GREK vs. VEXC

Last updated Jun 5, 2026

GREK (Global X MSCI Greece ETF) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - GREK tracks the MSCI All Greece Select 25-50 while VEXC tracks the FTSE Emerging ex China Index. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. GREK charges 0.58%/yr vs 0.07%/yr for VEXC.

Performance

GREK vs. VEXC - Performance Comparison

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

Returns By Period

In the year-to-date period, GREK achieves a 11.36% return, which is significantly lower than VEXC's 20.48% return.

GREK

• 1D: 0.08%
• 1M: 4.63%
• YTD: 11.36%
• 6M: 13.04%
• 1Y: 37.72%
• 3Y*: 33.69%
• 5Y*: 24.04%
• 10Y*: 13.99%

VEXC

• 1D: 0.23%
• 1M: 3.69%
• YTD: 20.48%
• 6M: 23.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GREK vs. VEXC - Yearly Performance Comparison

	2026 (YTD)	2025
GREK Global X MSCI Greece ETF	11.36%	3.14%
VEXC Vanguard Emerging Markets Ex-China ETF	20.48%	4.80%

Correlation

The correlation between GREK and VEXC is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 3, 2025	0.62

Return for Risk

GREK vs. VEXC — Risk / Return Rank

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

GREK

GREK Risk / Return Rank: 43
GREK Sharpe Ratio Rank: 46
GREK Sortino Ratio Rank: 49
GREK Omega Ratio Rank: 45
GREK Calmar Ratio Rank: 37
GREK Martin Ratio Rank: 36

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. VEXC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Greece ETF (GREK) and Vanguard Emerging Markets Ex-China ETF (VEXC). 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.

	GREK	VEXC	Difference
Sharpe ratio: Return per unit of total volatility	1.58	—	—
Sortino ratio: Return per unit of downside risk	2.36	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	1.78	—	—
Martin ratio: Return relative to average drawdown	5.52	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GREK	VEXC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	2.23	-2.07

Drawdowns

GREK vs. VEXC - Drawdown Comparison

The maximum GREK drawdown since its inception was -79.50%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for GREK and VEXC.

Drawdown Indicators

	GREK	VEXC	Difference
Max Drawdown Largest peak-to-trough decline	-79.50%	-12.42%	-67.08%
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	-4.92%	-0.97%	-3.95%
Average Drawdown Average peak-to-trough decline	-45.32%	-2.22%	-43.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.86%	—	—

Volatility

Volatility by Period

	GREK	VEXC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.95%	18.84%	+5.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.37%	18.84%	+5.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.82%	18.84%	+10.98%

GREK vs. VEXC - Expense Ratio Comparison

GREK has a 0.58% expense ratio, which is higher than VEXC's 0.07% expense ratio.

Dividends

GREK vs. VEXC - Dividend Comparison

GREK's dividend yield for the trailing twelve months is around 3.11%, more than VEXC's 0.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GREK Global X MSCI Greece ETF	3.11%	3.46%	4.63%	2.61%	2.82%	2.16%	2.62%	2.25%	2.41%	2.13%	1.95%	1.52%
VEXC Vanguard Emerging Markets Ex-China ETF	0.74%	0.43%	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 VEXC in my portfolio?

GREK and VEXC have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GREK or VEXC?

On fees, VEXC is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GREK or VEXC?

VEXC is cheaper with a 0.07% expense ratio, compared with 0.58% for GREK.

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

GREK has the higher dividend yield at 3.11%, compared with 0.74% for VEXC.

What is the main difference between GREK and VEXC?

GREK tracks MSCI All Greece Select 25-50, while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: Global X and Vanguard. Their fees differ too: 0.58% for GREK and 0.07% for VEXC.