Correlation
The correlation between GLO and UPRO is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
GLO vs. UPRO
Compare and contrast key facts about Clough Global Opportunities Fund (GLO) and ProShares UltraPro S&P 500 (UPRO).
UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLO or UPRO.
Performance
GLO vs. UPRO - Performance Comparison
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Key characteristics
GLO:
0.93
UPRO:
0.31
GLO:
1.30
UPRO:
0.72
GLO:
1.18
UPRO:
1.10
GLO:
0.33
UPRO:
0.27
GLO:
3.60
UPRO:
0.84
GLO:
4.30%
UPRO:
15.54%
GLO:
17.71%
UPRO:
58.52%
GLO:
-60.35%
UPRO:
-76.82%
GLO:
-37.00%
UPRO:
-19.46%
Returns By Period
In the year-to-date period, GLO achieves a 7.55% return, which is significantly higher than UPRO's -9.79% return. Over the past 10 years, GLO has underperformed UPRO with an annualized return of 3.08%, while UPRO has yielded a comparatively higher 21.55% annualized return.
GLO
7.55%
6.45%
4.94%
16.39%
-0.93%
3.21%
3.08%
UPRO
-9.79%
18.25%
-17.37%
17.93%
20.77%
30.70%
21.55%
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Risk-Adjusted Performance
GLO vs. UPRO — Risk-Adjusted Performance Rank
GLO
UPRO
GLO vs. UPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Clough Global Opportunities Fund (GLO) and ProShares UltraPro S&P 500 (UPRO). 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.
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Dividends
GLO vs. UPRO - Dividend Comparison
GLO's dividend yield for the trailing twelve months is around 11.19%, more than UPRO's 1.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLO Clough Global Opportunities Fund | 11.19% | 11.25% | 12.33% | 22.32% | 12.26% | 9.69% | 11.12% | 14.48% | 10.11% | 12.63% | 11.49% | 11.00% |
UPRO ProShares UltraPro S&P 500 | 1.11% | 0.93% | 0.74% | 0.52% | 0.06% | 0.11% | 0.41% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% |
Drawdowns
GLO vs. UPRO - Drawdown Comparison
The maximum GLO drawdown since its inception was -60.35%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for GLO and UPRO.
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Volatility
GLO vs. UPRO - Volatility Comparison
The current volatility for Clough Global Opportunities Fund (GLO) is 2.87%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 14.24%. This indicates that GLO experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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