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GREK
Global X MSCI Greece ETF

Price: $30.00
Change: $0.02 (-0.0%)
Category: Emerging Markets Equities
Last Updated:

Vitals

Investment Themes

Analyst Report

This country-focused fund tracks an index comprised of the top 20 companies that are domiciled in Greece, making it the first ETF to dedicate itself to this nation. GREK, from Global X, has a unique risk/return profile they may attract some while scaring off others, as Greece’s economic history has been relatively unstable.

The ETF focuses the majority of its assets on three sectors, financial services, consumer cyclical, and consumer defensive. Note that the heavy allocation to banks makes this fund especially volatile given the instability of Greek banks during the euro zone crisis. Another noteworthy allocation is the market cap breakdown of the product. GREK has no giant or even large cap holdings; instead, the fund diverts the majority of its assets to small and mid cap firms with some micro cap exposure. GREK will be more volatile as a result because small and mid cap companies tend to exhibit more volatility than their large cap counterparts.

GREK would likely never be an integral part of your portfolio, but it could be effective as a satellite holding. Though the fund comes with a high risk, it also has a handsome upside potential that may fit well for investors who can stomach a bit of volatility.

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $17.24
  • 52 Week Hi $30.08
  • AUM $171.7 M
  • Shares 5.8 M

Historical Trading Data

  • 1 Month Avg. Volume 37,917
  • 3 Month Avg. Volume 35,037

Alternative ETFs in the Emerging Markets Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VWO 0.10% $83.6 B 9 M 9.22%
Largest (AUM) VWO 0.10% $83.6 B 9 M 9.22%
Most Liquid (Volume) EEM 0.70% $32.4 B 39 M 7.47%
Top YTD Performer UAE 0.59% $21.4 M 14,422 27.38%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

29
Number of Holdings
68.45%
% Assets in Top 10
82.69%
% Assets in Top 15
100.00%
% Assets in Top 50
 
View Detailed Analysis
 
Number of Holdings
29
Rank
61 of 65
Low
HEEM (2)
High
VWO (4265)
% Assets in Top 10
68.45%
Rank
62 of 65
Low
EWX (3.94%)
High
HEEM (100.00%)
% Assets in Top 15
82.69%
Rank
4 of 65
Low
EWX (5.37%)
High
HEEM (100.00%)
% Assets in Top 50
100.00%
Rank
7 of 65
Low
EWX (13.58%)
High
EZA (100.02%)

 
View Summary Analysis
 

GREK Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
14.29
Rank
28 of 65
Low
NGE (4.96)
High
EMQQ (39.65)

GREK Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.54
Dividend Date
2020-12-30
Annual Dividend Rate
$0.67

$0.54
Dividend
2020-12-30
Dividend Date
$0.67
Annual Dividend Rate
Annual Dividend Yield
2.23%
Rank
33 of 65
Low
EMQQ (0.18%)
High
DVYE (6.19%)

GREK Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 19.54 K 1 Month Net Flows: -1.23 K 3 Month Net Flows: 12.57 K 6 Month Net Flows: -12.33 M 1 Year Net Flows: -34.87 M 3 Year Net Flows: -201.73 M 5 Year Net Flows: -80.81 M 10 Year Net Flows: 396.65 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for GREK on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Emerging Markets Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

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Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A n/a
Expenses C n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

GREK Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.541%
ETF Wtd. Average
0.19%
Category Average
0.52%
Expense Ratio
0.58%
Rank
34 of 65
Low
VWO (0.10%)
High
EGPT (0.96%)
ESG Themes and Scores

GREK does not have an ESG score. There are no ESG themes that map to this ETF.

