GREK vs. AS
GREK (Global X MSCI Greece ETF) is Emerging Markets Equities fund tracking the MSCI All Greece Select 25-50, while AS (Amer Sports, Inc) is a stock. Over the past year, GREK returned 38.63% vs -5.21% for AS. At a 0.33 correlation, their price movements are largely independent.
Performance
GREK vs. AS - Performance Comparison
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Returns By Period
In the year-to-date period, GREK achieves a 15.45% return, which is significantly higher than AS's -5.06% return.
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
- 1D
- -0.39%
- 1M
- 8.18%
- YTD
- -5.06%
- 6M
- -7.56%
- 1Y
- -5.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GREK vs. AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GREK Global X MSCI Greece ETF | 15.45% | 76.11% | 4.16% |
AS Amer Sports, Inc | -5.06% | 33.58% | 108.66% |
Correlation
The correlation between GREK and AS 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
GREK vs. AS — Risk / Return Rank
GREK
AS
GREK vs. AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Greece ETF (GREK) and Amer Sports, Inc (AS). 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.
| GREK | AS | 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 | 1.28 | 1.01 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | -0.18 | +2.00 |
| Martin ratioReturn relative to average drawdown | 5.62 | -0.36 | +5.98 |
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Drawdowns
GREK vs. AS - Drawdown Comparison
The maximum GREK drawdown since its inception was -79.50%, which is greater than AS's maximum drawdown of -40.71%. Use the drawdown chart below to compare losses from any high point for GREK and AS.
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Drawdown Indicators
| GREK | AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.50% | -40.71% | -38.79% |
Max Drawdown (1Y)Largest decline over 1 year | -21.32% | -28.78% | +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 | -1.44% | -15.49% | +14.05% |
Average DrawdownAverage peak-to-trough decline | -45.25% | -13.29% | -31.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.90% | 14.56% | -7.66% |
Volatility
GREK vs. AS - Volatility Comparison
The current volatility for Global X MSCI Greece ETF (GREK) is 8.69%, while Amer Sports, Inc (AS) has a volatility of 10.17%. This indicates that GREK experiences smaller price fluctuations and is considered to be less risky than AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GREK | AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.69% | 10.17% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 20.65% | 29.10% | -8.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.35% | 41.31% | -16.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.44% | 49.55% | -25.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.71% | 49.55% | -19.84% |
Dividends
GREK vs. AS - Dividend Comparison
GREK's dividend yield for the trailing twelve months is around 3.00%, while AS has not paid dividends to shareholders.
| 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
GREK and AS 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, GREK dropped -79.50% vs AS's -40.71%.
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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