GREK — Global X MSCI Greece ETF

GREK Price Performance — Growth of $10,000

Value of a $10,000 investment in GREK over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

GREK Drawdown

The "underwater" chart: GREK's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Global X MSCI Greece ETF is an emerging market single-country fund issued by Global X Funds with $348 million in assets. It holds a B grade and ranks 7th out of 22 peers in its category, placing it 191st among all tracked ETFs. The fund charges an expense ratio of 0.56%, which is slightly below the category median of 0.59%. It offers a dividend yield of 2.52%, trailing the category median of 2.68%. The portfolio is concentrated, with the top ten holdings representing 75.2% of assets and National Bank of Greece S.A. serving as the largest position at 14.8%.

The fund has delivered a 1-year return of 25.16%, significantly outperforming the category median of 7.84%. This long-term strength contrasts with recent weakness, as the fund fell 6.75% over the past month and 3.51% over the last week. The price currently sits at 61.9% of its 52-week range, reflecting a 1-day decline of 1.54%. The rating was upgraded from C to B on October 21, 2026, based on three years of available price history.

With a beta of 0.83, the ETF moves less than the broader market, contributing to a volatility rating of High at 25.40% annualized. The Sharpe ratio of 0.79 indicates moderate risk-adjusted returns relative to the price fluctuations. The maximum drawdown of -21.32% highlights the potential for significant temporary losses during downturns. Liquidity is moderate, with an average daily volume of 51,717 shares supporting trading activity.

AI-generated summary based on the data on this page.

GREK Top Holdings

Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 75.2% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how GREK's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With GREK

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with GREK's top 10 — SGOV overlaps most, holding 1 of the same companies as GREK's top 10 (6.4% of GREK's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

GREK Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 52K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $348M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: GREK is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

GREK Performance History

How GREK Compares to Other Single Country - Emerging ETFs