GLV vs. IGD

Last updated Aug 4, 2026

GLV (Clough Global Dividend and Income Fund) and IGD (Voya Global Equity Dividend and Premium Opportunity Fund) are both Global Equity Income funds. Over the past 10 years, GLV returned 5.08%/yr vs 9.67%/yr for IGD. Their 0.49 correlation means their historical movements had little consistent relationship. GLV charges 0.02%/yr vs 0.01%/yr for IGD.

Performance

GLV vs. IGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Clough Global Dividend and Income Fund (GLV) and Voya Global Equity Dividend and Premium Opportunity Fund (IGD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLV achieves a 12.58% return, which is significantly lower than IGD's 21.14% return. Over the past 10 years, GLV has underperformed IGD with an annualized return of 5.08%, while IGD has yielded a comparatively higher 9.67% annualized return.

GLV

• 1D: 0.32%
• 1M: -2.96%
• 6M: 6.58%
• YTD: 12.58%
• 1Y: 25.91%
• 3Y*: 17.06%
• 5Y*: -0.41%
• 10Y*: 5.08%
• ALL TIME*: 5.05%

IGD

• 1D: 0.62%
• 1M: 6.99%
• 6M: 18.24%
• YTD: 21.14%
• 1Y: 28.00%
• 3Y*: 21.42%
• 5Y*: 12.47%
• 10Y*: 9.67%
• ALL TIME*: 5.74%

*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)
GLV Clough Global Dividend and Income Fund	$296.52K	$282.00K	$316.61K
IGD Voya Global Equity Dividend and Premium Opportunity Fund	$1.64M	$1.78M	$1.90M

GLV vs. IGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLV Clough Global Dividend and Income Fund	12.58%	23.01%	17.85%	-8.45%	-31.93%	14.47%	7.91%	22.40%	-16.22%	22.36%
IGD Voya Global Equity Dividend and Premium Opportunity Fund	21.14%	18.22%	22.44%	1.00%	-5.01%	29.11%	-7.25%	16.91%	-16.19%	25.85%

Correlation

The correlation between GLV and IGD is 0.34, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.34
Correlation (3Y) Balances recent behavior with more history.	0.39
Correlation (5Y) Shows whether the relationship held over a longer period.	0.43
Correlation (10Y) Provides a long-term view across more market conditions.	0.44
Correlation (All Time) Calculated using the full available price history since Mar 29, 2005	0.49

The correlation between GLV and IGD shifts across timeframes, from 0.34 (1 year) to 0.49 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GLV vs. IGD — Risk / Return Rank

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

GLV

GLV Risk / Return Rank: 78
GLV Sharpe Ratio Rank: 79
GLV Sortino Ratio Rank: 79
GLV Omega Ratio Rank: 74
GLV Calmar Ratio Rank: 86
GLV Martin Ratio Rank: 73

IGD

IGD Risk / Return Rank: 90
IGD Sharpe Ratio Rank: 91
IGD Sortino Ratio Rank: 86
IGD Omega Ratio Rank: 83
IGD Calmar Ratio Rank: 96
IGD Martin Ratio Rank: 94

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.

GLV vs. IGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Clough Global Dividend and Income Fund (GLV) and Voya Global Equity Dividend and Premium Opportunity Fund (IGD). 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	IGD	Difference
Sharpe ratio: Return per unit of total volatility	1.93	2.33	-0.40
Sortino ratio: Return per unit of downside risk	2.78	3.16	-0.38
Omega ratio: Gain probability vs. loss probability	1.34	1.40	-0.06
Calmar ratio: Return relative to maximum drawdown	3.17	4.54	-1.37
Martin ratio: Return relative to average drawdown	9.58	15.37	-5.79

GLV vs. IGD - Sharpe Ratio Comparison

The current GLV Sharpe Ratio is 1.93, which is comparable to the IGD Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of GLV and IGD, 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

GLV vs. IGD - Drawdown Comparison

The maximum GLV drawdown since its inception was -61.66%, roughly equal to the maximum IGD drawdown of -59.29%. Use the drawdown chart below to compare losses from any high point for GLV and IGD.

Drawdown Indicators

	GLV	IGD	Difference
Max Drawdown Largest peak-to-trough decline	-61.66%	-59.29%	-2.37%
Max Drawdown (1Y) Largest decline over 1 year	-8.21%	-6.20%	-2.01%
Max Drawdown (3Y) Largest decline over 3 years	-12.03%	-11.01%	-1.02%
Max Drawdown (5Y) Largest decline over 5 years	-47.37%	-15.81%	-31.56%
Max Drawdown (10Y) Largest decline over 10 years	-47.37%	-41.03%	-6.34%
Current Drawdown Current decline from peak	-5.30%	0.00%	-5.30%
Average Drawdown Average peak-to-trough decline	-14.81%	-9.82%	-4.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.71%	1.83%	+0.88%

Volatility

GLV vs. IGD - Volatility Comparison

The current volatility for Clough Global Dividend and Income Fund (GLV) is 3.13%, while Voya Global Equity Dividend and Premium Opportunity Fund (IGD) has a volatility of 3.32%. This indicates that GLV experiences smaller price fluctuations and is considered to be less risky than IGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLV	IGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.13%	3.32%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	10.82%	9.89%	+0.93%
Volatility (1Y) Calculated over the trailing 1-year period	13.50%	12.09%	+1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.98%	14.60%	+2.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.88%	16.49%	+3.39%

GLV vs. IGD - Expense Ratio Comparison

GLV has a 0.02% expense ratio, which is higher than IGD's 0.02% 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%.

Dividends

GLV vs. IGD - Dividend Comparison

GLV's dividend yield for the trailing twelve months is around 10.45%, more than IGD's 9.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLV Clough Global Dividend and Income Fund	10.45%	10.57%	11.64%	13.92%	16.99%	10.82%	11.67%	11.17%	13.68%	10.00%	11.26%	10.69%
IGD Voya Global Equity Dividend and Premium Opportunity Fund	9.94%	11.36%	11.44%	9.66%	8.87%	7.73%	9.20%	10.47%	12.49%	9.45%	13.23%	13.03%

Frequently Asked Questions

Can I hold both GLV and IGD in my portfolio?

GLV and IGD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLV or IGD?

IGD has higher volatility (3.32%) compared to GLV (3.13%). In terms of maximum drawdown, GLV dropped -61.66% vs IGD's -59.29%.

Which has better risk-adjusted returns?

IGD currently has the higher Sharpe Ratio (2.33 vs 1.93), 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.