Global X MSCI Greece ETF (GREK) Performance
GREK total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +18.2% since Dec 31, 2025
- 1 year
- +24.2% total return
- 5 years
- +26.0% a year
- 10 years
- +16.4% a year
- Since first price
- +6.0% a year since 2011
GREK trailing returns vs SPY, QQQ, AGG
| Period | GREK total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.8% | −6.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.7% | +2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +11.6% | +10.8% | +7.8% | +8.4% | −1.5% |
| YTD | +18.2% | +17.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +24.2% | +20.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +155.1%+36.6%/yr | +129.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +218.0%+26.0%/yr | +169.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +358.1%+16.4%/yr | +246.5% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionDec 8, 2011 | +137.7%+6.0%/yr | +74.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GREK vs SPY
From Dec 8, 2011: GREK grew to $23,775, SPY to $79,616.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GREK returns by calendar year
9 of 14 full years positive. Best 2025 (+76.1%), worst 2014 (−40.0%). 2026 is year to date.
GREK annual returns table
| Year | GREK | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +18.2% | −21.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +76.1% | −16.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.5% | −13.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +42.7% | −22.6% | +26.2% | +54.9% | +5.7% |
| 2022 | +3.6% | −30.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +6.1% | −15.0% | +28.7% | +27.4% | −1.8% |
| 2020 | −13.9% | −54.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +50.2% | −15.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −31.2% | −39.6% | −4.6% | −0.1% | +0.1% |
| 2017 | +34.8% | −20.2% | +21.7% | +32.7% | +3.6% |
| 2016 | −0.2% | −29.7% | +12.0% | +7.1% | +2.4% |
| 2015 | −39.7% | −43.6% | +1.2% | +9.4% | +0.5% |
| 2014 | −40.0% | −47.4% | +13.5% | +19.2% | +6.0% |
| 2013 | +24.9% | −33.9% | +32.3% | +36.6% | −2.0% |
| 2012 | +29.1% | −54.4% | +16.0% | +18.1% | +3.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GREK largest drawdowns
Now 11.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 18, 2014 | −79.5% | Mar 18, 2020 | Jul 1, 2025 | 6.0 years | 11.3 years |
| Feb 17, 2012 | −54.4% | Jun 5, 2012 | Jan 23, 2013 | 4 months | 11 months |
| May 17, 2013 | −33.9% | Jun 24, 2013 | Oct 18, 2013 | 38 days | 5 months |
| Feb 6, 2013 | −29.2% | Apr 3, 2013 | May 15, 2013 | 56 days | 3 months |
| Jan 28, 2026 | −21.3% | Mar 30, 2026 | Jun 15, 2026 | 2 months | 5 months |
| Dec 9, 2011 | −14.0% | Jan 10, 2012 | Jan 20, 2012 | 32 days | 42 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
GREK risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2011 |
|---|---|---|---|---|
| Annualized return | +42.2% | +30.2% | +18.1% | +7.1% |
| Volatility (annualized) | 17.7% | 21.3% | 25.5% | 33.4% |
| Sharpe ratio | 1.86 | 1.19 | 0.70 | 0.33 |
| Sortino ratio | 3.74 | 2.09 | 1.08 | 0.49 |
| Best month | +11.9% | +14.2% | +28.8% | +36.9% |
| Worst month | −9.6% | −11.6% | −23.6% | −33.3% |
| Best 12 months | +84.8% | +84.8% | +84.8% | +84.8% |
| Worst 12 months | +6.4% | −19.6% | −38.0% | −56.5% |
| Positive months | 78% | 70% | 65% | 59% |
| Beta vs S&P 500 | 0.47 | 0.67 | 0.96 | — |
| Correlation with S&P 500 | 0.33 | 0.50 | 0.58 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GREK rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 167 | −56.5% | +14.4% | +84.8% | 64% |
| 3-year (a year) | 143 | −31.1% | +3.1% | +50.3% | 54% |
| 5-year (a year) | 119 | −19.7% | +3.4% | +32.4% | 55% |
| 10-year (a year) | 59 | −5.5% | −0.9% | +18.1% | 42% |
Every holding period starting at a month-end since 2011. Returns for 3 years and longer are annualized.
GREK performance overview
Global X MSCI Greece ETF (GREK) returned +24.2% over the past year and +16.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2011 it has returned +6.0% a year, turning $10,000 into about $23,775. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −79.5%, from Mar 18, 2014 to Mar 18, 2020, and it took 5.3 years to get back to the old high. GREK finished 9 of its 14 full calendar years with a gain; the best year was 2025 (+76.1%) and the worst 2014 (−40.0%). Volatility has been 33.4% a year.
Related: GREK chart, GREK holdings, GREK dividends. See the GREK overview for the latest quote and fund facts.
GREK performance FAQ
What is the GREK return over the past year?
GREK returned +24.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 20.7%.
What is the average annual return of GREK?
GREK has returned +26.0% a year over 5 years, +16.4% a year over 10 years, +6.0% a year since December 8, 2011 (total return, distributions reinvested).
How much would $10,000 invested in GREK be worth?
$10,000 invested in GREK at its first recorded close on December 8, 2011 would be worth about $23,775 on October 23, 2026 with distributions reinvested.
What was the worst year for GREK?
The worst calendar year was 2014, with a total return of −40.0%. The best was 2025 at +76.1%.
What is the biggest drawdown of GREK?
The largest peak-to-trough decline was −79.5% between March 18, 2014 and March 18, 2020. It recovered to the old high on July 1, 2025, 5.3 years after the bottom.
How volatile is GREK?
Over the past 3 years GREK had an annualized volatility of 17.7% and a Sharpe ratio of 1.86 (excess return over 1–3 month T-bills per unit of risk).