GLQ vs. GLO

Last updated Jun 3, 2026

GLQ (Clough Global Equity Fund) is Global Equities fund managed by Clough Capital, while GLO (Clough Global Opportunities Fund) is a stock. Over the past 10 years, GLQ returned 9.63%/yr vs 7.46%/yr for GLO. A 0.79 correlation means they provide meaningful diversification when combined.

Performance

GLQ vs. GLO - Performance Comparison

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

Returns By Period

In the year-to-date period, GLQ achieves a 18.38% return, which is significantly higher than GLO's 12.14% return. Over the past 10 years, GLQ has outperformed GLO with an annualized return of 9.63%, while GLO has yielded a comparatively lower 7.46% annualized return.

GLQ

• 1D: 0.23%
• 1M: 6.91%
• YTD: 18.38%
• 6M: 18.02%
• 1Y: 41.19%
• 3Y*: 26.70%
• 5Y*: 0.59%
• 10Y*: 9.63%

GLO

• 1D: -0.08%
• 1M: 4.26%
• YTD: 12.14%
• 6M: 11.96%
• 1Y: 29.03%
• 3Y*: 21.16%
• 5Y*: -2.01%
• 10Y*: 7.46%

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

GLQ vs. GLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLQ Clough Global Equity Fund	18.38%	28.55%	25.41%	2.67%	-42.31%	6.48%	28.28%	23.94%	-9.74%	32.83%
GLO Clough Global Opportunities Fund	12.14%	23.76%	21.83%	4.69%	-44.50%	6.31%	32.98%	28.24%	-15.41%	34.87%

Correlation

The correlation between GLQ and GLO is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since May 3, 2006	0.79

The correlation between GLQ and GLO has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.

Return for Risk

GLQ vs. GLO — Risk / Return Rank

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

GLQ

GLQ Risk / Return Rank: 85
GLQ Sharpe Ratio Rank: 88
GLQ Sortino Ratio Rank: 83
GLQ Omega Ratio Rank: 82
GLQ Calmar Ratio Rank: 85
GLQ Martin Ratio Rank: 86

GLO

GLO Risk / Return Rank: 86
GLO Sharpe Ratio Rank: 88
GLO Sortino Ratio Rank: 86
GLO Omega Ratio Rank: 85
GLO Calmar Ratio Rank: 80
GLO Martin Ratio Rank: 89

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. GLO - Risk-Adjusted Trends Comparison

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

	GLQ	GLO	Difference
Sharpe ratio Return per unit of total volatility	2.91	2.06	+0.85
Sortino ratio Return per unit of downside risk	3.91	2.90	+1.02
Omega ratio Gain probability vs. loss probability	1.54	1.37	+0.18
Calmar ratio Return relative to maximum drawdown	4.06	2.80	+1.26
Martin ratio Return relative to average drawdown	16.69	11.42	+5.27
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. GLO - Sharpe Ratio Comparison

The current GLQ Sharpe Ratio is 2.91, which is higher than the GLO Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of GLQ and GLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GLQ	GLO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.91	2.06	+0.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	-0.10	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.35	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.21	+0.08

Drawdowns

GLQ vs. GLO - Drawdown Comparison

The maximum GLQ drawdown since its inception was -64.45%, which is greater than GLO's maximum drawdown of -60.53%. Use the drawdown chart below to compare losses from any high point for GLQ and GLO.

Drawdown Indicators

	GLQ	GLO	Difference
Max Drawdown Largest peak-to-trough decline	-64.45%	-60.53%	-3.92%
Max Drawdown (1Y) Largest decline over 1 year	-10.61%	-10.37%	-0.24%
Max Drawdown (3Y) Largest decline over 3 years	-19.18%	-16.91%	-2.27%
Max Drawdown (5Y) Largest decline over 5 years	-57.47%	-58.59%	+1.12%
Max Drawdown (10Y) Largest decline over 10 years	-57.47%	-58.59%	+1.12%
Current Drawdown Current decline from peak	-4.30%	-18.63%	+14.33%
Average Drawdown Average peak-to-trough decline	-17.30%	-17.13%	-0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.58%	2.54%	+0.04%

Volatility

GLQ vs. GLO - Volatility Comparison

The current volatility for Clough Global Equity Fund (GLQ) is 3.66%, while Clough Global Opportunities Fund (GLO) has a volatility of 4.31%. This indicates that GLQ 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.

Volatility by Period

	GLQ	GLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	4.31%	-0.65%
Volatility (6M) Calculated over the trailing 6-month period	11.39%	11.10%	+0.29%
Volatility (1Y) Calculated over the trailing 1-year period	14.27%	14.15%	+0.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.32%	20.38%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.99%	21.30%	+0.69%

Dividends

GLQ vs. GLO - Dividend Comparison

GLQ's dividend yield for the trailing twelve months is around 9.45%, less than GLO's 10.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLO Clough Global Opportunities Fund	10.21%	10.62%	11.25%	12.33%	22.32%	12.26%	9.69%	11.12%	14.48%	10.11%	12.63%	11.49%
GLQ Clough Global Equity Fund	9.45%	10.18%	10.86%	12.13%	21.42%	12.25%	9.66%	10.96%	13.68%	9.63%	11.68%	11.01%

Frequently Asked Questions

Can I hold both GLQ and GLO in my portfolio?

GLQ and GLO have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLQ or GLO?

GLO has higher volatility (4.31%) compared to GLQ (3.66%). In terms of maximum drawdown, GLQ dropped -64.45% vs GLO's -60.53%.

Which has better risk-adjusted returns?

GLQ currently has the higher Sharpe Ratio (2.91 vs 2.06), 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.