximum ECDC.DE drawdown since its inception was -35.49%, smaller than the maximum GRX.DE drawdown of -44.54%. Use the drawdown chart below to compare losses from any high point for ECDC.DE and GRX.DE.
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Drawdown Indicators
| ECDC.DE | GRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.49% | -44.54% | +9.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.52% | -17.09% | +9.57% |
Max Drawdown (3Y)Largest decline over 3 years | -11.02% | -18.19% | +7.17% |
Max Drawdown (5Y)Largest decline over 5 years | -28.39% | -27.66% | -0.73% |
Current DrawdownCurrent decline from peak | 0.00% | -2.70% | +2.70% |
Average DrawdownAverage peak-to-trough decline | -13.89% | -12.60% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 5.80% | -3.45% |
Volatility
ECDC.DE vs. GRX.DE - Volatility Comparison
The current volatility for Expat Croatia Crobex UCITS ETF (ECDC.DE) is 2.36%, while Expat Greece ASE UCITS ETF (GRX.DE) has a volatility of 4.20%. This indicates that ECDC.DE experiences smaller price fluctuations and is considered to be less risky than GRX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECDC.DE | GRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.36% | 4.20% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 11.03% | 17.17% | -6.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.18% | 20.40% | -7.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.69% | 20.26% | -7.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.56% | 21.53% | -7.97% |
ECDC.DE vs. GRX.DE - Expense Ratio Comparison
Both ECDC.DE and GRX.DE have an expense ratio of 1.38%.
Dividends
ECDC.DE vs. GRX.DE - Dividend Comparison
Neither ECDC.DE nor GRX.DE has paid dividends to shareholders.
Frequently Asked Questions
ECDC.DE and GRX.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.38% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ECDC.DE and GRX.DE have the same expense ratio: 1.38% per year.
ECDC.DE tracks CROBEX Index, while GRX.DE tracks FTSE ATHEX Composite Index.
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