GREK vs. GRNY
GREK (Global X MSCI Greece ETF) and GRNY (Fundstrat Granny Shots U.S. Large Cap ETF) are both exchange-traded funds - GREK is a Emerging Markets Equities fund tracking the MSCI All Greece Select 25-50, while GRNY is a Large Cap Blend Equities fund actively managed by Tidal ETFs. GREK is passively managed, while GRNY is actively managed. Over the past year, GREK returned 36.15% vs 26.59% for GRNY. At a 0.43 correlation, their price movements are largely independent. GREK charges 0.58%/yr vs 0.75%/yr for GRNY.
Performance
GREK vs. GRNY - Performance Comparison
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Returns By Period
In the year-to-date period, GREK achieves a 10.53% return, which is significantly higher than GRNY's 9.21% return.
GREK
- 1D
- 1.58%
- 1M
- 1.44%
- YTD
- 10.53%
- 6M
- 11.07%
- 1Y
- 36.15%
- 3Y*
- 31.41%
- 5Y*
- 23.55%
- 10Y*
- 14.76%
GRNY
- 1D
- 0.52%
- 1M
- 0.19%
- YTD
- 9.21%
- 6M
- 7.56%
- 1Y
- 26.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GREK vs. GRNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GREK Global X MSCI Greece ETF | 10.53% | 76.11% | 0.69% |
GRNY Fundstrat Granny Shots U.S. Large Cap ETF | 9.21% | 24.05% | -1.09% |
Correlation
The correlation between GREK and GRNY is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2024 | 0.43 |
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Return for Risk
GREK vs. GRNY — Risk / Return Rank
GREK
GRNY
GREK vs. GRNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Greece ETF (GREK) and Fundstrat Granny Shots U.S. Large Cap ETF (GRNY). 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 | GRNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.26 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.70 | 2.30 | -0.59 |
| Martin ratioReturn relative to average drawdown | 5.27 | 7.00 | -1.73 |
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 | GRNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 1.50 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.89 | -0.73 |
Drawdowns
GREK vs. GRNY - Drawdown Comparison
The maximum GREK drawdown since its inception was -79.50%, which is greater than GRNY's maximum drawdown of -24.18%. Use the drawdown chart below to compare losses from any high point for GREK and GRNY.
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Drawdown Indicators
| GREK | GRNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.50% | -24.18% | -55.32% |
Max Drawdown (1Y)Largest decline over 1 year | -21.32% | -11.63% | -9.69% |
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 | -5.63% | -2.59% | -3.04% |
Average DrawdownAverage peak-to-trough decline | -45.30% | -4.01% | -41.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.88% | 3.81% | +3.07% |
Volatility
GREK vs. GRNY - Volatility Comparison
Global X MSCI Greece ETF (GREK) has a higher volatility of 8.07% compared to Fundstrat Granny Shots U.S. Large Cap ETF (GRNY) at 5.02%. This indicates that GREK's price experiences larger fluctuations and is considered to be riskier than GRNY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GREK | GRNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.07% | 5.02% | +3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 20.47% | 13.09% | +7.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.14% | 17.86% | +6.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.41% | 23.25% | +1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.84% | 23.25% | +6.59% |
GREK vs. GRNY - Expense Ratio Comparison
GREK has a 0.58% expense ratio, which is lower than GRNY's 0.75% expense ratio.
Dividends
GREK vs. GRNY - Dividend Comparison
GREK's dividend yield for the trailing twelve months is around 3.13%, while GRNY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GREK Global X MSCI Greece ETF | 3.13% | 3.46% | 4.63% | 2.61% | 2.82% | 2.16% | 2.62% | 2.25% | 2.41% | 2.13% | 1.95% | 1.52% |
GRNY Fundstrat Granny Shots U.S. Large Cap ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GREK and GRNY have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GREK has higher volatility (8.07%) compared to GRNY (5.02%). In terms of maximum drawdown, GREK dropped -79.50% vs GRNY's -24.18%.
On 1-year performance, GREK leads with 36.15% vs 26.59% for GRNY. On fees, GREK is cheaper at 0.58% per year. On volatility, GRNY has been the lower-risk option at 5.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GREK has performed better with a 36.15% return vs 26.59%. 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 GRNY.
GREK has the higher dividend yield at 3.13%, compared with 0.00% for GRNY.
GREK is categorized as Emerging Markets Equities, while GRNY is Large Cap Blend Equities. They also come from different issuers: Global X and Tidal ETFs. Their fees differ too: 0.58% for GREK and 0.75% for GRNY.
GREK currently has the higher Sharpe Ratio (1.51 vs 1.50), 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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