Change Finance Diversified Impact US Large Cap Fossil Fuel
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
CHGX tracks an index of 100 US large-cap stocks that meet diverse environmental, social, and governance standards. |
Category | US Equities |
Fund Sponsor | Change Finance |
Website | changefinanceetf.com |
Inception date | Oct 10, 2017 |
Assets (mns) | $11 |
Currency | USD |
Expense ratio | 49 bp |
Distributions | Annually |
Regulation | Open-Ended Fund |
Custodian | |
Weighting | Tiered |
Index replication | |
Uses derivatives | No |
Options available | No |
No. of constituents | 98 |
Wgt avg mkt cap (mns) | $103,937 |
Large cap (>$10bn) | 88.6% |
Mid cap ($2-10bn) | 11.4% |
Small cap (<$2bn) | 0.0% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
PVH CORP | 1.3 % |
CENTURYTEL INC | 1.3 % |
NVIDIA CORP | 1.2 % |
SCHWAB (CHARLES) CORP | 1.2 % |
APPLE INC | 1.2 % |
HEWLETT PACKARD ENTERPRISE CO. | 1.2 % |
CVS CAREMARK CORP | 1.2 % |
BANK OF AMERICA CORP | 1.2 % |
PARKER HANNIFIN CORP | 1.2 % |
MORGAN STANLEY | 1.2 % | Total | 12.2 % |
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UNITED STATES | 92.4 % |
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IRELAND | 4.2 % |
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BRITAIN | 2.1 % |
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SWITZERLAND | 0.9 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
29.6% | 17.2% | -- | -- | 12.3% |
versus... | Beta | R-squared |
S&P500 | 1.05 | 94% |
MSCI EAFE | 1.08 | 76% |
MSCI Emg. Mkts. | 0.78 | 61% |
Recent close | $22.60 |
30d moving avg. | $22.27 |
Annualized volatility | 15.5% |
Short interest (ETF) | 2.3% |
Relative strength (RSI) | 68 |
Avg. volume (thou.) | 3 |
Turnover | 0.6% |
Bid/Ask (% of price) | 0.25% |
ADV underlying (mns) | $44,122 |
FINDING ALTERNATIVE FUNDS
Below is a list of 20 potential alternatives to the Change Finance Diversified Impact US Large Cap Fossil Fuel ETF based on the alternatives' overlap in portfolio holdings with CHGX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | CHGX | Expense: | 49 bp | ALTAR Score™: | 6.1% |
Ticker | Fund Name |
Overlap1 vs CHGX (%) |
Expense ratio (bp) |
Savings vs CHGX (bp) |
ALTAR Score™ (%) |
ALTAR vs CHGX (%) |
EQWL | Invesco Fundamental Pure Large Core | 30.9 | 25 | 24 | 6.3 | +0.3 |
KRMA | Global X Conscious Companies | 30.3 | 43 | 6 | 5.7 | -0.4 |
ESGU | iShares MSCI USA ESG Optimized | 29.4 | 15 | 34 | 5.6 | -0.5 |
IWL | iShares Russell Top 200 | 28.7 | 15 | 34 | 5.7 | -0.4 |
NULC | Nuveen ESG Large-Cap ETF | 28.4 | 20 | 29 | 5.3 | -0.8 |
JUST | Goldman Sachs JUST U.S. Large Cap Equity | 28.4 | 20 | 29 | 5.6 | -0.5 |
MGC | Vanguard Mega Cap 300 ETF | 28.2 | 7 | 42 | 5.9 | -0.2 |
SPXE | ProShares S&P 500 Ex-Energy | 27.7 | 27 | 22 | 5.9 | -0.2 |
RYT | Invesco S&P Equal Weight Technology | 27.5 | 40 | 9 | 6.5 | +0.4 |
PRID | InsightShares LGBT Employment Equality | 27.4 | 65 | -16 | 5.4 | -0.7 |
JQUA | JPMorgan U.S. Quality Factor | 27.4 | 12 | 37 | 5.8 | -0.3 |
JKE | iShares Morningstar Large Cap Growth | 27.3 | 25 | 24 | 4.0 | -2.1 |
SPYX | SPDR S&P 500 Fossil Fuel Reserves Free | 27.3 | 20 | 29 | 5.9 | -0.2 |
OVOL | Invesco Russell 1000 Low Volatility Factor ETF | 27.1 | 19 | 30 | 5.7 | -0.4 |
PBP | Invesco S&P 500 Buy/Write | 27.0 | 49 | 0 | 5.5 | -0.6 |
SNPE | Xtrackers S&P 500 ESG | 27.0 | 11 | 38 | 5.8 | -0.3 |
HSPX | Global X S&P 500 Covered Call | 26.7 | 65 | -16 | 5.3 | -0.8 |
SPY | S&P 500 SPDR | 26.7 | 9 | 40 | 5.9 | -0.2 |
FLLV | Franklin Liberty U.S. Low Volatility | 26.7 | 29 | 20 | 5.3 | -0.8 |
XOUT | GraniteShares XOUT US Large Cap | 26.4 | 60 | -11 | 5.1 | -1.0 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2014 | 2015 | 2016 | 2017 | 2018 | 2019E | 2020E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2018 | 2019E | 2020E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
Change Finance Diversified Impact US Large Cap Fossil Fuel | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
NEUTRAL |
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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