ACWI vs GLV: Correlation
Measured on weekly returns over the past three years, iShares MSCI ACWI ETF (ACWI) and Clough Global Dividend and Income Fund (GLV) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACWI and GLV?
Over the past 3 years, ACWI and GLV moved with a correlation of 0.74, which is strong. The past 12 months show a weaker link (0.62) than the 3-year average (0.74). Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 125.6 %².
By 3-year correlation, GLV places #53 of the 119 assets tracked against ACWI. Neither side won the trailing year by much: +22.7% against +18.2%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ACWI vs GLV: side by side
| ACWI (iShares MSCI ACWI ETF) | GLV (Clough Global Dividend and Income Fund) | |
|---|---|---|
| 1-year return | +22.7% | +18.2% |
| 5-year return | +69.0% | -5.5% |
| Volatility (ann.) | 13.8% | 12.3% |
| Beta vs S&P 500 | 0.92 | 0.60 |
| Max drawdown (3Y) | -16.5% | -11.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 3.9 |
| Dividend yield | 1.44% | 10.55% |
| Expense ratio | 0.32% | – |
| Assets under management | $32.5B | – |
| Sector / category | ETF · Global | US Listed |
ACWI is a Global Large-Stock Blend fund from iShares: $32.5B under management, 1590 holdings, a 0.32% expense ratio, a 1.44% trailing dividend yield.
Year-by-year returns
| Year | ACWI | GLV |
|---|---|---|
| 2022 | -18.4% | -31.9% |
| 2023 | +22.3% | -8.4% |
| 2024 | +17.4% | +18.0% |
| 2025 | +22.4% | +23.0% |
| 2026 | +14.9% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACWI and GLV good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACWI and GLV?
The ACWI/GLV correlation stands at 0.74 on a 3-year window (1 year: 0.62, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is GLV a good diversifier for ACWI?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/acwi-vs-glv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/acwi-vs-glv/)
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Related comparisons
Hubs: ACWI correlations · GLV correlations
