GRX.DE vs. PLX.DE
GRX.DE (Expat Greece ASE UCITS ETF) and PLX.DE (Expat Poland WIG20 UCITS ETF) are both Europe Equities funds from Expat - GRX.DE tracks the FTSE ATHEX Composite Index while PLX.DE tracks the WIG20 Index. Both are passively managed. Over the past 5 years, GRX.DE returned 19.18%/yr vs 7.28%/yr for PLX.DE. At a 0.36 correlation, their price movements are largely independent. Both charge a 1.38% expense ratio.
Performance
GRX.DE vs. PLX.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GRX.DE having a 17.31% return and PLX.DE slightly higher at 17.82%.
GRX.DE
- 1D
- -0.34%
- 1M
- 1.13%
- 6M
- 10.97%
- YTD
- 17.31%
- 1Y
- 26.73%
- 3Y*
- 22.75%
- 5Y*
- 19.18%
- 10Y*
- —
PLX.DE
- 1D
- -0.19%
- 1M
- 2.77%
- 6M
- 14.98%
- YTD
- 17.82%
- 1Y
- 28.98%
- 3Y*
- 21.26%
- 5Y*
- 7.28%
- 10Y*
- —
GRX.DE vs. PLX.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% |
PLX.DE Expat Poland WIG20 UCITS ETF | 17.82% | 38.63% | -4.03% | 46.50% | -38.88% | 9.75% | -18.07% | 0.96% | -10.19% |
Correlation
The correlation between GRX.DE and PLX.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 | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
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. PLX.DE — Risk / Return Rank
GRX.DE
PLX.DE
GRX.DE vs. PLX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Greece ASE UCITS ETF (GRX.DE) and Expat Poland WIG20 UCITS ETF (PLX.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 | PLX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.54 | -0.98 |
| Martin ratioReturn relative to average drawdown | 4.59 | 7.44 | -2.84 |
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Drawdowns
GRX.DE vs. PLX.DE - Drawdown Comparison
The maximum GRX.DE drawdown since its inception was -44.54%, smaller than the maximum PLX.DE drawdown of -60.63%. Use the drawdown chart below to compare losses from any high point for GRX.DE and PLX.DE.
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Drawdown Indicators
| GRX.DE | PLX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.54% | -60.63% | +16.09% |
Max Drawdown (1Y)Largest decline over 1 year | -17.09% | -11.07% | -6.02% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -18.01% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -27.66% | -55.50% | +27.84% |
Current DrawdownCurrent decline from peak | -2.70% | -0.19% | -2.51% |
Average DrawdownAverage peak-to-trough decline | -12.60% | -22.59% | +9.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 3.79% | +2.01% |
Volatility
GRX.DE vs. PLX.DE - Volatility Comparison
The current volatility for Expat Greece ASE UCITS ETF (GRX.DE) is 4.20%, while Expat Poland WIG20 UCITS ETF (PLX.DE) has a volatility of 5.22%. This indicates that GRX.DE experiences smaller price fluctuations and is considered to be less risky than PLX.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 | PLX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 5.22% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 17.17% | 19.40% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.40% | 24.60% | -4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.26% | 27.88% | -7.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.53% | 26.16% | -4.63% |
GRX.DE vs. PLX.DE - Expense Ratio Comparison
Both GRX.DE and PLX.DE have an expense ratio of 1.38%.
Dividends
GRX.DE vs. PLX.DE - Dividend Comparison
Neither GRX.DE nor PLX.DE has paid dividends to shareholders.
Frequently Asked Questions
GRX.DE and PLX.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.
Both ETFs have the same 1.38% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GRX.DE and PLX.DE have the same expense ratio: 1.38% per year.
GRX.DE tracks FTSE ATHEX Composite Index, while PLX.DE tracks WIG20 Index.
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