CHEF vs GLV: Correlation
The Chefs' Warehouse, Inc. (CHEF) and Clough Global Dividend and Income Fund (GLV) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHEF and GLV?
Across a 3-year window, the weekly returns of CHEF and GLV correlate at 0.50, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.32 versus 0.50 over 3 years. Stretching to 5 years gives 0.45, with an annualized covariance of 268.9 %².
Within CHEF's tracked universe of 12 assets, GLV comes in at #4 by 3-year correlation. The last year tells two different stories: CHEF led by 59.5 percentage points, +77.7% for CHEF against +18.2% for GLV. Note the risk asymmetry: CHEF runs 3.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CHEF vs GLV: side by side
| CHEF (The Chefs' Warehouse, Inc.) | GLV (Clough Global Dividend and Income Fund) | |
|---|---|---|
| 1-year return | +77.7% | +18.2% |
| 5-year return | +273.0% | -5.5% |
| Volatility (ann.) | 44.0% | 12.3% |
| Beta vs S&P 500 | 1.23 | 0.60 |
| Max drawdown (3Y) | -37.8% | -11.5% |
| Market cap | $4.5B | $0.1B |
| P/E (trailing) | 53.2 | 3.9 |
| Dividend yield | 0.00% | 10.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHEF | GLV |
|---|---|---|
| 2022 | -0.1% | -31.9% |
| 2023 | -11.6% | -8.4% |
| 2024 | +67.6% | +18.0% |
| 2025 | +26.4% | +23.0% |
| 2026 | +78.5% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHEF and GLV good diversifiers for each other?
Only partially. A correlation of 0.50 means CHEF and GLV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CHEF and GLV?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.32 over the last year and 0.45 over 5 years.
Is GLV a good diversifier for CHEF?
Only partially. A correlation of 0.50 means CHEF and GLV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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/chef-vs-glv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chef-vs-glv/)
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Related comparisons
Hubs: CHEF correlations · GLV correlations
