GLV vs QQQ: Correlation
Measured on weekly returns over the past three years, Clough Global Dividend and Income Fund (GLV) and Invesco QQQ Trust (QQQ) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GLV and QQQ?
Across a 3-year window, the weekly returns of GLV and QQQ correlate at 0.62, strong. Lately the two have drifted apart, with the 1-year correlation at 0.48 versus 0.62 over 3 years. Stretching to 5 years gives 0.55, with an annualized covariance of 147.7 %².
By 3-year correlation, QQQ places #7 of the 12 assets tracked against GLV. On 12-month performance QQQ holds a 8.1-point edge, +18.2% against +26.3%. One caveat on sizing: QQQ is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GLV vs QQQ: side by side
| GLV (Clough Global Dividend and Income Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +18.2% | +26.3% |
| 5-year return | -5.5% | +95.4% |
| Volatility (ann.) | 12.3% | 19.6% |
| Beta vs S&P 500 | 0.60 | 1.28 |
| Max drawdown (3Y) | -11.5% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 3.9 | – |
| Dividend yield | 10.55% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | GLV | QQQ |
|---|---|---|
| 2022 | -31.9% | -32.6% |
| 2023 | -8.4% | +54.9% |
| 2024 | +18.0% | +25.6% |
| 2025 | +23.0% | +20.8% |
| 2026 | +10.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GLV and QQQ good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between GLV and QQQ?
The GLV/QQQ correlation stands at 0.62 on a 3-year window (1 year: 0.48, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for GLV?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/glv-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/glv-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GLV correlations · QQQ correlations
