GREK vs. VUAA.L
Compare and contrast key facts about Global X MSCI Greece ETF (GREK) and Vanguard S&P 500 UCITS ETF (VUAA.L).
GREK and VUAA.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. VUAA.L is a passively managed fund by Vanguard Group (Ireland) Limited that tracks the performance of the S&P 500 Index. It was launched on May 14, 2019. Both GREK and VUAA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GREK or VUAA.L.
Key characteristics
| GREK | VUAA.L | |
|---|---|---|
| YTD Return | 11.59% | 22.74% |
| 1Y Return | 27.83% | 34.66% |
| 3Y Return (Ann) | 16.92% | 10.67% |
| 5Y Return (Ann) | 10.02% | 15.77% |
| Sharpe Ratio | 1.47 | 3.03 |
| Sortino Ratio | 2.01 | 4.23 |
| Omega Ratio | 1.27 | 1.57 |
| Calmar Ratio | 0.58 | 3.08 |
| Martin Ratio | 8.58 | 19.35 |
| Ulcer Index | 3.27% | 1.85% |
| Daily Std Dev | 19.06% | 11.77% |
| Max Drawdown | -79.50% | -34.05% |
| Current Drawdown | -33.50% | -0.41% |
Correlation
The correlation between GREK and VUAA.L is 0.37, 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.
Performance
GREK vs. VUAA.L - Performance Comparison
In the year-to-date period, GREK achieves a 11.59% return, which is significantly lower than VUAA.L's 22.74% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GREK vs. VUAA.L - Expense Ratio Comparison
GREK has a 0.58% expense ratio, which is higher than VUAA.L's 0.07% expense ratio.
Risk-Adjusted Performance
GREK vs. VUAA.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Greece ETF (GREK) and Vanguard S&P 500 UCITS ETF (VUAA.L). 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.
Dividends
GREK vs. VUAA.L - Dividend Comparison
GREK's dividend yield for the trailing twelve months is around 2.12%, while VUAA.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GREK Global X MSCI Greece ETF | 2.12% | 2.61% | 2.82% | 2.16% | 2.62% | 2.25% | 2.41% | 2.13% | 1.95% | 1.52% | 0.97% | 0.12% |
VUAA.L Vanguard S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GREK vs. VUAA.L - Drawdown Comparison
The maximum GREK drawdown since its inception was -79.50%, which is greater than VUAA.L's maximum drawdown of -34.05%. Use the drawdown chart below to compare losses from any high point for GREK and VUAA.L. For additional features, visit the drawdowns tool.
Volatility
GREK vs. VUAA.L - Volatility Comparison
Global X MSCI Greece ETF (GREK) has a higher volatility of 5.56% compared to Vanguard S&P 500 UCITS ETF (VUAA.L) at 2.25%. This indicates that GREK's price experiences larger fluctuations and is considered to be riskier than VUAA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.