GREK vs. GEME
GREK (Global X MSCI Greece ETF) and GEME (Pacific North of South Global Emerging Markets Equity Active ETF) are both Emerging Markets Equities funds. GREK is passively managed, while GEME is actively managed. Over the past year, GREK returned 37.72% vs 78.02% for GEME. A 0.60 correlation means they provide meaningful diversification when combined. GREK charges 0.58%/yr vs 0.75%/yr for GEME.
Performance
GREK vs. GEME - Performance Comparison
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Returns By Period
In the year-to-date period, GREK achieves a 11.36% return, which is significantly lower than GEME's 37.12% return.
GREK
- 1D
- 0.08%
- 1M
- 4.63%
- YTD
- 11.36%
- 6M
- 13.04%
- 1Y
- 37.72%
- 3Y*
- 33.69%
- 5Y*
- 24.04%
- 10Y*
- 13.99%
GEME
- 1D
- -1.01%
- 1M
- 7.83%
- YTD
- 37.12%
- 6M
- 43.45%
- 1Y
- 78.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GREK vs. GEME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GREK Global X MSCI Greece ETF | 11.36% | 65.28% |
GEME Pacific North of South Global Emerging Markets Equity Active ETF | 37.12% | 37.35% |
Correlation
The correlation between GREK and GEME is 0.58, 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 | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2025 | 0.60 |
The correlation between GREK and GEME has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.
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Return for Risk
GREK vs. GEME — Risk / Return Rank
GREK
GEME
GREK vs. GEME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Greece ETF (GREK) and Pacific North of South Global Emerging Markets Equity Active ETF (GEME). 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.
| GREK | GEME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.64 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 5.83 | -4.05 |
| Martin ratioReturn relative to average drawdown | 5.52 | 22.78 | -17.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GREK | GEME | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 3.69 | -2.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 2.59 | -2.44 |
Drawdowns
GREK vs. GEME - Drawdown Comparison
The maximum GREK drawdown since its inception was -79.50%, which is greater than GEME's maximum drawdown of -16.86%. Use the drawdown chart below to compare losses from any high point for GREK and GEME.
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Drawdown Indicators
| GREK | GEME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.50% | -16.86% | -62.64% |
Max Drawdown (1Y)Largest decline over 1 year | -21.32% | -13.46% | -7.86% |
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 | -4.92% | -2.23% | -2.69% |
Average DrawdownAverage peak-to-trough decline | -45.32% | -2.30% | -43.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.86% | 3.44% | +3.42% |
Volatility
GREK vs. GEME - Volatility Comparison
Global X MSCI Greece ETF (GREK) and Pacific North of South Global Emerging Markets Equity Active ETF (GEME) have volatilities of 8.56% and 8.57%, 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.
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Volatility by Period
| GREK | GEME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.56% | 8.57% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 20.28% | 17.94% | +2.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.95% | 21.26% | +2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.37% | 22.94% | +1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.82% | 22.94% | +6.88% |
GREK vs. GEME - Expense Ratio Comparison
GREK has a 0.58% expense ratio, which is lower than GEME's 0.75% expense ratio.
Dividends
GREK vs. GEME - Dividend Comparison
GREK's dividend yield for the trailing twelve months is around 3.11%, less than GEME's 5.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GEME Pacific North of South Global Emerging Markets Equity Active ETF | 5.11% | 7.01% | 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 | 3.11% | 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 GEME have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GEME has higher volatility (8.57%) compared to GREK (8.56%). In terms of maximum drawdown, GREK dropped -79.50% vs GEME's -16.86%.
On 1-year performance, GEME leads with 78.02% vs 37.72% for GREK. On fees, GREK is cheaper at 0.58% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GEME has performed better with a 78.02% return vs 37.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GREK is cheaper with a 0.58% expense ratio, compared with 0.75% for GEME.
GEME has the higher dividend yield at 5.11%, compared with 3.11% for GREK.
They also come from different issuers: Global X and Pacific AM. Their fees differ too: 0.58% for GREK and 0.75% for GEME.
GEME currently has the higher Sharpe Ratio (3.69 vs 1.58), 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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