GLOF vs. GLO
GLOF (iShares Global Equity Factor ETF) is Global Equities fund tracking the STOXX Global Equity Factor Index, while GLO (Clough Global Opportunities Fund) is a stock. Over the past 10 years, GLOF returned 12.29%/yr vs 7.40%/yr for GLO. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
GLOF vs. GLO - Performance Comparison
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Returns By Period
In the year-to-date period, GLOF achieves a 13.19% return, which is significantly higher than GLO's 11.58% return. Over the past 10 years, GLOF has outperformed GLO with an annualized return of 12.29%, while GLO has yielded a comparatively lower 7.40% annualized return.
GLOF
- 1D
- -0.77%
- 1M
- 5.15%
- YTD
- 13.19%
- 6M
- 14.18%
- 1Y
- 30.42%
- 3Y*
- 22.67%
- 5Y*
- 11.56%
- 10Y*
- 12.29%
GLO
- 1D
- -0.49%
- 1M
- 4.81%
- YTD
- 11.58%
- 6M
- 11.02%
- 1Y
- 26.94%
- 3Y*
- 20.96%
- 5Y*
- -2.26%
- 10Y*
- 7.40%
GLOF vs. GLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLOF iShares Global Equity Factor ETF | 13.19% | 23.92% | 17.49% | 22.38% | -16.97% | 18.68% | 10.00% | 23.21% | -13.70% | 29.86% |
GLO Clough Global Opportunities Fund | 11.58% | 23.76% | 21.83% | 4.69% | -44.50% | 6.31% | 32.98% | 28.24% | -15.41% | 34.87% |
Correlation
The correlation between GLOF and GLO is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 5, 2015 | 0.62 |
The correlation between GLOF and GLO shifts across timeframes, from 0.62 (all time) to 0.72 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GLOF vs. GLO — Risk / Return Rank
GLOF
GLO
GLOF vs. GLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Equity Factor ETF (GLOF) and Clough Global Opportunities Fund (GLO). 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.
| GLOF | GLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.34 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.38 | 2.61 | +0.77 |
| Martin ratioReturn relative to average drawdown | 15.08 | 10.63 | +4.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLOF | GLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.43 | 1.92 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | -0.11 | +0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.35 | +0.37 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.21 | +0.39 |
Drawdowns
GLOF vs. GLO - Drawdown Comparison
The maximum GLOF drawdown since its inception was -34.12%, smaller than the maximum GLO drawdown of -60.53%. Use the drawdown chart below to compare losses from any high point for GLOF and GLO.
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Drawdown Indicators
| GLOF | GLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -60.53% | +26.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -10.37% | +1.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.12% | -16.91% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -25.15% | -58.59% | +33.44% |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | -58.59% | +24.47% |
Current DrawdownCurrent decline from peak | -0.77% | -19.03% | +18.26% |
Average DrawdownAverage peak-to-trough decline | -6.12% | -17.13% | +11.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 2.54% | -0.52% |
Volatility
GLOF vs. GLO - Volatility Comparison
The current volatility for iShares Global Equity Factor ETF (GLOF) is 3.65%, while Clough Global Opportunities Fund (GLO) has a volatility of 4.18%. This indicates that GLOF experiences smaller price fluctuations and is considered to be less risky than GLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLOF | GLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 4.18% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 10.10% | 11.09% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 14.16% | -1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.69% | 20.38% | -4.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.17% | 21.29% | -4.12% |
Dividends
GLOF vs. GLO - Dividend Comparison
GLOF's dividend yield for the trailing twelve months is around 1.50%, less than GLO's 10.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLO Clough Global Opportunities Fund | 10.26% | 10.62% | 11.25% | 12.33% | 22.32% | 12.26% | 9.69% | 11.12% | 14.48% | 10.11% | 12.63% | 11.49% |
GLOF iShares Global Equity Factor ETF | 1.50% | 1.70% | 2.59% | 2.51% | 2.53% | 1.90% | 1.73% | 2.41% | 2.03% | 1.94% | 1.94% | 0.92% |
Frequently Asked Questions
GLOF and GLO have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLO has higher volatility (4.18%) compared to GLOF (3.65%). In terms of maximum drawdown, GLOF dropped -34.12% vs GLO's -60.53%.
GLOF currently has the higher Sharpe Ratio (2.43 vs 1.92), 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.
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