Skip to Content
ETFs

Global X MSCI Greece ETF

GREK
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Dec 7, 2011
Expense Ratio
0.57%
Type
Global Ex. US Equities
Fund Owner
Global X
Volume (1m avg. daily)
$2,145,990
AUM
$180,115,045
Associated Index
MSCI All Greece Select 25/50 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

EUROB
Eurobank Ergasias Services and Holdings S.A. - Registered Shares
11.09%
MYTIL
Mytilineos S.A.
10.43%
ETE
National Bank of Greece
8.06%
BELA
Jumbo S.A.
7.78%
ALPHA
Alpha Services and Holdings S.A.
7.52%
MOH
Motor Oil (Hellas) Corinth Refineries S.A.
5.19%
OPAP
Greek Organisation Of Football Prognostics S.A.
4.88%
HTO
Hellenic Telecommunications Organization S.A.
4.71%
PPC
Public Power Corporation S.A.
4.48%
TPEIR
Piraeus Financial Holdings S.A.
3.97%
Invest with GREK
Trade GREK Options

What is GREK?

The Global X MSCI Greece ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Greece Select 25/50 Index. The MSCI All Greece Select 25/50 Index is designed to represent the performance of the broad Greece equity universe, while including a minimum number of constituents. The Broad Greece Equity Universe includes securities that are classified in Greece according to the MSCI Global Investable Market Index Methodology, together with companies that are headquartered or listed in Greece and carry out the majority of their operations in Greece. Further, the Index only includes securities with a minimum liquidity threshold of USD 25,000,000 average daily traded value, subject to 15 constituents being included in the Index. If not, securities are added in the decreasing order of average daily traded value until 15 securities are selected. The index targets a minimum of 15 securities at construction.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

GREK
Performance Measures**

for the time period Dec 8, 2011 to Dec 4, 2025

Returns

1M Trailing Return: 6.6%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 4.8%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -79.5%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 36.6%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.32

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.06

The annualized return divided by the max drawdown for the selected time period.

ETFs related toGREK

ETFs correlated to GREK include FEP, AVIV, DFIV

GREK
Global X Funds - Global X MSCI Greece ETF
FEP
First Trust Exchange-Traded Fund III - First Trust Europe AlphaDEX Fund
AVIV
American Century ETF Trust - Avantis International Large Cap Value ETF
DFIV
Dimensional ETF Trust - Dimensional International Value ETF
PXF
Invesco Capital Management LLC - Invesco FTSE RAFI Developed Markets ex-U.S. ETF
VGK
Vanguard Group, Inc. - Vanguard FTSE Europe ETF
IEUR
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Europe ETF
SPEU
SSgA Active Trust - SPDR Portfolio Europe ETF
AVDE
American Century ETF Trust - Avantis International Equity ETF
BBEU
J.P.Morgan Investment Management Inc. - JPMorgan BetaBuilders Europe ETF
EWU
BlackRock Institutional Trust Company N.A. - iShares MSCI United Kingdom ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toGREK

Trade The WorldJK

Category

Global equities, Momentum, Country rotation, ETF, Trend following, Daily rebalance, Long-only

OOS Cumulative Return

16.98%

Create your own algorithmic trading strategy with GREK using Composer

FAQ

GREK is a Global Ex. US Equities ETF. The Global X MSCI Greece ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Greece Select 25/50 Index. The MSCI All Greece Select 25/50 Index is designed to represent the performance of the broad Greece equity universe, while including a minimum number of constituents. The Broad Greece Equity Universe includes securities that are classified in Greece according to the MSCI Global Investable Market Index Methodology, together with companies that are headquartered or listed in Greece and carry out the majority of their operations in Greece. Further, the Index only includes securities with a minimum liquidity threshold of USD 25,000,000 average daily traded value, subject to 15 constituents being included in the Index. If not, securities are added in the decreasing order of average daily traded value until 15 securities are selected. The index targets a minimum of 15 securities at construction.

GREK tracks the MSCI All Greece Select 25/50 Index.

No, GREK is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GREK is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GREK is -0.0769%. This is the percent change in the value of GREK over the most recent 1-month period. The 3-month return on GREK is -0.0361%. This is the percent change in the value of GREK over the most recent 3-month period.

The standard deviation of GREK for the past year is 0.2479%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GREK include EWZ, EWW, and EWT.

ETFs correlated to GREK include FEP, AVIV, and DFIV.

ETFs that are inversely correlated to GREK include EPV, EFZ, and FAZ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.