GREK vs. IAUM
GREK (Global X MSCI Greece ETF) and IAUM (iShares Gold Trust Micro) are both exchange-traded funds - GREK is a Emerging Markets Equities fund tracking the MSCI All Greece Select 25-50, while IAUM is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 5 years, GREK returned 27.03%/yr vs 17.21%/yr for IAUM. At a 0.22 correlation, their price movements are largely independent. GREK charges 0.58%/yr vs 0.09%/yr for IAUM.
Performance
GREK vs. IAUM - Performance Comparison
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Returns By Period
In the year-to-date period, GREK achieves a 14.15% return, which is significantly higher than IAUM's -7.12% return.
GREK
- 1D
- 0.11%
- 1M
- -2.53%
- 6M
- 7.43%
- YTD
- 14.15%
- 1Y
- 25.52%
- 3Y*
- 27.97%
- 5Y*
- 27.03%
- 10Y*
- 16.17%
- ALL TIME*
- 5.76%
IAUM
- 1D
- -0.18%
- 1M
- -4.97%
- 6M
- -12.59%
- YTD
- -7.12%
- 1Y
- 19.59%
- 3Y*
- 26.77%
- 5Y*
- 17.21%
- 10Y*
- —
- ALL TIME*
- 17.56%
GREK vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GREK Global X MSCI Greece ETF | 14.15% | 76.11% | 9.53% | 42.72% | 3.64% | -5.15% |
IAUM iShares Gold Trust Micro | -7.12% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
Correlation
The correlation between GREK and IAUM is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2021 | 0.22 |
The correlation between GREK and IAUM shifts across timeframes, from 0.22 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GREK vs. IAUM — Risk / Return Rank
GREK
IAUM
GREK vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Greece ETF (GREK) and iShares Gold Trust Micro (IAUM). 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 | IAUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.15 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 0.75 | +0.45 |
| Martin ratioReturn relative to average drawdown | 3.69 | 1.75 | +1.94 |
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Drawdowns
GREK vs. IAUM - Drawdown Comparison
The maximum GREK drawdown since its inception was -79.50%, which is greater than IAUM's maximum drawdown of -26.31%. Use the drawdown chart below to compare losses from any high point for GREK and IAUM.
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Drawdown Indicators
| GREK | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.50% | -26.31% | -53.19% |
Max Drawdown (1Y)Largest decline over 1 year | -21.32% | -26.31% | +4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -22.63% | -26.31% | +3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -30.46% | -26.31% | -4.15% |
Max Drawdown (10Y)Largest decline over 10 years | -57.04% | — | — |
Current DrawdownCurrent decline from peak | -4.93% | -25.77% | +20.84% |
Average DrawdownAverage peak-to-trough decline | -44.97% | -5.74% | -39.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.93% | 11.24% | -4.31% |
Volatility
GREK vs. IAUM - Volatility Comparison
The current volatility for Global X MSCI Greece ETF (GREK) is 5.98%, while iShares Gold Trust Micro (IAUM) has a volatility of 6.30%. This indicates that GREK experiences smaller price fluctuations and is considered to be less risky than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GREK | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 6.30% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 21.10% | 23.90% | -2.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.36% | 27.75% | -3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.39% | 18.26% | +6.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.85% | 18.17% | +10.68% |
GREK vs. IAUM - Expense Ratio Comparison
GREK has a 0.58% expense ratio, which is higher than IAUM's 0.09% expense ratio.
Dividends
GREK vs. IAUM - Dividend Comparison
GREK's dividend yield for the trailing twelve months is around 2.61%, while IAUM 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 | 2.61% | 3.46% | 4.63% | 2.61% | 2.82% | 2.16% | 2.62% | 2.25% | 2.41% | 2.13% | 1.95% | 1.52% |
IAUM iShares Gold Trust Micro | 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 IAUM have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAUM has higher volatility (6.30%) compared to GREK (5.98%). In terms of maximum drawdown, GREK dropped -79.50% vs IAUM's -26.31%.
On 5-year performance, GREK leads with 27.03% vs 17.21% for IAUM. On fees, IAUM is cheaper at 0.09% per year. On volatility, GREK has been the lower-risk option at 5.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GREK has performed better with a 27.03% return vs 17.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAUM is cheaper with a 0.09% expense ratio, compared with 0.58% for GREK.
GREK has the higher dividend yield at 2.61%, compared with 0.00% for IAUM.
GREK is categorized as Emerging Markets Equities, while IAUM is Gold. GREK tracks MSCI All Greece Select 25-50, while IAUM tracks LBMA Gold Price PM. They also come from different issuers: Global X and iShares. Their fees differ too: 0.58% for GREK and 0.09% for IAUM.
GREK currently has the higher Sharpe Ratio (1.05 vs 0.71), 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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