CHGX vs. QARP

Last updated Jul 17, 2026

CHGX (Change Finance U.S. Large Cap Fossil Fuel Free ETF) and QARP (Xtrackers Russell 1000 US Quality at a Reasonable Price ETF) are both Large Cap Growth Equities funds - CHGX tracks the Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index while QARP tracks the Russell 1000 2Qual/Val 5% Capped Factor Index. Both are passively managed. Over the past 5 years, CHGX returned 9.83%/yr vs 12.09%/yr for QARP. Their correlation of 0.84 suggests significant overlap in exposure. CHGX charges 0.49%/yr vs 0.19%/yr for QARP.

Performance

CHGX vs. QARP - 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 Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHGX achieves a 19.58% return, which is significantly higher than QARP's 12.78% return.

CHGX

• 1D: 0.03%
• 1M: -2.14%
• 6M: 16.55%
• YTD: 19.58%
• 1Y: 26.18%
• 3Y*: 17.56%
• 5Y*: 9.83%
• 10Y*: —

QARP

• 1D: 0.71%
• 1M: 1.10%
• 6M: 9.34%
• YTD: 12.78%
• 1Y: 25.00%
• 3Y*: 17.33%
• 5Y*: 12.09%
• 10Y*: —

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

CHGX vs. QARP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF	19.58%	12.13%	15.16%	23.65%	-21.77%	22.72%	24.10%	33.07%	-4.04%
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	12.78%	13.99%	18.94%	23.03%	-14.62%	31.82%	14.83%	30.70%	-5.53%

Correlation

The correlation between CHGX and QARP is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018	0.84

The correlation between CHGX and QARP shifts across timeframes, from 0.79 (1 year) to 0.90 (5 years), reflecting how their relationship changes across market environments.

CHGX vs. QARP - Sectors Allocation Comparison

Sectors	CHGX	QARP
Technology	30.6%	23.5%
Financial Services	17.7%	12.1%
Healthcare	15.7%	13.9%
Consumer Cyclical	12.0%	9.6%
Communication Services	8.0%	11.3%
Industrials	5.8%	8.5%
Real Estate	4.1%	1.0%
Basic Materials	3.3%	2.3%
Consumer Defensive	2.9%	9.6%
Energy	2.2%	5.8%
Utilities	1.0%	2.0%

Return for Risk

CHGX vs. QARP — Risk / Return Rank

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

CHGX

CHGX Risk / Return Rank: 71
CHGX Sharpe Ratio Rank: 70
CHGX Sortino Ratio Rank: 69
CHGX Omega Ratio Rank: 64
CHGX Calmar Ratio Rank: 76
CHGX Martin Ratio Rank: 78

QARP

QARP Risk / Return Rank: 87
QARP Sharpe Ratio Rank: 90
QARP Sortino Ratio Rank: 89
QARP Omega Ratio Rank: 88
QARP Calmar Ratio Rank: 82
QARP Martin Ratio Rank: 89

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. QARP - 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 Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP). 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	QARP	Difference
Sharpe ratio: Return per unit of total volatility	1.81	2.38	-0.57
Sortino ratio: Return per unit of downside risk	2.52	3.34	-0.81
Omega ratio: Gain probability vs. loss probability	1.31	1.43	-0.12
Calmar ratio: Return relative to maximum drawdown	3.09	3.46	-0.36
Martin ratio: Return relative to average drawdown	11.59	15.38	-3.79

CHGX vs. QARP - Sharpe Ratio Comparison

The current CHGX Sharpe Ratio is 1.81, which is comparable to the QARP Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of CHGX and QARP, 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. QARP - Drawdown Comparison

The maximum CHGX drawdown since its inception was -35.49%, roughly equal to the maximum QARP drawdown of -35.44%. Use the drawdown chart below to compare losses from any high point for CHGX and QARP.

Drawdown Indicators

	CHGX	QARP	Difference
Max Drawdown Largest peak-to-trough decline	-35.49%	-35.44%	-0.05%
Max Drawdown (1Y) Largest decline over 1 year	-8.50%	-7.26%	-1.24%
Max Drawdown (3Y) Largest decline over 3 years	-18.09%	-15.65%	-2.44%
Max Drawdown (5Y) Largest decline over 5 years	-30.26%	-22.75%	-7.51%
Current Drawdown Current decline from peak	-2.99%	0.00%	-2.99%
Average Drawdown Average peak-to-trough decline	-6.37%	-4.39%	-1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	1.63%	+0.63%

Volatility

CHGX vs. QARP - Volatility Comparison

Change Finance U.S. Large Cap Fossil Fuel Free ETF (CHGX) has a higher volatility of 3.54% compared to Xtrackers Russell 1000 US Quality at a Reasonable Price ETF (QARP) at 2.76%. This indicates that CHGX's price experiences larger fluctuations and is considered to be riskier than QARP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHGX	QARP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	2.76%	+0.78%
Volatility (6M) Calculated over the trailing 6-month period	11.74%	8.22%	+3.52%
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	10.58%	+3.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.73%	15.54%	+2.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.33%	19.55%	-0.22%

CHGX vs. QARP - Expense Ratio Comparison

CHGX has a 0.49% expense ratio, which is higher than QARP's 0.19% expense ratio.

Dividends

CHGX vs. QARP - Dividend Comparison

CHGX's dividend yield for the trailing twelve months is around 0.56%, less than QARP's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHGX Change Finance U.S. Large Cap Fossil Fuel Free ETF	0.56%	0.67%	0.76%	0.94%	1.11%	0.56%	0.58%	0.86%	0.00%	0.59%
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF	1.02%	1.14%	1.39%	1.28%	1.68%	1.34%	1.61%	1.85%	1.39%	0.00%

Frequently Asked Questions

Can I hold both CHGX and QARP in my portfolio?

CHGX and QARP have a correlation of 0.79, 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 QARP?

CHGX has higher volatility (3.54%) compared to QARP (2.76%). In terms of maximum drawdown, CHGX dropped -35.49% vs QARP's -35.44%.

Which ETF is better, CHGX or QARP?

On 5-year performance, QARP leads with 12.09% vs 9.83% for CHGX. On fees, QARP is cheaper at 0.19% per year. On volatility, QARP has been the lower-risk option at 2.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHGX or QARP?

Over the 5-year period, QARP has performed better with a 12.09% return vs 9.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHGX or QARP?

QARP is cheaper with a 0.19% expense ratio, compared with 0.49% for CHGX.

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

QARP has the higher dividend yield at 1.02%, compared with 0.56% for CHGX.

What is the main difference between CHGX and QARP?

CHGX tracks Change Finance Diversified Impact U.S. Large Cap Fossil Fuel Free Index, while QARP tracks Russell 1000 2Qual/Val 5% Capped Factor Index. They also come from different issuers: Change Finance and Deutsche Bank. Their fees differ too: 0.49% for CHGX and 0.19% for QARP.

Which has better risk-adjusted returns?

QARP currently has the higher Sharpe Ratio (2.38 vs 1.81), 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.