When it comes to balancing risk, one can look at different sectors within the market, invest in bonds and treasuries as well as diversify with funds and ETFs. One strategy many times overlooked by many investors is to look for investment opportunities outside of the US borders. Indeed country ETFS offer such exposure.
Three country ETFs have actually outperformed the SPY last year when it comes to Prices to trailing earnings. Those ETFs include: GREK (Greece), EPOL (Poland) and Brazil (EWZ).
Not too long ago, Greece was the center of the European economic crisis but it appears that investors have once again given a vote of confidence to this country. GREK had a return of 38% vs 25% for the spy last year. This ETF price to earning ratio sits about 9 compared to 24 for the SPY.
More impressive than GREK, EPOL doubled the SPY’s performance finishing the year with 47 percent return. It currently has a PE ratio of 6. EWZ gained 33% in 2023 and has a PE of 7.Â
