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.
| Segment | Equity: Greece - Total Market |
| Category | Size and Style |
| Focus | Total Market |
| Niche | Broad-based |
| Strategy | Vanilla |
| Weighting Scheme | Market Cap |
This section compares how balanced and deep this ETF is relative to its peers.
| GREK | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 27 | 799 | 27 |
| % of Assets in Top 10 | 67.50% | 34.30% | 67.50% |
| % of Assets in Top 15 | 82.70% | 41.96% | 82.70% |
| % of Assets in Top 50 | 99.98% | 71.09% | 99.98% |
| GREK | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 0.00% | 46.30% | 0.00% |
| Mid (>2.7B) | 67.42% | 35.47% | 67.42% |
| Small (>600M) | 25.28% | 10.91% | 25.28% |
| Micro (<600M) | 7.27% | 1.83% | 7.27% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| GREK | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.22 | $ 0.41 | $ 0.22 |
| Dividend Date | 2023-06-29 | N/A | N/A |
| Annual Dividend Rate | $ 0.91 | $ 1.06 | $ 0.91 |
| Annual Dividend Yield | 2.69% | 3.64% | 2.69% |
View charts featuring GREK price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: -7.05 M 1 Month Net Flows: -9.12 M 3 Month Net Flows: -1.02 M 6 Month Net Flows: -1.52 M 1 Year Net Flows: 18.62 M 3 Year Net Flows: -28.14 M 5 Year Net Flows: -151.93 M 10 Year Net Flows: 327.46 MView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: -10.65 MThe 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 ETF Database 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| GREK |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -11.98% | -3.68% | -11.98% |
| 3 Month Return | -12.15% | -2.23% | -12.15% |
| YTD Return | 23.17% | 3.78% | 23.17% |
| 1 Year Return | 58.78% | 14.04% | 58.78% |
| 3 Year Return | 20.75% | 2.13% | 20.75% |
| 5 Year Return | 8.41% | 0.93% | 8.41% |
The following charts reflect the geographic spread of GREK's underlying holdings.
| Region | Percentage |
|---|---|
| Europe | 95.8% |
| North, Central and South America | 4.15% |
| Other | 0.03% |
| Country | Percentage |
|---|---|
| Greece | 96.51% |
| Belgium | 3.44% |
| Other | 0.03% |
The following charts reflect the allocation of GREK's underlying holdings.
| Sector | Percentage |
|---|---|
| Finance | 36.25% |
| Utilities | 21.61% |
| Retail Trade | 7.76% |
| Energy Minerals | 7.66% |
| Transportation | 6.65% |
| Consumer Services | 5.02% |
| Industrial Services | 5.02% |
| Communications | 4.73% |
| Non-Energy Minerals | 3.44% |
| Consumer Non-Durables | 1.81% |
| CASH | 0.03% |
| Market Cap | Percentage |
|---|---|
| Mid | 67.42% |
| Small | 25.28% |
| Micro | 7.27% |
| Large | 0.0% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 99.95% |
| CASH | 0.03% |
| American Depositary Receipt | 0.0% |
| Sector | Percentage |
|---|---|
| Finance | 36.25% |
| Utilities | 21.61% |
| Retail Trade | 7.76% |
| Energy Minerals | 7.66% |
| Transportation | 6.65% |
| Consumer Services | 5.02% |
| Industrial Services | 5.02% |
| Communications | 4.73% |
| Non-Energy Minerals | 3.44% |
| Consumer Non-Durables | 1.81% |
| CASH | 0.03% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 23.20% |
| 20 Day Volatility | 25.09% |
| 50 Day Volatility | 20.98% |
| 200 Day Volatility | 23.09% |
| Beta | 1.03 |
| Standard Deviation | 5.09% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
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