CHGX vs. GRW

Last updated Jun 5, 2026

CHGX (Change Finance U.S. Large Cap Fossil Fuel Free ETF) and GRW (TCW Durable Growth ETF) are both Large Cap Growth Equities funds. CHGX is passively managed, while GRW is actively managed. Their correlation of 0.80 suggests significant overlap in exposure. CHGX charges 0.49%/yr vs 0.75%/yr for GRW.

Performance

CHGX vs. GRW - 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 TCW Durable Growth ETF (GRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CHGX

• 1D: 0.28%
• 1M: 9.49%
• YTD: 23.15%
• 6M: 22.44%
• 1Y: 34.23%
• 3Y*: 21.36%
• 5Y*: 11.19%
• 10Y*: —

GRW

• 1D: 0.18%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CHGX vs. GRW - Yearly Performance Comparison

	2026 (YTD)
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF	2.96%
GRW TCW Durable Growth ETF	1.46%

Correlation

The correlation between CHGX and GRW is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.80

CHGX vs. GRW - Sectors Allocation Comparison

Sectors	CHGX	GRW
Technology	29.7%	26.6%
Financial Services	17.7%	9.8%
Healthcare	15.7%	4.1%
Consumer Cyclical	12.0%	8.3%
Communication Services	8.9%	9.1%
Industrials	5.8%	38.1%
Real Estate	4.1%	-
Basic Materials	3.3%	4.0%
Consumer Defensive	2.9%	-
Energy	2.2%	-
Utilities	1.0%	-

Return for Risk

CHGX vs. GRW — Risk / Return Rank

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

CHGX

CHGX Risk / Return Rank: 78
CHGX Sharpe Ratio Rank: 79
CHGX Sortino Ratio Rank: 79
CHGX Omega Ratio Rank: 73
CHGX Calmar Ratio Rank: 79
CHGX Martin Ratio Rank: 81

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. GRW - 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 TCW Durable Growth ETF (GRW). 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.

	CHGX	GRW	Difference
Sharpe ratio: Return per unit of total volatility	2.52	—	—
Sortino ratio: Return per unit of downside risk	3.47	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	4.05	—	—
Martin ratio: Return relative to average drawdown	15.96	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CHGX	GRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	13.58	-12.86

Drawdowns

CHGX vs. GRW - Drawdown Comparison

The maximum CHGX drawdown since its inception was -35.49%, which is greater than GRW's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for CHGX and GRW.

Drawdown Indicators

	CHGX	GRW	Difference
Max Drawdown Largest peak-to-trough decline	-35.49%	-0.45%	-35.04%
Max Drawdown (1Y) Largest decline over 1 year	-8.50%	—	—
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	-0.09%	-0.27%	+0.18%
Average Drawdown Average peak-to-trough decline	-6.43%	-0.17%	-6.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	—	—

Volatility

Volatility by Period

	CHGX	GRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.67%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.67%	8.89%	+4.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.57%	8.89%	+8.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.35%	8.89%	+10.46%

CHGX vs. GRW - Expense Ratio Comparison

CHGX has a 0.49% expense ratio, which is lower than GRW's 0.75% expense ratio.

Dividends

CHGX vs. GRW - Dividend Comparison

CHGX's dividend yield for the trailing twelve months is around 0.55%, while GRW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF	0.55%	0.67%	0.76%	0.94%	1.11%	0.56%	0.58%	0.86%	0.00%	0.59%
GRW TCW Durable Growth ETF	0.00%	0.00%	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 GRW in my portfolio?

CHGX and GRW have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CHGX or GRW?

On fees, CHGX is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CHGX or GRW?

CHGX is cheaper with a 0.49% expense ratio, compared with 0.75% for GRW.

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

CHGX has the higher dividend yield at 0.55%, compared with 0.00% for GRW.

What is the main difference between CHGX and GRW?

They also come from different issuers: Change Finance and TCW. Their fees differ too: 0.49% for CHGX and 0.75% for GRW.