GLO vs. SPYI
GLO (Clough Global Opportunities Fund) is a stock, while SPYI (NEOS S&P 500 High Income ETF) is Derivative Income fund actively managed by Neos. Over the past 3 years, GLO returned 17.28%/yr vs 14.78%/yr for SPYI. Their 0.67 correlation means they have sometimes moved together and sometimes differently.
Performance
GLO vs. SPYI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GLO achieves a 9.94% return, which is significantly higher than SPYI's 7.96% return.
GLO
- 1D
- 0.34%
- 1M
- -4.02%
- 6M
- 4.18%
- YTD
- 9.94%
- 1Y
- 21.15%
- 3Y*
- 17.28%
- 5Y*
- -2.97%
- 10Y*
- 6.96%
- ALL TIME*
- 4.41%
SPYI
- 1D
- 0.65%
- 1M
- 0.62%
- 6M
- 6.50%
- YTD
- 7.96%
- 1Y
- 18.69%
- 3Y*
- 14.78%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $523.02K | $713.03K | $853.86K | |
| $155.71M | $137.58M | $149.04M |
GLO vs. SPYI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GLO Clough Global Opportunities Fund | 9.94% | 23.76% | 21.83% | 4.69% | -24.53% |
SPYI NEOS S&P 500 High Income ETF | 7.96% | 16.67% | 19.03% | 18.09% | -3.96% |
Correlation
The correlation between GLO and SPYI is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.74 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2022 | 0.67 |
The correlation between GLO and SPYI has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GLO vs. SPYI — Risk / Return Rank
GLO
SPYI
GLO vs. SPYI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clough Global Opportunities Fund (GLO) and NEOS S&P 500 High Income ETF (SPYI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GLO | SPYI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 2.23 | -0.28 |
| Martin ratioReturn relative to average drawdown | 7.17 | 10.69 | -3.52 |
Loading charts...
Drawdowns
GLO vs. SPYI - Drawdown Comparison
The maximum GLO drawdown since its inception was -60.53%, which is greater than SPYI's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for GLO and SPYI.
Loading charts...
Drawdown Indicators
| GLO | SPYI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.53% | -16.47% | -44.06% |
Max Drawdown (1Y)Largest decline over 1 year | -10.37% | -7.72% | -2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -15.11% | -16.47% | +1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -58.59% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -58.59% | — | — |
Current DrawdownCurrent decline from peak | -20.22% | -0.65% | -19.57% |
Average DrawdownAverage peak-to-trough decline | -17.15% | -1.79% | -15.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 1.61% | +1.19% |
Volatility
GLO vs. SPYI - Volatility Comparison
Clough Global Opportunities Fund (GLO) has a higher volatility of 3.78% compared to NEOS S&P 500 High Income ETF (SPYI) at 3.22%. This indicates that GLO's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GLO | SPYI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 3.22% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 11.91% | 8.68% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.01% | 10.80% | +4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.78% | 12.96% | +6.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.32% | 12.96% | +8.36% |
Dividends
GLO vs. SPYI - Dividend Comparison
GLO's dividend yield for the trailing twelve months is around 10.73%, less than SPYI's 11.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLO Clough Global Opportunities Fund | 10.73% | 10.62% | 11.25% | 12.33% | 22.32% | 12.26% | 9.69% | 11.12% | 14.48% | 10.11% | 12.63% | 11.49% |
SPYI NEOS S&P 500 High Income ETF | 11.93% | 11.70% | 12.04% | 12.01% | 4.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLO and SPYI have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLO has higher volatility (3.78%) compared to SPYI (3.22%). In terms of maximum drawdown, GLO dropped -60.53% vs SPYI's -16.47%.
SPYI currently has the higher Sharpe Ratio (1.59 vs 1.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for GLO and SPYI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer