GREK vs IVV
Global X MSCI Greece ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. GREK delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GREK | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.03% | |
| AUM | $289M | $865.2B | |
| Dividend Yield | 2.60% | 1.09% | |
| Holdings | 34 | 508 | |
| YTD Return | +22.86% | +14.50% | |
| 1Y Return | +26.64% | +22.02% | |
| 3Y Return (annualized) | +35.01% | +21.80% | |
| 5Y Return (annualized) | +28.22% | +13.37% | |
| Volatility (annualized) | 33.4% | 15.1% | |
| Max Drawdown | -81.7% | -56.5% | |
| Fund Family | Global X by mirae Asset | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Dec 7, 2011 | May 15, 2000 |
GREK vs IVV Performance
Global X MSCI Greece ETF (GREK) is a ETF from Global X by mirae Asset and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GREK returned +26.64% while IVV returned +22.02%. Year to date, GREK is up 22.86% versus a gain of 14.50% for IVV.
Over three years, GREK compounded at +35.01% per year against +21.80% for IVV; over five years the annualized figures are +28.22% and +13.37% respectively. Across the full 15-year window we track, IVV has the edge at +7.07% annualized vs +5.48%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GREK has been the more volatile fund, with annualized monthly volatility of 33.4% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -81.7% for GREK and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.52. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GREK charges 0.56% per year while IVV charges 0.03%. On a $10,000 position that is $56 vs $3 annually, a gap of $53 per year that compounds over a long holding period. On income, GREK currently yields 2.60% against 1.09% for IVV.
Holdings Overlap
GREK and IVV share 0 holdings out of 536 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GREK or IVV?
GREK has an expense ratio of 0.56% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, GREK or IVV?
Over the past year GREK returned +26.64% vs +22.02% for IVV, so GREK leads on 1-year performance. Over the longest common window we track (15 years), GREK annualized +5.48% vs +7.07% for IVV. Past performance does not guarantee future results.
Which is riskier, GREK or IVV?
GREK has been the more volatile fund at 33.4% annualized versus 15.1% for IVV. Worst drawdown: GREK -81.7% vs IVV -56.5%.
Should I hold both GREK and IVV?
GREK and IVV have a monthly-return correlation of 0.52, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GREK and IVV?
GREK and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 536 unique securities.
Which pays a higher dividend, GREK or IVV?
GREK yields 2.60% while IVV yields 1.09%, so GREK currently pays the higher dividend yield.
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