CHGX vs. ITOT

Last updated Jun 5, 2026

CHGX (Change Finance U.S. Large Cap Fossil Fuel Free ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both exchange-traded funds - CHGX is a Large Cap Growth Equities fund tracking the Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index, while ITOT is a Large Cap Blend Equities fund tracking the S&P Total Market Index. Both are passively managed. Over the past 5 years, CHGX returned 11.19%/yr vs 12.80%/yr for ITOT. Their correlation of 0.88 suggests significant overlap in exposure. CHGX charges 0.49%/yr vs 0.03%/yr for ITOT.

Performance

CHGX vs. ITOT - 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 iShares Core S&P Total U.S. Stock Market ETF (ITOT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHGX achieves a 23.15% return, which is significantly higher than ITOT's 11.78% return.

CHGX

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

ITOT

• 1D: 0.48%
• 1M: 4.64%
• YTD: 11.78%
• 6M: 11.52%
• 1Y: 28.81%
• 3Y*: 22.39%
• 5Y*: 12.80%
• 10Y*: 15.01%

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

CHGX vs. ITOT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF	23.15%	12.13%	15.16%	23.65%	-21.77%	22.72%	24.10%	33.07%	-5.79%	4.34%
ITOT iShares Core S&P Total U.S. Stock Market ETF	11.78%	17.00%	23.80%	26.12%	-19.47%	25.68%	20.71%	30.67%	-5.33%	5.15%

Correlation

The correlation between CHGX and ITOT is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (All Time) Calculated using the full available price history since Oct 11, 2017	0.88

The correlation between CHGX and ITOT has been stable across timeframes, ranging from 0.88 to 0.95 - a consistent structural relationship.

CHGX vs. ITOT - Sectors Allocation Comparison

Sectors	CHGX	ITOT
Technology	29.7%	33.8%
Financial Services	17.7%	12.1%
Healthcare	15.7%	9.0%
Consumer Cyclical	12.0%	10.1%
Communication Services	8.9%	10.3%
Industrials	5.8%	9.5%
Real Estate	4.1%	2.4%
Basic Materials	3.3%	2.1%
Consumer Defensive	2.9%	4.7%
Energy	2.2%	3.7%
Utilities	1.0%	2.3%

Return for Risk

CHGX vs. ITOT — 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

ITOT

ITOT Risk / Return Rank: 73
ITOT Sharpe Ratio Rank: 74
ITOT Sortino Ratio Rank: 73
ITOT Omega Ratio Rank: 72
ITOT Calmar Ratio Rank: 66
ITOT Martin Ratio Rank: 78

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. ITOT - 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 iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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	ITOT	Difference
Sharpe ratio: Return per unit of total volatility	2.52	2.37	+0.14
Sortino ratio: Return per unit of downside risk	3.47	3.24	+0.23
Omega ratio: Gain probability vs. loss probability	1.42	1.43	0.00
Calmar ratio: Return relative to maximum drawdown	4.05	3.25	+0.79
Martin ratio: Return relative to average drawdown	15.96	14.92	+1.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHGX vs. ITOT - Sharpe Ratio Comparison

The current CHGX Sharpe Ratio is 2.52, which is comparable to the ITOT Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of CHGX and ITOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CHGX	ITOT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	2.37	+0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.74	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.57	+0.14

Drawdowns

CHGX vs. ITOT - Drawdown Comparison

The maximum CHGX drawdown since its inception was -35.49%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for CHGX and ITOT.

Drawdown Indicators

	CHGX	ITOT	Difference
Max Drawdown Largest peak-to-trough decline	-35.49%	-55.20%	+19.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.50%	-8.90%	+0.40%
Max Drawdown (3Y) Largest decline over 3 years	-18.09%	-19.44%	+1.35%
Max Drawdown (5Y) Largest decline over 5 years	-30.26%	-25.36%	-4.90%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.00%	—
Current Drawdown Current decline from peak	-0.09%	-0.25%	+0.16%
Average Drawdown Average peak-to-trough decline	-6.43%	-6.97%	+0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	1.94%	+0.21%

Volatility

CHGX vs. ITOT - Volatility Comparison

Change Finance U.S. Large Cap Fossil Fuel Free ETF (CHGX) has a higher volatility of 3.88% compared to iShares Core S&P Total U.S. Stock Market ETF (ITOT) at 2.94%. This indicates that CHGX's price experiences larger fluctuations and is considered to be riskier than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHGX	ITOT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	2.94%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	10.67%	9.14%	+1.53%
Volatility (1Y) Calculated over the trailing 1-year period	13.67%	12.19%	+1.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.57%	17.35%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.35%	18.26%	+1.09%

CHGX vs. ITOT - Expense Ratio Comparison

CHGX has a 0.49% expense ratio, which is higher than ITOT's 0.03% expense ratio.

Dividends

CHGX vs. ITOT - Dividend Comparison

CHGX's dividend yield for the trailing twelve months is around 0.55%, less than ITOT's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
ITOT iShares Core S&P Total U.S. Stock Market ETF	0.97%	1.11%	1.23%	1.47%	1.66%	1.18%	1.41%	1.88%	2.14%	1.69%	1.83%	2.01%

Frequently Asked Questions

Can I hold both CHGX and ITOT in my portfolio?

CHGX and ITOT have a correlation of 0.88, 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 ITOT?

CHGX has higher volatility (3.88%) compared to ITOT (2.94%). In terms of maximum drawdown, CHGX dropped -35.49% vs ITOT's -55.20%.

Which ETF is better, CHGX or ITOT?

On 5-year performance, ITOT leads with 12.80% vs 11.19% for CHGX. On fees, ITOT is cheaper at 0.03% per year. On volatility, ITOT has been the lower-risk option at 2.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHGX or ITOT?

Over the 5-year period, ITOT has performed better with a 12.80% return vs 11.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHGX or ITOT?

ITOT is cheaper with a 0.03% expense ratio, compared with 0.49% for CHGX.

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

ITOT has the higher dividend yield at 0.97%, compared with 0.55% for CHGX.

What is the main difference between CHGX and ITOT?

CHGX is categorized as Large Cap Growth Equities, while ITOT is Large Cap Blend Equities. CHGX tracks Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index, while ITOT tracks S&P Total Market Index. They also come from different issuers: Change Finance and iShares. Their fees differ too: 0.49% for CHGX and 0.03% for ITOT.

Which has better risk-adjusted returns?

CHGX currently has the higher Sharpe Ratio (2.52 vs 2.37), 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.