GLQ vs XYL: Correlation
Measured on weekly returns over the past three years, Clough Global Equity Fund (GLQ) and Xylem Inc. (XYL) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLQ and XYL?
On 3 years of weekly data the GLQ/XYL correlation comes out at 0.59, moderate. The link has loosened recently: the 1-year correlation (0.38) runs below the 3-year figure (0.59). The 5-year figure is 0.52, and annualized covariance runs at 235.1 %².
By 3-year correlation, XYL places #14 of the 21 assets tracked against GLQ. Correlation aside, the last 12 months split them widely, with GLQ ahead by 42.7 points (+21.6% versus -21.1%).
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 XYL: side by side
| GLQ (Clough Global Equity Fund) | XYL (Xylem Inc.) | |
|---|---|---|
| 1-year return | +21.6% | -21.1% |
| 5-year return | -3.8% | -12.5% |
| Volatility (ann.) | 16.6% | 23.9% |
| Beta vs S&P 500 | 1.00 | 0.96 |
| Max drawdown (3Y) | -19.2% | -30.0% |
| Market cap | – | $26.3B |
| P/E (trailing) | 2.7 | 26.8 |
| Dividend yield | 9.99% | 1.47% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | GLQ | XYL |
|---|---|---|
| 2022 | -42.3% | -6.6% |
| 2023 | +2.8% | +4.8% |
| 2024 | +25.2% | +2.6% |
| 2025 | +28.5% | +18.8% |
| 2026 | +13.2% | -16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLQ and XYL good diversifiers for each other?
To a limited degree. At 0.59 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 XYL?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.38 over the last year and 0.52 over 5 years.
Is XYL a good diversifier for GLQ?
To a limited degree. At 0.59 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 0.59 mean?
On the −1 to +1 scale, 0.59 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/glq-vs-xyl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/glq-vs-xyl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GLQ correlations · XYL correlations