GREK Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

2.60%
1 Week Return
2.74%
4 Week Return
12.53%
13 Week Return
21.13%
26 Week Return
17.83%
Year to Date Return
61.67%
1 Year Return
16.43%
3 Year Return
39.51%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
2.60%
Rank
2 of 65
Low
EZA (-3.52%)
High
TUR (5.74%)
4 Week Return
2.74%
Rank
59 of 65
Low
QAT (-0.86%)
High
PIE (10.07%)
13 Week Return
12.53%
Rank
4 of 65
Low
TUR (-12.55%)
High
KSA (14.13%)
26 Week Return
21.13%
Rank
13 of 65
Low
EMQQ (-0.56%)
High
FLZA (27.53%)
Year to Date Return
17.83%
Rank
9 of 65
Low
TUR (-8.62%)
High
UAE (27.38%)
1 Year Return
61.67%
Rank
2 of 65
Low
TUR (12.36%)
High
FLZA (62.51%)
3 Year Return
16.43%
Rank
39 of 57
Low
NGE (-29.56%)
High
FLRU (62.02%)
5 Year Return
39.51%
Rank
35 of 44
Low
NGE (-42.85%)
High
EMQQ (185.17%)

 
View Summary Analysis
 

GREK Price and Volume Chart

Sector Breakdown

Asset Percentage
Share/Common/Ordinary 94.05%
American Depositary Receipt 5.94%
CASH 0.01%
Sector Percentage
Finance 31.42%
Communications 15.86%
Consumer Services 12.64%
Utilities 11.61%
Non-Energy Minerals 8.27%
Energy Minerals 6.93%
Industrial Services 4.45%
Retail Trade 4.37%
Transportation 2.54%
Consumer Non-Durables 1.9%
CASH 0.01%
Market Cap Percentage
Small 48.65%
Mid 42.53%
Micro 8.82%
Large 0.0%
Region Percentage
Europe 93.14%
North, Central and South America 6.85%
Other 0.01%
Region Percentage
Country Percentage
Greece 96.25%
Belgium 3.74%
Other 0.01%
 
View Less Charts
 
Asset Percentage
Share/Common/Ordinary 94.05%
American Depositary Receipt 5.94%
CASH 0.01%
 
View More Charts
 

GREK Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

 
View Detailed Analysis
 
5 Day Volatility
62.63%
Rank
32 of 65
Low
JPEM (3.13%)
High
RSXJ (300.60%)
20 Day Volatility
23.09%
Rank
3 of 65
Low
DVYE (8.79%)
High
FEMS (30.36%)
50 Day Volatility
21.28%
Rank
9 of 65
Low
EMFM (10.22%)
High
EMQQ (27.59%)
200 Day Volatility
21.82%
Rank
12 of 65
Low
EMFM (12.60%)
High
TUR (43.19%)
Beta
1.3
Rank
1 of 65
Low
QAT (0.57)
High
GREK (1.3)
Standard Deviation
3.59%
Rank
29 of 65
Low
QAT (1.00%)
High
EMQQ (8.22%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $28.88
  • 60 Day MA $28.05
  • MACD 15 Period 1.12
  • MACD 100 Period 3.26
  • Williams % Range 10 Day 4.44
  • Williams % Range 20 Day 3.01
  • RSI 10 Day 69
  • RSI 20 Day 63
  • RSI 30 Day 62
  • Ultimate Oscillator 74

Bollinger Brands

  • Lower Bollinger (10 Day) $28.24
  • Upper Bollinger (10 Day) $30.16
  • Lower Bollinger (20 Day) $27.67
  • Upper Bollinger (20 Day) $30.00
  • Lower Bollinger (30 Day) $27.75
  • Upper Bollinger (30 Day) $29.77

Support & Resistance

  • Support Level 1 $29.79
  • Support Level 2 $29.58
  • Resistance Level 1 $30.13
  • Resistance Level 2 $30.26

Stochastic

  • Stochastic Oscillator %D (1 Day) 78.47
  • Stochastic Oscillator %D (5 Day) 91.46
  • Stochastic Oscillator %K (1 Day) 74.00
  • Stochastic Oscillator %K (5 Day) 87.92

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Download the fact sheet PDF

Disclosures

Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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