GLV vs. ETJ
Compare and contrast key facts about Clough Global Dividend and Income Fund (GLV) and Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ).
GLV is managed by Clough Capital. It was launched on Jul 28, 2004. ETJ is managed by Eaton Vance. It was launched on Jul 31, 2007.
Performance
GLV vs. ETJ - Performance Comparison
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GLV vs. ETJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLV Clough Global Dividend and Income Fund | 1.90% | 23.01% | 17.85% | -8.45% | -31.93% | 14.47% | 7.91% | 22.40% | -16.22% | 22.36% |
ETJ Eaton Vance Risk-Managed Diversified Equity Income Fund | -5.25% | 3.49% | 29.55% | 14.15% | -22.74% | 11.92% | 22.31% | 26.78% | -7.03% | 18.93% |
Returns By Period
In the year-to-date period, GLV achieves a 1.90% return, which is significantly higher than ETJ's -5.25% return. Over the past 10 years, GLV has underperformed ETJ with an annualized return of 4.82%, while ETJ has yielded a comparatively higher 8.27% annualized return.
GLV
- 1D
- 1.72%
- 1M
- -5.60%
- YTD
- 1.90%
- 6M
- 4.97%
- 1Y
- 20.93%
- 3Y*
- 13.30%
- 5Y*
- -2.15%
- 10Y*
- 4.82%
ETJ
- 1D
- 3.29%
- 1M
- -6.12%
- YTD
- -5.25%
- 6M
- -4.96%
- 1Y
- 5.57%
- 3Y*
- 10.18%
- 5Y*
- 3.25%
- 10Y*
- 8.27%
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GLV vs. ETJ - Expense Ratio Comparison
GLV has a 0.02% expense ratio, which is higher than ETJ's 0.01% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
GLV vs. ETJ — Risk / Return Rank
GLV
ETJ
GLV vs. ETJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clough Global Dividend and Income Fund (GLV) and Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ). 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.
| GLV | ETJ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 0.35 | +1.00 |
Sortino ratioReturn per unit of downside risk | 1.94 | 0.61 | +1.33 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.09 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 2.61 | 0.51 | +2.09 |
Martin ratioReturn relative to average drawdown | 8.53 | 2.23 | +6.30 |
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
| GLV | ETJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 0.35 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.21 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.46 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.28 | -0.07 |
Correlation
The correlation between GLV and ETJ is 0.46, 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
GLV vs. ETJ - Dividend Comparison
GLV's dividend yield for the trailing twelve months is around 10.86%, more than ETJ's 9.56% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLV Clough Global Dividend and Income Fund | 10.86% | 10.57% | 11.64% | 13.92% | 16.99% | 10.82% | 11.67% | 11.17% | 13.68% | 10.00% | 11.26% | 10.69% |
ETJ Eaton Vance Risk-Managed Diversified Equity Income Fund | 9.56% | 8.86% | 8.16% | 8.86% | 11.68% | 8.53% | 8.79% | 9.77% | 11.23% | 9.82% | 12.46% | 10.98% |
Drawdowns
GLV vs. ETJ - Drawdown Comparison
The maximum GLV drawdown since its inception was -61.66%, which is greater than ETJ's maximum drawdown of -32.81%. Use the drawdown chart below to compare losses from any high point for GLV and ETJ.
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Drawdown Indicators
| GLV | ETJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.66% | -32.81% | -28.85% |
Max Drawdown (1Y)Largest decline over 1 year | -8.33% | -10.40% | +2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -47.37% | -28.55% | -18.82% |
Max Drawdown (10Y)Largest decline over 10 years | -47.37% | -32.81% | -14.56% |
Current DrawdownCurrent decline from peak | -14.28% | -7.10% | -7.18% |
Average DrawdownAverage peak-to-trough decline | -14.93% | -7.55% | -7.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 2.39% | +0.15% |
Volatility
GLV vs. ETJ - Volatility Comparison
Clough Global Dividend and Income Fund (GLV) and Eaton Vance Risk-Managed Diversified Equity Income Fund (ETJ) have volatilities of 5.45% and 5.65%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLV | ETJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 5.65% | -0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.76% | 8.69% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.58% | 15.99% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 15.56% | +2.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.82% | 17.94% | +1.88% |