GLDIX vs GREK Fund Comparison

A comparison between GLDIX and GREK based on their expense ratio, growth, holdings and how well they match their benchmark performance.

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Minafi's Take on GLDIX vs GREK

Here's an in depth look at the differences between Gabelli Gold Fund Class I($GLDIX) and Global X MSCI Greece ETF($GREK).

To start off, here's a look at the basics of each fund. Keep an eye on the FI Score. That's a custom score from 0 to 100 that we generate based on how good this fund is for the casual investor. Most investors only need a handful of total funds in their portfolio. The higher the score, the more likely this is one of those few. Score alone isn't enough! Keep reading on to see how different (or perhaps similar) these two funds are.

  • gldix
  • Mutual Fund
  • Sector Equity
  • Basic Materials

Gabelli Gold Fund Class I

Expenses: 1.30% (Better than 0% of similar funds)

This is a bad choice for a Basic Materials Sector Equity fund. See why »

  • grek
  • ETF
  • International Stocks
  • Other Region

Global X MSCI Greece ETF

Expenses: 0.57% (Better than 1% of similar funds)

This is an OK choice for a Other Region International Stocks fund. See why »

$GLDIX is classified as a Mutual Fund while $GREK is classified as an ETF. Even though one of these is a mutual fund and the other is an ETF, that doesn't matter too much for their holdings. Both ETFs and mutual funds are just containers to hold lots of investments inside of them.

The biggest differences between these two is where they may be offered. ETFs are more widely availble from a larger number of investment apps and websites. Mutual funds, on the other hand, are generally offered by the platform they're issued by (Fidelity funds on Fidelity, Vanguard funds on Vanguard). Usually 401(k)'s will offer both ETFs and Mutual Funds. If you're investing outside of a 401(k), I'd recommend you verify the fees associated with ETF and mutual fund transactions. Some platforms charge an additional fee to purchase a mutual fund.

To learn more about the difference between these two, you can read about the difference between ETFs and Mutual Funds.

When evaluating a fund, the first things I look at are:

  • What it invests in
  • How much it charges in fees
  • How large the fund is

Let's look into these criteria one by one and see if either of these funds stands out.

Fund Holdings Comparison

Minafi's FI Score algorithm takes into account the category and market. The more niche a fund is, the lower the score. This doesn't mean it's a worse fund, but it does mean you should stop and make sure this a fund you need to diversify your portfolio.

GLDIXGREK
Market Score 5.2 /10 7.5 /10
Category Score 0.0 /10 5.0 /10
Total5.212.5

A score of 10 means this is a solid market and category that almost every investor will want to have investments in. The lower the score, the more specific the investment. These scores are based on when most investors would add these funds to their portfolio. A score of 10 means that this fund (or one like it) belongs in a three-fund portfolio. The lower the score, the farther down in your portfolio a fund would go.

Winner: $GREK

Fee Comparison

Fees are one of the biggest killers of portfolio growth. The difference between a 2% fee and a 0.04% fee over 30 years can result in your portfolio having half the total value!

If you're just getting started investing and learning how fees impact your portfolio, I'd encourage you to read through my free investment course (specifically '2.2 - All About Fees') where I go over all the different types of fees you can be charged and how to lower them.

For these two funds, GLDIX has an expense ratio of 1.30% while GREK has an expense ratio of 0.57%.

Winner: $GREK

Fund Size Comparison

One place these two funds differ is in their total assets under management. This is a good indication of how many other investors trust this fund. A large fund by itself doesn't mean it's a good fund, but it is one thing to consider when figuring out how to choose the right fund.

In the case of these two funds, GLDIX is a medium fund with 381 Million in assets under management. GREK, on the other hand, is a large fund with 146 Million in assets under management.

Winner: $GREK, Global X MSCI Greece ETF

Which Should You Choose? GLDIX or GREK?

Comparing these two funds isn't an apples to apples comparison. GLDIX is a Sector EquityBasic Materials fund, while GREK is a International StocksOther Region fund.

If you're aiming to build a diversified, low-fee, tax-optimized portfolio you likely won't be choosing between these two funds since they're different enough.

Running both of these funds through Minafi's FI Score algorithm, gives GLDIX a score of 29 and GREK a score of 58.

Winner: Neither, I'd research more funds if you're looking to invest for retirement.

$GLDIX

Gabelli Gold Fund Class I

29

Read More
Ratings
Rating TypeRating
Expense Ratio Score4/10
Expense Rating0/10
Market Score5/10
Category Score0/10
Overview
OverviewDetails
Fund TypeMutual Fund
Inception DateJul-11-1994
ExchangeNMFQS
Expense Ratio1.300%
Net Assets381 Million
Yield0.86%
Holdings
DescriptionInfo
MarketSector Equity
CategoryBasic Materials
Sectors
  • Basic Materials 100.00%
  • Communication Services 0.00%
  • Consumer Cyclical 0.00%
  • Consumer Defensive 0.00%
  • Energy 0.00%
  • Financial Services 0.00%
  • Healthcare 0.00%
  • Industrials 0.00%
  • Real Estate 0.00%
  • Technology 0.00%
  • Utilities 0.00%
Regions
  • Africa/Middle East 5.42%
  • Australasia 16.72%
  • Europe Emerging 0.56%
  • Latin America 1.65%
  • North America 74.27%
  • United Kingdom 1.38%

$GREK

Global X MSCI Greece ETF

58

Read More
Ratings
Rating TypeRating
Diversification Score0/10
Expense Ratio Score5/10
Expense Rating4/10
Market Score8/10
Category Score5/10
Overview
OverviewDetails
Fund TypeETF
Inception DateDec-7-2011
ExchangeNYSE ARCA
Expense Ratio0.570%
Net Assets146 Million
Yield3.50%
Holdings
DescriptionInfo
MarketInternational Stocks
CategoryOther Region
Sectors
  • Basic Materials 3.08%
  • Communication Services 18.98%
  • Consumer Cyclicals 21.71%
  • Consumer Defensive 1.95%
  • Energy 11.99%
  • Financial Services 19.13%
  • Healthcare 0.00%
  • Industrials 10.24%
  • Real Estate 3.03%
  • Technology 0.00%
  • Utilities 9.89%
Regions
  • Europe Developed 98.21%
  • North America 1.79%

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