SAGP vs. GSG
SAGP (Strategas Global Policy Opportunities ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - SAGP is a Global Equities fund actively managed by Strategas, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. SAGP is actively managed, while GSG is passively managed. Over the past 3 years, SAGP returned 14.75%/yr vs 14.41%/yr for GSG. At a 0.10 correlation, their price movements are largely independent. SAGP charges 0.65%/yr vs 0.75%/yr for GSG.
Performance
SAGP vs. GSG - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SAGP achieves a 6.03% return, which is significantly lower than GSG's 32.35% return.
SAGP
- 1D
- -0.25%
- 1M
- 2.07%
- 6M
- 0.05%
- YTD
- 6.03%
- 1Y
- 13.15%
- 3Y*
- 14.75%
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- 3.60%
- 1M
- -0.20%
- 6M
- 28.24%
- YTD
- 32.35%
- 1Y
- 34.57%
- 3Y*
- 14.41%
- 5Y*
- 13.83%
- 10Y*
- 7.40%
SAGP vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SAGP Strategas Global Policy Opportunities ETF | 6.03% | 23.02% | 12.03% | 11.26% | -3.70% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.35% | 5.93% | 8.52% | -5.51% | 14.94% |
Correlation
The correlation between SAGP and GSG is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 25, 2022 | 0.10 |
The correlation between SAGP and GSG shifts across timeframes, from -0.16 (1 year) to 0.10 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SAGP vs. GSG — Risk / Return Rank
SAGP
GSG
SAGP vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategas Global Policy Opportunities ETF (SAGP) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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.
| SAGP | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.27 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.85 | -0.36 |
| Martin ratioReturn relative to average drawdown | 3.83 | 6.29 | -2.47 |
Loading charts...
Drawdowns
SAGP vs. GSG - Drawdown Comparison
The maximum SAGP drawdown since its inception was -22.90%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for SAGP and GSG.
Loading charts...
Drawdown Indicators
| SAGP | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.90% | -89.62% | +66.72% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -18.81% | +9.91% |
Max Drawdown (3Y)Largest decline over 3 years | -12.52% | -18.81% | +6.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -2.49% | -60.04% | +57.55% |
Average DrawdownAverage peak-to-trough decline | -5.01% | -63.69% | +58.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 5.51% | -2.07% |
Volatility
SAGP vs. GSG - Volatility Comparison
The current volatility for Strategas Global Policy Opportunities ETF (SAGP) is 3.39%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.35%. This indicates that SAGP experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SAGP | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 7.35% | -3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 9.77% | 21.50% | -11.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.17% | 23.48% | -10.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.45% | 22.80% | -7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.45% | 22.00% | -6.55% |
SAGP vs. GSG - Expense Ratio Comparison
SAGP has a 0.65% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
SAGP vs. GSG - Dividend Comparison
SAGP's dividend yield for the trailing twelve months is around 3.25%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SAGP Strategas Global Policy Opportunities ETF | 3.25% | 3.45% | 2.23% | 0.94% | 0.51% |
Frequently Asked Questions
SAGP and GSG have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.35%) compared to SAGP (3.39%). In terms of maximum drawdown, SAGP dropped -22.90% vs GSG's -89.62%.
On 3-year performance, SAGP leads with 14.75% vs 14.41% for GSG. On fees, SAGP is cheaper at 0.65% per year. On volatility, SAGP has been the lower-risk option at 3.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SAGP has performed better with a 14.75% return vs 14.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SAGP is cheaper with a 0.65% expense ratio, compared with 0.75% for GSG.
SAGP has the higher dividend yield at 3.25%, compared with 0.00% for GSG.
SAGP is categorized as Global Equities, while GSG is Commodities. They also come from different issuers: Strategas and iShares. Their fees differ too: 0.65% for SAGP and 0.75% for GSG.
GSG currently has the higher Sharpe Ratio (1.48 vs 1.00), 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.
Find the right allocation for SAGP and GSG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer