GLV vs. GLQ
GLV (Clough Global Dividend and Income Fund) and GLQ (Clough Global Equity Fund) are both mutual funds - GLV is a Global Equity Income fund managed by Clough, while GLQ is a Global Equities fund managed by Clough. Over the past 10 years, GLV returned 5.23%/yr vs 8.69%/yr for GLQ. Their 0.67 correlation means they have sometimes moved together and sometimes differently. GLV charges 0.02%/yr vs 0.03%/yr for GLQ.
Performance
GLV vs. GLQ - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with GLV having a 12.23% return and GLQ slightly higher at 12.80%. Over the past 10 years, GLV has underperformed GLQ with an annualized return of 5.23%, while GLQ has yielded a comparatively higher 8.69% annualized return.
GLV
- 1D
- 0.00%
- 1M
- -3.27%
- 6M
- 5.73%
- YTD
- 12.23%
- 1Y
- 25.51%
- 3Y*
- 15.97%
- 5Y*
- -0.11%
- 10Y*
- 5.23%
- ALL TIME*
- 5.04%
GLQ
- 1D
- 0.00%
- 1M
- -5.09%
- 6M
- 4.69%
- YTD
- 12.80%
- 1Y
- 25.63%
- 3Y*
- 21.49%
- 5Y*
- -0.73%
- 10Y*
- 8.69%
- ALL TIME*
- 6.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $431.68K | $488.67K | $711.10K | |
| $300.18K | $281.30K | $314.56K |
GLV vs. GLQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLV Clough Global Dividend and Income Fund | 12.23% | 23.01% | 17.85% | -8.45% | -31.93% | 14.47% | 7.91% | 22.40% | -16.22% | 22.36% |
GLQ Clough Global Equity Fund | 12.80% | 28.55% | 25.41% | 2.67% | -42.31% | 6.48% | 28.28% | 23.94% | -9.74% | 32.83% |
Correlation
The correlation between GLV and GLQ is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2005 | 0.67 |
The correlation between GLV and GLQ has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.
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Return for Risk
GLV vs. GLQ — Risk / Return Rank
GLV
GLQ
GLV vs. GLQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clough Global Dividend and Income Fund (GLV) and Clough Global Equity Fund (GLQ). 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.
| GLV | GLQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 2.33 | +0.67 |
| Martin ratioReturn relative to average drawdown | 9.11 | 8.52 | +0.59 |
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Drawdowns
GLV vs. GLQ - Drawdown Comparison
The maximum GLV drawdown since its inception was -61.66%, roughly equal to the maximum GLQ drawdown of -64.45%. Use the drawdown chart below to compare losses from any high point for GLV and GLQ.
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Drawdown Indicators
| GLV | GLQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.66% | -64.45% | +2.79% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -10.61% | +2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -12.03% | -19.18% | +7.15% |
Max Drawdown (5Y)Largest decline over 5 years | -47.37% | -57.47% | +10.10% |
Max Drawdown (10Y)Largest decline over 10 years | -47.37% | -57.47% | +10.10% |
Current DrawdownCurrent decline from peak | -5.60% | -8.82% | +3.22% |
Average DrawdownAverage peak-to-trough decline | -14.82% | -17.21% | +2.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.89% | -0.19% |
Volatility
GLV vs. GLQ - Volatility Comparison
Clough Global Dividend and Income Fund (GLV) and Clough Global Equity Fund (GLQ) have volatilities of 3.22% and 3.34%, 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 | GLQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.22% | 3.34% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.83% | 12.03% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 15.08% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.98% | 19.96% | -2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.88% | 22.01% | -2.13% |
GLV vs. GLQ - Expense Ratio Comparison
GLV has a 0.02% expense ratio, which is lower than GLQ's 0.03% 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
GLV vs. GLQ - Dividend Comparison
GLV's dividend yield for the trailing twelve months is around 10.48%, more than GLQ's 10.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLQ Clough Global Equity Fund | 10.29% | 10.18% | 10.86% | 12.13% | 21.42% | 12.25% | 9.66% | 10.96% | 13.68% | 9.63% | 11.68% | 11.01% |
GLV Clough Global Dividend and Income Fund | 10.48% | 10.57% | 11.64% | 13.92% | 16.99% | 10.82% | 11.67% | 11.17% | 13.68% | 10.00% | 11.26% | 10.69% |
Frequently Asked Questions
GLV and GLQ have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLQ has higher volatility (3.34%) compared to GLV (3.22%). In terms of maximum drawdown, GLV dropped -61.66% vs GLQ's -64.45%.
GLV currently has the higher Sharpe Ratio (1.82 vs 1.64), 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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