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 (GREK) is a Single Country - Emerging fund issued by Global X Funds that currently manages $281 million in assets. Trading at $78.03 per share, the fund holds an overall rank of #219 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 61.4/100. Investors in this vehicle pay an expense ratio of 0.56% while receiving a dividend yield of 2.60%. The fund operates within a category containing 22 ETFs tracked by ETFValuer, placing it near the lower end of the ranking spectrum. Its asset size of $281 million suggests a moderate level of investor adoption relative to larger peers in the sector. The combination of a mid-tier grade and a specific expense ratio defines the cost and quality profile for potential holders. Current pricing and asset levels reflect the fund's standing among the 458 total ETFs monitored by the platform.

Recent price action shows a decline of 0.06% over the last day, followed by a 1.15% gain over the past week. Monthly performance has accelerated significantly, with returns of 5.16% over one month and 7.60% over six months. The fund has posted a year-to-date return of 16.56%, indicating strong momentum in the current calendar year. Over the past year, GREK delivered a return of 29.14%, which contrasts with its closest category peers EWT at +65.35% and FLKR at +108.87% for the same period. The long-term trend demonstrates substantial growth, as the three-year return stands at an impressive 129.11%. This trajectory suggests a pattern where short-term fluctuations are overshadowed by significant multi-year appreciation. The data indicates a divergence between recent short-term gains and the exceptional long-term performance record.

The fund carries a High volatility label and a beta of 0.94, suggesting price movements that are generally aligned with but more erratic than the broader market. A Sharpe ratio of 0.98 indicates that the returns generated have been sufficient to justify the level of risk taken over the measured period. Despite the positive risk-adjusted metrics, the fund experienced a maximum drawdown of -21.32%, highlighting the potential for significant temporary losses during market downturns. The combination of a beta below 1.0 and high volatility implies that while the fund may not always move in lockstep with market direction, its internal price swings are pronounced. Investors face a scenario where substantial gains over three years coexist with the possibility of deep corrections exceeding 20%. This profile requires tolerance for sharp declines even as the fund delivers strong absolute returns over longer horizons.

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

GREK Top Holdings

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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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.

GREK Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 23.78% and average daily volume is 103K/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

How GREK Compares to Other Single Country - Emerging ETFs