GREK vs. EGPT

Last updated Jul 14, 2026

GREK (Global X MSCI Greece ETF) and EGPT (VanEck Vectors Egypt Index ETF) are both Emerging Markets Equities funds - GREK tracks the MSCI All Greece Select 25-50 while EGPT tracks the MVIS Egypt Index. Both are passively managed. At a 0.20 correlation, their price movements are largely independent. GREK charges 0.58%/yr vs 0.98%/yr for EGPT.

Performance

GREK vs. EGPT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI Greece ETF (GREK) and VanEck Vectors Egypt Index ETF (EGPT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GREK

• 1D: -1.93%
• 1M: 0.72%
• 6M: 10.28%
• YTD: 16.27%
• 1Y: 28.30%
• 3Y*: 29.50%
• 5Y*: 26.76%
• 10Y*: 16.64%

EGPT

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GREK vs. EGPT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GREK Global X MSCI Greece ETF	16.27%	76.11%	9.53%	42.72%	3.64%	6.14%	-13.89%	50.20%	-31.25%	34.80%
EGPT VanEck Vectors Egypt Index ETF	0.00%	0.00%	-11.22%	27.27%	-24.66%	11.31%	-11.53%	6.80%	-13.88%	24.83%

Correlation

The correlation between GREK and EGPT is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Dec 8, 2011	0.20

The correlation between GREK and EGPT shifts across timeframes, from 0.06 (3 years) to 0.20 (all time), reflecting how their relationship changes across market environments.

GREK vs. EGPT - Sectors Allocation Comparison

Sectors	GREK	EGPT
Financial Services	48.3%	10.5%
Industrials	13.2%	6.9%
Utilities	12.4%	-
Consumer Cyclical	9.0%	3.5%
Energy	7.6%	1.1%
Communication Services	4.2%	4.2%
Basic Materials	3.2%	23.4%
Consumer Defensive	1.1%	10.0%
Real Estate	1.0%	30.5%
Healthcare	-	2.0%
Technology	-	8.0%

Return for Risk

GREK vs. EGPT — Risk / Return Rank

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

GREK

GREK Risk / Return Rank: 38
GREK Sharpe Ratio Rank: 41
GREK Sortino Ratio Rank: 44
GREK Omega Ratio Rank: 40
GREK Calmar Ratio Rank: 33
GREK Martin Ratio Rank: 34

EGPT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

GREK vs. EGPT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Greece ETF (GREK) and VanEck Vectors Egypt Index ETF (EGPT). 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	EGPT	Difference
Sharpe ratio: Return per unit of total volatility	1.17	—	—
Sortino ratio: Return per unit of downside risk	1.83	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.33	—	—
Martin ratio: Return relative to average drawdown	4.11	—	—

Drawdowns

Drawdown Indicators

	GREK	EGPT	Difference
Max Drawdown Largest peak-to-trough decline	-79.50%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-21.32%	—	—
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 Drawdown Current decline from peak	-3.16%	—	—
Average Drawdown Average peak-to-trough decline	-45.02%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.91%	—	—

Volatility

Volatility by Period

	GREK	EGPT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.35%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.48%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.85%	—	—

GREK vs. EGPT - Expense Ratio Comparison

GREK has a 0.58% expense ratio, which is lower than EGPT's 0.98% expense ratio.

Dividends

GREK vs. EGPT - Dividend Comparison

GREK's dividend yield for the trailing twelve months is around 2.57%, while EGPT has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EGPT VanEck Vectors Egypt Index ETF	0.00%	0.00%	0.15%	6.02%	1.32%	2.45%	2.50%	2.09%	1.72%	0.77%	1.60%	1.59%
GREK Global X MSCI Greece ETF	2.57%	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

Can I hold both GREK and EGPT in my portfolio?

GREK and EGPT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GREK or EGPT?

On fees, GREK is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GREK or EGPT?

GREK is cheaper with a 0.58% expense ratio, compared with 0.98% for EGPT.

Which ETF pays a higher dividend yield, GREK or EGPT?

GREK has the higher dividend yield at 2.57%, compared with 0.00% for EGPT.

What is the main difference between GREK and EGPT?

GREK tracks MSCI All Greece Select 25-50, while EGPT tracks MVIS Egypt Index. They also come from different issuers: Global X and VanEck. Their fees differ too: 0.58% for GREK and 0.98% for EGPT.