GLQ vs NFLX: Correlation
Measured on weekly returns over the past three years, Clough Global Equity Fund (GLQ) and Netflix (NFLX) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLQ and NFLX?
On 3 years of weekly data the GLQ/NFLX correlation comes out at 0.41, moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.41). The 5-year figure is 0.40, and annualized covariance runs at 241.5 %².
NFLX is close to the least connected end of GLQ's tracked universe, ranking #17 of 21. The last year tells two different stories: GLQ led by 56.3 percentage points, +21.6% for GLQ against -34.7% for NFLX. Risk is not evenly split, since NFLX carries 2.1 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.
GLQ vs NFLX: side by side
| GLQ (Clough Global Equity Fund) | NFLX (Netflix) | |
|---|---|---|
| 1-year return | +21.6% | -34.7% |
| 5-year return | -3.8% | +41.0% |
| Volatility (ann.) | 16.6% | 35.2% |
| Beta vs S&P 500 | 1.00 | 0.99 |
| Max drawdown (3Y) | -19.2% | -49.5% |
| Market cap | – | $332.4B |
| P/E (trailing) | 2.7 | 25.7 |
| Dividend yield | 9.99% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | GLQ | NFLX |
|---|---|---|
| 2022 | -42.3% | -51.1% |
| 2023 | +2.8% | +65.1% |
| 2024 | +25.2% | +83.1% |
| 2025 | +28.5% | +5.2% |
| 2026 | +13.2% | -14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLQ and NFLX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between GLQ and NFLX?
As of 2026-08-27, the correlation of weekly returns between GLQ and NFLX is 0.41 over 3 years, 0.18 over 1 year and 0.40 over 5 years.
Is NFLX a good diversifier for GLQ?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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-nflx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/glq-vs-nflx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GLQ correlations · NFLX correlations
