GREK
Global X MSCI Greece ETF

Price: $28.70
Change: $0.42 (0.01%)
Last Updated:

Vitals

Brand Global X
Structure ETF
Expense Ratio 0.58%
ETF Home Page Home page
Inception Dec 07, 2011

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.

ETF Database Themes

Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Blend
Sector (General) Financials
Sector (Specific) Broad
Region (General) Developed Europe
Region (Specific) Greece

FactSet Classifications

  • Segment Equity: Greece - Total Market
  • Category Size and Style
  • Focus Total Market
  • Niche Broad-based
  • Strategy Vanilla
  • Weighting Scheme Market Cap

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 $153.4 M
  • Shares 5.4 M

Historical Trading Data

  • 1 Month Avg. Volume 29,217
  • 3 Month Avg. Volume 28,605

Alternative ETFs in the ETF Database Emerging Markets Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VWO 0.10% $82.6 B 11 M 6.08%
Largest (AUM) VWO 0.10% $82.6 B 11 M 6.08%
Most Liquid (Volume) EEM 0.70% $30.9 B 38 M 2.03%
Top YTD Performer FLRU 0.19% $23.5 M 4,162 46.40%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

GREK ETF Database Category Average FactSet Segment Average
Number of Holdings 28 464 28
% of Assets in Top 10 67.59% 34.28% 67.59%
% of Assets in Top 15 82.40% 41.96% 82.40%
% of Assets in Top 50 100.00% 67.90% 100.00%

Size Comparison

GREK ETF Database Category Average FactSet Segment Average
Large (>12.9B) 0.00% 52.30% 0.00%
Mid (>2.7B) 53.18% 31.63% 53.18%
Small (>600M) 41.22% 12.36% 41.22%
Micro (<600M) 5.60% 2.26% 5.60%

GREK Valuation

This section compares the P/E ratio of this ETF to its peers.

GREK
P/E Ratio
10.03
ETF Database Category Average
P/E Ratio
15.00
FactSet Segment Average
P/E Ratio
10.03

GREK Dividend

This section compares the dividend yield of this ETF to its peers.

GREK ETF Database Category Average FactSet Segment Average
Dividend $ 0.54 $ 0.41 $ 0.54
Dividend Date 2020-12-30 N/A N/A
Annual Dividend Rate $ 0.54 $ 0.90 $ 0.54
Annual Dividend Yield 1.89% 2.56% 1.89%

GREK Price and Volume Chart

GREK Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 35.26 K 1 Month Net Flows: -1.97 M 3 Month Net Flows: -11.06 M 6 Month Net Flows: -11.08 M 1 Year Net Flows: -19.68 M 3 Year Net Flows: -127.05 M 5 Year Net Flows: -98.53 M 10 Year Net Flows: 385.58 M

GREK Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

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 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.

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 its peers.

Expenses Ratio Analysis

GREK
Expense Ratio
0.58%
ETF Database Category Average
Expense Ratio
0.50%
FactSet Segment Average
Expense Ratio
0.58%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
7.5/10
ESG Score
77.99%
Global Percentile
97.15%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      2.92%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      577.78
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      2.92%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      11.49%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

GREK Performance

This section shows how this ETF has performed relative to its peers.

GREK ETF Database
Category Average
Factset Segment
Average
1 Month Return 1.77% 2.99% 1.77%
3 Month Return 7.87% 1.87% 7.87%
YTD Return 12.73% 9.14% 12.73%
1 Year Return 48.17% 25.14% 48.17%
3 Year Return 37.00% 33.34% 37.00%
5 Year Return 43.84% 31.32% 43.84%

Geographic Exposure

The following charts reflect the geographic spread of GREK's underlying holdings.

Region Percentage
Europe 93.74%
North, Central and South America 6.12%
Other 0.14%
Country Percentage
Greece 96.39%
Belgium 3.47%
Other 0.14%

Holdings Analysis

The following charts reflect the allocation of GREK's underlying holdings.

Sector Percentage
Finance 33.78%
Utilities 15.87%
Communications 14.95%
Consumer Services 11.27%
Energy Minerals 7.25%
Industrial Services 5.18%
Retail Trade 4.41%
Non-Energy Minerals 3.47%
Consumer Non-Durables 2.07%
Transportation 1.61%
CASH 0.14%
Market Cap Percentage
Mid 53.18%
Small 41.22%
Micro 5.6%
Large 0.0%
Region Percentage
Asset Percentage
Share/Common/Ordinary 93.74%
American Depositary Receipt 6.12%
CASH 0.14%
Sector Percentage
Finance 33.78%
Utilities 15.87%
Communications 14.95%
Consumer Services 11.27%
Energy Minerals 7.25%
Industrial Services 5.18%
Retail Trade 4.41%
Non-Energy Minerals 3.47%
Consumer Non-Durables 2.07%
Transportation 1.61%
CASH 0.14%

GREK Technicals

Volatility Analysis

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

5 Day Volatility
13.79%
Rank
65 of 69

20 Day Volatility
18.24%
Rank
9 of 69

50 Day Volatility
15.98%
Rank
35 of 69

200 Day Volatility
18.28%
Rank
14 of 69

Beta
1.28
Rank
1 of 68

Standard Deviation
2.81%
Rank
21 of 66

Technicals

  • 20 Day MA $27.70
  • 60 Day MA $28.05
  • MACD 15 Period 0.90
  • MACD 100 Period 0.61
  • Williams % Range 10 Day 3.94
  • Williams % Range 20 Day 2.69
  • RSI 10 Day 68
  • RSI 20 Day 58
  • RSI 30 Day 55
  • Ultimate Oscillator 67

Bollinger Bands

  • Lower Bollinger (10 Day) $27.36
  • Upper Bollinger (10 Day) $28.53
  • Lower Bollinger (20 Day) $26.95
  • Upper Bollinger (20 Day) $28.45
  • Lower Bollinger (30 Day) $26.99
  • Upper Bollinger (30 Day) $28.87

Support & Resistance

  • Support Level 1 $28.45
  • Support Level 2 $28.20
  • Resistance Level 1 $28.85
  • Resistance Level 2 $29.00

Stochastic

  • Stochastic Oscillator %D (1 Day) 68.30
  • Stochastic Oscillator %D (5 Day) 83.32
  • Stochastic Oscillator %K (1 Day) 60.85
  • Stochastic Oscillator %K (5 Day) 71.44

Financial Advisor Report

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 Sheet

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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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

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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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