EFIV - CHGX: Equal-Weight ESG ETF

2025-04-28 01:55:05 ET

Summary

• Stance Sustainable Beta ETF has a portfolio of 100 stocks focused on ESG criteria, excluding fossil fuels and tobacco.
• CHGX is well-diversified in holdings due to its equal-weight methodology, but quite concentrated in the technology sector.
• Despite outperforming competitors since November 2024, CHGX has underperformed some of them and the S&P 500 since inception.
• Average performance, high expense ratio, and low liquidity make CHGX less compelling compared to other ESG ETFs.

CHGX strategy

Stance Sustainable Beta ETF ( CHGX ) was launched on 10/09/2017 as AXS Change Finance ESG ETF, then changed names and was reorganized on 4/4/2025. It tracks the Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index. According to Stance Capital , the reorganization didn’t change significantly the strategy and portfolio management team. CHGX has 102 holdings and an expense ratio of 0.49%....

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