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CHGX
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Change Finance Diversified Imp US Large Cap Fossil Fuel Free (CHGX)

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$26.08
Last Close (24-hour delay)
Profit since last BUY-0.08%
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Consider higher Upturn Star rating
BUY since 14 days
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  • SELL Advisory (Loss)​
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Upturn Advisory Summary

07/21/2025: CHGX (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type ETF
Historic Profit -0.08%
Avg. Invested days 14
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
ETF Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 07/21/2025

Key Highlights

Volume (30-day avg) -
Beta 1.05
52 Weeks Range 20.56 - 40.49
Updated Date 06/29/2025
52 Weeks Range 20.56 - 40.49
Updated Date 06/29/2025

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Change Finance Diversified Imp US Large Cap Fossil Fuel Free

ETF Overview

overview logo Overview

The Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free ETF (CHGX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Change Finance U.S. Large Cap Diversified Impact Index. This index is designed to exclude companies that are significantly involved in the fossil fuel industry and to overweight companies with positive environmental, social, and governance (ESG) characteristics.

reliability logo Reputation and Reliability

Change Finance is a smaller ETF issuer focused on socially responsible investing, offering a limited range of impact-focused ETFs.

reliability logo Management Expertise

Change Finance focuses on socially responsible investing and has expertise in ESG integration and impact measurement.

Investment Objective

overview logo Goal

To track the Change Finance U.S. Large Cap Diversified Impact Index, excluding fossil fuel companies and overweighting positive ESG companies.

Investment Approach and Strategy

Strategy: Tracks an index designed to exclude fossil fuel companies and overweight companies with positive ESG characteristics.

Composition Primarily holds large-cap U.S. equities that meet the index's ESG criteria. It avoids companies heavily involved in fossil fuels and emphasizes those with strong ESG profiles.

Market Position

Market Share: CHGX holds a relatively small market share within the ESG-focused large-cap ETF space.

Total Net Assets (AUM): 116413740

Competitors

overview logo Key Competitors

  • ESGU
  • CRBN
  • SUSA

Competitive Landscape

The ESG ETF market is highly competitive, with many large players like iShares (ESGU) and State Street (CRBN). CHGX differentiates itself through its specific fossil fuel exclusion and diversified impact approach. However, its smaller size and less established brand recognition put it at a disadvantage compared to larger competitors.

Financial Performance

Historical Performance: Historical performance data needs to be sourced from financial data providers.

Benchmark Comparison: Comparison against the S&P 500 or a broad ESG index is crucial to gauge performance.

Expense Ratio: 0.2

Liquidity

Average Trading Volume

The average trading volume for CHGX is moderate, which can impact the ease of buying and selling shares. As of late October 2024, CHGX trades between 3,000 and 10,000 shares per day, with an occasional spike to about 20,000.

Bid-Ask Spread

The bid-ask spread for CHGX is typically moderate, reflecting its trading volume and liquidity.

Market Dynamics

Market Environment Factors

Demand for ESG investing, regulatory trends, and economic conditions influence CHGX's performance. The performance of large-cap U.S. equities also plays a key role.

Growth Trajectory

The growth trajectory depends on increasing investor interest in ESG and impact investing, as well as the overall performance of the U.S. stock market. Changes in the index methodology or holdings could also impact its future performance.

Moat and Competitive Advantages

Competitive Edge

CHGX's competitive edge lies in its strict fossil fuel exclusion and diversified impact approach, attracting investors specifically seeking to avoid fossil fuel investments while still maintaining broad market exposure. This niche focus within the ESG space distinguishes it from more general ESG ETFs. The fund's approach to selecting companies with strong ESG profiles aims to provide long-term value and alignment with investor values. However, CHGX faces challenges in gaining market share against larger, more established ESG ETFs.

Risk Analysis

Volatility

CHGX's volatility is expected to be similar to that of the broad U.S. large-cap equity market, but its ESG focus could introduce some tracking error compared to traditional market benchmarks.

Market Risk

CHGX is subject to market risk, including the risk of declines in the overall stock market. Its specific focus on ESG factors could also lead to underperformance if ESG-favored companies underperform the broader market.

Investor Profile

Ideal Investor Profile

The ideal investor for CHGX is someone who is focused on ESG-focused investors interested in aligning their investments with their values, particularly those seeking to avoid fossil fuel exposure.

Market Risk

CHGX is suitable for long-term investors seeking exposure to the U.S. large-cap market with an ESG focus. It can be used as a core holding in a diversified portfolio or as a satellite holding to express specific ESG preferences.

Summary

Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free ETF (CHGX) offers investors exposure to U.S. large-cap equities while excluding companies significantly involved in the fossil fuel industry. The ETF aims to track an index focused on companies with positive environmental, social, and governance (ESG) characteristics. While providing targeted ESG exposure, CHGX faces challenges due to its relatively small AUM and the competitive nature of the ESG ETF market. Investors seeking a fossil fuel-free U.S. large-cap equity allocation may find CHGX a suitable option, but should consider its liquidity and expense ratio compared to larger competitors.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Change Finance
  • ETF.com
  • Morningstar
  • Bloomberg

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Investors should conduct their own due diligence before making any investment decisions. Market data can change rapidly.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Change Finance Diversified Imp US Large Cap Fossil Fuel Free

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The index measures the performance of an equal-weighted portfolio of approximately 100 large-, mid-capitalization equity securities of U.S.-listed companies. The fund adviser attempts to invest all, or substantially all, of its assets in the component securities that make up the index. The adviser expects that, over time, the correlation between the fund"s performance and that of the index will be 95% or better.