GRX.DE vs. EHF1.DE
GRX.DE (Expat Greece ASE UCITS ETF) and EHF1.DE (Amundi MSCI Europe High Dividend Factor UCITS ETF EUR) are both Europe Equities funds - GRX.DE tracks the FTSE ATHEX Composite Index while EHF1.DE tracks the MSCI Europe High Dividend Yield. Both are passively managed. Over the past 5 years, GRX.DE returned 19.18%/yr vs 12.34%/yr for EHF1.DE. At a 0.32 correlation, their price movements are largely independent. GRX.DE charges 1.38%/yr vs 0.23%/yr for EHF1.DE.
Performance
GRX.DE vs. EHF1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, GRX.DE achieves a 17.31% return, which is significantly higher than EHF1.DE's 11.13% return.
GRX.DE
- 1D
- -0.34%
- 1M
- 1.13%
- 6M
- 10.97%
- YTD
- 17.31%
- 1Y
- 26.73%
- 3Y*
- 22.75%
- 5Y*
- 19.18%
- 10Y*
- —
EHF1.DE
- 1D
- 0.33%
- 1M
- 3.83%
- 6M
- 10.19%
- YTD
- 11.13%
- 1Y
- 20.18%
- 3Y*
- 15.98%
- 5Y*
- 12.34%
- 10Y*
- 9.17%
GRX.DE vs. EHF1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GRX.DE Expat Greece ASE UCITS ETF | 17.31% | 44.63% | 13.08% | 38.74% | -12.12% | 9.54% | -18.16% | 38.85% | -28.42% |
EHF1.DE Amundi MSCI Europe High Dividend Factor UCITS ETF EUR | 11.13% | 19.17% | 9.83% | 14.12% | 1.04% | 18.25% | -9.78% | 27.00% | -1.64% |
Correlation
The correlation between GRX.DE and EHF1.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.32 |
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Return for Risk
GRX.DE vs. EHF1.DE — Risk / Return Rank
GRX.DE
EHF1.DE
GRX.DE vs. EHF1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Greece ASE UCITS ETF (GRX.DE) and Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.DE). 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.
| GRX.DE | EHF1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.36 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 3.22 | -1.66 |
| Martin ratioReturn relative to average drawdown | 4.59 | 8.94 | -4.35 |
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Drawdowns
GRX.DE vs. EHF1.DE - Drawdown Comparison
The maximum GRX.DE drawdown since its inception was -44.54%, which is greater than EHF1.DE's maximum drawdown of -38.13%. Use the drawdown chart below to compare losses from any high point for GRX.DE and EHF1.DE.
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Drawdown Indicators
| GRX.DE | EHF1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.54% | -38.13% | -6.41% |
Max Drawdown (1Y)Largest decline over 1 year | -17.09% | -6.24% | -10.85% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -12.89% | -5.30% |
Max Drawdown (5Y)Largest decline over 5 years | -27.66% | -15.64% | -12.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.13% | — |
Current DrawdownCurrent decline from peak | -2.70% | -0.16% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -12.60% | -4.93% | -7.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 2.25% | +3.55% |
Volatility
GRX.DE vs. EHF1.DE - Volatility Comparison
Expat Greece ASE UCITS ETF (GRX.DE) has a higher volatility of 4.20% compared to Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.DE) at 3.48%. This indicates that GRX.DE's price experiences larger fluctuations and is considered to be riskier than EHF1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRX.DE | EHF1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 3.48% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 17.17% | 8.51% | +8.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.40% | 10.46% | +9.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.26% | 12.29% | +7.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.53% | 14.61% | +6.92% |
GRX.DE vs. EHF1.DE - Expense Ratio Comparison
GRX.DE has a 1.38% expense ratio, which is higher than EHF1.DE's 0.23% expense ratio.
Dividends
GRX.DE vs. EHF1.DE - Dividend Comparison
Neither GRX.DE nor EHF1.DE has paid dividends to shareholders.
Frequently Asked Questions
GRX.DE and EHF1.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EHF1.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EHF1.DE is cheaper with a 0.23% expense ratio, compared with 1.38% for GRX.DE.
GRX.DE tracks FTSE ATHEX Composite Index, while EHF1.DE tracks MSCI Europe High Dividend Yield. They also come from different issuers: Expat and Amundi. Their fees differ too: 1.38% for GRX.DE and 0.23% for EHF1.DE.
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