CHRN vs GLV: Correlation
Measured on weekly returns over the past three years, ChronoScale Holdings Corporation (CHRN) and Clough Global Dividend and Income Fund (GLV) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRN and GLV?
On 3 years of weekly data the CHRN/GLV correlation comes out at 0.31, moderate. The relationship has been stable: the 1-year correlation (0.25) sits close to the 3-year figure. The 5-year figure is 0.22, and annualized covariance runs at 380.6 %².
Within CHRN's tracked universe of 11 assets, GLV comes in at #5 by 3-year correlation. The last year tells two different stories: CHRN led by 427.5 percentage points, +445.7% for CHRN against +18.2% for GLV. Risk is not evenly split, since CHRN carries 8.1 times the volatility of the other side.
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.
CHRN vs GLV: side by side
| CHRN (ChronoScale Holdings Corporation) | GLV (Clough Global Dividend and Income Fund) | |
|---|---|---|
| 1-year return | +445.7% | +18.2% |
| 5-year return | -70.2% | -5.5% |
| Volatility (ann.) | 99.6% | 12.3% |
| Beta vs S&P 500 | 1.58 | 0.60 |
| Max drawdown (3Y) | -93.9% | -11.5% |
| Market cap | $3.0B | $0.1B |
| P/E (trailing) | – | 3.9 |
| Dividend yield | 0.00% | 10.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHRN | GLV |
|---|---|---|
| 2022 | -55.1% | -31.9% |
| 2023 | +110.1% | -8.4% |
| 2024 | -75.6% | +18.0% |
| 2025 | -5.6% | +23.0% |
| 2026 | +140.0% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRN and GLV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CHRN and GLV?
The CHRN/GLV correlation stands at 0.31 on a 3-year window (1 year: 0.25, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is GLV a good diversifier for CHRN?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chrn-vs-glv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/chrn-vs-glv/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CHRN correlations · GLV correlations
