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GREK vs. FDD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GREK vs. FDD

Last updated Jun 13, 2026

GREK (Global X MSCI Greece ETF) and FDD (First Trust STOXX European Select Dividend Index Fund) are both exchange-traded funds - GREK is a Emerging Markets Equities fund tracking the MSCI All Greece Select 25-50, while FDD is a Europe Equities fund tracking the STOXX Europe Select Dividend 30. Both are passively managed. Over the past 10 years, GREK returned 16.01%/yr vs 10.93%/yr for FDD. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.58% expense ratio.

Performance

GREK vs. FDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI Greece ETF (GREK) and First Trust STOXX European Select Dividend Index Fund (FDD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, GREK achieves a 15.45% return, which is significantly higher than FDD's 13.65% return. Over the past 10 years, GREK has outperformed FDD with an annualized return of 16.01%, while FDD has yielded a comparatively lower 10.93% annualized return.

GREK

1D
0.87%
1M
4.95%
YTD
15.45%
6M
15.54%
1Y
40.83%
3Y*
32.67%
5Y*
24.30%
10Y*
16.01%

FDD

1D
0.81%
1M
1.80%
YTD
13.65%
6M
17.76%
1Y
33.97%
3Y*
26.21%
5Y*
11.32%
10Y*
10.93%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GREK vs. FDD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GREK
Global X MSCI Greece ETF		15.45%76.11%9.53%42.72%3.64%6.14%-13.89%50.20%-31.25%34.80%
FDD
First Trust STOXX European Select Dividend Index Fund		13.65%62.50%0.28%14.16%-16.14%16.03%-3.80%23.79%-8.98%19.07%

Correlation

The correlation between GREK and FDD is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.65

Correlation (3Y)
Calculated over the trailing 3-year period

0.59

Correlation (5Y)
Calculated over the trailing 5-year period

0.65

Correlation (10Y)
Calculated over the trailing 10-year period

0.59

Correlation (All Time)
Calculated using the full available price history since Dec 8, 2011

0.54

The correlation between GREK and FDD shifts across timeframes, from 0.54 (all time) to 0.65 (1 year), reflecting how their relationship changes across market environments.

GREK vs. FDD - Sectors Allocation Comparison

Sectors
GREK
FDD

Financial Services

47.1%
52.2%

Industrials

13.5%
12.5%

Utilities

11.6%
6.0%

Consumer Cyclical

9.6%
12.3%

Energy

8.4%
10.8%

Communication Services

4.6%
2.1%

Basic Materials

3.2%
2.9%

Consumer Defensive

1.1%
3.7%

Real Estate

1.0%
3.5%

Healthcare

-

-

Technology

-

-

Financial Services

GREK
47.1%
FDD
52.2%

Industrials

GREK
13.5%
FDD
12.5%

Utilities

GREK
11.6%
FDD
6.0%

Consumer Cyclical

GREK
9.6%
FDD
12.3%

Energy

GREK
8.4%
FDD
10.8%

Communication Services

GREK
4.6%
FDD
2.1%

Basic Materials

GREK
3.2%
FDD
2.9%

Consumer Defensive

GREK
1.1%
FDD
3.7%

Real Estate

GREK
1.0%
FDD
3.5%

Healthcare

GREK

-

FDD

-

Technology

GREK

-

FDD

-

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Global X MSCI Greece ETF

First Trust STOXX European Select Dividend Index Fund

Often compared with GREK:
GREK vs. VOOGREK vs. CLIXGREK vs. THDGREK vs. SPYGREK vs. LTC-USDGREK vs. EPIGREK vs. EWQ
Often compared with FDD:
FDD vs. EUFNFDD vs. FLAXFDD vs. VTIFDD vs. RFEUFDD vs. IQDFFDD vs. DVYFDD vs. IEUR

Return for Risk

GREK vs. FDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GREK
GREK Risk / Return Rank: 4949
Overall Rank
GREK Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
GREK Sortino Ratio Rank: 5757
Sortino Ratio Rank
GREK Omega Ratio Rank: 5151
Omega Ratio Rank
GREK Calmar Ratio Rank: 4141
Calmar Ratio Rank
GREK Martin Ratio Rank: 4040
Martin Ratio Rank
FDD
FDD Risk / Return Rank: 7575
Overall Rank
FDD Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
FDD Sortino Ratio Rank: 7575
Sortino Ratio Rank
FDD Omega Ratio Rank: 7171
Omega Ratio Rank
FDD Calmar Ratio Rank: 7979
Calmar Ratio Rank
FDD Martin Ratio Rank: 7373
Martin Ratio Rank
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. FDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Greece ETF (GREK) and First Trust STOXX European Select Dividend Index Fund (FDD). 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.

GREKFDDDifference
Sharpe ratioReturn per unit of total volatility
1.59
2.11

-0.52

Sortino ratioReturn per unit of downside risk
2.38
2.91

-0.53

Omega ratioGain probability vs. loss probability

1.28

1.36

-0.08

Calmar ratioReturn relative to maximum drawdown

1.82

3.58

-1.76

Martin ratioReturn relative to average drawdown

5.62

11.88

-6.26

GREK vs. FDD - Sharpe Ratio Comparison

The current GREK Sharpe Ratio is 1.59, which is comparable to the FDD Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of GREK and FDD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

GREK vs. FDD - Drawdown Comparison

The maximum GREK drawdown since its inception was -79.50%, which is greater than FDD's maximum drawdown of -74.77%. Use the drawdown chart below to compare losses from any high point for GREK and FDD.

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Drawdown Indicators

GREKFDDDifference

Max Drawdown

Largest peak-to-trough decline

-79.50%

-74.77%

-4.73%

Max Drawdown (1Y)

Largest decline over 1 year

-21.32%

-9.39%

-11.93%

Max Drawdown (3Y)

Largest decline over 3 years

-22.63%

-13.06%

-9.57%

Max Drawdown (5Y)

Largest decline over 5 years

-30.46%

-35.11%

+4.65%

Max Drawdown (10Y)

Largest decline over 10 years

-57.04%

-41.43%

-15.61%

Current Drawdown

Current decline from peak

-1.44%

-0.40%

-1.04%

Average Drawdown

Average peak-to-trough decline

-45.25%

-35.41%

-9.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.90%

2.83%

+4.07%

Volatility

GREK vs. FDD - Volatility Comparison

Global X MSCI Greece ETF (GREK) has a higher volatility of 8.69% compared to First Trust STOXX European Select Dividend Index Fund (FDD) at 5.91%. This indicates that GREK's price experiences larger fluctuations and is considered to be riskier than FDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

GREKFDDDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.69%

5.91%

+2.78%

Volatility (6M)

Calculated over the trailing 6-month period

20.65%

12.98%

+7.67%

Volatility (1Y)

Calculated over the trailing 1-year period

24.35%

15.93%

+8.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.44%

18.48%

+5.96%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.71%

20.16%

+9.55%

GREK vs. FDD - Expense Ratio Comparison

Both GREK and FDD have an expense ratio of 0.58%.

Dividends

GREK vs. FDD - Dividend Comparison

GREK's dividend yield for the trailing twelve months is around 3.00%, less than FDD's 3.48% yield.

PositionTTM20252024202320222021202020192018201720162015
FDD
First Trust STOXX European Select Dividend Index Fund		3.48%3.99%7.65%6.85%6.07%3.44%4.01%4.69%5.05%2.78%4.88%4.35%
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 FDD have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GREK has higher volatility (8.69%) compared to FDD (5.91%). In terms of maximum drawdown, GREK dropped -79.50% vs FDD's -74.77%.

On 10-year performance, GREK leads with 16.01% vs 10.93% for FDD. Both ETFs have the same 0.58% expense ratio. On volatility, FDD has been the lower-risk option at 5.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, GREK has performed better with a 16.01% return vs 10.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

GREK and FDD have the same expense ratio: 0.58% per year.

FDD has the higher dividend yield at 3.48%, compared with 3.00% for GREK.

GREK is categorized as Emerging Markets Equities, while FDD is Europe Equities. GREK tracks MSCI All Greece Select 25-50, while FDD tracks STOXX Europe Select Dividend 30. They also come from different issuers: Global X and First Trust.

FDD currently has the higher Sharpe Ratio (2.11 vs 1.59), 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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