CHGX vs. GQGU

Last updated Jul 18, 2026

CHGX (Change Finance U.S. Large Cap Fossil Fuel Free ETF) and GQGU (GQG US Equity ETF) are both Large Cap Growth Equities funds. CHGX is passively managed, while GQGU is actively managed. Over the past year, CHGX returned 24.36% vs 5.06% for GQGU. At a correlation of -0.11, they often move in opposite directions. Both charge a 0.49% expense ratio.

Performance

CHGX vs. GQGU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Change Finance U.S. Large Cap Fossil Fuel Free ETF (CHGX) and GQG US Equity ETF (GQGU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHGX achieves a 18.42% return, which is significantly higher than GQGU's 5.66% return.

CHGX

• 1D: -0.97%
• 1M: -1.69%
• 6M: 15.50%
• YTD: 18.42%
• 1Y: 24.36%
• 3Y*: 16.96%
• 5Y*: 9.61%
• 10Y*: —

GQGU

• 1D: -0.08%
• 1M: 2.20%
• 6M: 4.36%
• YTD: 5.66%
• 1Y: 5.06%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CHGX vs. GQGU - Yearly Performance Comparison

	2026 (YTD)	2025
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF	18.42%	5.15%
GQGU GQG US Equity ETF	5.66%	-1.12%

Correlation

The correlation between CHGX and GQGU is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (All Time) Calculated using the full available price history since Jul 14, 2025	-0.11

Return for Risk

CHGX vs. GQGU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CHGX

CHGX Risk / Return Rank: 68
CHGX Sharpe Ratio Rank: 66
CHGX Sortino Ratio Rank: 65
CHGX Omega Ratio Rank: 60
CHGX Calmar Ratio Rank: 73
CHGX Martin Ratio Rank: 76

GQGU

GQGU Risk / Return Rank: 18
GQGU Sharpe Ratio Rank: 19
GQGU Sortino Ratio Rank: 18
GQGU Omega Ratio Rank: 17
GQGU Calmar Ratio Rank: 19
GQGU Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CHGX vs. GQGU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Change Finance U.S. Large Cap Fossil Fuel Free ETF (CHGX) and GQG US Equity ETF (GQGU). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CHGX	GQGU	Difference
Sharpe ratio: Return per unit of total volatility	1.68	0.48	+1.20
Sortino ratio: Return per unit of downside risk	2.36	0.76	+1.60
Omega ratio: Gain probability vs. loss probability	1.29	1.09	+0.20
Calmar ratio: Return relative to maximum drawdown	2.88	0.60	+2.27
Martin ratio: Return relative to average drawdown	10.72	1.45	+9.27

CHGX vs. GQGU - Sharpe Ratio Comparison

The current CHGX Sharpe Ratio is 1.68, which is higher than the GQGU Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of CHGX and GQGU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CHGX vs. GQGU - Drawdown Comparison

The maximum CHGX drawdown since its inception was -35.49%, which is greater than GQGU's maximum drawdown of -8.41%. Use the drawdown chart below to compare losses from any high point for CHGX and GQGU.

Drawdown Indicators

	CHGX	GQGU	Difference
Max Drawdown Largest peak-to-trough decline	-35.49%	-8.41%	-27.08%
Max Drawdown (1Y) Largest decline over 1 year	-8.50%	-8.41%	-0.09%
Max Drawdown (3Y) Largest decline over 3 years	-18.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.26%	—	—
Current Drawdown Current decline from peak	-3.93%	-5.49%	+1.56%
Average Drawdown Average peak-to-trough decline	-6.37%	-2.92%	-3.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.28%	3.50%	-1.22%

Volatility

CHGX vs. GQGU - Volatility Comparison

The current volatility for Change Finance U.S. Large Cap Fossil Fuel Free ETF (CHGX) is 3.58%, while GQG US Equity ETF (GQGU) has a volatility of 4.36%. This indicates that CHGX experiences smaller price fluctuations and is considered to be less risky than GQGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHGX	GQGU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.58%	4.36%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	11.79%	8.42%	+3.37%
Volatility (1Y) Calculated over the trailing 1-year period	14.59%	10.70%	+3.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.73%	10.66%	+7.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.33%	10.66%	+8.67%

CHGX vs. GQGU - Expense Ratio Comparison

Both CHGX and GQGU have an expense ratio of 0.49%.

Dividends

CHGX vs. GQGU - Dividend Comparison

CHGX's dividend yield for the trailing twelve months is around 0.57%, less than GQGU's 0.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF	0.57%	0.67%	0.76%	0.94%	1.11%	0.56%	0.58%	0.86%	0.00%	0.59%
GQGU GQG US Equity ETF	0.96%	1.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CHGX and GQGU in my portfolio?

CHGX and GQGU have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHGX or GQGU?

GQGU has higher volatility (4.36%) compared to CHGX (3.58%). In terms of maximum drawdown, CHGX dropped -35.49% vs GQGU's -8.41%.

Which ETF is better, CHGX or GQGU?

On 1-year performance, CHGX leads with 24.36% vs 5.06% for GQGU. Both ETFs have the same 0.49% expense ratio. On volatility, CHGX has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHGX or GQGU?

Over the 1-year period, CHGX has performed better with a 24.36% return vs 5.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHGX or GQGU?

CHGX and GQGU have the same expense ratio: 0.49% per year.

Which ETF pays a higher dividend yield, CHGX or GQGU?

GQGU has the higher dividend yield at 0.96%, compared with 0.57% for CHGX.

What is the main difference between CHGX and GQGU?

They also come from different issuers: Change Finance and GQG Partners.

Which has better risk-adjusted returns?

CHGX currently has the higher Sharpe Ratio (1.68 vs 0.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.