GREK — Global X MSCI Greece ETF
Single Country - Emerging Ranked #288 of 458 tracked ETFs · Issued by Global X Funds
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.
What If You'd Invested in GREK?
See what a lump sum in GREK would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The Global X MSCI Greece ETF (GREK) is a Single Country - Emerging fund issued by Global X Funds that tracks one of 22 ETFs in its specific category. Currently trading at $75.28 with $281 million in assets under management, the fund holds an overall rank of #288 out of 458 tracked ETFs across all categories. It has received an ETFValuer grade of C, reflecting a score of 57.1 out of 100. Investors in this fund face an annual expense ratio of 0.56% while receiving a dividend yield of 2.60%. The current asset size and price point suggest a moderate level of investor adoption relative to the broader universe of tracked funds. This positioning places the ETF in the middle tier of performance evaluations despite its specific focus on the Greek market.
Recent price action shows a decline of 2.44% over the last day and a further drop of 0.66% over the past week. The one-month return stands at -0.26%, indicating a brief period of stagnation before the trend shifted upward. Over the last three months, the fund posted a gain of 8.34%, which accelerated into a 6-month return of 7.21%. Year-to-date performance has been strong with a 12.45% increase, while the one-year return reached 26.05%. The long-term trajectory is particularly notable, as the three-year return has surged to 114.98%, demonstrating significant growth over the extended period.
This ETF carries a High volatility label and a beta of 0.94, suggesting price movements that are generally aligned with the broader market but with amplified fluctuations. The Sharpe ratio of 0.85 indicates a moderate risk-adjusted return profile relative to the volatility experienced. A maximum drawdown of -22.63% highlights the potential for substantial temporary losses during market downturns. The combination of high volatility and a beta near unity implies the fund can experience sharp swings in both directions. While the Sharpe ratio suggests some compensation for this risk, the deep drawdown underscores the significant downside exposure inherent in this single-country emerging market strategy.
AI-generated summary based on the data on this page.
GREK Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | NATIONAL BANK OF GREECE S.A. | 14.87% | $38M |
| 2 | Eurobank S.A. | 11.51% | $29M |
| 3 | Piraeus Bank SA | 10.65% | $27M |
| 4 | ALPHA BANK S.A. | 6.53% | $17M |
| 5 | HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A. | 4.55% | $12M |
| 6 | GEK TERNA S.A. | 4.47% | $11M |
| 7 | METLEN ENERGY & METALS PLC | 4.46% | $11M |
| 8 | PUBLIC POWER CORPORATION S.A. | 4.43% | $11M |
| 9 | MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. | 4.38% | $11M |
| 10 | JUMBO S.A. | 3.84% | $10M |
Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 69.7% 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.
Market Backdrop
10-Year Treasury Yield: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What GREK's Fees Cost You
GREK charges an expense ratio of 0.56% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
GREK Dividend Income Estimator
GREK currently yields 2.60%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
GREK Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.13% and average daily volume is 101K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $281M 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
| Period | Return |
|---|---|
| 1-Day | -2.44% |
| 1-Week | -0.66% |
| 1-Month | -0.26% |
| 3-Month | +8.34% |
| 6-Month | +7.21% |
| YTD | +12.45% |
| 1-Year | +26.05% |
| 3-Year | +114.98% |
How GREK Compares to Other Single Country - Emerging ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #54 | B |
FLKR | Franklin FTSE South Korea ETF | +139.48% | 0.09% | $1.33B |
| #60 | B |
EWY | iShares MSCI South Korea ETF | +143.88% | 0.59% | $24.5B |
| #66 | B |
EWT | iShares MSCI Taiwan ETF | +77.84% | 0.59% | $11.2B |
| #101 | B |
EPU | iShares MSCI Peru ETF | +76.49% | 0.59% | $524M |
| #209 | C |
EWZ | iShares MSCI Brazil ETF | +39.98% | 0.59% | $9.07B |
| #215 | C |
EPOL | iShares MSCI Poland ETF | +28.96% | 0.59% | $679M |
| #287 | C |
EWW | iShares MSCI Mexico ETF | +31.40% | 0.5% | $1.84B |
| #288 | C |
GREK | Global X MSCI Greece ETF | +26.05% | 0.56% | $281M |
| #308 | C |
EWM | iShares MSCI Malaysia ETF | +20.21% | 0.5% | $324M |
| #339 | C |
ECH | iShares MSCI Chile ETF | +29.55% | 0.59% | $1.03B |
| #342 | C |
THD | iShares MSCI Thailand ETF | +34.54% | 0.59% | $356M |
| #388 | D |
ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | +22.04% | 0.65% | $1.64B |
| #396 | D |
EZA | iShares MSCI South Africa ETF | +16.85% | 0.59% | $544M |
| #427 | D |
KSA | iShares MSCI Saudi Arabia ETF | +1.69% | 0.75% | $650M |
| #434 | D |
VNM | VanEck Vietnam ETF | +5.53% | 0.66% | $565M |
| #435 | D |
MCHI | iShares MSCI China ETF | -7.35% | 0.59% | $5.89B |
| #438 | F |
INDA | iShares MSCI India ETF | -12.78% | 0.61% | $6.87B |
| #442 | F |
GXC | State Street SPDR S&P China ETF | -3.04% | 0.59% | $435M |
| #443 | F |
FXI | iShares China Large-Cap ETF | -9.41% | 0.73% | $4.52B |
| #451 | F |
INDY | iShares India 50 ETF | -14.24% | 0.65% | $558M |
| #455 | F |
KWEB | KraneShares CSI China Internet ETF | -23.45% | 0.7% | $4.91B |
| #456 | F |
EIDO | iShares MSCI Indonesia ETF | -27.36% | 0.59% | $401M |