INFL vs SPGM
Comparison between HORIZON KINETICS INFLATION BENEFICIARIES ETF (INFL, ETF) and STATE STREET(R) SPDR(R) PORTFOLIO MSCI GLOBAL STOCK MARKET ETF (SPGM, ETF).
5-Year PerformanceINFL has outperformed SPGM, delivering a return of +11.8% compared to +11.3%
INFL vs SPGM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
INFL
$1.60B
Winner
SPGM
$1.70B
Expense Ratio
INFL
0.85%
Winner
SPGM
0.09%
Max Drawdown
Winner
INFL
21.77%
SPGM
33.97%
Sharpe Ratio
INFL
0.86
Winner
SPGM
1.68
5Y Beta
Winner
INFL
0.68
SPGM
0.91
P/E Ratio
INFL
N/A
SPGM
27.34
Forward P/E
INFL
N/A
SPGM
20.03
5Y Dividends CAGR
INFL
N/A
SPGM
13.19%
5Y EPS CAGR
INFL
N/A
SPGM
23.07%
P/S Ratio
INFL
N/A
SPGM
0.31
P/B Ratio
INFL
N/A
SPGM
4.77
INFL vs SPGM - Holdings Comparison
INFL and SPGM have 7 common holdings. Overlap is 0.44%
INFL's top 25 holdings weight is 85.17%. SPGM's top 25 holdings weight is 29.28%.
| Rank | INFL | SPGM |
|---|---|---|
| #1 | WHEATON PRECIOUS METALS CORP (n/a) - 5.99% | NVIDIA CORP (NVDA) - 4.15% |
| #2 | LANDBRIDGE CO LLC CLASS A SHARES (LB) - 5.91% | APPLE INC (AAPL) - 3.64% |
| #3 | PRAIRIESKY ROYALTY LTD (PREKF) - 5.10% | MICROSOFT CORP (MSFT) - 2.61% |
| #4 | FRANCO-NEVADA CORP (n/a) - 4.95% | AMAZON.COM INC (AMZN) - 1.85% |
| #5 | WATERBRIDGE INFRASTRUCTURE LLC ORDINARY SHARES CLASS A (WBI) - 4.84% | ALPHABET INC CLASS A (GOOGL) - 1.53% |
| #6 | VIPER ENERGY INC ORDINARY SHARES CLASS A (VNOM) - 4.69% | ALPHABET INC CLASS C (GOOG) - 1.52% |
| #7 | US BANK MMDA USBGFS 7 (n/a) - 4.61% | BROADCOM INC (AVGO) - 1.40% |
| #8 | CAMECO CORP (n/a) - 4.59% | n/a (TSM) - 1.38% |
| #9 | TEXAS PACIFIC LAND CORP (TPL) - 4.09% | META PLATFORMS INC CLASS A (META) - 1.29% |
| #10 | OR ROYALTIES INC (n/a) - 3.80% | TESLA INC (TSLA) - 1.06% |
| #11 | SINGAPORE EXCHANGE LTD (n/a) - 3.31% | JPMORGAN CHASE & CO (JPM) - 0.90% |
| #12 | PERMIAN BASIN ROYALTY TRUST (PBT) - 3.09% | EXXON MOBIL CORP (XOM) - 0.80% |
| #13 | INTERCONTINENTAL EXCHANGE INC (ICE) - 3.08% | ELI LILLY AND CO (LLY) - 0.70% |
| #14 | HAWAIIAN ELECTRIC INDUSTRIES INC (HE) - 2.95% | SAMSUNG ELECTRONICS CO LTD DR (SSNHZ) - 0.66% |
| #15 | CHENIERE ENERGY INC (LNG) - 2.69% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.63% |
| #16 | MIAMI INTERNATIONAL HOLDINGS INC (MIAX) - 2.61% | VISA INC CLASS A (V) - 0.58% |
| #17 | BUNGE GLOBAL SA (BG) - 2.57% | ASML HOLDING NV (n/a) - 0.56% |
| #18 | DEUTSCHE BOERSE AG (n/a) - 2.51% | CHEVRON CORP (CVX) - 0.53% |
| #19 | CME GROUP INC CLASS A (CME) - 2.35% | COSTCO WHOLESALE CORP (COST) - 0.52% |
| #20 | TOPAZ ENERGY CORP ORDINARY SHARES (n/a) - 2.33% | WALMART INC (WMT) - 0.51% |
| #21 | GLENCORE PLC (n/a) - 2.17% | JOHNSON & JOHNSON (JNJ) - 0.51% |
| #22 | TMX GROUP LTD (n/a) - 2.00% | CHUBB LTD (CB) - 0.50% |
| #23 | EAGLEROCK LAND LLC CLASS A (EROK) - 1.81% | TENCENT HOLDINGS LTD (n/a) - 0.50% |
| #24 | MARSH (MRSH) - 1.58% | NESTLE SA (n/a) - 0.50% |
| #25 | SPROTT INC (SII) - 1.55% | CATERPILLAR INC (CAT) - 0.45% |
| Total Holdings | 54 | 2333 |
INFL vs SPGM - Historical Returns
Returns include dividend reinvestment.
