CHGX vs. EQT
Compare and contrast key facts about Change Finance U.S. Large Cap Fossil Fuel Free ETF (CHGX) and EQT Corporation (EQT).
CHGX is a passively managed fund by Change Finance that tracks the performance of the Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index. It was launched on Oct 10, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CHGX or EQT.
Key characteristics
| CHGX | EQT | |
|---|---|---|
| YTD Return | 4.46% | 2.46% |
| 1Y Return | 22.91% | 26.42% |
| 3Y Return (Ann) | 3.60% | 32.24% |
| 5Y Return (Ann) | 11.32% | 14.61% |
| Sharpe Ratio | 1.62 | 0.66 |
| Daily Std Dev | 12.76% | 34.09% |
| Max Drawdown | -35.50% | -91.53% |
| Current Drawdown | -5.41% | -30.11% |
Correlation
The correlation between CHGX and EQT is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CHGX vs. EQT - Performance Comparison
In the year-to-date period, CHGX achieves a 4.46% return, which is significantly higher than EQT's 2.46% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CHGX vs. EQT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Change Finance U.S. Large Cap Fossil Fuel Free ETF (CHGX) and EQT Corporation (EQT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
CHGX vs. EQT - Dividend Comparison
CHGX's dividend yield for the trailing twelve months is around 0.90%, less than EQT's 1.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF | 0.90% | 0.94% | 1.11% | 0.56% | 0.58% | 0.86% | 1.21% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% |
EQT EQT Corporation | 1.56% | 1.57% | 1.63% | 0.00% | 0.24% | 1.10% | 0.42% | 0.21% | 0.18% | 0.23% | 0.16% | 0.13% |
Drawdowns
CHGX vs. EQT - Drawdown Comparison
The maximum CHGX drawdown since its inception was -35.50%, smaller than the maximum EQT drawdown of -91.53%. Use the drawdown chart below to compare losses from any high point for CHGX and EQT. For additional features, visit the drawdowns tool.
Volatility
CHGX vs. EQT - Volatility Comparison
The current volatility for Change Finance U.S. Large Cap Fossil Fuel Free ETF (CHGX) is 3.74%, while EQT Corporation (EQT) has a volatility of 7.76%. This indicates that CHGX experiences smaller price fluctuations and is considered to be less risky than EQT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.