GREK vs. NGD

Last updated Jun 13, 2026

GREK (Global X MSCI Greece ETF) is Emerging Markets Equities fund tracking the MSCI All Greece Select 25-50, while NGD (New Gold Inc.) is a stock. At a 0.15 correlation, their price movements are largely independent.

Performance

GREK vs. NGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI Greece ETF (GREK) and New Gold Inc. (NGD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GREK

• 1D: 0.87%
• 1M: 5.63%
• YTD: 15.45%
• 6M: 15.54%
• 1Y: 38.63%
• 3Y*: 32.67%
• 5Y*: 24.30%
• 10Y*: 16.01%

NGD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GREK vs. NGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GREK Global X MSCI Greece ETF	15.45%	76.11%	9.53%	42.72%	3.64%	6.14%	-13.89%	50.20%	-31.25%	34.80%
NGD New Gold Inc.	4.25%	251.21%	69.86%	48.98%	-34.67%	-31.51%	148.86%	16.28%	-77.00%	-6.00%

Correlation

The correlation between GREK and NGD is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Dec 8, 2011	0.15

Return for Risk

GREK vs. NGD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GREK

GREK Risk / Return Rank: 49
GREK Sharpe Ratio Rank: 54
GREK Sortino Ratio Rank: 57
GREK Omega Ratio Rank: 51
GREK Calmar Ratio Rank: 41
GREK Martin Ratio Rank: 40

NGD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GREK vs. NGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Greece ETF (GREK) and New Gold Inc. (NGD). 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	NGD	Difference
Sharpe ratio: Return per unit of total volatility	1.59	—	—
Sortino ratio: Return per unit of downside risk	2.38	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	1.82	—	—
Martin ratio: Return relative to average drawdown	5.62	—	—

Drawdowns

Drawdown Indicators

	GREK	NGD	Difference
Max Drawdown Largest peak-to-trough decline	-79.50%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-21.32%	—	—
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 Drawdown Current decline from peak	-1.44%	—	—
Average Drawdown Average peak-to-trough decline	-45.25%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.90%	—	—

Volatility

Volatility by Period

	GREK	NGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.35%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.44%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.71%	—	—

Dividends

GREK vs. NGD - Dividend Comparison

GREK's dividend yield for the trailing twelve months is around 3.00%, while NGD 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	3.00%	3.46%	4.63%	2.61%	2.82%	2.16%	2.62%	2.25%	2.41%	2.13%	1.95%	1.52%
NGD New Gold Inc.	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

Can I hold both GREK and NGD in my portfolio?

GREK and NGD have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.