GRX.DE vs. EXSH.DE
GRX.DE (Expat Greece ASE UCITS ETF) and EXSH.DE (iShares STOXX Europe Select Dividend 30 UCITS ETF (DE)) are both Europe Equities funds - GRX.DE tracks the FTSE ATHEX Composite Index while EXSH.DE tracks the STOXX® Europe Select Dividend 30. Both are passively managed. Over the past 5 years, GRX.DE returned 19.18%/yr vs 12.91%/yr for EXSH.DE. At a 0.36 correlation, their price movements are largely independent. GRX.DE charges 1.38%/yr vs 0.32%/yr for EXSH.DE.
Performance
GRX.DE vs. EXSH.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GRX.DE having a 17.31% return and EXSH.DE slightly lower at 16.62%.
GRX.DE
- 1D
- -0.34%
- 1M
- 1.13%
- 6M
- 10.97%
- YTD
- 17.31%
- 1Y
- 26.73%
- 3Y*
- 22.75%
- 5Y*
- 19.18%
- 10Y*
- —
EXSH.DE
- 1D
- 0.51%
- 1M
- 1.55%
- 6M
- 13.99%
- YTD
- 16.62%
- 1Y
- 34.13%
- 3Y*
- 23.60%
- 5Y*
- 12.91%
- 10Y*
- 10.03%
GRX.DE vs. EXSH.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% |
EXSH.DE iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | 16.62% | 44.77% | 4.92% | 9.87% | -11.13% | 23.58% | -10.14% | 26.86% | -3.87% |
Correlation
The correlation between GRX.DE and EXSH.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.36 |
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Return for Risk
GRX.DE vs. EXSH.DE — Risk / Return Rank
GRX.DE
EXSH.DE
GRX.DE vs. EXSH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Greece ASE UCITS ETF (GRX.DE) and iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) (EXSH.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 | EXSH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.49 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 5.11 | -3.55 |
| Martin ratioReturn relative to average drawdown | 4.59 | 16.19 | -11.60 |
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Drawdowns
GRX.DE vs. EXSH.DE - Drawdown Comparison
The maximum GRX.DE drawdown since its inception was -44.54%, smaller than the maximum EXSH.DE drawdown of -70.19%. Use the drawdown chart below to compare losses from any high point for GRX.DE and EXSH.DE.
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Drawdown Indicators
| GRX.DE | EXSH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.54% | -70.19% | +25.65% |
Max Drawdown (1Y)Largest decline over 1 year | -17.09% | -6.65% | -10.44% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -14.42% | -3.77% |
Max Drawdown (5Y)Largest decline over 5 years | -27.66% | -23.46% | -4.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.37% | — |
Current DrawdownCurrent decline from peak | -2.70% | 0.00% | -2.70% |
Average DrawdownAverage peak-to-trough decline | -12.60% | -24.77% | +12.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 2.10% | +3.70% |
Volatility
GRX.DE vs. EXSH.DE - Volatility Comparison
Expat Greece ASE UCITS ETF (GRX.DE) has a higher volatility of 4.20% compared to iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) (EXSH.DE) at 3.05%. This indicates that GRX.DE's price experiences larger fluctuations and is considered to be riskier than EXSH.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 | EXSH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 3.05% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 17.17% | 10.09% | +7.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.40% | 12.28% | +8.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.26% | 14.60% | +5.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.53% | 16.83% | +4.70% |
GRX.DE vs. EXSH.DE - Expense Ratio Comparison
GRX.DE has a 1.38% expense ratio, which is higher than EXSH.DE's 0.32% expense ratio.
Dividends
GRX.DE vs. EXSH.DE - Dividend Comparison
GRX.DE has not paid dividends to shareholders, while EXSH.DE's dividend yield for the trailing twelve months is around 4.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSH.DE iShares STOXX Europe Select Dividend 30 UCITS ETF (DE) | 4.95% | 5.06% | 5.08% | 5.55% | 5.26% | 3.26% | 3.11% | 3.90% | 3.85% | 4.36% | 4.33% | 3.44% |
GRX.DE Expat Greece ASE 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% |
Frequently Asked Questions
GRX.DE and EXSH.DE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXSH.DE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXSH.DE is cheaper with a 0.32% expense ratio, compared with 1.38% for GRX.DE.
GRX.DE tracks FTSE ATHEX Composite Index, while EXSH.DE tracks STOXX® Europe Select Dividend 30. They also come from different issuers: Expat and iShares. Their fees differ too: 1.38% for GRX.DE and 0.32% for EXSH.DE.
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