GREK ETF Explained: Returns, Expense Ratio, Holdings and Alternative ETFs
The Global X MSCI Greece ETF (GREK) is a single-country fund that tracks the MSCI All Greece Select 25/50 Index. Key points to check are high stock concentration, regional volatility, fees and dividends, and comparing it with European ETFs such as EWG and VGK, along with its outlook, should guide your selection.
SubscribeWhat Is the Global X MSCI Greece ETF?
This single-country ETF tracks the MSCI All Greece Select 25/50 Index, holding companies listed on the Greek stock market and related depositary receipts in proportion to their market capitalization. Because it is non-diversified, its exposure is concentrated in a small number of large-cap stocks.
It suits aggressive investors who want to make a concentrated bet on the Greek economy and Europe's peripheral markets and can tolerate high volatility.
It is a passive (index-tracking) ETF managed by Global X.
How Does the Global X MSCI Greece ETF Invest?
| Item | Details |
|---|---|
| Tracking Index | MSCI All Greece Select 25/50 |
| Management Style | Passive (index-tracking) |
| Rebalancing Frequency | Semiannual (per index policy) |
| Dividend Frequency | Semiannual |
| Issuer | Global X |
| Total Expense Ratio | 0.56% |
The fund holds the constituents of the MSCI All Greece Select 25/50 Index at their index weights to track the overall performance of the Greek stock market. In addition to directly listed stocks, it also uses US and global depositary receipts (ADRs and GDRs). Because it is a non-diversified, single-country fund, the weights of its top holdings remain high.
- A US-listed, single-country Greece ETF with high accessibility
- Non-diversified structure with concentrated exposure to Greece's leading large-cap stocks
Global X MSCI Greece ETF Size and Costs (AUM and Expense Ratio)
Assets under management (AUM) are $333.8M, and the total expense ratio is 0.56% per year.
Compared with other single-country and regional ETFs, it shows greater volatility specific to the Greek market, and its trading liquidity tends to be more limited than that of broad developed-market ETFs.
Global X MSCI Greece ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeThe Greek stock market is highly volatile because it reacts sensitively to the macro environment, the European economy and trends in the financial sector. Given its single-country exposure, it tends to show more pronounced swings than broad regional ETFs.
As a single-country concentrated product, its fund flows alternate between inflows and outflows depending on confidence in the Greek macro outlook and European market sentiment, and investor sentiment toward emerging and peripheral markets affects overall supply and demand.
Global X MSCI Greece ETF Pros and Cons
Its strength is that it offers a clear way to bet on a single country, the Greek stock market, while its weaknesses are high stock concentration and regional volatility.
💪 Key Strengths
⚠️ Points to Watch
Global X MSCI Greece ETF Alternative ETFs and Related Products
EWG, EWP, EWL, EWU and EWC shown in the table are all single-country MSCI ETFs managed by iShares, offering exposure to the German, Spanish, Swiss, British and Canadian markets, respectively, instead of Greece. Since Greece ETF choices are limited, you can also consider alternatives such as VGK, a broad European ETF, to widen diversification across Europe, or EEM to expand into emerging and peripheral markets.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 EWC | iShares MSCI Canada ETF | $60.62 | -1.5% | $7.7B | 0.50% | 1.24% | +19.6% |
 EWU | iShares MSCI United Kingdom ETF | $47.83 | +0.3% | $3.7B | 0.50% | 3.13% | +11.9% |
 EWL | iShares MSCI Switzerland ETF | $64.37 | +0.4% | $3.0B | 0.50% | 1.69% | +15.8% |
 EWP | iShares MSCI Spain ETF | $56.33 | -1.2% | $2.0B | 0.50% | 2.95% | +12.0% |
 EWG | iShares MSCI Germany ETF | $41.88 | -1.3% | $1.6B | 0.49% | 1.99% | +2.1% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 NBHC | National Bank Holdings Corp | 0.15% | $37.43 | -0.3% | $1.7B | 29.7 | 3.43% |
 NKSH | National Bankshares Inc | 0.15% | $40.18 | -1.9% | $256.0M | 12.0 | 3.81% |
 USLM | United States Lime & Minerals Inc | 0.06% | $111.61 | -2.0% | $3.2B | 23.9 | 0.22% |
 TACH | Titan Acquisition Corp | 0.03% | $10.56 | +0.0% | $364.3M | 42.4 | - |
 TTAM | Titan America SA | 0.03% | $13.87 | -1.1% | $2.6B | 14.4 | 0.84% |
 TEN | Tsakos Energy Navigation Limited | 0.03% | $53.85 | -1.2% | $1.6B | 5.5 | 3.97% |
 CCEC | Capital Clean Energy Carriers Corp | 0.01% | $21.70 | +10.0% | $1.3B | 11.7 | 2.76% |
| DB | Deutsche Bank AG | 0.00% | $33.64 | -3.5% | $62.4B | 8.7 | 3.81% |
Global X MSCI Greece ETF Investor Checkpoints
Here are the points to review before investing in GREK. Because it is a product concentrated in a single country, it is advisable to check stock concentration, Greek regional volatility, currency exposure and the fee burden before buying, and to consider its weight within your portfolio as well.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check the cumulative cost impact of a single-country ETF | Somewhat higher than the category average |
| 📊 Stock Concentration | Review the trend in top holdings' weights | High concentration |
| 🌍 Regional Risk | Review Greece's macroeconomic and political environment | High volatility |
| 💱 Exchange Rate | Impact on returns converted into dollars and euros | No currency hedge applied |
Stock concentration and the macroeconomic and political volatility specific to Greece are the main drivers of short-term volatility. Because it is single-country exposure, the diversification benefit is limited, and drawdowns during market shocks can be larger than those of broad ETFs.
It is a clear vehicle for investors who want to concentrate on the Greek stock market, but given its high stock concentration and regional volatility, it is recommended to approach it as a satellite holding in your portfolio and to manage its weight accordingly.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 11, 2026.
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