GREK vs. FTHF

Last updated Aug 2, 2026

GREK (Global X MSCI Greece ETF) and FTHF (First Trust Emerging Markets Human Flourishing ETF) are both Emerging Markets Equities funds - GREK tracks the MSCI All Greece Select 25/50 Index while FTHF tracks the Emerging Markets Human Flourishing Index. Both are passively managed. Over the past year, GREK returned 36.74% vs 75.55% for FTHF. Their 0.59 correlation means they have sometimes moved together and sometimes differently. GREK charges 0.56%/yr vs 0.75%/yr for FTHF.

Performance

GREK vs. FTHF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI Greece ETF (GREK) and First Trust Emerging Markets Human Flourishing ETF (FTHF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GREK achieves a 22.60% return, which is significantly lower than FTHF's 34.68% return.

GREK

• 1D: -0.62%
• 1M: 5.48%
• 6M: 9.57%
• YTD: 22.60%
• 1Y: 36.74%
• 3Y*: 32.40%
• 5Y*: 27.82%
• 10Y*: 17.36%
• ALL TIME*: 6.26%

FTHF

• 1D: 0.45%
• 1M: -5.25%
• 6M: 17.86%
• YTD: 34.68%
• 1Y: 75.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 37.84%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTHF First Trust Emerging Markets Human Flourishing ETF	$333.76K	$497.21K	$541.76K
GREK Global X MSCI Greece ETF	$9.46M	$9.35M	$7.83M

GREK vs. FTHF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GREK Global X MSCI Greece ETF	22.60%	76.11%	9.53%	11.81%
FTHF First Trust Emerging Markets Human Flourishing ETF	34.68%	65.30%	-8.14%	18.14%

Correlation

The correlation between GREK and FTHF is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (All Time) Calculated using the full available price history since Oct 31, 2023	0.59

The correlation between GREK and FTHF has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.

GREK vs. FTHF - Sectors Allocation Comparison

Sectors	GREK	FTHF
Financial Services	48.8%	25.0%
Utilities	14.3%	1.8%
Industrials	12.5%	5.4%
Consumer Cyclical	8.7%	0.6%
Energy	6.8%	4.6%
Communication Services	4.1%	0.8%
Basic Materials	3.0%	7.5%
Real Estate	1.0%	-
Consumer Defensive	1.0%	3.0%
Healthcare	-	0.5%
Technology	-	50.9%

Return for Risk

GREK vs. FTHF — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GREK

GREK Risk / Return Rank: 58
GREK Sharpe Ratio Rank: 65
GREK Sortino Ratio Rank: 69
GREK Omega Ratio Rank: 62
GREK Calmar Ratio Rank: 48
GREK Martin Ratio Rank: 46

FTHF

FTHF Risk / Return Rank: 87
FTHF Sharpe Ratio Rank: 89
FTHF Sortino Ratio Rank: 82
FTHF Omega Ratio Rank: 87
FTHF Calmar Ratio Rank: 88
FTHF Martin Ratio Rank: 87

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GREK vs. FTHF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Greece ETF (GREK) and First Trust Emerging Markets Human Flourishing ETF (FTHF). 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	FTHF	Difference
Sharpe ratio: Return per unit of total volatility	1.48	2.21	-0.73
Sortino ratio: Return per unit of downside risk	2.24	2.69	-0.45
Omega ratio: Gain probability vs. loss probability	1.27	1.38	-0.12
Calmar ratio: Return relative to maximum drawdown	1.71	3.59	-1.88
Martin ratio: Return relative to average drawdown	5.27	12.54	-7.28

GREK vs. FTHF - Sharpe Ratio Comparison

The current GREK Sharpe Ratio is 1.48, which is lower than the FTHF Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of GREK and FTHF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GREK vs. FTHF - Drawdown Comparison

The maximum GREK drawdown since its inception was -79.50%, which is greater than FTHF's maximum drawdown of -21.05%. Use the drawdown chart below to compare losses from any high point for GREK and FTHF.

Drawdown Indicators

	GREK	FTHF	Difference
Max Drawdown Largest peak-to-trough decline	-79.50%	-21.05%	-58.45%
Max Drawdown (1Y) Largest decline over 1 year	-21.32%	-21.05%	-0.27%
Max Drawdown (3Y) Largest decline over 3 years	-21.32%	—	—
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	-0.62%	-15.75%	+15.13%
Average Drawdown Average peak-to-trough decline	-44.86%	-4.53%	-40.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.92%	6.01%	+0.91%

Volatility

GREK vs. FTHF - Volatility Comparison

The current volatility for Global X MSCI Greece ETF (GREK) is 7.63%, while First Trust Emerging Markets Human Flourishing ETF (FTHF) has a volatility of 14.08%. This indicates that GREK experiences smaller price fluctuations and is considered to be less risky than FTHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GREK	FTHF	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.63%	14.08%	-6.45%
Volatility (6M) Calculated over the trailing 6-month period	21.24%	32.04%	-10.80%
Volatility (1Y) Calculated over the trailing 1-year period	24.67%	34.28%	-9.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.49%	27.89%	-3.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.85%	27.89%	+0.96%

GREK vs. FTHF - Expense Ratio Comparison

GREK has a 0.56% expense ratio, which is lower than FTHF's 0.75% expense ratio.

Dividends

GREK vs. FTHF - Dividend Comparison

GREK's dividend yield for the trailing twelve months is around 2.43%, less than FTHF's 3.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTHF First Trust Emerging Markets Human Flourishing ETF	3.38%	4.40%	3.34%	0.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GREK Global X MSCI Greece ETF	2.43%	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 FTHF in my portfolio?

GREK and FTHF have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GREK or FTHF?

FTHF has higher volatility (14.08%) compared to GREK (7.63%). In terms of maximum drawdown, GREK dropped -79.50% vs FTHF's -21.05%.

Which ETF is better, GREK or FTHF?

On 1-year performance, FTHF leads with 75.55% vs 36.74% for GREK. On fees, GREK is cheaper at 0.56% per year. On volatility, GREK has been the lower-risk option at 7.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GREK or FTHF?

Over the 1-year period, FTHF has performed better with a 75.55% return vs 36.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GREK or FTHF?

GREK is cheaper with a 0.56% expense ratio, compared with 0.75% for FTHF.

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

FTHF has the higher dividend yield at 3.38%, compared with 2.43% for GREK.

What is the main difference between GREK and FTHF?

GREK tracks MSCI All Greece Select 25/50 Index, while FTHF tracks Emerging Markets Human Flourishing Index. They also come from different issuers: Global X and First Trust. Their fees differ too: 0.56% for GREK and 0.75% for FTHF.

Which has better risk-adjusted returns?

FTHF currently has the higher Sharpe Ratio (2.21 vs 1.48), 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.