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GLV vs VT: Correlation

Clough Global Dividend and Income Fund (GLV) and Vanguard Total World Stock ETF (VT) show a strong relationship: their 3-year correlation of weekly returns is 0.74.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.74
strong
Correlation (1Y)
0.60
last 12 months
Correlation (5Y)
0.66
long-run
Ann. covariance
126.1
%² · weekly, annualized

How correlated are GLV and VT?

On 3 years of weekly data the GLV/VT correlation comes out at 0.74, strong. The link has loosened recently: the 1-year correlation (0.60) runs below the 3-year figure (0.74). The 5-year figure is 0.66, and annualized covariance runs at 126.1 %².

Within GLV's tracked universe of 12 assets, VT comes in at #4 by 3-year correlation. Neither side won the trailing year by much: +18.2% against +22.7%.

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 VT: side by side

GLV (Clough Global Dividend and Income Fund)VT (Vanguard Total World Stock ETF)
1-year return+18.2%+22.7%
5-year return-5.5%+67.7%
Volatility (ann.)12.3%13.9%
Beta vs S&P 5000.600.92
Max drawdown (3Y)-11.5%-16.5%
Market cap$0.1B
P/E (trailing)3.9
Dividend yield10.55%1.59%
Expense ratio0.06%
Assets under management$97.9B
Sector / categoryUS ListedETF · Global
Higher yield: GLV 10.55% vs 1.59%Smaller drawdown: GLV -11.5% vs -16.5%Higher 5y return: VT +67.7% vs -5.5%

VT is a Global Large-Stock Blend fund from Vanguard: $97.9B under management, 5308 holdings, a 0.06% expense ratio, a 1.59% trailing dividend yield.

0%+23%2025-09-052026-08-27
Price paths over the last 12 months, both indexed to 100 at the start (weekly closes). GLV · VT

Year-by-year returns

YearGLVVT
2022-31.9%-18.0%
2023-8.4%+22.0%
2024+18.0%+16.5%
2025+23.0%+22.4%
2026+10.1%+15.2%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are GLV and VT good diversifiers for each other?

Only partially. A correlation of 0.74 means GLV and VT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.

FAQ

What is the correlation between GLV and VT?

As of 2026-08-27, the correlation of weekly returns between GLV and VT is 0.74 over 3 years, 0.60 over 1 year and 0.66 over 5 years.

Is VT a good diversifier for GLV?

Only partially. A correlation of 0.74 means GLV and VT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.

What does a correlation of 0.74 mean?

A reading of 0.74 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.

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GLV vs VT: 3-year weekly correlation 0.74GLV vs VT0.74

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Hubs: GLV correlations · VT correlations