GREK vs. CLIX
Compare and contrast key facts about Global X MSCI Greece ETF (GREK) and ProShares Long Online/Short Stores ETF (CLIX).
GREK and CLIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both GREK and CLIX 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: GREK or CLIX.
Key characteristics
| GREK | CLIX | |
|---|---|---|
| YTD Return | 11.59% | 23.99% |
| 1Y Return | 27.83% | 34.03% |
| 3Y Return (Ann) | 16.92% | -12.26% |
| 5Y Return (Ann) | 10.02% | -0.05% |
| Sharpe Ratio | 1.47 | 1.77 |
| Sortino Ratio | 2.01 | 2.39 |
| Omega Ratio | 1.27 | 1.29 |
| Calmar Ratio | 0.58 | 0.49 |
| Martin Ratio | 8.58 | 8.83 |
| Ulcer Index | 3.27% | 3.77% |
| Daily Std Dev | 19.06% | 18.85% |
| Max Drawdown | -79.50% | -73.21% |
| Current Drawdown | -33.50% | -54.32% |
Correlation
The correlation between GREK and CLIX 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.
Performance
GREK vs. CLIX - Performance Comparison
In the year-to-date period, GREK achieves a 11.59% return, which is significantly lower than CLIX's 23.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GREK vs. CLIX - Expense Ratio Comparison
GREK has a 0.58% expense ratio, which is lower than CLIX's 0.65% expense ratio.
Risk-Adjusted Performance
GREK vs. CLIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Greece ETF (GREK) and ProShares Long Online/Short Stores ETF (CLIX). 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
GREK vs. CLIX - Dividend Comparison
GREK's dividend yield for the trailing twelve months is around 2.12%, more than CLIX's 0.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GREK Global X MSCI Greece ETF | 2.12% | 2.61% | 2.82% | 2.16% | 2.62% | 2.25% | 2.41% | 2.13% | 1.95% | 1.52% | 0.97% | 0.12% |
CLIX ProShares Long Online/Short Stores ETF | 0.45% | 0.00% | 0.00% | 0.00% | 1.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GREK vs. CLIX - Drawdown Comparison
The maximum GREK drawdown since its inception was -79.50%, which is greater than CLIX's maximum drawdown of -73.21%. Use the drawdown chart below to compare losses from any high point for GREK and CLIX. For additional features, visit the drawdowns tool.
Volatility
GREK vs. CLIX - Volatility Comparison
Global X MSCI Greece ETF (GREK) and ProShares Long Online/Short Stores ETF (CLIX) have volatilities of 5.56% and 5.79%, 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.