GLQ vs. GCCHX

Last updated Apr 1, 2026

Compare and contrast key facts about Clough Global Equity Fund (GLQ) and GMO Climate Change Fund (GCCHX).

GLQ is managed by Clough Capital. It was launched on Apr 27, 2005. GCCHX is managed by GMO. It was launched on Apr 4, 2017.

Performance

GLQ vs. GCCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Clough Global Equity Fund (GLQ) and GMO Climate Change Fund (GCCHX). The values are adjusted to include any dividend payments, if applicable.

GLQ vs. GCCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLQ Clough Global Equity Fund	1.01%	28.55%	25.41%	2.67%	-42.31%	6.48%	28.28%	23.94%	-9.74%	15.27%
GCCHX GMO Climate Change Fund	6.61%	39.25%	-25.63%	-6.85%	-10.39%	21.84%	42.82%	27.36%	-16.35%	26.15%

Returns By Period

In the year-to-date period, GLQ achieves a 1.01% return, which is significantly lower than GCCHX's 6.61% return.

GLQ

• 1D: 2.45%
• 1M: -7.98%
• YTD: 1.01%
• 6M: 4.31%
• 1Y: 33.54%
• 3Y*: 20.37%
• 5Y*: -2.22%
• 10Y*: 8.06%

GCCHX

• 1D: -1.04%
• 1M: -5.74%
• YTD: 6.61%
• 6M: 15.46%
• 1Y: 64.36%
• 3Y*: -1.00%
• 5Y*: 0.70%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLQ vs. GCCHX - Expense Ratio Comparison

GLQ has a 0.03% expense ratio, which is lower than GCCHX's 0.77% expense ratio.

GCCHX

GMO Climate Change Fund

GLQ

Clough Global Equity Fund

Return for Risk

GLQ vs. GCCHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLQ

GLQ Risk / Return Rank: 89
GLQ Sharpe Ratio Rank: 88
GLQ Sortino Ratio Rank: 88
GLQ Omega Ratio Rank: 87
GLQ Calmar Ratio Rank: 91
GLQ Martin Ratio Rank: 93

GCCHX

GCCHX Risk / Return Rank: 94
GCCHX Sharpe Ratio Rank: 95
GCCHX Sortino Ratio Rank: 93
GCCHX Omega Ratio Rank: 87
GCCHX Calmar Ratio Rank: 97
GCCHX Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLQ vs. GCCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Clough Global Equity Fund (GLQ) and GMO Climate Change Fund (GCCHX). 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.

	GLQ	GCCHX	Difference
Sharpe ratio Return per unit of total volatility	1.78	2.24	-0.46
Sortino ratio Return per unit of downside risk	2.43	2.89	-0.46
Omega ratio Gain probability vs. loss probability	1.38	1.38	0.00
Calmar ratio Return relative to maximum drawdown	2.63	3.92	-1.29
Martin ratio Return relative to average drawdown	11.38	13.98	-2.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLQ vs. GCCHX - Sharpe Ratio Comparison

The current GLQ Sharpe Ratio is 1.78, which is comparable to the GCCHX Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of GLQ and GCCHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GLQ	GCCHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	2.24	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.11	0.03	-0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.36	-0.10

Correlation

The correlation between GLQ and GCCHX is 0.55, 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.

Dividends

GLQ vs. GCCHX - Dividend Comparison

GLQ's dividend yield for the trailing twelve months is around 10.67%, more than GCCHX's 1.41% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLQ Clough Global Equity Fund	10.67%	10.18%	10.86%	12.13%	21.42%	12.25%	9.66%	10.96%	13.68%	9.63%	11.68%	11.01%
GCCHX GMO Climate Change Fund	1.41%	1.51%	0.66%	0.96%	2.24%	25.43%	5.42%	4.03%	2.62%	3.43%	0.00%	0.00%

Drawdowns

GLQ vs. GCCHX - Drawdown Comparison

The maximum GLQ drawdown since its inception was -64.45%, which is greater than GCCHX's maximum drawdown of -54.32%. Use the drawdown chart below to compare losses from any high point for GLQ and GCCHX.

Drawdown Indicators

	GLQ	GCCHX	Difference
Max Drawdown Largest peak-to-trough decline	-64.45%	-54.32%	-10.13%
Max Drawdown (1Y) Largest decline over 1 year	-12.58%	-14.89%	+2.31%
Max Drawdown (5Y) Largest decline over 5 years	-57.47%	-54.32%	-3.15%
Max Drawdown (10Y) Largest decline over 10 years	-57.47%	—	—
Current Drawdown Current decline from peak	-18.35%	-13.15%	-5.20%
Average Drawdown Average peak-to-trough decline	-17.36%	-14.11%	-3.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	4.18%	-1.27%

Volatility

GLQ vs. GCCHX - Volatility Comparison

The current volatility for Clough Global Equity Fund (GLQ) is 6.95%, while GMO Climate Change Fund (GCCHX) has a volatility of 8.34%. This indicates that GLQ experiences smaller price fluctuations and is considered to be less risky than GCCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLQ	GCCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.95%	8.34%	-1.39%
Volatility (6M) Calculated over the trailing 6-month period	11.38%	17.07%	-5.69%
Volatility (1Y) Calculated over the trailing 1-year period	18.90%	27.75%	-8.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.58%	26.87%	-6.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.95%	25.21%	-3.26%