CHGX
AXS Change Finance ESG ETF
CHGX tracks an index of 100 US large-cap stocks that meet diverse environmental, social, and governance standards.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
131.5 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Fund sponsor | Change Finance |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 09, 2017 |
| Assets (mns) | $131 |
| Expense ratio | 49 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| SERVICENOW INC | 1.2 % |
| ADOBE SYSTEMS INC | 1.2 % |
| AUTODESK INC | 1.2 % |
| ORACLE CORP | 1.2 % |
| ACCENTURE PLC-CL A | 1.1 % |
| O'REILLY AUTOMOTIVE INC | 1.1 % |
| INTL BUSINESS MACHINES CORP | 1.1 % |
| S&P GLOBAL, INC. | 1.1 % |
| AON PLC CLASS A | 1.1 % |
| ABBVIE INC | 1.1 % |
Constituent Breakdown
| Number of holdings | 101 |
| Herfindahl-Hirschman Index | 100 |
| Wgt avg mkt cap (mns) | $222,265 |
| Large cap (>$10bn) | 98.9% |
| Mid cap ($2-10bn) | 1.1% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.6 % |
 |
IRELAND | 3.2 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 17.6% | 24.1% | 17.5% | 5.9% | 12.2% | -- | 12.2% | Volatility | 12.7% | 12.6% | 14.7% | 18.5% | 21.5% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.08 | 99% |
| MSCI EAFE | 0.95 | 75% |
| MSCI Emg Mkts | 0.68 | 39% |
Liquidity Measures
| Avg. volume (000) | 11 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $115,236 |
Technical Indicators
| Recent close | $38.67 |
| 30d moving avg. | $39.85 |
| Annualized volatility | 19.0% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.7% |
| Short interest (underlying) | 1.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CHGX |
Expenses vs. CHGX |
ALTAR Score™ vs. CHGX |
|---|---|---|---|---|
| QQQE | Direxion NASDAQ-100 Equal Weighted Index Shares | 36.6% | -14 bp | -0.8% |
| ROE | Astoria US Quality Kings ETF | 36.0% | 0 bp | +2.1% |
| QQEW | First Trust Nasdaq-100 Equal Weighted Index Fund | 35.5% | +9 bp | -0.8% |
| JOET | Virtus Terranova US Quality Momentum ETF | 34.7% | -20 bp | -0.4% |
| EQWL | Invesco S&P 100 Equal Weight ETF | 33.6% | -24 bp | +1.1% |
| JQUA | JPMorgan U.S. Quality Factor ETF | 33.4% | -37 bp | +0.5% |
| VEGN | US Vegan Climate ETF | 33.0% | +11 bp | -0.9% |
| KRMA | Global X Conscious Companies ETF | 32.2% | -6 bp | +0.4% |
| XMAG | Defiance Large Cap ex-Mag 7 ETF | 31.9% | -14 bp | -0.1% |
| USNZ | Xtrackers Net Zero Pathway Paris Aligned US Equity ETF | 31.8% | -39 bp | 0.0% |
Risk and Returns: CHGX vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
CHGX
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
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™
CHGX
5.4%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. CHGX's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places CHGX in the 47th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
CHGXSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| CHGX (49 bp) Percentile rank | 54 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CHGX | 49.0 | 7.5 | 56.5 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .