SAGP vs. INFL

Last updated Apr 2, 2026

Compare and contrast key facts about Strategas Global Policy Opportunities ETF (SAGP) and Horizon Kinetics Inflation Beneficiaries ETF (INFL).

SAGP and INFL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SAGP is an actively managed fund by Strategas. It was launched on Jan 25, 2022. INFL is an actively managed fund by Horizon Kinetics LLC. It was launched on Jan 11, 2021.

Performance

SAGP vs. INFL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategas Global Policy Opportunities ETF (SAGP) and Horizon Kinetics Inflation Beneficiaries ETF (INFL). The values are adjusted to include any dividend payments, if applicable.

SAGP vs. INFL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SAGP Strategas Global Policy Opportunities ETF	2.24%	23.02%	12.03%	11.26%	-4.65%
INFL Horizon Kinetics Inflation Beneficiaries ETF	16.92%	18.30%	23.34%	1.62%	6.97%

Returns By Period

In the year-to-date period, SAGP achieves a 2.24% return, which is significantly lower than INFL's 16.92% return.

SAGP

• 1D: 0.96%
• 1M: -5.96%
• YTD: 2.24%
• 6M: 3.33%
• 1Y: 18.73%
• 3Y*: 14.81%
• 5Y*: —
• 10Y*: —

INFL

• 1D: -0.31%
• 1M: -5.75%
• YTD: 16.92%
• 6M: 16.27%
• 1Y: 28.33%
• 3Y*: 20.85%
• 5Y*: 15.13%
• 10Y*: —

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

SAGP vs. INFL - Expense Ratio Comparison

SAGP has a 0.65% expense ratio, which is lower than INFL's 0.85% expense ratio.

INFL

Horizon Kinetics Inflation Beneficiaries ETF

SAGP

Strategas Global Policy Opportunities ETF

Return for Risk

SAGP vs. INFL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SAGP

SAGP Risk / Return Rank: 62
SAGP Sharpe Ratio Rank: 63
SAGP Sortino Ratio Rank: 64
SAGP Omega Ratio Rank: 57
SAGP Calmar Ratio Rank: 65
SAGP Martin Ratio Rank: 61

INFL

INFL Risk / Return Rank: 77
INFL Sharpe Ratio Rank: 76
INFL Sortino Ratio Rank: 74
INFL Omega Ratio Rank: 74
INFL Calmar Ratio Rank: 78
INFL Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SAGP vs. INFL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategas Global Policy Opportunities ETF (SAGP) and Horizon Kinetics Inflation Beneficiaries ETF (INFL). 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.

	SAGP	INFL	Difference
Sharpe ratio Return per unit of total volatility	1.17	1.46	-0.28
Sortino ratio Return per unit of downside risk	1.72	1.93	-0.21
Omega ratio Gain probability vs. loss probability	1.23	1.29	-0.06
Calmar ratio Return relative to maximum drawdown	1.86	2.25	-0.40
Martin ratio Return relative to average drawdown	6.86	9.54	-2.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SAGP vs. INFL - Sharpe Ratio Comparison

The current SAGP Sharpe Ratio is 1.17, which is comparable to the INFL Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of SAGP and INFL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SAGP	INFL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	1.46	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.93	-0.28

Correlation

The correlation between SAGP and INFL is 0.67, 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

SAGP vs. INFL - Dividend Comparison

SAGP's dividend yield for the trailing twelve months is around 3.37%, more than INFL's 0.91% yield.

	TTM	2025	2024	2023	2022	2021
SAGP Strategas Global Policy Opportunities ETF	3.37%	3.45%	2.23%	0.94%	0.51%	0.00%
INFL Horizon Kinetics Inflation Beneficiaries ETF	0.91%	1.26%	1.77%	1.60%	1.65%	0.91%

Drawdowns

SAGP vs. INFL - Drawdown Comparison

The maximum SAGP drawdown since its inception was -22.90%, which is greater than INFL's maximum drawdown of -21.30%. Use the drawdown chart below to compare losses from any high point for SAGP and INFL.

Drawdown Indicators

	SAGP	INFL	Difference
Max Drawdown Largest peak-to-trough decline	-22.90%	-21.30%	-1.60%
Max Drawdown (1Y) Largest decline over 1 year	-10.13%	-12.89%	+2.76%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.30%	—
Current Drawdown Current decline from peak	-5.96%	-5.75%	-0.21%
Average Drawdown Average peak-to-trough decline	-5.05%	-5.14%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	3.04%	-0.30%

Volatility

SAGP vs. INFL - Volatility Comparison

Strategas Global Policy Opportunities ETF (SAGP) and Horizon Kinetics Inflation Beneficiaries ETF (INFL) have volatilities of 5.21% and 5.05%, 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.

Volatility by Period

	SAGP	INFL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	5.05%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	10.03%	13.53%	-3.50%
Volatility (1Y) Calculated over the trailing 1-year period	16.02%	19.55%	-3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.62%	17.69%	-2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.62%	17.78%	-2.16%