1M
INFL
-7.92%
Winner
SPGM
-0.09%
3M
INFL
-4.20%
Winner
SPGM
+12.19%
6M
INFL
+9.44%
Winner
SPGM
+9.88%
1Y
INFL
+18.21%
Winner
SPGM
+28.35%
5Y(CAGR)
Winner
INFL
+11.80%
SPGM
+11.26%
10Y(CAGR)
INFL
N/A
SPGM
+13.27%
Max(CAGR)
Winner
INFL
+14.59%
SPGM
+12.56%
INFL vs SPGM - Annual Returns (2012 - 2026)
Returns include dividend reinvestment.
| Year | INFL | SPGM |
|---|---|---|
| 2026 | +9.78% | +9.92% |
| 2025 | +16.90% | +23.70% |
| 2024 | +24.36% | +17.65% |
| 2023 | +3.96% | +21.33% |
| 2022 | +2.97% | -17.95% |
| 2021 | +24.78% | +20.77% |
| 2020 | N/A | +14.24% |
| 2019 | N/A | +27.70% |
| 2018 | N/A | -8.85% |
| 2017 | N/A | +25.00% |
| 2016 | N/A | +12.47% |
| 2015 | N/A | +1.18% |
| 2014 | N/A | +13.98% |
| 2013 | N/A | +22.99% |
| 2012 | N/A | +3.69% |
INFL vs SPGM Drawdown Comparison
The maximum drawdown for INFL was -21.30%, occurring on Sep 26, 2022. Recovery took 552 trading sessions.
The maximum drawdown for SPGM was -33.97%, occurring on Mar 23, 2020. Recovery took 134 trading sessions.
The current INFL drawdown is -10.92%. The current SPGM drawdown is -2.70%.
| Rank | INFL | SPGM |
|---|---|---|
| #1 | -21.30% Apr 20, 2022 - Jul 2, 2024 | -33.97% Feb 12, 2020 - Aug 24, 2020 |
| #2 | -15.56% Nov 22, 2024 - May 20, 2025 | -25.92% Jan 4, 2022 - Jan 25, 2024 |
| #3 | -10.92% Mar 2, 2026 - Jun 23, 2026 | -20.73% Jun 19, 2015 - Jul 26, 2016 |
| #4 | -8.15% Nov 9, 2021 - Mar 2, 2022 | -17.94% Jan 26, 2018 - Apr 29, 2019 |
| #5 | -7.17% Nov 12, 2025 - Jan 9, 2026 | -16.90% Feb 18, 2025 - Jun 2, 2025 |
| #6 | -6.49% Jul 31, 2024 - Aug 19, 2024 | -13.83% Jul 10, 2014 - Dec 3, 2014 |
| #7 | -5.94% Jun 15, 2021 - Sep 2, 2021 | -11.87% Mar 19, 2012 - Sep 13, 2012 |
| #8 | -5.49% Jan 29, 2026 - Feb 11, 2026 | -9.50% Feb 25, 2026 - Apr 15, 2026 |
| #9 | -4.78% Oct 6, 2025 - Nov 11, 2025 | -8.55% Jul 16, 2024 - Aug 30, 2024 |
| #10 | -4.70% Feb 24, 2021 - Mar 10, 2021 | -8.44% Dec 16, 2013 - May 13, 2014 |
| #11 | -4.56% Mar 17, 2021 - Apr 6, 2021 | -7.49% Sep 2, 2020 - Nov 9, 2020 |
| #12 | -4.52% Jan 20, 2021 - Feb 5, 2021 | -7.13% May 21, 2013 - Jul 17, 2013 |
| #13 | -4.26% Aug 23, 2024 - Sep 19, 2024 | -6.95% Jul 24, 2019 - Oct 24, 2019 |
| #14 | -4.17% Sep 3, 2021 - Oct 13, 2021 | -6.72% Jul 26, 2016 - Dec 8, 2016 |
| #15 | -3.59% Jun 13, 2025 - Aug 22, 2025 | -6.25% Apr 29, 2019 - Jun 19, 2019 |
Correlation
Correlation between INFL and SPGM is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (2012 - 2026)
INFL vs SPGM dividend yield comparison.
| Year | INFL | SPGM |
|---|---|---|
| 2026 | 0.16% | 0.79% |
| 2025 | 1.26% | 1.89% |
| 2024 | 1.78% | 1.98% |
| 2023 | 1.60% | 2.09% |
| 2022 | 1.65% | 2.37% |
| 2021 | 0.91% | 1.94% |
| 2020 | 0.00% | 1.45% |
| 2019 | 0.00% | 3.49% |
| 2018 | 0.00% | 3.77% |
| 2017 | 0.00% | 4.57% |
| 2016 | 0.00% | 3.74% |
| 2015 | 0.00% | 7.40% |
| 2014 | 0.00% | 4.37% |
| 2013 | 0.00% | 3.49% |
| 2012 | 0.00% | 4.52% |
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