GREK vs VYM
Global X MSCI Greece ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. GREK delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | GREK | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.04% | |
| AUM | $289M | $79.0B | |
| Dividend Yield | 2.60% | 2.86% | |
| Holdings | 34 | 568 | |
| YTD Return | +22.61% | +16.53% | |
| 1Y Return | +27.26% | +25.03% | |
| 3Y Return (annualized) | +34.95% | +18.54% | |
| 5Y Return (annualized) | +28.32% | +12.25% | |
| Volatility (annualized) | 33.4% | 14.6% | |
| Max Drawdown | -81.7% | -58.8% | |
| Fund Family | Global X by mirae Asset | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Dec 7, 2011 | Nov 10, 2006 |
GREK vs VYM Performance
Global X MSCI Greece ETF (GREK) is a ETF from Global X by mirae Asset and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year GREK returned +27.26% while VYM returned +25.03%. Year to date, GREK is up 22.61% versus a gain of 16.53% for VYM.
Over three years, GREK compounded at +34.95% per year against +18.54% for VYM; over five years the annualized figures are +28.32% and +12.25% respectively. Across the full 15-year window we track, VYM has the edge at +7.10% 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 14.6% for VYM. 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 -58.8% for VYM. 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GREK charges 0.56% per year while VYM charges 0.04%. On a $10,000 position that is $56 vs $4 annually, a gap of $52 per year that compounds over a long holding period. On income, GREK currently yields 2.60% against 2.86% for VYM.
Holdings Overlap
GREK and VYM share 0 holdings out of 589 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 VYM?
GREK has an expense ratio of 0.56% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $52 per year of difference.
Which performed better, GREK or VYM?
Over the past year GREK returned +27.26% vs +25.03% for VYM, so GREK leads on 1-year performance. Over the longest common window we track (15 years), GREK annualized +5.47% vs +7.10% for VYM. Past performance does not guarantee future results.
Which is riskier, GREK or VYM?
GREK has been the more volatile fund at 33.4% annualized versus 14.6% for VYM. Worst drawdown: GREK -81.7% vs VYM -58.8%.
Should I hold both GREK and VYM?
GREK and VYM have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GREK and VYM?
GREK and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 589 unique securities.
Which pays a higher dividend, GREK or VYM?
GREK yields 2.60% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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