GREK
Global X MSCI Greece ETF
Global X MSCI Greece ETF is an exchange traded fund incorporated in USA. The Fund 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.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
298.4 M
ASSETS UNDER MGMT
57 bp
EXPENSES
Fund Basics
| Fund sponsor | Global X Management Co LLC |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 07, 2011 |
| Assets (mns) | $298 |
| Expense ratio | 57 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NATIONAL BANK OF GREECE S.A. | 16.2 % |
| EUROBANK ERGASIAS SA | 12.2 % |
| PIRAEUS BANK S.A. | 10.5 % |
| ALPHA SERVICES A | 9.8 % |
| JUMBO SA | 4.3 % |
| MYTILINEOS HOLDINGS S.A. | 4.3 % |
| PUBLIC POWER CORP | 4.2 % |
| OPAP SA | 3.8 % |
| HELLENIC TELECOMMUNICATIONS ORGANIZATION | 3.7 % |
| MOTOR OIL (HELLAS) SA | 3.5 % |
Constituent Breakdown
| Number of holdings | 29 |
| Herfindahl-Hirschman Index | 756 |
| Wgt avg mkt cap (mns) | $5,819 |
| Large cap (>$10bn) | 27.2% |
| Mid cap ($2-10bn) | 44.8% |
| Small cap (<$2bn) | 18.3% |
| Developed mkts. | 98.8% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
GREECE | 95.8 % |
 |
BELGIUM | 3.0 % |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 56.0% | 40.9% | 24.4% | 36.1% | 25.2% | 7.5% | -- | 2.3% |
| Dividend Yield | 0.0% | 6.1% | 4.1% | 4.5% | 3.6% | 2.7% | -- | 2.0% |
| Total Returns | 56.0% | 47.0% | 28.6% | 40.6% | 28.8% | 10.2% | -- | 4.3% | Ann. Volatility | 26.5% | 23.6% | 21.9% | 23.0% | 25.0% | 31.1% | -- | 37.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.74 | 26% |
| MSCI EAFE | 0.78 | 33% |
| MSCI Emg Mkts | 0.54 | 17% |
Liquidity Measures
| Avg. volume (000) | 74 |
| ADV traded (mns) | $4 |
| Turnover | 1.5% |
| Avg. Bid/Ask (% of price) | 0.41% |
Technical Indicators
| Recent close | $60.34 |
| 30d moving avg. | $59.85 |
| Annualized volatility | 22.2% |
| Relative strength (RSI) | 60 |
| Short interest | 0.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|
Risk and Returns: vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 8/2/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
GREK
11.9%
Cat. Avg
8.2%
ALTAR Score™ Calculation
Category Overview
There are 117 funds in the Emerging Equity category, with an average ALTAR Score™
of 8.2% and a standard deviation of
2.7%. GREK's ALTAR Score™ is approximately
1.4 standard deviations
above
the category average. This places GREK in the 91st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GREKSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| (57 bp) Percentile rank | 59 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GREK | 57.0 | 0.0 | 57 |
| Peer Avg. | 55.9 | 19.8 | 75.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .