ETF Evaluator:
Global X MSCI Greece ETF (GREK)
Follow This ETF
(as of Jul 31)
Best Performing in Focused Region Over the Last Year
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Risk
Index
Risk
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ETF Details
Global X MSCI Greece ETF Overview
Global X MSCI Greece ETF (GREK) is a passively managed International Equity Focused Region exchange-traded fund (ETF). Global X Funds launched the ETF in 2011.
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Greece Select 25/50 Index.
The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to represent the performance of the broad Greece equity universe. The fund is non-diversified.
About Global X MSCI Greece ETF (GREK)
There are 4 members of the management team with an average tenure of 6.38 years: Nam To (2018), Wayne Xie (2019), Vanessa Yang (2020) and Sandy Lu (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI All Greece Select 25-50 NR USD index with a weighting of 100% and MSCI EM NR USD index with a weighting of 100%. Global X MSCI Greece ETF has 34 securities in its portfolio. The top 10 holdings constitute 70.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Global X MSCI Greece ETF is part of the Equity global asset class and is within the International Equity ETF group. Global X MSCI Greece ETF has 99.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 99.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Global X MSCI Greece ETF has 0.9% of the portfolio in cash.
Assets Under Management
The fund has $280 million in total assets, which is below the $1 billion average for the Focused Region category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GREK Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Global X MSCI Greece ETF expense ratio is average compared to funds in the Focused Region category. Global X MSCI Greece ETF has an expense ratio of 0.56%, which is 8% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Global X MSCI Greece ETF has a portfolio turnover rate of 28%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 26% for the Focused Region category.
Recently, in the month of June 2026, Global X MSCI Greece ETF returned 1.0%, which earned it a grade of A, as the Focused Region category had an average return of -2.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Global X MSCI Greece ETF has a trailing yield of 2.60%, which is below the 5.65% category average.
The fund normally distributes its income semi-annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Global X MSCI Greece ETF Grades
Year to date, the ETF has returned 14.7%, 5.6 percentage points better than the category, which translates into a grade of A. The fund has returned 33.6% over the past year (grade of A), 31.4% over the past three years (grade of A) and 26.0% per year over the past five years (grade of A) and 17.0% per year over the past 10 years (grade of A).
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GREK Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GREK Return (NAV) | 1.0% | 19.0% | 33.6% | 31.4% | 26.0% | 17.0% |
| GREK Return (Price) | 2.3% | 19.1% | 33.8% | 31.4% | 26.2% | 16.5% |
| NAV +/- Price Return | -1.271% | -0.105% | -0.208% | 0.028% | -0.126% | 0.520% |
| Focused Region Avg | -2.1% | 5.8% | 27.1% | 86.8% | 8.6% | 8.7% |
| GREK Grade (NAV) | A | A | A | A | A | A |
| +/- Category (NAV) | 3.1% | 13.2% | 6.5% | -55.5% | 17.4% | 8.3% |
| GREK Tax-Cost Ratio | na | na | 0.8% | 1.0% | 1.1% | 1.0% |
GREK Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GREK Return (NAV) | 14.7% | 75.1% | 9.7% | 43.5% | 3.0% | 5.7% | -13.3% | 49.3% | -29.9% | 32.2% | -1.2% |
| GREK Return (Price) | 15.4% | 76.1% | 9.5% | 42.7% | 3.6% | 6.2% | -13.9% | 50.2% | -31.2% | 34.8% | -0.2% |
| NAV +/- Price Ret | 0.050% | 0.013% | -0.022% | -0.018% | 0.219% | 0.087% | 0.049% | 1.8% | 4.5% | 8.1% | -82.4% |
| Focused Region Avg | 9.1% | 40.1% | 7.5% | 33.4% | -15.0% | 8.3% | 3.6% | 20.0% | -13.7% | 26.4% | 13.0% |
| GREK Grade (NAV) | A | A | B | A | A | C | F | A | F | B | D |
| +/- Category | 5.6% | 35.0% | 2.2% | 10.1% | 17.9% | -2.6% | -16.8% | 29.3% | -16.2% | 5.8% | -14.2% |
| Risk Measures | |
| Beta: | 0.94 |
| R-Squared: | 44% |
| Standard Deviation: | 19.7% |
| Category Risk Index: | 0.25 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.62 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 2.6% |
| Total Assets: | $ 281 Mil |
| Share Class Assets: | $ 281 Mil |
| Turnover: | 29.0% |
| Expense Ratio: | 0.56% |
| Index Fund: | Yes |
| Index Tracked: | MSCI All Greece Select 25-50 NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Semi-Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 8.3 years | |||
| Average Tenure: 6.4 years | |||
| Managers (Year): To Nam (2018), Xie Wayne (2019), Yang Vanessa (2020), Lu Sandy (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 34 |
| % in Top 10 Holdings: | 70.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 99.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 99.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Global X Funds |
| Phone Number: | 888-493-8631 |
| Website: | www.globalxfunds.com |
| Inception Date: | December 7, 2011 |
Expenses and Fees
| Expense Ratio (%): | 0.56% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.52% |
