GRX.DE vs. WTEE.DE

Last updated Jul 18, 2026

GRX.DE (Expat Greece ASE UCITS ETF) and WTEE.DE (WisdomTree Europe Equity Income UCITS ETF) are both Europe Equities funds - GRX.DE tracks the FTSE ATHEX Composite Index while WTEE.DE tracks the WisdomTree Europe Equity Income. Both are passively managed. Over the past 5 years, GRX.DE returned 18.91%/yr vs 13.32%/yr for WTEE.DE. At a 0.34 correlation, their price movements are largely independent. GRX.DE charges 1.38%/yr vs 0.29%/yr for WTEE.DE.

Performance

GRX.DE vs. WTEE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Expat Greece ASE UCITS ETF (GRX.DE) and WisdomTree Europe Equity Income UCITS ETF (WTEE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GRX.DE achieves a 16.00% return, which is significantly lower than WTEE.DE's 17.40% return.

GRX.DE

• 1D: -1.46%
• 1M: -0.98%
• 6M: 9.14%
• YTD: 16.00%
• 1Y: 25.31%
• 3Y*: 23.03%
• 5Y*: 18.91%
• 10Y*: —

WTEE.DE

• 1D: 0.56%
• 1M: 1.67%
• 6M: 14.19%
• YTD: 17.40%
• 1Y: 29.68%
• 3Y*: 18.25%
• 5Y*: 13.32%
• 10Y*: 8.85%

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

GRX.DE vs. WTEE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GRX.DE Expat Greece ASE UCITS ETF	16.00%	44.63%	13.08%	38.74%	-12.12%	9.54%	-18.16%	38.85%	-28.42%
WTEE.DE WisdomTree Europe Equity Income UCITS ETF	17.40%	28.57%	2.22%	15.07%	-0.07%	18.86%	-18.42%	21.73%	-5.23%

Correlation

The correlation between GRX.DE and WTEE.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018	0.34

Return for Risk

GRX.DE vs. WTEE.DE — Risk / Return Rank

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

GRX.DE

GRX.DE Risk / Return Rank: 43
GRX.DE Sharpe Ratio Rank: 46
GRX.DE Sortino Ratio Rank: 45
GRX.DE Omega Ratio Rank: 49
GRX.DE Calmar Ratio Rank: 37
GRX.DE Martin Ratio Rank: 37

WTEE.DE

WTEE.DE Risk / Return Rank: 92
WTEE.DE Sharpe Ratio Rank: 93
WTEE.DE Sortino Ratio Rank: 92
WTEE.DE Omega Ratio Rank: 91
WTEE.DE Calmar Ratio Rank: 91
WTEE.DE Martin Ratio Rank: 91

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.

GRX.DE vs. WTEE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Expat Greece ASE UCITS ETF (GRX.DE) and WisdomTree Europe Equity Income UCITS ETF (WTEE.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	WTEE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.23	2.64	-1.40
Sortino ratio: Return per unit of downside risk	1.77	3.56	-1.80
Omega ratio: Gain probability vs. loss probability	1.24	1.47	-0.23
Calmar ratio: Return relative to maximum drawdown	1.47	4.38	-2.90
Martin ratio: Return relative to average drawdown	4.35	16.27	-11.93

GRX.DE vs. WTEE.DE - Sharpe Ratio Comparison

The current GRX.DE Sharpe Ratio is 1.23, which is lower than the WTEE.DE Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of GRX.DE and WTEE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GRX.DE vs. WTEE.DE - Drawdown Comparison

The maximum GRX.DE drawdown since its inception was -44.54%, which is greater than WTEE.DE's maximum drawdown of -39.64%. Use the drawdown chart below to compare losses from any high point for GRX.DE and WTEE.DE.

Drawdown Indicators

	GRX.DE	WTEE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-44.54%	-39.64%	-4.90%
Max Drawdown (1Y) Largest decline over 1 year	-17.09%	-6.75%	-10.34%
Max Drawdown (3Y) Largest decline over 3 years	-18.19%	-14.11%	-4.08%
Max Drawdown (5Y) Largest decline over 5 years	-27.66%	-16.50%	-11.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.64%	—
Current Drawdown Current decline from peak	-3.79%	0.00%	-3.79%
Average Drawdown Average peak-to-trough decline	-12.60%	-7.00%	-5.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.81%	1.82%	+3.99%

Volatility

GRX.DE vs. WTEE.DE - Volatility Comparison

Expat Greece ASE UCITS ETF (GRX.DE) has a higher volatility of 4.42% compared to WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) at 2.88%. This indicates that GRX.DE's price experiences larger fluctuations and is considered to be riskier than WTEE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRX.DE	WTEE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	2.88%	+1.54%
Volatility (6M) Calculated over the trailing 6-month period	17.22%	9.15%	+8.07%
Volatility (1Y) Calculated over the trailing 1-year period	20.45%	11.24%	+9.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.26%	13.81%	+6.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.53%	15.59%	+5.94%

GRX.DE vs. WTEE.DE - Expense Ratio Comparison

GRX.DE has a 1.38% expense ratio, which is higher than WTEE.DE's 0.29% expense ratio.

Dividends

GRX.DE vs. WTEE.DE - Dividend Comparison

GRX.DE has not paid dividends to shareholders, while WTEE.DE's dividend yield for the trailing twelve months is around 5.09%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
WTEE.DE WisdomTree Europe Equity Income UCITS ETF	5.09%	5.36%	6.80%	5.61%	5.35%	4.63%	3.98%	4.51%	4.80%	4.03%	1.35%	4.53%

Frequently Asked Questions

Can I hold both GRX.DE and WTEE.DE in my portfolio?

GRX.DE and WTEE.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GRX.DE or WTEE.DE?

On fees, WTEE.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GRX.DE or WTEE.DE?

WTEE.DE is cheaper with a 0.29% expense ratio, compared with 1.38% for GRX.DE.

What is the main difference between GRX.DE and WTEE.DE?

GRX.DE tracks FTSE ATHEX Composite Index, while WTEE.DE tracks WisdomTree Europe Equity Income. They also come from different issuers: Expat and WisdomTree. Their fees differ too: 1.38% for GRX.DE and 0.29% for WTEE.DE.