GLQ vs GLV: Correlation
Clough Global Equity Fund (GLQ) and Clough Global Dividend and Income Fund (GLV) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLQ and GLV?
Over the past 3 years, GLQ and GLV moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.83 lands near the 3-year figure. Over 5 years the correlation is 0.82, and the annualized covariance of weekly returns is 172.4 %².
Among the 21 assets we track against GLQ, GLV ranks #7 by 3-year correlation. Their 12-month results are close: +21.6% for GLQ against +18.2% for GLV.
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.
GLQ vs GLV: side by side
| GLQ (Clough Global Equity Fund) | GLV (Clough Global Dividend and Income Fund) | |
|---|---|---|
| 1-year return | +21.6% | +18.2% |
| 5-year return | -3.8% | -5.5% |
| Volatility (ann.) | 16.6% | 12.3% |
| Beta vs S&P 500 | 1.00 | 0.60 |
| Max drawdown (3Y) | -19.2% | -11.5% |
| Market cap | – | $0.1B |
| P/E (trailing) | 2.7 | 3.9 |
| Dividend yield | 9.99% | 10.55% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLQ | GLV |
|---|---|---|
| 2022 | -42.3% | -31.9% |
| 2023 | +2.8% | -8.4% |
| 2024 | +25.2% | +18.0% |
| 2025 | +28.5% | +23.0% |
| 2026 | +13.2% | +10.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLQ and GLV good diversifiers for each other?
No: a correlation of 0.85 means GLQ and GLV tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between GLQ and GLV?
As of 2026-08-27, the correlation of weekly returns between GLQ and GLV is 0.85 over 3 years, 0.83 over 1 year and 0.82 over 5 years.
Is GLV a good diversifier for GLQ?
No: a correlation of 0.85 means GLQ and GLV tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 mean?
A reading of 0.85 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/glq-vs-glv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/glq-vs-glv/)
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Related comparisons
Hubs: GLQ correlations · GLV correlations
