GLQ vs MIR: Correlation
Measured on weekly returns over the past three years, Clough Global Equity Fund (GLQ) and Mirion Technologies, Inc. (MIR) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLQ and MIR?
Across a 3-year window, the weekly returns of GLQ and MIR correlate at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 390.3 %².
Among the 21 assets we track against GLQ, MIR ranks #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months GLQ outperformed by 48.9 percentage points (+21.6% for GLQ against -27.3% for MIR). Note the risk asymmetry: MIR runs 2.5 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.
GLQ vs MIR: side by side
| GLQ (Clough Global Equity Fund) | MIR (Mirion Technologies, Inc.) | |
|---|---|---|
| 1-year return | +21.6% | -27.3% |
| 5-year return | -3.8% | +49.5% |
| Volatility (ann.) | 16.6% | 41.2% |
| Beta vs S&P 500 | 1.00 | 1.53 |
| Max drawdown (3Y) | -19.2% | -51.0% |
| Market cap | – | $3.7B |
| P/E (trailing) | 2.7 | 165.0 |
| Dividend yield | 9.99% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GLQ | MIR |
|---|---|---|
| 2022 | -42.3% | -36.9% |
| 2023 | +2.8% | +55.1% |
| 2024 | +25.2% | +70.2% |
| 2025 | +28.5% | +34.2% |
| 2026 | +13.2% | -36.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLQ and MIR good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GLQ and MIR?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.52 over the last year and 0.44 over 5 years.
Is MIR a good diversifier for GLQ?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
A reading of 0.57 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-mir.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/glq-vs-mir/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GLQ correlations · MIR correlations
