GREK vs VOO
Global X MSCI Greece ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. GREK delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | GREK | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.03% | |
| AUM | $289M | $979.0B | |
| Dividend Yield | 2.60% | 1.09% | |
| Holdings | 34 | 509 | |
| YTD Return | +22.61% | +13.72% | |
| 1Y Return | +27.26% | +21.63% | |
| 3Y Return (annualized) | +34.95% | +21.55% | |
| 5Y Return (annualized) | +28.32% | +13.26% | |
| Volatility (annualized) | 33.4% | 14.1% | |
| Max Drawdown | -81.7% | -34.3% | |
| Fund Family | Global X by mirae Asset | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 7, 2011 | Sep 7, 2010 |
GREK vs VOO Performance
Global X MSCI Greece ETF (GREK) is a ETF from Global X by mirae Asset and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year GREK returned +27.26% while VOO returned +21.63%. Year to date, GREK is up 22.61% versus a gain of 13.72% for VOO.
Over three years, GREK compounded at +34.95% per year against +21.55% for VOO; over five years the annualized figures are +28.32% and +13.26% respectively. Across the full 15-year window we track, VOO has the edge at +13.56% annualized vs +5.47%. 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 14.1% for VOO. 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 -34.3% for VOO. 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 VOO 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 VOO.
Holdings Overlap
GREK and VOO 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 VOO?
GREK has an expense ratio of 0.56% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, GREK or VOO?
Over the past year GREK returned +27.26% vs +21.63% for VOO, so GREK leads on 1-year performance. Over the longest common window we track (15 years), GREK annualized +5.47% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, GREK or VOO?
GREK has been the more volatile fund at 33.4% annualized versus 14.1% for VOO. Worst drawdown: GREK -81.7% vs VOO -34.3%.
Should I hold both GREK and VOO?
GREK and VOO 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 VOO?
GREK and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 536 unique securities.
Which pays a higher dividend, GREK or VOO?
GREK yields 2.60% while VOO yields 1.09%, so GREK currently pays the higher dividend yield.
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