
Cancel anytime
- Chart
- Upturn Summary
- Highlights
Upturn AI SWOT
- About
Change Finance Diversified Imp US Large Cap Fossil Fuel Free (CHGX)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
07/21/2025: CHGX (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 Advisory Performance ![]() | ETF Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
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 |
Upturn AI SWOT
Change Finance Diversified Imp US Large Cap Fossil Fuel Free
ETF Overview
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.
Reputation and Reliability
Change Finance is a smaller ETF issuer focused on socially responsible investing, offering a limited range of impact-focused ETFs.
Management Expertise
Change Finance focuses on socially responsible investing and has expertise in ESG integration and impact measurement.
Investment Objective
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
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
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.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.