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GREK vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between GREK and SPY is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.5

Performance

GREK vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI Greece ETF (GREK) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

0.00%100.00%200.00%300.00%400.00%500.00%NovemberDecember2025FebruaryMarchApril
45.79%
467.45%
GREK
SPY

Key characteristics

Sharpe Ratio

GREK:

1.13

SPY:

0.51

Sortino Ratio

GREK:

1.56

SPY:

0.86

Omega Ratio

GREK:

1.23

SPY:

1.13

Calmar Ratio

GREK:

0.69

SPY:

0.55

Martin Ratio

GREK:

4.68

SPY:

2.26

Ulcer Index

GREK:

5.64%

SPY:

4.55%

Daily Std Dev

GREK:

23.38%

SPY:

20.08%

Max Drawdown

GREK:

-79.50%

SPY:

-55.19%

Current Drawdown

GREK:

-16.67%

SPY:

-9.89%

Returns By Period

In the year-to-date period, GREK achieves a 27.66% return, which is significantly higher than SPY's -5.76% return. Over the past 10 years, GREK has underperformed SPY with an annualized return of 6.24%, while SPY has yielded a comparatively higher 11.99% annualized return.


GREK

YTD

27.66%

1M

2.27%

6M

30.33%

1Y

27.36%

5Y*

26.53%

10Y*

6.24%

SPY

YTD

-5.76%

1M

-3.16%

6M

-4.30%

1Y

10.76%

5Y*

15.96%

10Y*

11.99%

*Annualized

Compare stocks, funds, or ETFs

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GREK vs. SPY - Expense Ratio Comparison

GREK has a 0.58% expense ratio, which is higher than SPY's 0.09% expense ratio.


Expense ratio chart for GREK: current value is 0.58%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
GREK: 0.58%
Expense ratio chart for SPY: current value is 0.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPY: 0.09%

Risk-Adjusted Performance

GREK vs. SPY — Risk-Adjusted Performance Rank

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

GREK
The Risk-Adjusted Performance Rank of GREK is 8181
Overall Rank
The Sharpe Ratio Rank of GREK is 8383
Sharpe Ratio Rank
The Sortino Ratio Rank of GREK is 8282
Sortino Ratio Rank
The Omega Ratio Rank of GREK is 8383
Omega Ratio Rank
The Calmar Ratio Rank of GREK is 7373
Calmar Ratio Rank
The Martin Ratio Rank of GREK is 8383
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6161
Overall Rank
The Sharpe Ratio Rank of SPY is 5757
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 5858
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6161
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6464
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6363
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

GREK vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Greece ETF (GREK) and SPDR S&P 500 ETF (SPY). 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.


The chart of Sharpe ratio for GREK, currently valued at 1.13, compared to the broader market-1.000.001.002.003.004.00
GREK: 1.13
SPY: 0.51
The chart of Sortino ratio for GREK, currently valued at 1.56, compared to the broader market-2.000.002.004.006.008.00
GREK: 1.56
SPY: 0.86
The chart of Omega ratio for GREK, currently valued at 1.23, compared to the broader market0.501.001.502.00
GREK: 1.23
SPY: 1.13
The chart of Calmar ratio for GREK, currently valued at 0.69, compared to the broader market0.002.004.006.008.0010.0012.00
GREK: 0.69
SPY: 0.55
The chart of Martin ratio for GREK, currently valued at 4.68, compared to the broader market0.0020.0040.0060.00
GREK: 4.68
SPY: 2.26

The current GREK Sharpe Ratio is 1.13, which is higher than the SPY Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of GREK and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
1.13
0.51
GREK
SPY

Dividends

GREK vs. SPY - Dividend Comparison

GREK's dividend yield for the trailing twelve months is around 3.63%, more than SPY's 1.30% yield.


TTM20242023202220212020201920182017201620152014
GREK
Global X MSCI Greece ETF
3.63%4.63%2.61%2.82%2.16%2.62%2.25%2.41%2.13%1.95%1.52%0.97%
SPY
SPDR S&P 500 ETF
1.30%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

GREK vs. SPY - Drawdown Comparison

The maximum GREK drawdown since its inception was -79.50%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for GREK and SPY. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-16.67%
-9.89%
GREK
SPY

Volatility

GREK vs. SPY - Volatility Comparison

Global X MSCI Greece ETF (GREK) and SPDR S&P 500 ETF (SPY) have volatilities of 14.78% and 15.12%, 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.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
14.78%
15.12%
GREK
SPY