IMRX vs. GREK

Last updated Jun 13, 2026

IMRX (Immuneering Corporation) is a stock, while GREK (Global X MSCI Greece ETF) is Emerging Markets Equities fund tracking the MSCI All Greece Select 25-50. Over the past 3 years, IMRX returned -24.01%/yr vs 32.67%/yr for GREK. At a 0.15 correlation, their price movements are largely independent.

Performance

IMRX vs. GREK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Immuneering Corporation (IMRX) and Global X MSCI Greece ETF (GREK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IMRX achieves a -36.32% return, which is significantly lower than GREK's 15.45% return.

IMRX

• 1D: 1.70%
• 1M: -22.12%
• YTD: -36.32%
• 6M: -31.09%
• 1Y: 113.78%
• 3Y*: -24.01%
• 5Y*: —
• 10Y*: —

GREK

• 1D: 0.87%
• 1M: 5.63%
• YTD: 15.45%
• 6M: 15.54%
• 1Y: 38.63%
• 3Y*: 32.67%
• 5Y*: 24.30%
• 10Y*: 16.01%

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

IMRX vs. GREK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
IMRX Immuneering Corporation	-36.32%	199.09%	-70.07%	51.55%	-70.01%	-17.08%
GREK Global X MSCI Greece ETF	15.45%	76.11%	9.53%	42.72%	3.64%	-1.81%

Correlation

The correlation between IMRX and GREK is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jul 30, 2021	0.15

The correlation between IMRX and GREK shifts across timeframes, from 0.04 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.

Return for Risk

IMRX vs. GREK — Risk / Return Rank

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

IMRX

IMRX Risk / Return Rank: 75
IMRX Sharpe Ratio Rank: 72
IMRX Sortino Ratio Rank: 78
IMRX Omega Ratio Rank: 81
IMRX Calmar Ratio Rank: 76
IMRX Martin Ratio Rank: 70

GREK

GREK Risk / Return Rank: 49
GREK Sharpe Ratio Rank: 54
GREK Sortino Ratio Rank: 57
GREK Omega Ratio Rank: 51
GREK Calmar Ratio Rank: 41
GREK Martin Ratio Rank: 40

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.

IMRX vs. GREK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Immuneering Corporation (IMRX) and Global X MSCI Greece ETF (GREK). 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.

	IMRX	GREK	Difference
Sharpe ratio: Return per unit of total volatility	0.92	1.59	-0.67
Sortino ratio: Return per unit of downside risk	2.05	2.38	-0.33
Omega ratio: Gain probability vs. loss probability	1.29	1.28	+0.01
Calmar ratio: Return relative to maximum drawdown	1.98	1.82	+0.16
Martin ratio: Return relative to average drawdown	3.30	5.62	-2.32

IMRX vs. GREK - Sharpe Ratio Comparison

The current IMRX Sharpe Ratio is 0.92, which is lower than the GREK Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of IMRX and GREK, 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

IMRX vs. GREK - Drawdown Comparison

The maximum IMRX drawdown since its inception was -96.86%, which is greater than GREK's maximum drawdown of -79.50%. Use the drawdown chart below to compare losses from any high point for IMRX and GREK.

Drawdown Indicators

	IMRX	GREK	Difference
Max Drawdown Largest peak-to-trough decline	-96.86%	-79.50%	-17.36%
Max Drawdown (1Y) Largest decline over 1 year	-57.67%	-21.32%	-36.35%
Max Drawdown (3Y) Largest decline over 3 years	-90.98%	-22.63%	-68.35%
Max Drawdown (5Y) Largest decline over 5 years	—	-30.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-57.04%	—
Current Drawdown Current decline from peak	-87.24%	-1.44%	-85.80%
Average Drawdown Average peak-to-trough decline	-77.61%	-45.25%	-32.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.56%	6.90%	+27.66%

Volatility

IMRX vs. GREK - Volatility Comparison

Immuneering Corporation (IMRX) has a higher volatility of 33.75% compared to Global X MSCI Greece ETF (GREK) at 8.69%. This indicates that IMRX's price experiences larger fluctuations and is considered to be riskier than GREK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IMRX	GREK	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.75%	8.69%	+25.06%
Volatility (6M) Calculated over the trailing 6-month period	79.00%	20.65%	+58.35%
Volatility (1Y) Calculated over the trailing 1-year period	124.22%	24.35%	+99.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	114.45%	24.44%	+90.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	114.45%	29.71%	+84.74%

Dividends

IMRX vs. GREK - Dividend Comparison

IMRX has not paid dividends to shareholders, while GREK's dividend yield for the trailing twelve months is around 3.00%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GREK Global X MSCI Greece ETF	3.00%	3.46%	4.63%	2.61%	2.82%	2.16%	2.62%	2.25%	2.41%	2.13%	1.95%	1.52%
IMRX Immuneering Corporation	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

Can I hold both IMRX and GREK in my portfolio?

IMRX and GREK have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IMRX or GREK?

IMRX has higher volatility (33.75%) compared to GREK (8.69%). In terms of maximum drawdown, IMRX dropped -96.86% vs GREK's -79.50%.

Which has better risk-adjusted returns?

GREK currently has the higher Sharpe Ratio (1.59 vs 0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.