GLQ vs. VMVFX

Last updated Aug 4, 2026

GLQ (Clough Global Equity Fund) and VMVFX (Vanguard Global Minimum Volatility Fund Investor Shares) are both Global Equities funds. Over the past 10 years, GLQ returned 8.68%/yr vs 9.29%/yr for VMVFX. Their 0.56 correlation means they have sometimes moved together and sometimes differently. GLQ charges 0.03%/yr vs 0.21%/yr for VMVFX.

Performance

GLQ vs. VMVFX - Performance Comparison

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

Returns By Period

In the year-to-date period, GLQ achieves a 14.61% return, which is significantly higher than VMVFX's 10.34% return. Over the past 10 years, GLQ has underperformed VMVFX with an annualized return of 8.68%, while VMVFX has yielded a comparatively higher 9.29% annualized return.

GLQ

• 1D: 1.60%
• 1M: -3.58%
• 6M: 6.24%
• YTD: 14.61%
• 1Y: 27.64%
• 3Y*: 23.38%
• 5Y*: -0.43%
• 10Y*: 8.68%
• ALL TIME*: 6.19%

VMVFX

• 1D: 0.17%
• 1M: 0.64%
• 6M: 6.03%
• YTD: 10.34%
• 1Y: 15.54%
• 3Y*: 13.44%
• 5Y*: 10.64%
• 10Y*: 9.29%
• ALL TIME*: 9.81%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GLQ Clough Global Equity Fund	$439.21K	$470.26K	$716.20K
VMVFX Vanguard Global Minimum Volatility Fund Investor Shares	$0.00	$0.00	$0.00

GLQ vs. VMVFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLQ Clough Global Equity Fund	14.61%	28.55%	25.41%	2.67%	-42.31%	6.48%	28.28%	23.94%	-9.74%	32.83%
VMVFX Vanguard Global Minimum Volatility Fund Investor Shares	10.34%	12.74%	13.38%	7.82%	-4.48%	23.74%	-3.99%	23.28%	-1.79%	15.93%

Correlation

The correlation between GLQ and VMVFX is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (3Y) Balances recent behavior with more history.	0.51
Correlation (5Y) Shows whether the relationship held over a longer period.	0.54
Correlation (10Y) Provides a long-term view across more market conditions.	0.54
Correlation (All Time) Calculated using the full available price history since Dec 13, 2013	0.56

The correlation between GLQ and VMVFX shifts across timeframes, from 0.39 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GLQ vs. VMVFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GLQ

GLQ Risk / Return Rank: 74
GLQ Sharpe Ratio Rank: 76
GLQ Sortino Ratio Rank: 72
GLQ Omega Ratio Rank: 72
GLQ Calmar Ratio Rank: 76
GLQ Martin Ratio Rank: 73

VMVFX

VMVFX Risk / Return Rank: 80
VMVFX Sharpe Ratio Rank: 88
VMVFX Sortino Ratio Rank: 86
VMVFX Omega Ratio Rank: 83
VMVFX Calmar Ratio Rank: 72
VMVFX Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GLQ vs. VMVFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Clough Global Equity Fund (GLQ) and Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX). 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.

	GLQ	VMVFX	Difference
Sharpe ratio: Return per unit of total volatility	1.84	2.21	-0.37
Sortino ratio: Return per unit of downside risk	2.55	3.17	-0.62
Omega ratio: Gain probability vs. loss probability	1.34	1.40	-0.07
Calmar ratio: Return relative to maximum drawdown	2.62	2.44	+0.17
Martin ratio: Return relative to average drawdown	9.54	9.44	+0.10

GLQ vs. VMVFX - Sharpe Ratio Comparison

The current GLQ Sharpe Ratio is 1.84, which is comparable to the VMVFX Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of GLQ and VMVFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GLQ vs. VMVFX - Drawdown Comparison

The maximum GLQ drawdown since its inception was -64.45%, which is greater than VMVFX's maximum drawdown of -33.09%. Use the drawdown chart below to compare losses from any high point for GLQ and VMVFX.

Drawdown Indicators

	GLQ	VMVFX	Difference
Max Drawdown Largest peak-to-trough decline	-64.45%	-33.09%	-31.36%
Max Drawdown (1Y) Largest decline over 1 year	-10.61%	-6.27%	-4.34%
Max Drawdown (3Y) Largest decline over 3 years	-19.18%	-7.96%	-11.22%
Max Drawdown (5Y) Largest decline over 5 years	-57.47%	-13.02%	-44.45%
Max Drawdown (10Y) Largest decline over 10 years	-57.47%	-33.09%	-24.38%
Current Drawdown Current decline from peak	-7.36%	-0.29%	-7.07%
Average Drawdown Average peak-to-trough decline	-17.21%	-2.80%	-14.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	1.62%	+1.29%

Volatility

GLQ vs. VMVFX - Volatility Comparison

Clough Global Equity Fund (GLQ) has a higher volatility of 3.82% compared to Vanguard Global Minimum Volatility Fund Investor Shares (VMVFX) at 1.90%. This indicates that GLQ's price experiences larger fluctuations and is considered to be riskier than VMVFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLQ	VMVFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	1.90%	+1.92%
Volatility (6M) Calculated over the trailing 6-month period	12.12%	5.55%	+6.57%
Volatility (1Y) Calculated over the trailing 1-year period	15.15%	6.97%	+8.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.98%	10.76%	+9.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.01%	12.43%	+9.58%

GLQ vs. VMVFX - Expense Ratio Comparison

GLQ has a 0.03% expense ratio, which is lower than VMVFX's 0.21% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GLQ vs. VMVFX - Dividend Comparison

GLQ's dividend yield for the trailing twelve months is around 10.12%, more than VMVFX's 9.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLQ Clough Global Equity Fund	10.12%	10.18%	10.86%	12.13%	21.42%	12.25%	9.66%	10.96%	13.68%	9.63%	11.68%	11.01%
VMVFX Vanguard Global Minimum Volatility Fund Investor Shares	9.04%	9.98%	3.77%	3.05%	4.96%	12.73%	2.02%	5.12%	7.27%	2.30%	2.71%	3.22%

Frequently Asked Questions

Can I hold both GLQ and VMVFX in my portfolio?

GLQ and VMVFX have a correlation of 0.39, 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 VMVFX?

GLQ has higher volatility (3.82%) compared to VMVFX (1.90%). In terms of maximum drawdown, GLQ dropped -64.45% vs VMVFX's -33.09%.

Which has better risk-adjusted returns?

VMVFX currently has the higher Sharpe Ratio (2.21 vs 1.84), 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.