GREK vs. STXE

Last updated Aug 2, 2026

GREK (Global X MSCI Greece ETF) and STXE (Strive Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - GREK tracks the MSCI All Greece Select 25/50 Index while STXE tracks the Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, GREK returned 32.40%/yr vs 23.32%/yr for STXE. Their 0.52 correlation means they have sometimes moved together and sometimes differently. GREK charges 0.56%/yr vs 0.32%/yr for STXE.

Performance

GREK vs. STXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI Greece ETF (GREK) and Strive Emerging Markets Ex-China ETF (STXE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GREK achieves a 22.60% return, which is significantly lower than STXE's 31.48% return.

GREK

• 1D: -0.62%
• 1M: 5.48%
• 6M: 9.57%
• YTD: 22.60%
• 1Y: 36.74%
• 3Y*: 32.40%
• 5Y*: 27.82%
• 10Y*: 17.36%
• ALL TIME*: 6.26%

STXE

• 1D: 2.93%
• 1M: -5.07%
• 6M: 18.30%
• YTD: 31.48%
• 1Y: 56.34%
• 3Y*: 23.32%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.35%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GREK Global X MSCI Greece ETF	$9.46M	$9.35M	$7.83M
STXE Strive Emerging Markets Ex-China ETF	$412.67K	$566.81K	$571.67K

GREK vs. STXE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GREK Global X MSCI Greece ETF	22.60%	76.11%	9.53%	26.61%
STXE Strive Emerging Markets Ex-China ETF	31.48%	34.23%	2.09%	12.38%

Correlation

The correlation between GREK and STXE is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.57
Correlation (3Y) Balances recent behavior with more history.	0.54
Correlation (All Time) Calculated using the full available price history since Jan 31, 2023	0.52

The correlation between GREK and STXE has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.

GREK vs. STXE - Sectors Allocation Comparison

Sectors	GREK	STXE
Financial Services	48.8%	15.7%
Utilities	14.3%	1.1%
Industrials	12.5%	5.0%
Consumer Cyclical	8.7%	1.4%
Energy	6.8%	3.5%
Communication Services	4.1%	3.2%
Basic Materials	3.0%	6.2%
Real Estate	1.0%	0.4%
Consumer Defensive	1.0%	1.7%
Healthcare	-	0.6%
Technology	-	40.3%

Return for Risk

GREK vs. STXE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GREK

GREK Risk / Return Rank: 58
GREK Sharpe Ratio Rank: 65
GREK Sortino Ratio Rank: 69
GREK Omega Ratio Rank: 62
GREK Calmar Ratio Rank: 48
GREK Martin Ratio Rank: 46

STXE

STXE Risk / Return Rank: 79
STXE Sharpe Ratio Rank: 81
STXE Sortino Ratio Rank: 74
STXE Omega Ratio Rank: 81
STXE Calmar Ratio Rank: 77
STXE Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GREK vs. STXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Greece ETF (GREK) and Strive Emerging Markets Ex-China ETF (STXE). 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	STXE	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.86	-0.38
Sortino ratio: Return per unit of downside risk	2.24	2.40	-0.16
Omega ratio: Gain probability vs. loss probability	1.27	1.34	-0.08
Calmar ratio: Return relative to maximum drawdown	1.71	2.73	-1.02
Martin ratio: Return relative to average drawdown	5.27	10.29	-5.02

GREK vs. STXE - Sharpe Ratio Comparison

The current GREK Sharpe Ratio is 1.48, which is comparable to the STXE Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of GREK and STXE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GREK vs. STXE - Drawdown Comparison

The maximum GREK drawdown since its inception was -79.50%, which is greater than STXE's maximum drawdown of -20.38%. Use the drawdown chart below to compare losses from any high point for GREK and STXE.

Drawdown Indicators

	GREK	STXE	Difference
Max Drawdown Largest peak-to-trough decline	-79.50%	-20.38%	-59.12%
Max Drawdown (1Y) Largest decline over 1 year	-21.32%	-20.38%	-0.94%
Max Drawdown (3Y) Largest decline over 3 years	-21.32%	-20.38%	-0.94%
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	-0.62%	-14.59%	+13.97%
Average Drawdown Average peak-to-trough decline	-44.86%	-3.95%	-40.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.92%	5.39%	+1.53%

Volatility

GREK vs. STXE - Volatility Comparison

The current volatility for Global X MSCI Greece ETF (GREK) is 7.63%, while Strive Emerging Markets Ex-China ETF (STXE) has a volatility of 13.05%. This indicates that GREK experiences smaller price fluctuations and is considered to be less risky than STXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GREK	STXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.63%	13.05%	-5.42%
Volatility (6M) Calculated over the trailing 6-month period	21.24%	28.09%	-6.85%
Volatility (1Y) Calculated over the trailing 1-year period	24.67%	29.83%	-5.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.49%	20.17%	+4.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.85%	20.17%	+8.68%

GREK vs. STXE - Expense Ratio Comparison

GREK has a 0.56% expense ratio, which is higher than STXE's 0.32% expense ratio.

Dividends

GREK vs. STXE - Dividend Comparison

GREK's dividend yield for the trailing twelve months is around 2.43%, more than STXE's 1.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GREK Global X MSCI Greece ETF	2.43%	3.46%	4.63%	2.61%	2.82%	2.16%	2.62%	2.25%	2.41%	2.13%	1.95%	1.52%
STXE Strive Emerging Markets Ex-China ETF	1.91%	2.66%	3.22%	1.08%	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 STXE in my portfolio?

GREK and STXE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GREK or STXE?

STXE has higher volatility (13.05%) compared to GREK (7.63%). In terms of maximum drawdown, GREK dropped -79.50% vs STXE's -20.38%.

Which ETF is better, GREK or STXE?

On 3-year performance, GREK leads with 32.40% vs 23.32% for STXE. On fees, STXE is cheaper at 0.32% per year. On volatility, GREK has been the lower-risk option at 7.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GREK or STXE?

Over the 3-year period, GREK has performed better with a 32.40% return vs 23.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GREK or STXE?

STXE is cheaper with a 0.32% expense ratio, compared with 0.56% for GREK.

Which ETF pays a higher dividend yield, GREK or STXE?

GREK has the higher dividend yield at 2.43%, compared with 1.91% for STXE.

What is the main difference between GREK and STXE?

GREK tracks MSCI All Greece Select 25/50 Index, while STXE tracks Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross. They also come from different issuers: Global X and Strive. Their fees differ too: 0.56% for GREK and 0.32% for STXE.

Which has better risk-adjusted returns?

STXE currently has the higher Sharpe Ratio (1.86 vs 1.48), 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.