GREK vs. LTC-USD
Compare and contrast key facts about Global X MSCI Greece ETF (GREK) and Litecoin (LTC-USD).
GREK is a passively managed fund by Global X that tracks the performance of the MSCI All Greece Select 25-50. It was launched on Dec 7, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GREK or LTC-USD.
Performance
GREK vs. LTC-USD - Performance Comparison
Returns By Period
In the year-to-date period, GREK achieves a 5.59% return, which is significantly lower than LTC-USD's 22.50% return. Over the past 10 years, GREK has underperformed LTC-USD with an annualized return of -0.53%, while LTC-USD has yielded a comparatively higher 38.25% annualized return.
GREK
5.59%
-6.88%
-9.63%
8.26%
8.36%
-0.53%
LTC-USD
22.50%
19.10%
0.65%
26.24%
10.05%
38.25%
Key characteristics
| GREK | LTC-USD | |
|---|---|---|
| Sharpe Ratio | 0.55 | -0.29 |
| Sortino Ratio | 0.83 | 0.01 |
| Omega Ratio | 1.11 | 1.00 |
| Calmar Ratio | 0.24 | 0.01 |
| Martin Ratio | 2.35 | -0.61 |
| Ulcer Index | 4.29% | 32.32% |
| Daily Std Dev | 18.41% | 55.27% |
| Max Drawdown | -79.50% | -97.41% |
| Current Drawdown | -37.08% | -76.91% |
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Correlation
The correlation between GREK and LTC-USD is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
GREK vs. LTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Greece ETF (GREK) and Litecoin (LTC-USD). 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.
Drawdowns
GREK vs. LTC-USD - Drawdown Comparison
The maximum GREK drawdown since its inception was -79.50%, smaller than the maximum LTC-USD drawdown of -97.41%. Use the drawdown chart below to compare losses from any high point for GREK and LTC-USD. For additional features, visit the drawdowns tool.
Volatility
GREK vs. LTC-USD - Volatility Comparison
The current volatility for Global X MSCI Greece ETF (GREK) is 4.08%, while Litecoin (LTC-USD) has a volatility of 24.18%. This indicates that GREK experiences smaller price fluctuations and is considered to be less risky than LTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.